The Republic of Moldova’s victory in the international arbitration case against the companies RTI Rotalin Gas Trading AG and Rotalin Gaz Trading SRL, which had claimed 471.6 million lei in compensation from the state, plus interest, is among the achievements of the first 100 days in office of the Government led by Vasile Tofan. This outcome is mentioned in the ‘Justice and the fight against corruption’ section of the Government’s official report.
The German automotive components manufacturer Draexlmaier will close its automotive cable production plant in Zrenjanin, in northern Serbia, by the end of March, as the company has been unable to secure new projects for the facility.
The fourth edition of the AmCham METRIX (Moldovan Economic Transformation and Reform Index) revealed a deterioration in entrepreneurs’ assessments of the economic situation in Moldova. Businesses are feeling increasing pressure due to regulatory requirements and rising financing costs.
Parliament voted in the second reading in favour of a bill harmonising the regulatory framework for small and medium-sized enterprises (SMEs) with European legislation, which will enable them to have greater access to support programmes and instruments.
The luxury property market in central London is experiencing a prolonged downturn. Owners are being forced to lower prices to find buyers: in the most prestigious areas, property prices have fallen by almost a third compared with their all-time highs.
The Purcari Group of Wineries is expanding its portfolio in the premium segment with the launch of the Purcari Parcela collection, which comprises 14 single-varietal wines and a sparkling wine.
A bill providing for tax and customs exemptions for 43 specialised vehicles and equipment required for the development of the ‘MD-ALERT’ system was passed today by MPs in its final reading.
On 4 November, the Border Police announced the start of construction work at the Canine Centre. The project aims to develop the institution’s capacity and improve surveillance and control activities at the state border.
The Government is preparing a new organisational structure for the aircraft kerosene supply market at Chișinău International Airport, which will allow access for at least two or three operators. Prime Minister Vasile Tofan believes that the current mechanism, in which the state is involved in the supply of fuel, is a temporary solution, and that the development of the infrastructure should be carried out, as far as possible, through private investment.
“Staff skills matter, but if we want to make a qualitative leap rather than a gradual one, we need investment in technology,” emphasised Marcel Spatari, Chair of the Parliamentary Committee on the Economy, Budget and Finance, during the AmCham METRIX presentation.
