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 Patriarch of the Romanian Orthodox Church, Daniel, congratulated Pope Leo XIV for succeeding Pope Francis on Thursday, May 8. He expressed confidence that the new pope will continue to promote "the spirit of dialogue, peace, and cooperation between the Roman Catholic Church and the Orthodox Church." "In a world facing multiple spiritual, economic, and […]
The organizers of the Untold festival announced they will offer a RON 150 (EUR 30) voucher toward the purchase of a festival pass to anyone who votes on May 18, during the second round of the presidential elections. In an online message, Untold representatives emphasized the connection between civic participation and the future of every […]
The Open Streets program, which sees the city's major arteries close for car traffic and become pedestrian areas, returns this weekend with a program of exhibitions, concerts, and a Festival of Lights. On Saturday, May 10, at 2:00 p.m., the public is invited to the Made in Romania exhibition, which presents a selection of civilian […]
Joseph Stiglitz, the famous economist and professor at Columbia University in New York, and winner of the Nobel Prize in economy in 2001, told an audience in Cluj, Romania, that governments must stimulate exports and key sectors when facing deficits. Stiglitz was in Romania on Thursday, May 8, to receive the title of Doctor Honoris […]
The Constitutional Court unanimously validated on Friday, May 9, the results of the first round of the presidential elections. It also rejected as unfounded a request to annul the elections filed by Sebastian-Constantin Popescu, the presidential candidate of the New Romania Party, it announced. The runoff, set for May 18, will see ultranationalist leader George […]
Bucharest's culinary scene welcomes back OLEA, the JW Marriott Bucharest Grand Hotel's celebrated Mediterranean destination, now reimagined with a fresh concept that blends authentic coastal flavours with contemporary sophistication. Following an extensive transformation, OLEA reopens its doors to offer guests a refined journey through the Mediterranean's sun-drenched culinary traditions, right in the heart of Romania's […]
