NBM lowers base rate to 4.25%

The executive board of the National Bank of Moldova today set the base rate on the main short-term monetary policy operations at 4.25% annually, down from 4.75%. At the same time, the interest rate on overnight loans was reduced from 6.75% to 6.25%, and the rate on overnight deposits was lowered from 2.75% to 2.25%.

The NBM has maintained reserve requirements for Moldovan lei and non-convertible currencies at 33% of the calculation basis. Similarly, reserve requirements for freely convertible currencies has been kept unchanged at 43%.

Also today, the NBM board approved the latest monthly Inflation Report, to be published on February 13.

“In December 2023, inflation was within the target range for the third consecutive month. Today’s decision of the NBM contributes to the consolidation of this performance, further stimulating aggregate demand, currently disinflationary, by encouraging consumption, balancing the national economy and anchoring inflationary expectations, among other measures”, the National Bank said in a press release.

The central bank says it is closely following the inflationary process, assessing the associated risks and uncertainties, and future decisions of the Executive Board will be aimed at maintaining inflation within ±1.5 percentage point of the 5.0 percent target, a level considered optimal for economic growth in the medium term.



Russian and Belarusian citizens will be able to enter Montenegro only with travel visas from November 1, 2026. Thus, the government of Podgorica puts an end to visa-free travels of up to 30 days, reports IPN.

Montenegro thus fully aligns its visa policy with that of the European Union. The Montenegrin executive clarified that in this way one of the milestones for closing Chapter 24 – Justice, Freedom and Security, as well as one of the key commitments undertaken within the Reform Agenda, in the accession negotiations process. The measure is also expected to unlock the payment of approximately four million euros from the EU, under the Western Balkans Growth Plan.

Starting from November 1, visa applicants will be able to submit their documents through application centers already open in Russia, India, Bangladesh, Kyrgyzstan, Azerbaijan, Turkey, and the United Arab Emirates. Other centers are to be opened later in countries such as China, Belarus, Kazakhstan, or Saudi Arabia. In the medium term, the authorities from Podgorica plan to introduce an electronic visa system, which would allow online submission of applications.

Only Russian and Belarusian citizens who hold a multiple-entry Schengen visa or a residence permit in a Schengen area country will be exempt from visas.

Montenegro achieved candidate status for EU membership in 2010 and has so far closed 18 out of the 33 negotiation chapters. The country is considered one of the main candidates for the future wave of European Union expansion.

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NBM lowers base rate to 4.25%

The executive board of the National Bank of Moldova today set the base rate on the main short-term monetary policy operations at 4.25% annually, down from 4.75%. At the same time, the interest rate on overnight loans was reduced from 6.75% to 6.25%, and the rate on overnight deposits was lowered from 2.75% to 2.25%.

The NBM has maintained reserve requirements for Moldovan lei and non-convertible currencies at 33% of the calculation basis. Similarly, reserve requirements for freely convertible currencies has been kept unchanged at 43%.

Also today, the NBM board approved the latest monthly Inflation Report, to be published on February 13.

“In December 2023, inflation was within the target range for the third consecutive month. Today’s decision of the NBM contributes to the consolidation of this performance, further stimulating aggregate demand, currently disinflationary, by encouraging consumption, balancing the national economy and anchoring inflationary expectations, among other measures”, the National Bank said in a press release.

The central bank says it is closely following the inflationary process, assessing the associated risks and uncertainties, and future decisions of the Executive Board will be aimed at maintaining inflation within ±1.5 percentage point of the 5.0 percent target, a level considered optimal for economic growth in the medium term.


Lithuania wants to amend the national sanctions law to condition the entry into the country of artists, athletes, scientists, and other public figures from Russia and Belarus. Thus, they will be allowed access only after signing a public declaration condemning Russian aggression against Ukraine, reports LRT, quoted by IPN.

According to the project put forward by the Ministry of Foreign Affairs, Russian and Belarusian citizens who wish to travel to Lithuania to participate in educational, cultural or sports events will need to sign a document condemning Russia’s aggression against Ukraine, supporting the UN Charter, as well as the independence, sovereignty and territorial integrity of Ukraine within internationally recognized borders. Refusal to sign the declaration will constitute grounds for refusal of entry into the country, and the document is to be made public.

The amendments also provide for the prohibition of entry into Lithuania for those who support the war against Ukraine, undermine its territorial integrity, sovereignty and independence. Entry into the country will also be prohibited for those who support serious human rights violations or the repression of civil society and democratic forces in Russia and Belarus, as well as those whose activities pose a threat to democracy or the rule of law.

The package of restrictions also includes the prohibition of real estate purchases near strategic objectives by Russian and Belarusian citizens. The Ministry of Foreign Affairs in Vilnius explained the need for these changes by stating that recent discussions, especially at the level of local administrations, have highlighted the need for clearer regulation of the participation of representatives from Russia and Belarus, a state that supports Russian aggression, in public activities in Lithuania in the fields of education, science, culture, sports, arts, and entertainment.

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1 IANUARIE, 2025
1 IANUARIE, 2025