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Category: Banks & Finance
The World Bank has lowered Moldova’s GDP growth forecast for 2025 from 3.9% to 0.9%, and for 2026 from 4.5% to 2.4%. At the same time, for 2027, it forecasts Moldova’s economic growth at 4.4%.
During the years of independence, medium-sized businesses appeared in Moldovan winemaking (some of them even became large ones). And in recent years, many small and micro-enterprises have been established, as a legal framework favorable for amateur winemakers to become professionals has been created. Among the clients of maib, the largest bank in the country, there are also plenty of them. Ion Vrabie, maib’s regional director and head of HUB Sud, tells us how they are dealt with.
The new fiscal code is being proposed for individuals engaged in independent activities, Logos Press reported.
New financial instruments and modern infrastructure will become attractive for portfolio investors, contributing to the development of the Moldovan capital market,” Logos Press reports.
In the 2024 national public budget and this year’s adjusted budget, the share of external and internal borrowing and grants reached 31%, 10% higher than the average for 2013-2020,” Logos Press reported.
Data on expenses and income related to the acquisition, ownership and use of vehicles by individuals will be tracked for tax purposes,” Logos Press reported.
At the end of 2024, our country owned nearly 5 bitcoins (4,92161799), which is currently valued at $520,000,” according to Logos Press.
In May, the state’s official reserve assets decreased by another 80.94 million euros. At the end of the month, their value was estimated at 4.848 million euros, compared to 5.484 million euros at the end of 2024,” Logos Press reported.
VAT exemptions are planned to be introduced for certain car import transactions, for medical devices and reforestation services,” Logos Press reported.
The need for domestic borrowings and the possibility to buy back expensive instruments makes the Ministry of Finance constantly maneuver and search for the most pragmatic approaches to work with government bonds. The policy of government debt management in the domestic market, as experts believe, will proceed from necessary and sufficient, cooling the demand for profitable government securities.
The wine sector is not only an important sector of the Moldovan economy, but also part of the national identity. Sergiu Munteanu, Director of Corporate Client Relations, tells us how maib builds sustainable partnerships with the country’s leading wineries, what solutions it offers to large businesses and why clients choose maib.
The Ministry of Finance has prepared a package of tax amendments to legislation. They will be included in the Tax, Customs, Civil, Administrative Codes and other legislative acts. As the ministry explains, these are adjustments of the first necessity, which improve the legal framework of taxation and do not bear any delay. Since the current Parliament has just over a month to work, the amendments should be adopted by the end of June this year.
