Inflation in Moldova fell to 4.2% in 2023 from more than 30% in 2022, and overall the recovery from the shocks caused by the war in Ukraine is faster than expected by the Moldovan authorities - NBM.
This was stated by the President of the National Bank of Moldova Anca Dragu, speaking at an important annual financial meeting for the countries of Central and Eastern Europe - Euromoney Forum 2024. She noted that strengthening the authority and independence of the National Bank, reforming the financial sector, liberalizing the capital market and ensuring the functioning of the market economy are some of the of the key reforms required by the EU on the path to accession. The head of the NBM said that she will focus her mandate at the National Bank of Moldova on these and other priorities. Gathering this year on January 16-17 in Vienna, against the backdrop of the end of a year marked by inflation, the energy crisis and the war in Ukraine, Euromoney forum participants discuss the outlook for monetary policy for 2024, the main tasks of the region’s central banks, practical issues related to restoration of Ukraine, and the problems facing the ecological transition. “The decline in inflation in Moldova last year to 4.2% from more than 30% in 2022 showed that the sharp shift away from Russian energy has borne fruit,” Anca Dragu said in a speech at a panel on central banks. “The recovery from the shocks caused by Russia’s invasion of Ukraine is happening faster than the Moldovan authorities expected, helped by the influx of financial assistance from the EU, as well as new energy supplies from Romania,” added the head of the NBM. The Euromoney Forum is the most prestigious conference for capital markets and investment professionals in the Central and Eastern European region. For the past 29 years, Euromoney has provided business leaders and decision-makers with the opportunity to exchange ideas, make new contacts and engage in insightful and impartial discussions. Anca Dragu takes part in the meeting for the first time as head of the National Bank of Moldova, together with her colleagues from Armenia, Poland, Albania, Lithuania, Macedonia, Georgia, Slovenia and Hungary. // 17.01.2024 — InfoMarket.
