The Republic of Moldova has one of the highest offshorization levels of the economic, social and political activity, Veaceslav Negruta, Transparency International expert, stated in the program “Politics” on TV8 channel, IPN reports.
According to him, in the Republic of Moldova, besides everything that means public procurement, starting with pharmaceutical preparations and stationery, there are contracts with companies that have beneficiaries from offshore areas. A large part of the buildings have offshorized persons behind and it is about very large sums of money. “It’s true that many things that happened in the financial and banking sectors wouldn’t have taken place if these offshore companies that took part had been eliminated,” stated Veaceslav Negruta.
The expert noted there are three institutions in Moldova whose duty is to monitor the activities with such companies. These are the National Bank of Moldova, the National Commission for Financial Markets and the National Anticorruption Council. “These three institutions have own lists that, depending on their area of activity, include countries with an increased risk of such offshore transactions,” said the expert.
He also said that at least three attempts were made in Moldova in a relatively short period of time to bring things as regards the offshorization of transactions in order, especially the public finance transactions. All the attempts to deoffshorize the transactions that involved public funds in the Republic of Moldova failed.
Veaceslav Negruta stated that the sensitiveness for political circles and authorities in Moldova is extremely high when it goes to deoffshorization. “The modification of the legislation is necessary so that we satisfy the interests here and the money made in Moldova from economic activities is later reinvested here and is not taken to offshore areas. The public finances, which are collected as taxes with difficulty, should not be taken out of the country again by schemes and rigged tender contests and we should not have the impression that 60-70% of the foreign investment that comes to Moldova is money that was earlier extracted from the Republic of Moldova. Real, genuine investments should come and bring technologies and new services with them,” said the expert of Transparency International.
