Moldova offers investors significant opportunities and substantial potential - Anca Dragu
Governor of the National Bank of Moldova (NBM) said this while speaking online at the NewMoney Talks conference held in Bucharest. During the event, the New Money and INSCOP Entrepreneurs Barometer was officially launched, with a special section dedicated to Moldova. In her presentation, the NBM Governor spoke about the opportunities of the business environment in the context of European integration. Anca Dragu said that Moldova offers investors opportunities through macroeconomic stability, integration into the Single Euro Payments Area (SEPA) and capital market development, facilitating cross-border financial transactions and investments. The NBM Governor emphasized that the potential for investors is conditioned by the proximity to the European market, developed trade relations and macroeconomic stability. At the same time, the NBM supports the development of the capital market, facilitating access to financing and promoting technological innovations in the financial sector, offering innovative financial platforms and a consolidated banking system. Anca Dragu emphasized the central bank's important role in Moldova's preparatory process for EU accession, given its competences in the monetary policy and financial sector. In this context, the constant harmonization of the national financial system with the European standards gives investors the opportunity to develop business in Moldova on the basis of rules similar to those of the EU. She said that the harmonization with the EU legislation will be boosted in the near future, given that Moldova, a candidate state for EU accession, has initiated accession talks in June 2024, and is currently engaged in an extensive dialogue with the European Commission (legislative screening) on the level of preparation for the EU accession. Another aspect highlighted by the NBM head concerns financial intermediation. “This is a central element in enhancing access to finance, both for the private sector and for individuals. The NBM is focused on strengthening the banking system and diversifying sources of finance through policies and regulations that support the competitiveness of the financial market. Through more efficient financial intermediation, entrepreneurs and consumers can access the resources needed for development, in a transparent and stable environment,” Anca Dragu said. // 01.10.2024 – InfoMarket
