National Bank raises base rate to 11% to fight inflation
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The National Bank increased its base rate by two percentage points to curb rising prices, just as the government prepares staff reductions and labor code changes to stave off bankruptcy. While the Tofan administration manages its fiscal crisis, over 305,000 households have applied for energy subsidies to survive the winter.
Two investigations into placement centers in Bălți and Cocieri have detailed inhumane conditions and allegations that staff offered protection to residents in exchange for sexual favors. These reports follow separate findings on the sexual abuse of a young woman with disabilities, adding to a series of scandals involving the treatment of the country's most vulnerable.
The head of the Falesht police and a passenger died in a car crash. In Gordinești, authorities identified a downed drone as a non-explosive 'Gerbera' model. Elsewhere, the National Bank suspended the payment provider BPAY for six months, while the Agency for Public Property admitted only 20 of the country's 76 state enterprises are currently profitable.