News
Bulletin Nr.1, 2012
International relations
U.S. Embassy will hold workshop on doing business in Transnistria
The U.S. Embassy to Moldova intends to hold a special workshop in Tiraspol on doing business with representatives of American business circles.
The statement was made by William Moser, Extraordinary and Plenipotentiary Ambassador of the U.S. to Moldova, at a meeting with Yevgeny Shevchuk, president of the unrecognized Transnistrian Moldovan republic (PMR). The Ambassador said the U.S. implements in Moldova an agriculture assistance program, namely on agri-industrial sector competitiveness development and on agricultural transition to high value added.
Shevchuk welcomed Embassy's initiative, adding that he is interested in agricultural development.
"Agrarian sector is very important for Transnistria, especially in the respect of population's employment and production of domestic goods. We provide for recreation of a ministry of agriculture that will carry out systemic examination of these problems, especially in the respect of cooperation with foreign partners to make investment climate more active", Transnistrian leader said.
Businessmen of Ukraine are interested in investing in Moldova, - Viktor Yanukovich
The President of Ukraine has stated this during this meeting with Acting President of Moldova Marian Lupu in Kyiv, where the parties have discussed further strengthening and deepening of multidimensional cooperation between Moldova and Ukraine focused on the development of trade and economic relations. Marian Lupu has noticed the strategic character of relations between Moldova and Ukraine and emphasized that the neighboring country is third important external economic partner of Moldova. In 2011 the bilateral trade between Moldova and Ukraine reached $904,4 mln, 27,1% up as compared with 2010.
During the meeting the parties have discussed problems of energy security and appraised activity of Moldovan-Ukrainian intergovernmental commission on trade and economic cooperation. Viktor Yanukovich has confirmed the willingness of his country to be an active participant of discussions on demilitarization of the region of Transdniestria and conversion of the format of the present peacekeeping operation at the Dniester.
Business and economy
Moldovan parliament adopts 2012 state budget
The parliament approved the 2012 state budget in the final reading today. The parliamentary opposition of the Party of Communists (PCRM) did not back the draft, describing the latter as anti-state and anti-social.
After more hours of discussions within the commission for economy and budget, the MPs of the ruling Alliance for European Integration (AIE) reached a consensus on the amendments proposed to the draft state budget for 2012.
The PCRM faction demanded that the budget law document be withdrawn and repeatedly considered in commissions. The Communists reasoned that the some figures were changed before the final reading today. "Sums meant for the repair of buildings from the Ocnita district (northern Moldova) were removed. Where this money is, and why the figures were amended in the last moment?" PCRM lawmaker Violeta Ivanov said.
Communist MP Oleg Reidman severely criticized the draft too. "The lawmakers distributed the money to the districts that support them, whereas the others were deprived of budget sources necessary to repair buildings and roads," Reidman noted.
The MPs turned down the PCRM's proposals to withdraw a part of the money earmarked in the budget for the parliament, in order to increase the students' scholarships and for investments in youth programmes.
Under the budget, revenues worth 21.367 billion lei are planned in the 2012 budget, - up by 2.28 billion lei or 11.9 per cent against 2011. Expenses amounting to 22.164 billion lei are scheduled for the next year, which is by 1.81 billion lei or 8.9 per cent more against 2011. The budget deficit will stand at 797 million lei or 0.9 per cent of the Gross Domestic Product.
Authorities of Moldova oblige the companies who's turnover exceeds 2 mln. leis to establish pos-terminals
This is stipulated by the draft law about the fiscal policy for 2012 passed by the parliament in the first reading. Since June, 1, 2012 economic entities (with the exception of small retail chains) whose sales turnover within the preceding calendar year has exceeded 2 mln. leis must set POS - terminals in their headquarters and the subdivisions in which the sales turnover has exceeded 500 thou. leis within the period mentioned and to ensure the possibility to execute payments by using POS-terminals.
This requirement does not cover cases when economic entities performing payments via banks (excluding commercial banks) or the entities are operating in the villages others than those of municipalities and cities.
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