National Bank of Moldova

Week in Review: Big Dreams and Stark Realities

Leading Europe

Moldovan lei and euros bills. Photo: National Bank of Moldova Facebook page

Inflation is the top concern not just of many economists across Europe but also ordinary citizens, as inflation rates reach levels not seen in decades. Yet Moldova is in the inglorious position of leading Europe, at least on this front.

Romanian, Moldovan central banks sign new Cooperation Agreement

The main and enduring message of the National Bank of Romania (BNR) for the National Bank of Moldova is that of a sustainable and robust partnership, BNR governor Mugur Isarescu said on Friday at the signing ceremony of the new Cooperation Agreement between the Romanian and the Moldovan central banks.

Moldova President’s Plan to Siphon National Bank Profits Criticised

Economic and political analysts in Moldova have criticised an initiative by President Igor Dodon and the government led by Ion Chicu to shift 50 per cent of the National Bank of Moldova's annual profits into the state budget, describing it as a populist move that will not benefit ordinary people in the country.

Israel Overtakes Russia as Source of Moldovans’ Remittances

National Bank of Moldova statistics on the first quarter of 2019, published on Tuesday, show that Israel has overtaken Russia as the leading source of financial remittances from Moldovans working abroad.

It is for the first time in the last two decades when Russia has not held the first place as the source of remittances from emigrant Moldovans.

Bulgarian Doverie United Holding Bought the Second Largest Bank in Moldova for BGN 76 Million

The subsidiary of the Bulgarian "Doverie United Holding" - "Doverie - Invest" formally concluded a preliminary contract for the acquisition of 63.8% of the capital of the Moldovan bank Moldindconbank. This is clear from a notification to the Financial Supervision Commission (FSC) and the Bulgarian Stock Exchange.

Moldovan Opposition Urge Romania to Probe 'Grand Theft'

The leader of opposition Action and Solidarity Party in Moldova, Maia Sandu, on Tuesday in Bucharest asked Romania to help investigate the "grand theft" of a billion US dollars from Moldova's banking system between 2011 and 2014, on the grounds that Romania was one of the destinations for the stolen cash.