European Commissioner, in Chisinau: "Every reform and investment strengthens the economy and the place in Europe"
The European Commissioner for Financial Services and the Savings and Investments Union, Maria Luís Albuquerque, reaffirmed the European Union's strong support for the Republic of Moldova. She expressed appreciation for the investments and reforms made by the authorities in Chisinau. At the high-level dialogue workshop titled "Finance and Economic Growth: Lessons for the European Path of the Republic of Moldova," held in Chisinau, Albuquerque emphasized that the implementation of the Growth Plan agreed upon with the EU, which amounts to 1.9 billion euros for the period from 2025 to 2027, presents a significant economic opportunity to enhance the country's competitiveness.
"The European Union stands firmly with you, and we appreciate your determination. Every reform, every investment, and every step towards a stronger and more integrated market not only strengthens Moldova’s economy and democracy but also enhances its position and voice in Europe," stated the European Commissioner at an event organized by the National Bank of Moldova (NBM).
Anca Dragu, the Governor of the NBM, emphasized during the workshop that financial stability is essential for sustainable and inclusive growth. She described it as "the foundation that encourages investment, stimulates innovation, and instils confidence in citizens about their future."
The Governor also pointed out that Moldova's successful accession to the Single Euro Payments Area (SEPA) demonstrates the maturity of its financial system. This connection to European infrastructure allows for faster, safer, and cheaper euro transfers.
Moreover, Cristina Gherasimov, the Deputy Prime Minister for European Integration, highlighted that the Republic of Moldova will continue to collaborate with the NBM and the entire society to build a stable, competitive, and transparent financial system. This system aims to support entrepreneurs, foster innovation, and strengthen trust among citizens, ultimately contributing to the country’s economic growth.
During her two-day visit to Chisinau, the European Commissioner also discussed with the acting Prime Minister, Dorin Recean, the deepening of economic and financial cooperation between the Republic of Moldova and the European Union, in the context of the European integration process and reforms aimed at modernizing the national economy.
European Commissioner Maria Luís Albuquerque reiterated the full support of the European institutions for the development of a modern, competitive and resilient financial sector in the Republic of Moldova. The Commissioner also appreciated the authorities' sustained efforts to improve citizens' living standards.
Prime Minister Dorin Recean stressed the importance of attracting long-term investments and consolidating the financial market, as an essential pillar for the sustainable development of the country.
“The Republic of Moldova is in an intense process of transformation. Justice reform is the basis of all other reforms, and the rule of law is what drives people to invest”, noted Prime Minister Dorin Recean.
We would like to point out that Maria Luís Albuquerque, European Commissioner for Financial Services, Union for Economies and Investments, had meetings in Chisinau with representatives of national authorities, financial and banking institutions, as well as with economic experts from the Republic of Moldova.
The discussions aimed at deepening EU-Moldova cooperation in the financial field, strengthening economic stability and supporting sustainable investments.
