---
title: "Moldova: SEPA Bid Hinges on Commission Review"
url: https://radiomoldova.md/p/30073/moldova-sepa-bid-hinges-on-commission-review
published: 2024-02-09T14:50:11Z
language: en
author: "Carolina Străjescu"
section: "Political"
source: radiomoldova.md
---

# Moldova: SEPA Bid Hinges on Commission Review

> Moldova's central bank governor, Anca Dragu, expressed optimism about joining the Single Euro Payments Area (SEPA) during a visit to Brussels.

Moldova's central bank governor, Anca Dragu, expressed optimism about joining the Single Euro Payments Area (SEPA) during a visit to Brussels.

![](https://storage.radiomoldova.md/images/578b80b8-d509-4f5d-a7ed-4a17ad8c389f.jpg)

She cited the country's progress in aligning its laws with EU standards as a key factor.

*"Moldova has made significant achievements in adopting and implementing relevant legislation harmonised with the EU acquis,"* Dragu stated. This legislation covers areas like payment services, banking, anti-money laundering, and data protection.

**SEPA Membership Application Submitted:**

Dragu's comments come after Moldova formally applied for SEPA membership on January 30, 2024. SEPA allows citizens and businesses across participating countries to make and receive euro payments seamlessly.

**Potential Benefits:**

Membership would potentially offer Moldova several benefits, including:

* **Smoother cross-border payments:** Faster and cheaper transactions within the SEPA zone.
* **Reduced costs:** Lower fees for businesses and individuals making euro payments.
* **Enhanced trade and investment:** Increased economic opportunities with SEPA countries.
* **Financial integration with the EU:** Closer financial ties with the European Union.

**Next Steps:**

The European Commission will now evaluate Moldova's application and make a recommendation to the relevant EU bodies on whether to grant membership.

**Uncertain Timeline:**

While Moldova has met certain legislative requirements, the timeline for potential SEPA entry remains unclear. Further reforms and adherence to SEPA standards might be necessary before a final decision.

Translation by **Iurie Tataru**