Governor of the National Bank of Moldova (BNM) Anca Dragu believes that the theft of a billion dollars from the banking system of the Republic of Moldova was a trauma for the entire economy of this state and argues that both the central bank in Chisinau and the Moldovan authorities must adopt measures to ensure that "such a moment will never be repeated."In an interview with AGERPRES, Anca Dragu voiced her concern about the low level of financial intermediation in the Republic of Moldova, pointing out that the amount of loans granted by the banking system in relation to the Gross Domestic Product is four times lower than the European Union average, namely 20-23% compared to 87-90% of the EU average.At the same time, the BNM official also spoke about the prospect of accession to the European Union, which should place the Republic of Moldova in the top preferences of foreign investors. She believes that investors who do not invest in Moldova now will regret it in five to ten years.In the view of the governor of the Central Bank of Moldova, the IT and energy sectors are the most attractive for companies interested in developing on the left bank of the Prut.According to Dragu, "it is important for the National Bank to achieve its main objective, which is to ensure price stability, that is inflation at a reasonable level, which ensures a reasonable cost of credit, because at an interest rate of 20-30%, as I said earlier, you cannot function. So the stability of these macro-economic variables, inflation, a predictable fiscal trajectory, these are the essential conditions for investments."
On Monday, December 23, Romanian police brought Nica Robert Florin back to the country. The man convicted of possession of high-risk drugs, bodily harm, and driving under the influence of alcohol, is listed among Romania’s Most Wanted category and was also wanted internationally. Romanian authorities revealed at the beginning of October that they had indications […]
An investigation by the famous British newspaper Financial Times revealed that the campaign of former Romanian presidential candidate Călin Georgescu was supported by a Russian network also used during the pandemic in France and Germany to instill fear of vaccines. The newspaper’s investigation began in continuation of those by Bulgarian and Romanian journalists at BG...
Bucharest’s District 3 City Hall will once again organize a special New Year’s Eve event in Titan Park, with a program of live concerts, multimedia shows, and even a simulation of the Northern Lights. The event, set to begin at 8:00 PM on December 31, will focus on the theme of infinity. “If you missed […]
Traffic on Lot 1 of the A7 Ploiești-Buzău highway, stretching 21 kilometers in southern Romania, was officially opened on Monday, December 23. With this opening, 102 kilometers of the total 320 kilometers of the highway are now usable. The Moldova Highway, as it has been called, is meant to connect Romania's economically underdeveloped eastern regions to […]
The Dutch technology investor Prosus NV, also the majority shareholder of Romania’s largest online retailer eMAG, is set to buy the online travel agency Despegar.com Corp, focused on Latin America, for approximately USD 1.7 billion. The purchase consideration will be funded from existing cash resources, the company said. Founded in Argentina in 1999, Despegar is one […]
The new Forestry Code, which passed the Parliament vote on December 17 and was signed into law by president Klaus Iohannis on December 20, includes provisions that protect all forests in Ilfov, the county surrounding Bucharest, making them the cornerstone of the future green belt around the capital city. Moreover, it legislates green belts nationwide, […]
