The investment climate in Moldova will be reformed, including by improving the framework for regulating the entrepreneurial activity, within a project that was launched by the World Bank Group on February 24. The project is designed to ensure the producers’ access to the market, including of those from the agricultural sector, to enhance the competitiveness of exports and to ensure a higher degree of protection of investments, IPN reports.
Project manager Lily Begiashvili said that a set of policy analyses will be carried out to achieve the announced objectives. There will be provided solutions for eliminating particular constraints, taking into account the best practices used in other states.
The value of the project is US$3.2 million. The money was allocated by the Swedish International Development Cooperation Agency (SIDA). The launch of the new project was preceded by the presentation of a study of the cost of doing business in Moldova in 2015. This shows that the Moldovan entrepreneurs are put in the situation to obtain over 400 permits, authorizations and certificates for staring and developing a business. Their cost amounts to 136 million lei.
Attending the project launch, Deputy Prime Minister and Minister of Economy Octavian Calmac said the Ministry of Economy is preoccupied with the reduction of the administrative pressure faced by businesses. They already submitted a number of relevant bills to amend and supplement the legislation to Parliament.
Among these is the unilateral recognition of the certificates of compliance issued by accredited European organizations so as to avoid the doubling. The one-stop shop will be implemented at the central and local authorities that issue certificates and authorizations so that the entrepreneurs do not have to go from one institution to another. The own responsibility statement will be introduced for economic entities working in the area of trade. In 2017 there will be drafted new Fiscal and Customs Codes so as to adjust the old codes to the European regulations.
The minister also referred to the reform of the central and local institutions. According to him, these should become more efficient and more open to businesspersons and the general public. Some of the institutions could be liquidated because their number is too high, especially of the inspection bodies, which are 25 in number.
