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IN 2012 THE FLAT RATE OF EXCISES ON CIGARETTES HAS DOUBLED IN MOLDOVA

01-02-2012

According to the fiscal policy for 2012, in particular, starting from January, 1, the flat rate of excises on tipped cigarettes has grown from 10 to 20 leis for 1 thou. of cigarettes, with its ad valorum component, that is the interest rate from the customs value of the good) has increased from 18% to 24%. The flat rate of excises on non-tipped cigarettes has grown from10,5 to 20 leis for 1 thou. of cigarettes. In the end of December, 2011, as debating on the fiscal policy for 2011, Oleg Reidman, a member of the parliament of the CPRM faction, suggested to raise the flat rate of the cigarette excise to 50 leis, with its ad valorum component being established at 15%, but no less than 100 leis for 1 thou. of cigarettes. MPs agreed to consider this matter at one of the first sittings of the new session of the parliament. Prime-minister has said that the government is ready to examine proposals on changing the excise rates and added that the cabinet supports them if the possibility of higher receipts into the state budget will justified by figures. Since April, 1, 2011, the flat rate of the excise on tipped cigarettes has been raised from 6,6 to 10 leis for 1 thou. of cigarettes, whereas its ad valorum component being raised from 12% to 18%. The rate of the excise on non-tipped cigarettes has increased from 7 leis to 10,5 leis. Moldova has been said to raise excises on cigarettes every year so that to have them complies with the European standards.

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  • 18-05-2012

  • INDUSTRIAL PRODUCTION DECREASED 3,4%. IN JANUARY-MARCH, 2011 IN MOLDOVA AS COMPARED WITH THE LIKE PERIOD OF 2010

    17-05-2012

    According to the National Bureau of Statistics, the volume of industrial production declined 4,5% in March, 2012 as compared with March, 2011 The decline in industrial production was explained by 9,1% lower production in the mining industry, by 3,1% lower production in the processing industry and the 3,8% less production in the energy sector.

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  • THE SALES TURNOVER OF RETAIL ENTERPRISES GREW 19,6% IN MARCH, 2012 AS COMPARED WITH FEBRUARY

    17-05-2012

    According to the National Bureau of Statistics, this is 1,2% up as compared with the same period of 2011. In Q1, 2012 the sales turnover of enterprise with retail sales as their primary business line grew 4,4% in comparable prices against numbers of Q1, 2011. The sales turnover of enterprises rendering market services to population increased 18,9% as compared with the previous month and 3,4% as compared with March, 2011. In Q, 1, 2012 their turnover increased 3,7% in comparable prices as compared with Q1, 2011.

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  • THE EUROPEAN COMMISSION HIGHLY APPRECIATES PROGRESS AND PROSPECTS OF MOLDOVA ON ITS WAY TO THE INTEGRATION INTO EUROPE, -HEAD OF EC DELEGATION IN RM DIRK SCHUEBEL

    17-05-2012

    As presenting an annual EC report on implementation of the European Neighboring Policy, realized since 2011, at a press-conference on Tuesday, he said that within the last year Moldova achieved significant progress in lots areas and stands a chance to be given a “chunk of the pie” from the budget assigned by EC for realization of ENP.

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  • THE AVERAGE WAGE IN THE ECONOMY OF MOLDOVA MADE UP 3273,5 LEIS IN MARCH, 2012, 9,7% UP AS COMPARED WITH MARCH, 2011

    15-05-2012

    Adjusted to inflation, it grew 4,1% in real terms. The average wage was2957,5 leis if the budget sector and 3423,6 leis in the real sector, growing 11,9% and 8,8% respectively. According to the National Bureau of Statistics, the highest average salary was paid to workers of the banking sector and made 7214,8 leis(+15,6% against March, 2011).

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