Economic

Moldova to join Single Euro Payments Area (SEPA)

Moldova takes a significant step towards European integration by signing its application to join the Single Euro Payments Area (SEPA) tomorrow, as announced by the National Bank of Moldova.

"This application represents an important exercise in the context of our country's accession to the European Union," the Bank stated.

The application process is facilitated by the EU-funded Twinning Project, aimed at strengthening financial sector oversight and governance in Moldova.

Aiming for Seamless Euro Payments

SEPA aims to create a single European market for small-value euro payments, treating both domestic and cross-border transactions equally. "This simplifies and reduces costs for individuals and businesses," a National Bank spokesperson explained.

Expanding Reach

Initially limited to the EU and several neighbouring countries, SEPA has grown to include 34 European nations. Moldova's application reflects a similar trend of expanding participation beyond the EU borders.

Joining the Zone

SEPA membership essentially means treating all euro payments within the zone as domestic transactions, regardless of their origin or destination. This fosters smoother financial interactions and reinforces integration within the broader European framework.

Translation by Iurie Tataru

Viorica Rusica

Viorica Rusica

Author

Read more

Klaus Iohannis organizes consultations with parties to designate Romania's new prime minister
International

Klaus Iohannis organizes consultations with parties to designate Romania's new prime minister

President Klaus Iohannis will hold consultations with parliamentary parties on Sunday at Cotroceni Palace to designate a candidate for prime minister. PSD, PNL, UDMR and minorities will go together to the consultations. USR, AUR, SOS Romania and POT will have separate meetings, digi24.ro writes.

Klaus Iohannis did not appoint the prime minister
International

Klaus Iohannis did not appoint the prime minister

Romanian President Klaus Iohannis declared, on Friday, after consultations held at the Cotroceni Palace with the parties, that negotiations between the PSD, PNL, UDMR and minorities continue. The head of state says that after the appointment of the presidents of the two Chambers of Parliament, he will also come up with a proposal for prime minister.

IGP will use 20 smart cars to detect traffic violations
Social

IGP will use 20 smart cars to detect traffic violations

The national police uses 20 smart cars to detect traffic violations and eight more are to be put on the roads soon, the head of the General Inspectorate of Police, Viorel Cernăuțeanu, told Teleradio-Moldova. He said that, at this stage, no sanctions are applied for most types of violations fixed to carry out an analysis of these cases.