Savings and investment opportunities on Moldova’s financial market discussed with media representatives
Automatically translated summary. The full article is available in Romanian.
On 31 October, World Savings Day, the Independent Think Tank “Expert-Grup”, in partnership with the National Bank of Moldova and with USAID MISRA support, held a press club in Chișinău. Journalists and experts reviewed the savings and investment products available on the financial market of the Republic of Moldova.
Dumitru Budianschi of the National Financial Market Commission pointed to voluntary pension funds and government securities as options. Natan Garștea of the National Bank of Moldova stressed deposit guarantees, maturity and interest rates when choosing a deposit.
Stas Madan presented survey data from autumn 2023: 40.7% of respondents had set no money aside in the past 12 months, 45.4% of households hold cash savings and only 5.8% hold bank deposits. 59.9% could not cover an unexpected expense equal to monthly income without credit or help. In September 2024, bank deposits stood at MDL 71.7 billion, and government securities at MDL 28.5 billion. The new evms.md platform recorded 815 direct transactions worth over MDL 78.7 million. Deposit interest is taxed at 6%, while income from government and municipal securities is untaxed.
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