National Bank of Moldova Governor Anca Dragu used a speech at Bursa’s “Financial-banking market” conference to outline the banking sector’s ongoing transformation and the central bank’s role in aligning Moldova’s financial framework with European Union requirements, including coordination of working groups for accession talks. Dragu pointed to Moldova’s accession to the Single Euro Payments Area (SEPA) as a practical milestone, with estimated savings of more than EUR 20 million per year for citizens and a drop in euro transfer fees to the European Union from around EUR 30–50 to under EUR 1–3. She also highlighted international cooperation with the European Banking Authority on legislative equivalence, with the International Monetary Fund and World Bank through sector-focused programmes, and with the European Bank for Reconstruction and Development on capital market development. In the context of EU alignment, the central bank plans to apply the same rules in the area defined as the EU Taxonomy for green investments to stimulate sustainable finance, an objective also reflected in the EU’s nearly EUR 2 billion economic growth plan for Moldova ratified by Parliament on 22 May.
National Bank of Moldova 2025-05-26
National Bank of Moldova highlights SEPA accession fee cuts and plans to apply EU Taxonomy rules in conference speech
National Bank of Moldova Governor Anca Dragu emphasized the banking sector's transformation and the central bank's role in aligning Moldova's financial framework with EU requirements. Key developments include Moldova's accession to the Single Euro Payments Area (SEPA), expected to save citizens over EUR 20 million annually, and international cooperation on legislative equivalence and capital market development. The central bank also plans to apply EU Taxonomy rules for green investments to stimulate sustainable finance, aligning with the EU's EUR 2 billion economic growth plan for Moldova.