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."
Romania registered the third lowest employment rate in the EU in 2023, following Italy and Greece, according to recent Eurostat data. Only 69% of Romanians aged between 20 and 64 are employed, meaning nearly one-third of Romanians are not working. Certain factors influence these figures. Romania makes use of a category of special pensions applied […]
Authorities are looking into the case of a Romanian minor who was allegedly sold for RON 8,000 (EUR 1,600) and arrived in Germany with false documents. Romanian authorities were notified by those in Germany regarding the case, but investigations are still ongoing. The minor is currently in the care of the German state. The boy […]
The residential market had a strong start in 2024, with the first quarter ending with an 18% increase in the number of residential transactions in Bucharest compared to the same period last year, according to Colliers data. In the rest of the country, the increase was slightly higher - 19%. According to Colliers consultants, buying […]
Siemens Healthineers, the medical technology branch of the German multinational, recently launched its newest MRI scanner, the MAGNETOM Flow, during an event held in Bucharest on April 24. Featured in one of the panels during the event, Sonja Wehsely, executive vice president CEECA Siemens Healthineers, highlighted the strengths of the new scanner. Wehsely, who has […]
The Romanian General Prosecutor's Office officially announced the indictment of former president Ion Iliescu, former prime minister Petre Roman, and former deputy prime minister Gelu-Voican Voiculescu for crimes against humanity, in the case of the Mineriada (miners' riot) of June 1990. Along with the three, the former director of the Romanian Intelligence Service (SRI), Virgil […]
Uber launched its Green service in the popular mountain city of Brașov, in central Romania, on April 25, with a fleet of environmentally friendly vehicles such as Toyota Prius, Hyundai Ioniq, Tesla Model Y, and Volkswagen ID.3. Previously, the Uber Green option was made available to residents and tourists of Cluj-Napoca in November 2023. “We […]
