Connect with us

Economy

18 tons of Moldovan grapes have arrived, by sea, on the Arab Emirates market

A group of producers from Costești delivered 18 tons of grapes, by sea, to the UAE market in January. The grapes have traveled to Dubai in 25 days and have arrived at their destination in perfect condition.

Published

on

The contacts were established at World of Perishables, Dubai, where Moldova Fruit Association, together with its members, participated with the support of USAID Agricultural Producers in Moldova.

This year, the Costești producers exported 400 tons of grapes to Poland, and smaller quantities went to Mongolia, Iraq. In the next period, FructBioImpex aims to meet the requirements and obtain the GlobalGAP certificate to deliver fruits to other markets such as Germany, Austria, etc..

“80% of the grapes produced have been exported to countries such as: the Russian Federation, Romania, Belarus, Iraq, Poland, Latvia etc.” declared the Director of Moldova Fruct Association, Iurie Fala.

One of the objectives of Moldova Fruit Association is to provide support to its members in the diversification of markets. This objective is also shared by the USAID development partners in Moldova and the Export and Export Promotion Organization of Moldova (MIEPO).

Currently studying Interactive/Media/Design at the Royal Academy of Art. Based in The Hague, The Netherlands.

Economy

The Citizenship by Investment Program in Moldova – embracing great opportunities or risks?

Published

on

Dubai, November 5th – The Citizenship by Investment Program in the Republic of Moldova was officially launched at the 12th annual Global Residence and Citizenship Conference in Dubai. Since the very first moment when the legislative initiative was registered in the Parliament (December 2016), the law of citizenship by investment gained support, along with a lot of criticism. The government presented the program as an opportunity to attract new investments, whereas the opposition and some experts argued that granting citizenship to foreign investors involves major risks to the state security and could affect the liberalized visa regime with the EU, as reported by Ziarul de Gardă.

The law adoption outlines

The law of citizenship by investment was adopted and promulgated in record time without waiting the results of the anti-corruption expertise report published by the National Anticorruption Centre (NAC). One week after the final voting of the bill, the results of NAC report stated that “the promoted interests through the law of citizenship by investment are detrimental to the public interest, and imply major risks to the safety and security of the citizens and the state of the Republic of Moldova, , in the context of the emigration crisis in EU and the global terrorism threat.”

In March 2018, the Ministry of Economy and Infrastructure (MEI) has published a decision to amend the Regulation on Acquisition of Citizenship by Investment. According to the Transparency International Moldova experts,  the changes to the selection procedure of candidates for granting citizenship were made without public debates and a preliminary notification. The procedure was simplified by omitting the governmental institutions from the examination process.

A series of law amendments came next, enabling the persons who would obtain the Moldovan citizenship by investment to be exempted from the obligation to know the provisions of the Constitution of the Republic of Moldova and to speak the Romanian language. Moreover, the name and other personal data of the candidates would be kept in secret, only the applicant file number being published.

The ex-president of the Parliamentary Commission for national security, defence and public order, Roman Boţan, qualified the amendments as doubtful. “It’s strange that the names of the candidates for granting the Moldovan citizenship by investment is concealed. It is plausible that such investments could come from fraud, and premises of decriminalizing illegal assets could be created,” declared Boţan.

Vlad Ţurcanu, a political commentator and a former presidential adviser, mentioned that the relationship Moldova – EU could be negatively affected in the light of a non-transparent citizenship granting process. Furthermore, such problematic future citizens could create crises which would be very hard to be managed by the Moldovan institutions.

In July 2018, MEI signed a partnership contract with the Moldovan Investment Company (MIC) Holding and with Henley & Partners Government Services Ltd. The stated scope of the contract was the development, implementation and international promotion of the Citizenship by Investment Program. The official MIC Holding website presents neither the name of the founding persons or companies nor the contact address of the holding.

MEI signing the partnership contract with the MIC Holding| Source: mei.gov.md

The Henley & Partners Government Services Ltd appears in an investigation article written by The Guardian that presents the company as doing business with ‘golden’ passports.  “For a few hundred thousand dollars, the right passport, from the right place, can get its owner into almost any country,” is stated in the article. The company was involved in the Maltese program of citizenship by investments and was accused of intimidating the investigative journalist Daphne Caruana Galizia. The journalist examined the scheme of offering the Maltese citizenship but was assassinated in October 2017.

The Henley & Partners’ perspective

In an interview for Newsmaker, the president of Henley & Partners, Christian Kälin and the Group Public Relations Director at Henley & Partners, Paddy Blewer talked about the candidate selection process of Moldovan citizenship granting and the benefits of the program.

First, it is important to mention that the Henley & Partners company, as a part of the MIC Holding, is responsible for the consultancy and the strategy implementation for the Moldovan Citizenship by Investment Program.

When asked about the possible applicants for the Citizenship by Investment Program, Christian Kälin clarified that they would be wealthy people that want to enlarge their possibilities of traveling and moving around the world.

“It is not about a Russian oligarch with lots of money and relationships in the political world. It is more about an UAE citizen who is not sure he wants to stay in his country in the next 15 years or an American citizen that can’t enter an Arabic country using his American passport and needs the second citizenship for security reasons.”

According to Kälin, the applicants would be interested in being protected and moving around, not tax evasion. He admitted that among the beneficiaries of the program could be not well-intended people: “It’s like in the bank. There are thousands of clients and among them there could be 5,7,10 delinquents. Still, that’s not a reason for the bank to cease its activity.”

“The most important benefit for a country that implements a program of citizenship by investment is the possibility to attract new investments,” as Paddy Blewer stated. In the case of the Republic of Moldova there is a possibility, at the moment, to invest in the Public Investment Fund. The law of citizenship by investment stipulates for now only the opportunity of real estate investments, according to Christian Kälin. He also added that the real estate sector is a key one in the economy of any country and that most programs of granting citizenship in return for investment provide such a component. “Real estate investments have a considerable positive effect on the economy of a country. They increase the number of transactions and develop the construction industry. The real estate sector has many intersections with other sectors of the economy. Thus, it will be a driver of job creation,” said Kälin.

According to the officials’ declarations at the Moldova Business Week of this year, the industries that should have priority when it comes to investments in Moldova are the tourism and information technologies sectors. Also, the automotive and manufacturing industries need the government’s support in order to be developed as the country’s strategical sectors.

The expert’s perspective

The expert and activist Sergiu Tofilat explained for Moldova.org several important aspects regarding the law of citizenship by investment. First, “some European countries are trying to attract investment by selling citizenship. Such programs are interesting for wealthy people who want to be able to travel visa-free in the EU and the US, who would like to easily open bank accounts in western banks,” said Tofilat. He highlighted the serious issues in verifying the source of the ‘invested’ money for acquiring citizenship, but also national security issues when different criminals or terrorists get foreign citizenship.

In case of the Republic of Moldova, “there are problems related to politically subordinate justice, labour shortages, the lack of predictability of public policies as when the government changes the law, and this affects the business environment that can’t plan its activity for at least 3-5 years,” as Tofilat mentioned. Taking into consideration these circumstances, “the Citizenship by Investment program raises suspicions of money laundering, especially since nothing of the stolen billion has been recovered,” stated Tofilat. He indicated that the program in question must be analysed together with the so-called tax amnesty law, which allows the legalization of any dirty money for a 6% tax. “As a result, the beneficiaries of the bank fraud can decriminalize their money through certain foreign citizens who will receive citizenship by granting loans to the Moldovan Government, after which the new Moldovan citizens will benefit from the tax amnesty,” explained Tofilat.

“The authorities stated that the objective of the citizenship program is to attract foreign investments in Moldova. It is absurd to believe that foreign investors queue up for investing their money in Moldova and that getting citizenship is the biggest obstacle for them.”

According to the Tofilat’s opinion, “a special attention should be paid to the dangerous similarities of the Moldovan program with the programs in Hungary and Malta.” Just as in the case of Hungary, the names of those who will receive the citizenship of the Republic of Moldova will be classified under the pretext of protecting their personal data.

An international inquiry from September 2018 revealed that especially Russian officials are interested in receiving the Hungarian citizenship for being able to travel without any visa and to leave Russia in case they need it.  “It’s the case of Russian deputies, heads of state-owned enterprises, and even Serghei Naryshkin’s family, the head of the Russian espionage service, who received the citizenship of Hungary. This happened despite the fact that some officials appear on international sanctions lists,” specified Tofilat.

Featured image source: anticoruptie.md

Continue Reading

Economy

About 17 tons of Moldovan apples arrived in Dubai, in perfect condition

Published

on

After 24 days of traveling by sea, about 17 tons of Moldovan apples, produced in the orchards of the Fresh Time Producers Group, have arrived in perfect condition in Dubai.

The apple quality was confirmed by the USAID / APM Expert, that checked the apple bundle, stating that they were as firm, succulent and tasty as when harvested.

According to the Performance Agricultural Project in Moldova, their quality is due to the advanced technologies of applied and post-harvest production (sorting, storage, packaging).

The experience of shipping Fresh Time Marine Apricots on the Middle East market is extremely relevant for developing an efficient Moldovan export model on this market.

The USAID / APM project monitored each stage, including temperature and air humidity recording equipment installed in the container, which recorded the temperature of the fruit during transport from the exporter to the recipient.

Consumers in the Middle East are awaiting new batches of fruit coming from the Republic of Moldova.

Continue Reading

Economy

Republic of Moldova has sharply reduced its fruit exports to Russia

Published

on

According to EastFruit analysts, despite the record harvest of apples and plums, Moldova has sharply reduced its exports to Russia in September 2018 compared to the same month last year. Apple exports dropped by 42%, from 27.2 to 15.8 thousand tons. However, this volume exceeded the number of apples exported in September 2016, when exports reached 13.4 thousand tons.

Starting with the third week of November, Moldova still has record plum stocks in cold stores. In September, its exports to Russia amounted to 9.3 thousand tons and were 6% lower compared to the same month last year.

Meanwhile, mass grape exports declined further, by 23.4%, to 3 thousand tons, compared to the same month last year when 3.9 thousand tons of table grapes were delivered from Moldova in Russia.

The offer of Moldovan peaches and nectarines in Russia has decreased almost five times, from 527 tons to 113 tons. Moldova’s pear exports to Russia rose slightly, so in September 2018, 177 tonnes of pears were exported.

In September 2018, Moldova became the eighth biggest fruit supplier of the Russian Federation, receiving revenues of 14.5 million dollars, 23.5% less than in September 2017. The share of fruit exports in Russia declined from 6.3% in September 2017 to 5% in September 2018. And if in 2017 Moldova ranks fourth in this ranking, in 2018 the country was overtaken by China, Azerbaijan, Uzbekistan, and Argentine.

Continue Reading
Advertisement

Latest News

Economy20 hours ago

The Citizenship by Investment Program in Moldova – embracing great opportunities or risks?

Dubai, November 5th – The Citizenship by Investment Program in the Republic of Moldova was officially launched at the 12th...

Politics1 day ago

Maia Sandu and Andrei Nastase met with Johannes Hahn: The European Union will closely monitor the electoral process in Moldova

The PAS leader Maia Sandu and PPDA leader Andrei Nastase met with Johannes Hahn, European Commissioner for Neighborhood Policy and...

Miscellaneous1 day ago

The first Fantasy short film produced in Moldova

The film is based on the novels "The Lord of the Rings" and "The Hobbit" by J.R.R. Tolkien. At this...

Important2 days ago

Derek J. Hogan: Russia may get involved in the upcoming Moldovan parliamentary elections // VIDEO

The Russian Federation may be involved in the Moldovan parliamentary elections of February 24, 2019. The statement was made on...

Society2 days ago

Live with Igor Dodon. These are the topics our President (hasn’t) talked about

In the evening of December 11, Moldovan President Igor Dodon answered several questions in a live broadcast. He explained to Moldovans...

Politics3 days ago

Maia Sandu and Andrei Nastase criticize the Romanian Government for blocking a negative EU report on Moldova

Pro-European Leaders of Chişinău, Maia Sandu (PAS) and Andrei Năstase (DA) criticize the PSD-ALDE government in Bucharest for blocking a...

Politics4 days ago

Andrian Candu asks the Constitutional Court to suspend President Dodon for the fifth time

The pre-electoral political theatre lead by the Democratic Party of Moldova (PDM) and  Socialist Party of Moldova (PSRM) continues. The...

Advertisement

Opinions

Advertisement

Trending