Demonstrations planned for May 1

IPN.md

21 April 2015
13:15

A number of political organizations intend to stage demonstrations in Chisinau on May 1. The parties submitted notifications to the Chisinau City Hall’s Social-Humanitarian and Interethnic Relations Division by which they informed the local authorities about the place and hour of the planned events, IPN reports.

In the April 21 meeting of officials of Chisinau services and divisions, the Division’s head Violeta Crudu said the Party of Socialists intends to mount a Solidarity March from the Chisinau Circus up to the square of the Academy of Sciences of Moldova. The column will go along Renasterii Nationale Blvd, Banulescu Bodoni St and Stefan cel Mare Blvd. The party also has a reserve route: from the Holy Gates to Stefan cel Mare Blvd up to “Valea Morilor” Park.

The Party of Communists plans to stage a demonstration in the square of the Academy of Sciences of Moldova in connection with the International Labor Day.

The Liberal Party on May 1 will hold an event in the Great National Assembly Square, while the Democratic Party – in the square of the National Opera House “Maria Biesu”.

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by Iana Josu 30.07.2026

The former president of the Banca de Economii, Grigore Gacikevici, was detained on Wednesday in a case where he is being investigated for large-scale money laundering. Today, the court is expected to pronounce the sentence in another case, in which he is accused of granting non-performing loans that allegedly caused the Banca de Economii a damage of approximately three billion lei, reports IPN.

According to the National Anticorruption Center, during his tenure at the bank, Gacikevici allegedly received illicit remuneration for facilitating the granting of loans, and subsequently transferred money abroad, originating from criminal activity. He was placed in the CNA isolation ward for 72 hours.

In the case of non-performing loans, the former head of BEM is on trial alongside four former members of the bank’s lending committee. Prosecutors allege that between 2005 and 2012, they approved loans in violation of internal rules and banking prudence rules.

According to the accusation, the loans would have been granted without the proper assessment of the repayment capacity, based on incomplete files and without sufficient verification of the beneficiaries. Also, in some cases, the guarantees would have been insufficiently evaluated or monitored.

The prosecutors have requested 15 years of imprisonment for Grigore Gacikevici and 13 years each for the other four defendants, as well as the recovery of the estimated damage of approximately three billion lei.

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Demonstrations planned for May 1

IPN.md

21 April 2015
13:15

The Party of Communists plans to stage a demonstration in the square of the Academy of Sciences of Moldova in connection with the International Labor Day.

The Liberal Party on May 1 will hold an event in the Great National Assembly Square, while the Democratic Party – in the square of the National Opera House “Maria Biesu”.

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NBM: The transition to the euro as a reference currency has generated savings of 21.8 million euros

by Iana Josu 30.07.2026

The transition to the euro as the reference currency for determining the official exchange rate of the Moldovan leu has generated estimated savings of 21.8 million euros for individuals and economic agents in the period January 2025 – June 2026. According to the National Bank of Moldova, the difference between the buying and selling rates of the euro has decreased by approximately 24% compared to 2024, reports IPN.

NBM specifies that the difference between the buying and selling rate of the euro has decreased by approximately 24% compared to 2024, from 21 to 16 bani. Thus, the currency exchange in euro has become less costly for bank customers.

The change also targeted the management of BNM’s international reserves. The National Bank converted 623.4 million dollars into 596.2 million euros, and the subsequent appreciation of the European currency generated a favorable difference estimated at 50.6 million euros. According to the institution, the amount does not represent an actual gain, but the result of a reevaluation based on the exchange rate.

The Euro replaced the US dollar as the reference currency on January 1, 2025, in the context of the widespread use of the European currency in Moldova’s economy. At that time, over 60% of commercial transactions and about 70% of remittances were made in euros.

NBM states that the leu is not fixed against the euro, and the exchange rate continues to be determined by the demand and supply of currency on the market.

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