News

When there is no program with the IMF, we issue are government securities ...Data about the Activity of Moldovan Commercial Banks on March 31, 2021Nikolay 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 populationIs it possible to combine the health care of the nation and budget revenues from bad habits?People and Business: Natural and Unnatural SelectionAlexandru BURDEINII: Being ethical becomes vital in business nowadaysValeriu Lazar: The biggest stupidity one can do now is to fire peopleMarin CIOBANU: We are creating opportunities for business development in Moldova, not only in free economic zones2019: three steps forward, two steps back.Plamen MILANOV: 13 persons became millionaires in Moldova within a year due to the lotteryVictor SHUMILO: The sale of hybrid cars exceeded the sales of cars with traditional fuels in 2019."Bewitched by the "Annus Mirabilis". The main events of 2018 Trucks will be able to cross the Moldovan border much quickerAbout the "second coming" and control over the banking system of MoldovaPrivatization of Air Moldova: 2000 vs 2018. To find 10 differences!The Head of USAID Office in Moldova Karen Hilliard: "We promote the idea that winemaking and tourism are integral whole"The Secrets of the Moldovan Foreign Exchange Market - 2017 15 years of leasing business in Moldova: through diversification to expansionMoldovan Leu vs Geopolitics. How does the currency rate interplay with government, entrepreneurs and world’s processes?10 years ago construction of the Trans-Oil terminals in Giurgiulesti port startedDoes it take $200 million out of consumers' pockets to implement European Directives? Who protects the new edition of the law on internal trade?State Securities Market 2014-2016: The Ministry of Finance calculates the losses, investors - income.It will affect each and every one and you won’t find it funny.A careful attempt to pass the dead zoneT-Bills market: The Ministry of Finance is chasing for money, investors - for profitability. Both should be ready for any scenario.The money that can be washed…Phoenix with the Arab capitalMoldova’s Key Macroeconomic IndicatorsPrices at filling stations

The Parliament of Moldova is preparing to consider in the second reading a draft law on a new methodology for calculating prices for basic oil products.

The Parliament of Moldova is preparing to consider in the second reading a draft law on a new methodology for calculating prices for basic oil products.

This was reported by the press service of the supreme legislative body, noting that the Commission on Economy, Budget and Finance at a meeting on Thursday approved a report on the draft amendments to the Law on the Oil Products Market, which provide for the establishment of new general rules for the calculation and application of prices for basic oil products. The bill was introduced as a legislative initiative by a member of the commission, an independent deputy Alexandru Oleinic. He called the amendments to the Law on the Oil Products Market, introduced by the parliament in July 2018, which left the determination of prices for oil products to importers and sellers of oil products, unreasonable. The new initiative is aimed at ensuring the most fair prices for gasoline and diesel fuel, taking into account fluctuations on international and regional exchanges (Platt`s). Prices will be calculated for 1 liter, separately for each type of product and imported batch. The suggested frequency of recalculation is 14 days. According to the author of the initiative, the bill will lead to the creation of a fairer competitive environment in the market, especially in relation to small companies, since price regulation will exclude potential abuse by large operators by actually dictating prices and, accordingly, excluding unfair competition (with the characteristics of cartel agreements). As InfoMarket reported earlier, the Foreign Investors Association (FIA) earlier in a letter addressed to the country's parliament, noted that the proposed amendments to the Law on the Oil Products Market will lead to a reduction in imports of oil products and threaten the supply of fuel to Moldova. The letter says that the bill, which was adopted by the parliament in the first reading, does not take into account all the decisive factors for the formation of an adequate price for basic oil products and liquefied gas. For example, higher coefficients are not taken into account when purchasing fuel of the EURO 5 category. Importers of this fuel will be placed in economically disadvantageous conditions and will have to sell more expensive goods at a reduced price. As a result, it will be more profitable for companies to refrain from selling diesel fuel of the EURO 5 category. The Argus DAF Brest quotes used in the draft law cannot be applied, since no importer in Moldova buys liquefied gas at such prices. Moldovan companies import most of all from Russia, Kazakhstan and Romania, so it is more expedient to use the quotes Argus DAF Ukraine (eastern border of Ukraine) or Argus RBS (Romania, Bulgaria, Serbia). Moreover, from April to September each year there is a shortage of liquefied gas, therefore, to cover the needs, this type of fuel is purchased from Russia at a fixed price. Accordingly, situations may arise when the purchase price of liquefied gas will be higher than the quotations of Argus DAF Brest. The FIA also notes that the maximum retail prices for basic petroleum products cannot be determined separately for each imported batch, since sometimes up to 100 import operations are carried out. It is noted that it is necessary to clarify the specific commercial margin, since it does not cover the cost of transporting petroleum products; important economic indicators are not taken into account (discounts provided by companies, the cost of stocks of petroleum products in warehouses, the annual increase in salaries and payments to compulsory medical insurance and social insurance funds, an increase in local tax rates, etc.), etc. FIA member oil importers have also asked parliament to ensure transparency and invite market participants to all public consultations, working group meetings and technical meetings on project implementation. // 08.04.2021 — InfoMarket

News on the subject