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Category: Banks & Finance
The situation in the economy forces the National Bank to increasingly use the “safety cushion” of the state to ensure its viability, reports Logos Press.
In October, after a September respite (6.9%), annual inflation returned to an upward trajectory of 7%, Logos Press reported.
Citizens have become more active in lending to the government, having recently bought over 40 million lei worth of government securities through an online platform, Logos Press reported.
Despite the fact that the country’s cryptocurrency legislation is under regulation, blockchain-based financial transactions are making their way into Moldovan life and practice in various ways.
This year’s fall has been fruitful for forecasts of the country’s economic development. Updates followed from both international partners – IMF, WB – and local experts. All of them show cautious optimism about overcoming stagnation. However, they are unanimous that sufficient recovery growth should not be expected.
The Executive Committee of the National Bank of Moldova at its meeting on November 6 unanimously decided to keep the prime rate at the current level, reducing the mandatory reserve requirements for banks
The World Bank considers the financial situation of the Moldovan banking sector as sustainable and capable of supporting economic activity while maintaining financial stability, Logos Press reports.
In case of unjustified overstatement of VAT or discrepancy in the purchase price, the State Tax Service will send a notice to the taxpayer explaining possible sanctions, Logos Press reported.
Speaking at the opening of the Leaders’ Summit in Bucharest “Roadmap for the Future”, Anca Dragu, Governor of the National Bank, emphasized the structural changes in Moldova’s economy: from a significant dependence on agriculture in 2001 (a quarter of GDP) to a diversified structure today, where the service sector accounts for 58% of GDP and the IT sector is prominent – about 8%.
Moldovan consulting firm Double Case announced the launch of the first corporate crypto coin in Moldova – Double Case Token (DCT), according to Logos Press.
Self-employed workers or freelancers will be able to enjoy all insurance benefits in accordance with the provisions of national social legislation, including maternity benefits, Logos Press reported.
Financial market regulators, capital market regulators and enforcement authorities are preparing for legal regulation of the cryptocurrency market under Europe’s single MiCA, Logos Press reported.
