The Moldovan government has approved the draft law on combating late payment under contracts
In particular, the Cabinet of Ministers approved the draft law on combating late payment obligations under contracts concluded between professionals and public authorities. The document contains a number of provisions aimed at developing specific solutions and creating a predictable and stable legislative framework for all economic agents. As noted by the Ministry of Economic Development and Digitalization, timely receipts help entrepreneurs maintain their business. Thus, businessmen will gain predictability, and payments will be received on time. In addition, unjustified delays will be curbed by the introduction of interest for late payments and compensation, which will ensure fair compensation to victims. This will allow small and medium-sized enterprises to continue their activities without fear of running out of money. As for the public sector, this bill will improve the efficiency of public finance management, debt will not accumulate due to late payments, and the authorities will be able to fulfill their obligations on time. "Thus, we can talk about more efficient and accountable public administration, which will benefit all citizens of Moldova. The approved draft law will ensure a stable, fair and equal business climate that will support the country's economic development, help attract new investments and facilitate the country's integration into the European Union," the Ministry of Economic Development and Digitalization said.// 15.01.2025 – InfoMarket.
