Economic

Moldova Lowers Interest Rate to Boost Economy

The National Bank of Moldova (BNM) has lowered its key interest rate applied to main short-term monetary policy operations by half a percentage point to 3.75%.

BNM Governor, Anca Dragu, made the announcement during a briefing.

This measure could lead to lower borrowing costs. As a result, financial institutions may offer loans at reduced rates, providing consumers with an opportunity to refinance existing debt at more advantageous terms.

In addition to lowering the base rate, interest rates on overnight loans and deposits were also reduced by half a percentage point. These will now stand at 5.75% and 1.75% respectively.

“This decision reflects our commitment to respond dynamically to current economic developments. We have lowered the base rate to support demand and stimulate consumption. This translates to lower borrowing costs, presenting consumers with an excellent opportunity to refinance existing debt at improved rates and incentivizing businesses to invest in expansion and innovation,” stated Anca Dragu.

Furthermore, the head of the BNM noted that in February, inflation remained within the target range for the fifth consecutive month, registering at 4.3%. This represents a 0.3 percentage point decrease compared to January. The previous adjustment to the base rate occurred in early February 2024, when it was similarly reduced by half a percentage point.

Translation by Iurie Tataru

Read more

Ministry of the Environment launches a call for a project for water protection and waste management
Social

Ministry of the Environment launches a call for a project for water protection and waste management

The Ministry of the Environment has launched a new competition for project proposals funded by the National Environmental Fund for 2025. A total of 125 million lei will be allocated for this call. The competition aims to encourage initiatives from mayors and civil society focused on environmental protection, with an emphasis on two main areas: integrated water resource management and integrated waste management.

Adviser to the governor of Gagauzia was released. Prosecutors cannot ask for arrest
Justice

Adviser to the governor of Gagauzia was released. Prosecutors cannot ask for arrest

Mihail Vlah, the advisor to the governor of UTA Gagauzia, Evghenia Guțul, was released after his 72-hour detention period expired. The prosecutors lack a legal basis to request preventive measures in this case, allowing Vlah to be investigated while in freedom. This information was confirmed by Emil Gaitur, the press officer for the Prosecutor's Office for Combating Organized Crime and Special Cases, in a statement to "Teleradio-Moldova."

Bogdan Nigai Bogdan Nigai

Bogdan Nigai

CNA investigates a doctor from the "Timofei Moșneaga" Republican Clinical Hospital for passive corruption
Social

CNA investigates a doctor from the "Timofei Moșneaga" Republican Clinical Hospital for passive corruption

A head of department within IMSP Clinical Republican Hospital "Timofei Moșneaga" is criminally investigated by CNA in a case of passive corruption. According to the information presented, the doctor would have charged illegal payments for various services in his area of responsibility, such as issuing certificates, admitting people or extending the term of inpatient treatment.