The Governor of the National Bank of Moldova (NBM), Anca Dragu, at the third edition of the "Financial-Banking Market" conference organized in Bucharest

The Governor of the National Bank of Moldova (NBM), Anca Dragu, made statements to this effect at the third edition of the "Financial-Banking Market" conference held in Bucharest.

During the event, the NBM Governor referred to the potential of the Republic of Moldova in the field of investments. Anca Dragu also spoke about the opportunities for the development of the capital market through dual listings and the expansion of cooperation between the Single Central Depository (SCD) and the Bucharest Stock Exchange.

"There is already more interest in investing in Moldova. In particular, there is more interest for Romanian companies to expand their business across the Prut. The increase in the country's rating is essential for investors to consider the opportunities offered by the Moldovan economy," said Anca Dragu.

In this context, the Governor underlined that the Republic of Moldova benefits from a favourable macroeconomic context and the contribution of the National Bank of Moldova to the establishment of this positive dynamic is confirmed by the achievement of the primary objective of maintaining price stability: "We have a declining annual inflation rate. In April 2024, the annual inflation rate reached 3.51 percent. This performance made it possible to adjust the monetary policy interest rate to 3.60 percent, which contributes significantly to increasing investment appetite in the Republic of Moldova, creating the necessary framework for boosting economic growth."

Anca Dragu added that there are discussions with the Bucharest Stock Exchange (BSE) to develop the Chisinau capital market, including through dual listings: "The BSE already has a word to say in the European market, and dual listings are welcome in order to burn a few steps. The road is a long, arduous one, and we still have a few steps to go, including adjusting the legal framework to allow connection with the BSE."

The presence of the Republic of Moldova on the Eurobond market was also discussed at the event: "This is a project that has been talked about for a long time. We are now looking at the cost elements and trying to find solutions. You will certainly hear about the Republic of Moldova in the Eurobond market in the not-too-distant future ".

The conference "Financial-banking market", organised in Bucharest by BURSA newspaper, discussed strategies and investments in the financial-banking sector, the evolution of banks in the current macroeconomic context, EU funds as a pillar for the development of co-financing of the economy, financing solutions offered by the capital market and the role of the state in increasing the importance of the capital market. The Forum brought together representatives of the financial-banking sector, financial market regulators from Romania and the Republic of Moldova, government decision-makers.