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."
The third edition of Taifas Balkan Film and Culture Festival, set to take place in Timișoara between October 13 and October 19, will include a retrospective dedicated to Romanian director Radu Jude. The public will be able to see the director's short films, in addition to a preview of his latest production, Dracula, presented at […]
Sursa International Light Art Festival, an event featuring immersive installations, projections, and light structures, will take place at the National Library of Romania from October 13 to October 19. The event brings together international and Romanian artists “in a visual dialogue about technology, architecture and sensitivity,” the organizers announced. “We wanted to build the opportunity […]
Romania’s Defense Ministry has signed a contract worth RON 50.4 million with Rheinnmetall Automecanica, a subsidiary of the German defense industry giant Rheinmetall, for the delivery of drone detection systems, Economedia.ro reported. The radar system will be delivered within 18 months at most and will reportedly be...
The former Steaua Roșie cinema in Cluj-Napoca will reopen as Edison-House of Music, a cultural hub dedicated to music and community, the organizers of the Jazz in the Park festival announced. Built in the early 1900s, the Edison building became, after World War II, the Steaua Roșie cinema. After 1989, the venue underwent several changes […]
Unprecedented amounts of precipitation have been recorded in Romania as cyclone Barbara hit the country on October 5-8, according to the authorities. At the same time, Bucharest exceeded the absolute maximum levels of rain for October. “Between October 5–8, 2025, Romania was affected by the Mediterranean cyclone Barbara, which formed over the Ionian Sea and […]
Romania is one of six European countries recently selected to develop a new artificial intelligence and supercomputing center under the EuroHPC – AI Factories program. The project, known as the AI Factory, will be Romania’s first national AI infrastructure, marking a major step toward strengthening its digital and research capabilities. The initiative will be led […]
