News

Data about the Activity of Moldovan Commercial Banks on July 31, 2025Dr. Sándor Csány: Being the 4th largest, OTP in Moldova will grow both organically as well as through possible mergers and acquisitions It seems to be a place, but it is notScott HOCKLANDER: For me, the persistence of Moldovan citizens is not only a learned lesson, but also a great exampleSorin MASLO: "The year 2022 was a turning point for the "Cricova" Wine Combine, the turnover increased by almost 25%"Deposit rates are at their peak. Market conjuncture or Why banks need individuals’ depositsValeriu LAZĂR: "If the state does not support business today, tomorrow it will have no one to collect taxes from.Chisinau Airport as a reflection of statehoodMonetary measures against non-monetary inflationBanks as the fulcrum of the economy: they have increased profits and are preparing for the challenges of the 2H 2022The Ministry of Finance and investors in the State Securities market at the peak of placement volumesThe banking market: turmoil and increased demand. No panicIs Moldova ready for the economic consequences of the war in the neighboring country?Are we heading for hyperinflation? It all depends on the correct diagnosis and the prescribed treatmentWhat is happening in the Government Securities Market and what does the National Bank have to do with it?The wine industry is on the verge of a revolution: Is the industry-specific law bankrupting enterprises? The trap for the oil products marketLászló DIÓSI: Foreign investments come to Moldova due to banking system stabilityWhen there is no program with the IMF, we issue are government securities ...Nikolay BORISSOV: “Acquisition of Moldindconbank is the best procurement in the Moldovan market, albeit the most risky one”Oil Ping Pong GamesBanking 2020 - pandemic, profitableWeird 2020: humility, depression, rebellion, accepting a new realityThe Hunger Games of the foreign exchange marketHow to tame liquidity?Veaceslav IONITA: The government killed the business, but flirted with the populationPeople and Business: Natural and Unnatural SelectionAlexandru BURDEINII: Being ethical becomes vital in business nowadaysMoldova’s Key Macroeconomic IndicatorsPrices at filling stations

The draft law on the reduction of bureaucracy for business will save about 50 million lei annually.

The draft law on the reduction of bureaucracy for business will save about 50 million lei annually.

During a press conference on Friday, Deputy Prime Minister and Minister of Economic Development and Digitalization Dumitru Alaiba presented the main provisions of the bill approved at a government meeting this week. The deregulation bill aims to reduce bureaucracy for entrepreneurs and covers several areas: labor relations, digitization, IT communication, state control of business activities, etc. The Ministry estimates that the measures provided in the bill will save businesses and citizens about 50 million lei a year. According to the draft, during the first 3 years of SME activity, any controls will have an advisory character, without sanctions or restrictive measures, except for cases when the control reveals a crime or when the inspected person repeatedly commits grave or very grave violations. In addition, the law will introduce the obligation to register the motivation note in the State Register of State Inspections and the obligation to provide "checklists". Thus, the type of inspection will be announced in advance and the number of unjustified, unannounced inspections will be reduced. At the same time, the controlled person will have the right to photo and video recording of the inspector's actions. The Executive Code will be amended to introduce digitalization of relations between bailiffs and commercial banks, which will reduce administrative costs and time costs. Changes will also affect labor relations. For example, the employer will no longer be required to grant vacation pay at least 3 days before the employee goes on vacation. This money can be paid on another mutually agreed upon day, but no later than the pay day for the month in which the vacation was granted. This amendment is intended to balance the rights and obligations of the employee and the employer. When hiring people who are going to work in the catering industry, medical examinations can be carried out in public or private medical institutions and the costs will be covered by the budget of compulsory health insurance. The document issued by the medical institution will replace the health book (so-called "blue passport" of health), which now provides for mandatory medical examinations for employment in hotel and restaurant business. The bill must be approved by the Moldovan parliament. // 10.03.2023 - InfoMarket.

News on the subject