Economic

Moldova Central Bank Cuts Rates, Confident in Economic Growth

In a unanimous decision, the National Bank of Moldova (BNM) today charted a course for greater economic activity and anchored inflation expectations with a 0.5-percentage-point reduction in its key rate.

The base rate applied to primary short-term monetary operations now stands at 4.25%, signalling the BNM's confidence in Moldova's economic trajectory.

This move follows three consecutive months of inflation hovering close to the targeted 5.0%, prompting the BNM to solidify this favourable trend and foster further economic balance. As BNM Governor Anca Dragu emphasised at a press conference, "These adjustments aim to stimulate financial intermediation between banks and companies, ultimately enhancing financial stability."

Governor Dragu also acknowledged the continued presence of external risks and uncertainties, citing factors like regional tensions, supply chain disruptions, and the ongoing war in Ukraine. Nonetheless, the BNM's updated inflation forecast remains largely unchanged, anticipating an average annual inflation of around 4.7% in 2024 and 4.5% in 2025.

Translation by Iurie Tataru

Bogdan Nigai

Bogdan Nigai

Author

Read more

Operative service of the State Road Administration will be active non-stop
Social

Operative service of the State Road Administration will be active non-stop

The Operative Service of the State Road Administration (ASD) will be active non-stop during the entire winter period. This was announced by the company on its Facebook page.

59 polling stations for the Romanian elections, opened in the Republic of Moldova. Law enforcement officers will ensure public order
Elections

59 polling stations for the Romanian elections, opened in the Republic of Moldova. Law enforcement officers will ensure public order

As many as 59 polling stations will be set in the Republic of Moldova for the presidential elections in Romania, which will take place between November 22-24. In this context, the General Police Inspectorate announces that the law enforcement officers will be on duty these days to provide support in ensuring public order and guarding polling stations.

Over 200,000 saplings planted as part of the "Forest Generation" campaign
Social

Over 200,000 saplings planted as part of the "Forest Generation" campaign

The afforestation campaign started today in the village of Mălăiesti, Orhei district. More than 600 government employees, Moldsilva workers, and volunteers participated in planting trees. Throughout the day, over 200,000 saplings, including red oak, maple, ash, and acacia, were planted on over 40 hectares. This initiative is part of the national "Forest Generation" campaign, launched in 2023, which aims to rehabilitate degraded forest areas and create new forests by 2032. The goal is to increase the afforestation rate from the current 12% to 15%.