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Expert Roman Chirca explains benefits of capital liberalization


https://www.ipn.md/en/expert-roman-chirca-explains-benefits-of-capital-liberalization-7966_1031678.html

Economic and financial expert Roman Chirca said the initiatives to liberalize the capital and provide tax concessions are still efficient in a society without internal struggles between oligarchs. He stated such an opinion in the public debate “Economic year 2016 in the view of entrepreneurs and experts”, staged by IPN News Agency.

As to the law on liberalization of capital and fiscal stimulation, which was passed by Parliament in the first reading, the expert said it seems that the Government prepares a series of reforms, but does them without thinking much. “When there is a political crisis and after an election campaign, such a conception of capital liberalization is very raw. It does not come after a period of lull, when there is peace between oligarchs and the institutions function, when there is a lower level of tensions. An amnesty law is more efficient in such a case,” Roman Chirca.

According to him, the first amnesty initiative was proposed by the Communists in 2007 and, even if it was a ‘fake’, it was useful as an experience. “I agree that there will be tens of waves of privatization and legalization of capital. Such initiatives will be for tens of years ahead. But I think this process should have been launched in a period when society was more prepared,” said the expert.

As to the statements that they want to legalize illegal assets by such initiatives, Roman Chirca said he considers this is a very simplistic approach. It is rather a media cliché. “I’m inclined to think that it is something else. It is an awkward attempt by the government to launch a very active reformation process. I’m sure that the persons who possess illegal assets feel extremely comfortable in that environment. The law suggests legalizing this capital, but they don’t need this actually,” he stated.

In another development, referring to the economic growth forecasts, the expert said that if Moldova had an economic growth of 3.5% a year, it would need at least 100 years to reach the European development level. “Our economy suffers because it lacks investments. With a GDP of US$3,000 per capita, it is very hard to build a democratic society. Most of the countries became rich through colonies and only afterward build democratic societies,” stated Roman Chirca.

As regards the businessmen in Moldova, the expert said that most of these do not have the mentality needed to develop businesses. “We must see how we will get rid of the mentality of salary earner and that the state owes something. We must see if we can have trained entrepreneurs. We have many businesspeople without entrepreneurial spirit and without managerial skills. This is not within the responsibility of the Government, but rather of the training centers. When we depend less on the state, we will see results,” he stated.

The public discussion “Economic year 2016 in the view of entrepreneurs and experts” is the 68th installment of the series of debates “Developing political culture by public debates” that are held with the support of the Hanns Seidel Foundation of Germany.