News about Legislation

MPs were not satisfied with the report of the Chairman of the Competition Council, Alexei Gherțescu, on the progress in the implementation of the National Accession Program for the Internal Market Cluster, Chapter 8, Competition Policy, Logos Press reported.

The draft law on crypto-assets, to be elaborated by the end of the year, is one of the most “sensitive” for institutions supervised by the National Bank of Moldova (NBM). Its drafting is being assisted by an OSCE expert, Logos Press reported.

President Maia Sandu met in Chisinau with a delegation of US senators, with whom she discussed bilateral cooperation, the situation in the region and sanctions against Russia, Logos Press reported.

The chairman of the parliamentary commission on economy, budget and finance, Radu Marian, urged the institutions “not to put the horse ahead of the cart” and not to adopt EU regulations earlier than they are agreed upon in the EU itself, Logos Press reported.

Tallinn, together with Kiev, is preparing steps regarding the seizure of Russian assets in Estonia, Logos Press reported citing RBC.

The Polish Foreign Ministry has warned that consular assistance to Polish citizens may be limited due to the reduction of diplomatic staff in Russia. Poles in Russia were advised to leave the country, Logos Press reported.

The actual launch of the optional pension fund will only take place after the capital market mega-regulator approves the creation of the National Pension Savings Management Fund (NPSMF), which also includes the appointment of a fund depositary and the approval of an optional pension prospectus, according to Logos Press.

Against the backdrop of slowing economic growth, a lack of long-term capital and intense competition for investment between countries in the region, Moldova clearly needs new sources of capital inflows into the real economy. One potentially effective instrument is the investment residence permit.

The government’s actions in terms of preparing local government reform have nothing to do with people’s welfare or financial efficiency, according to Logos Press.

The European Consumer Center in the Republic of Moldova has recorded a record in terms of speed of complaint resolution: the appeal of a citizen of the country to the seller from Canada was settled in just 12 minutes, reports Logos Press.

Moldova plans to create a mandatory mechanism of urgent response to cases of identification of children at risk at state border crossing points, Logos Press reports.

Moldova is preparing a legal framework for the entry of European companies (Societas Europaea), which are established in accordance with the norms of the European Union corporate law, Logos Press reports.

The inflation rate in Moldova has fallen below 4% and the indexation of pensions will amount to about 6%, Logos Press reports.