Social and regulatory developments in Romania and Moldova

In Romania, regulatory efforts have focused on reorganizing the National Archives to address salary inequalities. A proposed modification to Government Decision no. 1376/2009 aims to change the status of county-level services so employees are salaried at the central apparatus level, following legal disputes regarding improper compensation.

In Moldova, the National Bank has initiated consultations to amend regulations for auditing insurance and reinsurance companies, specifically regarding solvency requirements and asset evaluation.

Broader social and financial challenges have also been identified in both nations. Moldova faces a critical shortage of sign language interpreters, with only approximately 20 authorized professionals available to serve thousands of people with hearing impairments, impacting their access to medical, legal, and financial services. In Romania, research indicates a gap in financial preparedness, as 60% of citizens feel unprepared for significant budget-affecting situations due to the rising cost of living and a lack of savings.