News about Regulation

Businesses will be permitted to use electronic archiving services. Digitized documents will be accepted during tax, customs, and other inspections, as well as during audits. Afterward, the original paper documents may be destroyed, with the exception of documents subject to permanent retention and those included in the Republic of Moldova’s Archival Fund.

Representatives of Armenia’s ruling party have been informed of the situation surrounding FlyOne. Gaik Vartanean, a member of the Moldovan Parliament, urged them to closely monitor developments as the company undergoes inspections in Moldova.

The Competition Council imposed a fine of 683,000 lei on Labromed Laborator SRL for abuse of a dominant position. The company inflated the prices of breathalyzers, compatible mouthpieces, and related device calibration services in a market where consumers had no real alternatives. The difference between the purchase price and the selling price reached 490% for breathalyzers and 733% for mouthpieces. The gross profit margin on calibration services reached 1,039%.

Anthony Fauci, the former director of the U.S. National Institute of Allergy and Infectious Diseases, may face further investigation after refusing to answer more than 100 questions from Congress regarding the actions of U.S. authorities during the COVID-19 pandemic.

During a press conference today, Moldovan Prime Minister Vasile Tofan confirmed that the new fiscal and tax policy framework includes an increase in the income tax rate for banks from the base rate of 12% to 18%.          

The introduction of a 6% tax on the revenue of companies operating in the gambling industry, a 50% increase in excise taxes on e-cigarettes, a 20% increase on traditional cigarettes, and the imposition of excise taxes on soda, energy drinks, and fireworks—these measures have been proposed as part of a new tax policy. Prime Minister Vasile Tofan announced this during the presentation of the “Labor. Investment. Justice” project.

Moldovan Prime Minister Vasile Tofan announced an increase in the corporate income tax rate for banks and financial institutions from 12% to 18%. This measure, which increases the rate by 50%, will be temporary—lasting only one tax year as part of the 2027 budget and tax policy.

In Moldova, the thresholds within which residents may conduct foreign exchange transactions without permission from the National Bank of Moldova (NBM) will be raised from 10,000 to 100,000 euros, and from January 1, 2028, to 250,000 euros.

Former Los Angeles police officer Eric Heylem has been sentenced to life in prison plus 15 years for stealing $350,000 worth of cryptocurrency from a 17-year-old.

Foreigners with residence permits will be able to become members of credit unions. This will strengthen and expand their opportunities—including financial and economic ones—for integration in Moldova.

Investors who wish to obtain resident status in free economic zones will undergo a more clearly defined selection process with established criteria and stages. Contest participants will be able to submit multiple projects, appeal the results, and receive a complete list of required documents.

A bill has been drafted in Moldova regarding producer organizations and associations in the agro-industrial sector. It sets forth regulations governing the use of funds for financing agricultural programs.

Property transferred from state material reserves must be returned after use to avoid duplicate purchases. Prime Minister Vasile Tofan believes that the current practice leads to unnecessary expenses and proposes changing the rules to follow Romania’s example, where temporarily transferred equipment can be returned to the state reserves.

The “Alliance of Moldovans” party is calling for transparency in the appointment of the new Central Election Commission. Citizens have a right to know who will be organizing the next elections.

The government has approved amendments to the Law on Judicial Genomic Registration, which establish the legal framework for connecting the national DNA profiling system to European mechanisms for sharing the results of genetic analyses.

Romania’s interim Prime Minister Ilie Bolojan announced that automaker Automobile Dacia (a subsidiary of Renault) and the Turkish company Ford Otosan have suspended production at their local plants until August 19 in order to reduce electricity consumption, as the country is facing a severe power shortage due to historically low water levels in the Danube.

Olga Stefanishina, Ukraine’s former ambassador to the United States, has been charged with a new offense. This was reported by Ukraine’s Anti-Corruption Center. The court is set to determine the next pretrial measure, but the details of the charge have not yet been disclosed.

The EU has announced a new financial package for Ukraine.

Artificial intelligence and the widespread use of technology are posing new challenges for Moldovan citizens. The risks affect not only children and young people, but all age groups. President Maia Sandu stated that in September, the government will present proposals to mitigate the risks associated with the use of advanced technologies and their impact on children.

Moldovan President Maia Sandu urged citizens to use water and electricity wisely, warning that the drought and abnormally high temperatures in the region have exacerbated the resource crisis and increased risks to the country’s energy system.