Vladimir Voronin: Moldovan business responds slowly to administration’s measures aimed at boosting business activity

President of Moldova, Vladimir Voronin, says the Moldovan business is responding slowly to “the systematic measures designed to boost the business activity” undertaken by the authorities. At the Congress of the Chamber of Trade and Industry (CCI), the President said that in the last 3 years alone the state has granted concessions for 3-5 year to small business; used completely new methods of taxing enterprises in the sector of information technology, including social payments; endorsed less stricter rules for VAT application in the leasing process; improved the rules for registering and licensing enterprises, and created other possibilities for the business environment. According to him, the most important measures were the fiscal amnesty and the amnestying of capital, introduction of nil quota on corporate income tax, as well as the reimbursement of VAT when the investments are made in rural settlements, that is outside the municipalities of Chisinau and Balti. Voronin mentioned that many of the adopted decisions had to be approved and implemented at heated discussions and at professional debates with opponents in the country and within international organizations. “This has been a tough, stressful work, which one cannot see and which requires time and knowledge. The authorities do not need gratitude for this work as this is their obligation. But it would be right if the business environment becomes aware of the fact that the authority had to choose between following blindly the written rules, between the irresponsibility towards the future, on one hand, and the patriotic initiatives that take account of the realities and that are oriented towards the future, on the other hand”, Vladimir Voronin concluded.