Menu

Login

Polls

What is your forecast for the business development in Moldova in 2012:

Banners

All news

News


THE GROWING FISCAL BURDEN CREATES UNFAVORABLE BUSINESS ENVIRONMENT, - CHAIRMAN OF THE NATIONAL CONFEDERATION OF PATRONAGES OF MOLDOVA LEONID CERESCU

23-01-2012

As Leonid Cerescu chairman of NCPM has said during the Friday’s press conference covering the crisis of the social dialogue and policies discriminating business, higher taxes create prerequisites for economic entities to withdraw into shadow, for reduction of jobs, suspension of companies’ activities. According to him, higher taxes will contribute few into the budget, contrary to expectations of the governing Alliance. The portion of shadow economy grew by 4 p.p. in 2011 to 27%, and may exceed 30% in 2012, Evghenii Roscovan, chairman of the Association of Small business has noted. Small and medium–sized business are especially vulnerable: their share in the total number of companies reduced by 1 p.p. to 97,7% within few years. There has been a constant decline in the entrepreneurial activity: in 2007 it was registered over10 thou. of enterprises and closed over 1 thou; in 2011 it was registered about 6 thousand of enterprises, with about 4 thousand being closed. According to Vladimir Florea, vice-chairman of NCPM, the problem of adopting non-friendly business policies is that nobody is responsible for decision making and nobody takes into account proposals and recommendations of NCPM. For example, economic entities have not been consulted on consequences of introduction of different taxe rate for different groups: the flat rate of the income tax at 12% for legal entities, 7% to 8% for sole proprietors and 7% for farms. As InfoMarket has already reported, the fiscal policy for 2012 and the amendments to the Law about allowances for temporary incapacity for work and other benefits of social insurance also stipulate introduction of the flat simplified tax rate for small business at the amount of 3% from incomes received from operating activity and employers’ obligation to pay for three days of a sick leave of an employee instead of one.

InfoMarket


Other news

  • 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.

    Details

  • 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.

    Details

  • 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.

    Details

  • 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).

    Details
Developed in the company
© 2003-2009, Timpul. All rights reserved. Full or partial copying of materials prohibited,
a resource.