The Party of Socialists suggests creating a commission of inquiry into the economic-financial situation at the state-run enterprise Moldova’s Railways that at the end of last year had a credit debt of 459.4 million. The salary arrears, partially for last October and November, totalled 35.5 million lei, IPN reports.

The party noted that 275.7 million lei of the credit debt of 459.4 million lei represented the loan taken out based on the contract for purchasing diesel locomotives. Of the salary arrears of 35.5 million lei, 26.9 million lei constituted overdue contributions to the social insurance and health insurance budgets, while 5.5 million lei were debts to the budget.

“The critical financial situation at ÎS “Calea Ferată din Moldova” is the result of the inefficient management during the previous periods, aggravated by the accentuated decline in the volume of freight and passenger traffic due to the impact of the COVID-19 pandemic on the economic situation in the Republic of Moldova and the neighboring countries. Therefore, we propose constituting a commission of inquiry,” said the Socialist MPs.