In January-November the revenue of Moldova’s state budget was MDL 24 billion 953 million, down by 0.9% YoY (MDL 234.7 million). The State budget expenditures were MDL 28 billion 230.5 million, up by MDL 1 billion 674.6 million or by 6.3% YoY, the Ministry of Finance informs. As a result, the state budget deficit amounted…
In January-November Moldova’s internal state debt increased by MDL 14.47 million (3 times) to MDL 21 billion 695.7 million. The increase was caused by the rise in state securities to be placed on the primary market by MDL 1 billion 129 million and the issue of state securities worth MDL 13 billion 341.2 million for…
This is provided for by the methodology for appraisal of quality of milk and dairy products approved by the government. It comes into effect in 2 years after being published in Monitorul Oficial. The methodology aims at bringing the agriculture and rural development framework in Moldova into compliance the EU standards and norms. According to…
A special commission to assess and re-demarcate the cultural and national heritage sites of the Cricova winery has been created. The commission is headed by Deputy Minister of Agriculture and Food Industry Vasile Luca. Its members are to re-demarcate the galleries, underground vaults, including tasting rooms, and adjoining areas of the Cricova quarry and take…
The MPs have approved of the amendments to the law on Road Fund and the law on local public finance in line with which the money for maintenance of local roads is to be diverted to local budgets by clear and transparent criteria. 50% of the incomes generated by the road toll is to be…
Cabinet approves of the concession of the right to prospect oil and gas deposits in the south of Moldova to Frontera Resources International, the USA. The Cabinet took this decision at the request of the Ministry of Environment of Moldova taking into account that the company had won the international tender for geological prospecting of…
Excise taxes on oil products in Moldova will increase more than expected in the next three years. This is stipulated by the fiscal policy for 2017 passed by the Parliament of Moldova in the final reading. In particular, in 2017 the excise rate was going to grow from MDL 4,137 to MDL 4,503 per ton…