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Economy

2008 fraudulent scheme of energy import involved President Dodon and Socialist leader Greceanîi

Recently, a group of energy security experts presented the results of an investigation into a scheme of energy import in Moldova that appeared in June 2008 during the premiership of Zinaida Greceanîi and ministership of current President Igor Dodon.

Moldova reportedly started in June 2008 to buy electrical energy from Ukraine 10% more expensive than in May that year: 4,4 USD cents/kWh. Then Economy Minister Igor Dodon qualified the move as “successful”, warning that Ukraine wanted an increase of 50%, but in reality, a Hungary-based intermediary company, Energo-Partner Kft, was included in the energy import scheme.

According to the experts, almost all electricity in 2008 was imported from Ukrintenergo at the price of 3,9 USD cents/kWh. In May 2008, Energo-Partner Kft comes in the scheme and overtakes 30% of the import with a 5,3 USD cents/kWh. In July 2008, the Hungarian company even managed to increase its share to 72%, and in October same year, it increased the price to 5,8 cents/kWh. Current Socialist leader and MP, then Prime-Minister Zinaida Greceanîi, made responsible for negotiating the energy import price the current President Igor Dodon (then Economy Ministry), Alexandr Gusev (then director of state energy company Energocom) and Marcu Rîmîș from Moldelectrica.

The experts estimated that Moldova overpaid some 14,5 million US dollars (2 million per month) in 2008 because of the intermediary’s price for imported energy. Thus, they ask the Prosecution Office of Moldova to investigate and appreciate the actions of Igor Dodon, Zinaida Greceanîi, and Alexandr Gusev in 2008, actions that led to increased prices for the same electrical energy from Ukraine.

President Dodon previously declared for TV7 that he doesn’t have more knowledge of the 2008 schemes than from the press, calling the contract with Ukraine very advantageous, but not mentioning the intermediary Energo-Partner Kft.

Currently studying International Relations at the University of Pécs, Hungary. Study focus: Transnistrian conflict settlement, Moldovan statehood, Moldovan democracy. Inquiries at [email protected]

Economy

“State secret”: Finance Ministry refuses to publish EU letter “appreciating Moldova’s progress” on €100 mln. pact

22 May 2018- Newsmaker.md was refused by the Finance Ministry to obtain a copy of the letter of the European Commission on the fulfillment of the first 10 priority actions, necessary for disbursement of the €100 million fund.

Signed by Finance Minister Octavian Armașu, the refusal letter explains to Newsmaker that the letter contains information that is subject to the “state secret” protection due to the national security risks of publishing it.

In March 2018, Armașu declared that the letter from the DG ECFIN (European Commission) appreciated the efforts of the Moldovan authorities on the fulfillment of the first 10 (28, in total) conditions from the agreement on the 100 million euros macro-financial assistance.

This “appreciating” letter was then requested by the Chișinău-based Center for Policy and Reforms (CPR Moldova), but the request was refused on the claim that NGOs cannot request information from the state institutions. Now, CPR Moldova is suing the Finance Ministry for violating the access to information laws, suggesting that an NGO is nothing but an association of individuals, which should freely access information of public interest. Moreover, CPR is asking the Ministry to present a copy of the report on the implementation of the first 10 conditions for the disbursement of the first tranche of those 100 million euros.


On 23 November 2017, the Republic of Moldova signed the agreement with the European Union regarding the macro-financial assistance of 100 million euros: 40 million of grants and 60 million as a loan. The so-called MFA was requested in August 2015 and in March 2016 by the Moldovan authorities. After long debates on the conditionality, the European Parliament, and the EU Council came to an agreement to offer Moldova the macro-financial assistance for 2 years and a half in three tranches, whose disbursement is conditioned by a certain list of criteria. According to the agreement, the European Commission will monitor the progress on key reforms together with the International Monetary Fund.

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Economy

Moldova Automotive Days, automotive components and suppliers forum, to take place on 29-30 May

Moldova Automotive Days, the automotive components and suppliers forum, will take place on 29-30 May, at the Tekwill center.

Moldova Automotive Days 2018 is the leading industry event aimed to gather all industry stakeholders, including government, business, multinationals, professionals and academia, to discuss trends and challenges facing the automotive components industry regionally and in the country, set the premises for sustainable entrepreneurship environment to foster sector development and attract investment.

According to the organizers, the Moldovan Government and the Moldovan Investment and Export Promotion Organization, the goal of the event is to develop an international annual platform for national and international stakeholders, public, private entities, international partners and diplomatic staff for promoting the potential of the Moldovan automotive components sector worldwide.

Registration is already open for participating at the Moldova Automotive Days. Check the agenda and list of speakers here.

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Economy

Moldova Government increases guaranteed minimum wage to 2610 Lei ($157)

25 April 2018- The Government of Moldova adopted a decision to increase the guaranteed minimum wage in the real economy by 230 lei (approx. 14 USD) up to 2610 lei (approx. 157 USD). The change is expected to enter into force from 1 May 2018.

Thus, the workers in the real sectors of the economy will not receive less than 15,44 Moldovan lei (0,93 USD) for an hour of labor, compared to the current 14,09 lei- 2380 lei monthly.

In 2017, the prices increased by 6,6%, while the productivity growth rate was 3%- a 9,6% salary increase is put up.

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