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National Bank of Moldova governor, Sergiu Cioclea, resigned. This is The World Bank’s reaction

The National Bank of Moldova (NBM) Governor, Sergiu Cioclea, told a press conference on Tuesday, November 20th, that he had submitted a request for resignation to Parliament. Sergiu Cioclea ended his term as of 30 November 2018, the request for resignation being sent to the President of Parliament, Andrian Candu.

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Sergiu Cioclea stated that the objectives he seized with the assumption of the governor position were fulfilled.

“The banking system is now stronger, which has been recognized not only by unprecedented foreign investment but also by IMF, BM and European Commission,” Cioclea said.

He stressed that it is time for someone else “to manage this capital of change and reform further on”.

In this context, Andrian Candu, Parliament Speaker, praised the achievements of the NBM governor, suggesting that the resigning governor, Sergiu Cioclea, will soon take up “another position and position”.

The World Bank representative in the Republic of Moldova says that, during the term of office of Sergiu Cioclea, the NBM has become a more secure and trustworthy institution and thus became recognized internationally.

This is the message posted on the Facebook page of the World Bank representative, thanking Cioclea for constructive and fruitful cooperation:

Yes, it is true that every person has the right to abandon any job. But however, the fact that Cioclea is leaving is raising more and more questions.

Cioclea came to the head of this institution in a period of extreme decline in trust in banks and, in general, in the honesty of state institutions. He says he has managed to re-establish relations with the IMF, set up secure banking control mechanisms and fraud prevention, and develop priorities for the coming years. Naturally, the question: why should the ship be abandoned when the hardest part of the work was done?

More voices speak of a near collapse of Moldova. That’s what it’s at official level. Officially, we are doing better than ever when children receive diapers from the coordinator’s foundation, when mature people get their way from the ruling party, when doctors are taken to the arms of the new Ministry of Health, and the peasants receive bags of vegetables and fruit from deputies.

The last massive devaluation of Moldovan banks took place on the night of the 2014 parliamentary elections. It has been 4 years and the investigations have ended with enormous spending for the budget and the citizens, without bringing the expected outcome: returning the money and punishing the politicals. One of the great expectations of Governor Cioclea was not only explaining the theft and demonstrating the recovery of the stolen money, but also preventing new frauds.

Nevertheless, the bill was neither found, nor recovered, and that the disclosure of any details would be damaging. The only certainty that we had inoculated was that such schemes would no longer be possible. Now, if the one who initiated and led the banking reform is leaving the NBM only 3 months ahead of the elections, is there any guarantee that this reform is irreversible?

Justice

The complaints filed by Vlad Filat with the European Court of Human Rights will be examined as a matter of priority

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Victor Munteanu, the lawyer of the former prime minister of Moldova – Vlad Filat, submitted a petition requesting to prioritize the examination of the complaints advanced earlier to the European Court of Human Rights (ECHR) regarding the case of Vlad Filat. The request was approved, as on January 9th the representative of Vlad Filat was informed that the complaints will be examined as a matter of priority.

When examining such requests, the Court takes into account the importance and urgency of the issues raised by the applicants. In the case of Vlad Filat’s requests, the President of Section II decided that the complaints should be treated as a matter of priority.

Vlad Filat was arrested in the Parliament building on October 15th, 2015, after a declaration made by Ilan Şor concerning the Great Moldovan Bank Robbery. The former prime minister of Moldova was sentenced to 9 years imprisonment, being accused of lobbyism and passive corruption. The estimated damage reached the amount of 250 million dollars, being represented by funds that were withdrawn from state-owned banks.

Vlad Filat has filed two complaints to the European Court of Human Rights, through which he claimed violation of human rights protected by the European Convention: the right to liberty and security, detention conditions, the right to a fair trial, deprivation of the deputy mandate before the decision of the Supreme Court of Justice was announced and the political nature of the criminal case started against him.

Featured image source: sputnik.md

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Take a look at Vlad Plahotniuc’s new business affairs from the United Arab Emirates and the Samoa Islands

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Moldovan Democratic Party Chairman Vlad Plahotniuc’s declaration of wealth has been made public on the Central Electoral Commission website.

Thus, the candidate of the Moldovan Parliament and oligarch declares that during the period 2017-2018 he might have received benefits and dividends of over 4.550.000, 11.600.000 lei and 347.500 dollars from his new business – Vanguard International Ltd in Abu Dhabi, the United Arab Emirates United, business affairs of which no one knew before, writes Mold-street.com.

Offshore in Samoa

Another 4.200.000 lei, declared by Vladimir Plahotniuc, represents the return of his share in Prime Capital SRL, a company that was liquidated in October 2018 and which had Andrian Candu and Cezara Salinski as business partners.

Moreover, the Democrat Party leader declares 1.000.000 dollars collected from the sale of a car, but also another offshore named Vanguard International Group Ltd (aka Vanguard International Group) in Apia, the capital of the Samoa islands in the Pacific Ocean.

An antique books collection worth 11.000.000 lei and other bank accounts

Plahotniuc also reports volumes of antique books worth 3.200.000 lei, books of universal value worth 7.800.000 lei, a piano worth 131.000 euros, 4 luxury Mercedes vehicles with a total value of about 5.000.000 lei and 5 buildings, including an apartment of 235 square meters, a commercial space of 300 square meters and two garages.

Vladimir Plahotniuc holds more than 500.000 euros on the accounts of the banks he owns: Victoriabank, Moldova-AgroindBank, and Mobiasbanca, over 700,000 dollars and hundreds of thousands of lei, writes Mold-street.com.

Vladimir Plahotniuc is the president of the Democratic Party of Moldova since December 2016.

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Justice

The CEC declined to register the candidates of the “Shor” party

The 51 candidates of the “Shor” Party were not registered in the electoral race. The Central Electoral Commission has identified a number of deviations regarding the set of documents submitted. The formation can eliminate the irregularities by January 24th.

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Yesterday, 2nd of January, the Central Electoral Commission in Chisinau refused to register a Socialist Party candidate, one candidate from the bloc ACUM and nine candidates from the Communist Party, because of failing to submit certificates of integrity.

Ilan Shor was sentenced to seven and a half years in jail in June 2017. On the same day, he was released from home arrest until today, under “judicial control”, until the final sentence by the Court of Call Cahul.

The “Shor” party was not registered by the Central Electoral Commission following several irregularities detected in the acts filed by the party. According to CEC president Alina Russu, there is time for corrections and filing the case again by January 24th.

“The president approves, signs and presents the list of candidates, according to the laws, but the list is not signed by the president,” said Vasile Gafton, CEC member, mentioning that this is a serious mistake.

The Central Electoral Commission registered yesterday, January 2, the first electoral contestants in the national constituency at the parliamentary elections of February 24, 2019:

  1. Democratic Party of Moldova (with 53 candidates);
  2. Political Party “Party of Socialists of the Republic of Moldova” (with 54 candidates).
  3. Election Bloc “ACUM – DPPA and PAS” (with 54 candidates);
  4. Party of Communists of the Republic of Moldova (with 41 candidates).

The CEC has also registered the electoral symbols for printing in the ballot papers, confirmed the representatives with consultative voting rights and the persons responsible for the treasurers of the respective electoral contestants.

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