July 2, 2025 – Representatives of banks, fintech companies, and telecommunications firms met at the Economic Council to discuss legislative updates from the latest digital package, approved by Parliament on June 19, 2025.

Two major amendments to the Law on Banking Activity and the Law on Public Services were debated, allowing private operators to establish and operate turnkey service platforms for business development. Private companies will be able to integrate in one place both public services (offered by the Public Services Agency and other state entities) and business services provided by other companies: from company registration, bank account opening, obtaining digital signatures, accounting and compliance support, participation in public procurement, exports, subsidies, to business financing, loans, business partnerships and franchise procurement, courier services, online stores, branding, HR, trainings, etc.

In short – turnkey businesses in a minute, and if public institutions cannot cover everything, private companies will now come to the rescue! Natalia Selevestru, State Secretary within the Ministry of Economic Development and Digitalization, emphasized the importance of these legislative changes for the digital transformation of the Republic of Moldova’s economy. She explained the benefits of these new tools regulated under the Legislative Package supporting the digital economy and electronic services, recently adopted through Law no. 144 of June 19, 2025. She also mentioned that the drafting and promotion of this legislative package was initiated on the platform of the Economic Council and benefited from the support of the European Bank for Reconstruction and Development (EBRD), the German Agency for International Cooperation (GIZ), with involvement from the ICT Association of Moldova.

Ion Lupan, Head of the Secretariat of the Economic Council, detailed other provisions of this legislative package, highlighting that these represent modern instruments essential for digitalizing the economy and creating a more business-friendly and efficient environment, with broad financial and digital inclusion. Among the approved measures is the possibility to withdraw cash directly from POS terminals at all commercial units, such as stores and gas stations, facilitating financial inclusion of the population in areas without ATMs and in villages. Also, the ceiling for currency repatriation by entrepreneurs was increased from 1,000 to 100,000 lei to support e-commerce. The electronic fiscal receipt was introduced, no longer mandatory in printed form, and opening foreign currency accounts abroad was simplified, including for online exports. The package also includes provisions regarding the activity of digital nomads in Moldova, as well as facilitating remote identification of clients from the European Union through electronic means, supporting investments and the diaspora, who will thus have easier access to services in the country.

Nicoleta Colomeeț, Director of the Electronic Governance Agency (AGE), spoke about the remote identification project – eKYC, which will allow secure and rapid remote identification of individuals for citizens and businesses alike, especially banks, notaries, and public institutions. She noted that the platform is already under development with support from the Economic Council and the World Bank, and will eliminate bureaucracy, save time and money for citizens and entrepreneurs, as well as increase trust in digital services. Nicoleta Colomeeț emphasized that this tool is essential not only for the financial sector but also for other economic and social fields, as it will facilitate access to public and private services through a single remote identification and service solution.

Petru Rotaru, First Deputy Governor of the National Bank, welcomed the legislative innovations presented and mentioned that banks are closely monitoring these developments in the digital economy sector with great interest. He also urged authorities and entrepreneurs to implement all new digital tools with maximum caution regarding personal data security and protection of clients’ sensitive information. During the meeting, similar projects for developing integrated service platforms for business development were also presented, both from Romania – STUP.ro developed by Banca Transilvania, and from the Republic of Moldova – One-Stop Public Service Centers developed by AGE.

The experience of these models will be widely used in developing new offers for entrepreneurs, especially for those starting business activities and needing support and guidance. Moldova needs as simple conditions as possible for launching and developing businesses, to ensure as many jobs and economic prosperity as possible. The private sector can and must get involved to make this process friendly for everyone.

The Secretariat of the Economic Council to the Prime Minister is supported by the European Bank for Reconstruction and Development, funded by the UK Government’s Good Governance Fund.