Moldova

Location:
- Eastern Europe.
- Neighbours: Romania, Ukraine.

Climate:
- moderate winters, warm summers.

Natural hazards:
- landslides.

Currency: Leu
Code: MDL
Since: 1993

Exchange rates at December 31st:

1 EUR = 19.5212 MDL (December 31st, 2018)
1 EUR = 20.4099 MDL (December 31st, 2017)
1 EUR = 20.8895 MDL (December 31st, 2016)
1 EUR = 21.4779 MDL (December 31st, 2015)
1 EUR = 18.9966 MDL (December 31st, 2014)
1 EUR = 17.9697 MDL (December 31st, 2013)
1 EUR = 15.9967 MDL (December 31st, 2012)
1 EUR = 15.0737 MDL (December 31st, 2011)
1 EUR = 16.1045 MDL (December 31st, 2010)

Sources:

Flag

source: Wikimedia Commons

Location map

author: OCHA/ReliefWeb

Statistics

Moldova FY2018 Market Portfolio

Moldova FY2018 Rankings

See all statistics

Latest news

The profit of the insurance companies Moldova fell to a third

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2019-04-01

STATISTICS: MOLDOVA, FY2018: the market growth in euro almost doubled its growth in local currency

Moldovian insurers ended 2018 with GWP growth of 5.29% in local currency and by 10.08% in euro, by generating EUR 77.77 million in GWP.

2019-03-21

Hungary's OTP to buy majority stake in Moldova's Mobiasbanca

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2019-02-10

STATISTICS: MOLDOVA, 3Q2018: motor insurance keeps more than 70% of the market

Insurance market of Moldova as of the end of September went up by 2.27% y-o-y. At that, thanks to the favorable exchange rate evolution against euro, the market growth in European currency amounted to 7.36% (GWP of EUR 55.27 million).

2018-11-29

STATISTICS: MOLDOVA, 1H2018: the market's growth in euro is two times higher than in local currency

In 1H the Moldovan market generated MDL 705.71 million of GWP (EUR 36.14 million), 6.39% more y-o-y, at that the market's growth in euro was twice as higher (12.82%), according to the official data published by the National Commission of the Financial Market in Moldova (CNPF).

2018-08-20

STATISTICS: MOLDOVA, 1Q2018: the local market's growth after 3 months amounted to 7%

In 1Q2018 the Moldovan market generated MDL 332.1 million, which is 7.01% more y-o-y in local currency, according to the official data published by the National Commission of the Financial Market in Moldova (CNPF).

2018-05-23

MOLDOVA's top banks, insurers up for sale

Major stakes in top two banks and three major insurers have been confiscated after illegal coordination by shareholders detected, but no buyers have come forward, leaving Moldova's financial sector in limbo.

2018-04-26

STATISTICS: MOLDOVA, FY 2017: GWP increased by 6.9%

In 2017 Moldovan insurance market produced GWP in the amount of EUR 70.6 million (MDL 1.5 billion), 6.9% up y-o-y, according to the final data of the Supervisory Authority (CNPF), centralized by the specialized portal www.xprimm.md.

Claims paid by the companies decreased by 2.15% y-o-y and reached EUR 24.9 million (MDL 507.97 million).

2018-03-29

Exclusive: Preliminary results of the Moldovan insurance market in 2017, find out here the ranking of the companies

Moldovan insurance market produced GWP in the amount of EUR 70.6 million (MDL 1.5 billion) in 2017, 4.8% up y-o-y, according to the preliminary data of the Supervisory Authority (CNPF), centralized for the first time by the specialized portal www.xprimm.md.

2018-03-01

STATISTICS: Moldova, 3Q2017: GWP up by 5.2%, while claims slowly decreased by 0.84%

GWP collected by Moldavian insurers totaled MDL 1,067.96 million and went up by 5.26% compared to the similar period of 2016, according to the official data published by the National Commission of the Financial Market in Moldova (NCFM).

2017-12-07

Rep. of Moldova: MTPL tariffs could be liberalized gradually while insurers' capital could reach MDL 1.8 billion lei according to NCFM strategy

Until 2022, the volume of insurance reserves and the insurers' capital must reach the level of MDL 1.8 billion each, the development strategy developed for the following five years by the National Commission of the Financial Market in Moldova (NCFM) for the non-banking financial market envisions.

2017-11-16

Main conclusions: The Insurance Conference - Republic of Moldova

One of the most important annual events dedicated to the regional insurance market, The Insurance Conference - Republic of Moldova, took place on 10 October in Chisinau, gathering over 120 professionals from Moldova, Romania, Russia, Ukraine, Holland, Germany, The Czech Republic, Poland, Croatia and Latvia.

2017-10-12

STATISTICS: Moldova, 1H2017: GWP up by 5.62%; changes in the market hierarchy

Total GWP collected by Moldavian insurance companies in 1H2017 have reached to MDL 663.35 million, up by 5.62%, according to data published by the National Commission of the Financial Market in Moldova (NCFM).

2017-09-07

MOLDOVA: In 1H2017, the pre-tax profit of insurers was MDL 33.8 million, one third amore y-o-y

The incomes of the insurers increased 0.9% year-on-year to MDL 1 billion 093.3 million. The incomes from insurance activities proper were MDL 978.5 million, up 14.4% year-on-year. The expenses of the insurance companies grew 8.2% to MDL 1 billion 059.5 million.

2017-08-22

STATISTICS: MOLDOVA, 1Q2017: Local insurers' business grew by 10.22% in the beginning of 2017

In 1Q2017, the total GWP collected by Moldavian insurance companies have reached to MDL 310.33 million, up by 9.12% y-o-y, according to the official data published by the market watchdog.

2017-06-22

STATISTICS: MOLDOVA, FY2016: Growth supported by the MTPL rates

The total GWP by Moldova's insurance companies increased by 9.67%, to MLD 1,347.04 million (EUR 64.48 million) in 2016, according to the official data published by the supervisory authority - NCFM.

2017-04-06

MOLDOVA: Two Moldasig shareholders, forced by the NCFM to sell their shares

The National Commission of Financial Market (NCFM) has decided to sanction two shareholders of the insurance company Moldasig. Thus, the "WESNA" L.T.D. (4.99% share) and "ERWA" Limited (4.98% share) shareholders, have 3 months to sell their shares.

2016-12-20

MOLDOVA: Eight insurance companies risk losing their license

The National Commission of Financial Market (NCFM) has warned eight insurance companies from Moldova, that they could remain without license, because of the irregularities detected.

2016-12-05

STATISTICS: Rep. of MOLDOVA, 3Q2016: GWP up by 11.58%, exceeding MDL 1 billion

In 3Q2016, the total GWP collected by Moldavian insurance companies have exceeded one billion MDL, up by 11.58% compared 3Q2015, according to the official data published by the National Commission of the Financial Market in Moldova (CNPF).

2016-11-24

MOLDOVAN insurance companies fined by NCFM

Most of Moldovan insurance companies were fined by the National Commission of Financial Market (CNPF). The sanctions were imposed because they have not met the deadline for payment of compensation and preparing the minutes on prejudice.