The team of the EU project “Strengthening supervision, corporate governance and risk management in the financial sector” interacted with the visitors of the European Village in Chișinău

The team of the EU-funded twinning project “Strengthening supervision, corporate governance and risk management in the financial sector” participated jointly with representatives of the beneficiary institutions – the National Bank of Moldova (NBM) and the National Commission for the Financial Markets (NCFM), to the traditional “European Village” held on 13 May this year in Chișinău, in the Great National Assembly Square, and raised the public awareness in the Republic of Moldova on the culture and values of the European Union.   

Under the umbrella of the twinning project, the beneficiaries of the European Union assistance – the NBM and the NCFM organised various interactive activities and thematic quizzes, including with involvement of teenagers, during which participants had the opportunity to test their knowledge in the financial sector and the EU. A special attraction in the European Village was the unique exhibition of commemorative coins made of gold and silver, presented by the NBM. The winners and the most active participants received coin kits from the NBM as well as visibility materials from the twinning project.    

At the same time, the twinning project team, alongside the NBM and the NCFM took the opportunity to present to the public at large the EU support provided to the Republic of Moldova through this project. In this context, it was presented information both on the objectives and project results, as well as on the ongoing technical assistance activities of the NBM and NCFM aiming to further developing and reforming the financial sector in the Republic of Moldova in line with EU best practices.  

The objective of this project is to strengthen supervision, corporate governance and risk management in the financial sector and is implemented by a consortium formed by Banca Națională a României (BNR), De Nederlandsche Bank (DNB) and Lietuvos bankas (LB) with the support of the Financial Supervisory Authority (ASF) and the National Authority for Consumer Protection (ANPC) from Romania. The project has a duration of 30 months and an allocated budget of almost 1.73 million euros.