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Category: Point of View
The low level of utilization of external loans for the implementation of investment projects continues to be a major problem. Having conducted an audit of public debt management, the Accounting Chamber noted underutilization of credit resources in the fulfillment of debt repayment obligations. Thus, for 12 projects with a low level of utilization, the state nevertheless paid interest and commissions in the amount of about 4.6 million euros.
In the first half of 2025, the Court of Accounts of the Republic of Moldova has found, based on the results of inspections, violations that may indicate fraud and corruption in central institutions and local authorities. Based on reasonable suspicions, 11 packages of documents were sent to the prosecutor’s office for further investigation.
The Court of Accounts of Moldova has completed an external audit of ministerial reports on the responsible management of state assets in 2024. Overall, the financial discipline of the executive bodies of the central government is far from perfect.
Any future government in Moldova will have a very unenviable inheritance. The pre-election package should mainly focus on two priority areas: the institutions of power and governance – their functionality and efficiency; and the economy – viability and financial sustainability at the micro and macro levels. Reform of the state – whose institutions show signs associated with insolvency and inefficiency, the consequence of which is prolonged stagnation and poverty – is crucial and can never be delayed.
This week, the government approved a single package of amendments to a number of laws establishing standards of activity on the financial and capital markets. Consumers of financial services will receive real protection: the powers of the National Commission for Financial Market (NCFM) will be expanded.
Are you quietly perplexed when account maintenance in different banks is called differently? When a free pension or social security account is debited every month? When transactions are priced ahead of other countries’ payment systems? You are not alone…
Moldova is experiencing a changing migration pattern due to various factors, including economic and social conditions. The main trends include population decline, outflow of young people and increase in internal migration.
Valeriu Chitan devoted his professional career to public finance, passing through all levels of the service hierarchy: from economist to Minister of Finance.
The United Nations has identified the causes of the world’s falling birth rate. The answer lies in the freedom of reproductive choice, which only economic stability, decent health and confidence in the future provide, not today’s access to services. Many people are deprived of this choice, and Moldova is no exception.
If we listen to the officials from the authorities, Moldovan parliamentarians and European deputies and commissioners, it was not rain from the sky, but a real “downpour of money” that poured down on Moldova during the whole May. The financial rainfall is estimated at 3.4 billion euros in total, even if some of it is still declarative in nature.
A growth plan or a spending plan? This is a question that experts are increasingly asking about European aid to the country. Apart from critical remarks, there are also constructive suggestions. Expert-Grup believes that investment funds are the main condition for accelerating economic growth.
Let’s work together to create a culture of accountability where every audit report is a step forward toward a government that serves the citizens!
In 2025, the Audit Chamber intends to expand the digitalization of audit, strengthen institutional independence, attract and motivate human resources. The main message of the departmental Report on the Activities of the Supreme Audit Institution in 2024 is directed to the future.
Moldova has fulfilled its obligations on natural gas storage by creating gas reserves. This was reported by the Ministry of Energy with reference to the Energy Community’s annual report on natural gas storage for 2025.
The Board of Directors of the National Energy Regulatory Agency (ANRE) at a public meeting on May 23 appointed state-owned Energocom as a public service provider for a period of three years. Previously, these functions were performed by Moldovagaz JSC, ensuring gas supply to end consumers. Vadim Ceban, acting Chairman of the Board of the company, told Logos Press in an interview about why this happened and how this decision will affect the activity of Moldovagaz JSC.
Today, May 29, the National Bureau of Statistics for the first time presented official indicators of multidimensional poverty in Moldova. According to the calculations, a quarter of the country’s population (25.6%) can consider themselves in a state of “multidimensional poverty”. Even more people – one third of the country’s population (33.5%) – will be below the absolute poverty line in 2024,” Logos Press reports.
The largest insurer in Central and Eastern Europe VIG AG WVC (Vienna Insurance Group AG Wiener Versicherung Gruppe) will expand its presence in Moldova by acquiring control (480 thousand shares, 80% of the authorized capital) in the insurance company Moldasig.
Restrictive monetary policy measures since the beginning of 2025 and the situation on the monetary and foreign exchange market led to an increase in interest rates on new loans and deposits in lei in the first quarter of 2025.
In April, inflation in Moldova amounted to 7.8% year-on-year, which became the lowest indicator for the last 4 months. The National Bank admits that by the end of the year the indicator will fall below the upper limit of the target range of 5% and will continue to decline until the end of 2027. But the policy of inflation control does not give way to the policy of encouraging economic growth, no matter how favorable the circumstances are. The prime rate this week remained at 6.5% per annum.
The World Bank places the world’s poor countries in the category of “low- or middle-income countries”, with a separate subgroup of “Least Developed Countries” (LDC), which includes 45 countries in the world.
