In Moldova, sectoral indicators pointed to an improvement in economic activity in the third quarter of 2026, although the regulator also noted factors that could intensify inflationary pressures in the coming months. In explaining its latest monetary policy decision, the National Bank highlighted trends in production, trade, transportation, and consumer demand, as well as changes in foreign trade.
Since the launch of the preferential lending program in the agricultural sector, hundreds of Moldovan agricultural enterprises have received support, and the total amount of financing has already approached a significant milestone. Funds were most actively directed toward farm modernization and post-harvest processing; the full version of this article provides details on the structure of investments, regional distribution, and program terms.
In Moldova, bank lending continues to grow faster than the economy, but the National Bank assesses the risk of overheating as moderate. At the meeting on financial stability, participants also reviewed the state of the banking, non-banking, insurance, and securities sectors, which remain generally stable, although changes in portfolio quality and risk dynamics were noted in certain areas.
Moldova is preparing for a phased easing of foreign exchange regulations: starting in November, changes will take effect that will significantly expand the options available to citizens and companies when conducting transactions involving foreign currency, overseas accounts, and investments. However, some restrictions will remain in place, and the National Bank's oversight will be restructured to account for new risks and financial security requirements.
Since the launch of the preferential lending program in the agricultural sector, hundreds of micro and small agricultural producers across the country have received support. Investments in equipment and processing have generated the most interest among farmers; the full version of this article provides details on regional distribution, the financing structure, and new opportunities offered by the program.
Igor Stratan, Director of the Network and Alternative Channels Department at Moldindconbank
Farmers are pushing for the introduction of a mechanism to restructure bank debt for viable farms, citing growing financial difficulties in the agricultural sector and the risk of further bankruptcies. Authorities, banks, and industry representatives are already discussing possible changes to collection rules and guarantees, and agreed-upon proposals are expected to be presented shortly.
The loan portfolio of Moldovan banks continued to grow in July, with the bulk of the growth still coming from a few key segments. The loan portfolio structure shows both areas of growth and categories where a decline was recorded—the full version of this article provides details on all major types of loans.
Sergiu Padure, Chief Economist at Moldindconbank
Moldova's external public debt increased by $45.34 million (+0.9%) in January–July 2026, totaling $4 billion 855.95 million as of July 31
Sergiu Padure, Chief Economist at Moldindconbank, answers the questions
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