Anca Dragu
“Moldova’s economy is looking better and better after an extremely difficult period: 2022 was a very difficult year for the economy, with an economic growth of minus 4.6%. There was economic stagnation against the background of the energy crisis, and the war and its proximity led to the fact that economic decisions, as well as investment and consumption decisions, even at the level of the population, your level and your parents’ level, had to be postponed. We see that the situation has improved, and we are looking at 2.4% economic growth at the end of 2025. This is a good growth for the region – we are talking about a difficult period at the regional and even global level,” Dragoo shared.
According to the NBM head, this situation was reflected in the improvement of the country’s rating: “Moldova increased its aggregate rating by 3 steps over the last year and a half”.
“The growth in conditions when we saw that even in the European Union countries the rating was falling, deteriorating, means a lot. And in general, against the background of internal macroeconomic tensions, we already have confirmation from reputable international organizations. Why is this rating important? Because depending on the rating, the cost of financing may be higher or lower,” said Anca Dragu.
The National Bank is “optimistic” about the figures concerning deposits and loans in the economy. About 70% of all deposits are in the national currency, which means that the country’s citizens “trust the national currency and do not feel the need to run to another currency, euro or dollar, to preserve the value of their money.”
“In terms of credit, here we have made significant efforts and steps. This is one of the indicators – credit to the private sector relative to GDP. This indicator two years ago was around 23%, now it is 30%, this is a fantastic growth, the biggest in the region. Of course, the average value in Europe is at the level of 70-80%, but here we are talking about countries with a long tradition of a stable financial sector,” concluded Anca Dragoo.
