On the day of inauguration of IPN’s rubric “Monitor of Official Gazette”, the state-run information agency Moldpress issued one more number of the Official Gazette, in a smaller format. This is not the first time the agency does so. 

In this “afternoon” issue (O.G No. 389 of November 3, 2017), our attention is caught first of all by the law (No. 218 of October 20, 2017) to amend the state social insurance budget law for 2017 No. 286/2016. Thus, the made changes show that both the total revenues (when the transfers from the state budget decreased) and expenditure increased by 149,881 and 276,175.4 lei respectively. We see that the expenditure is by 126,294.4 lei higher. It should be noted that the projected balance was equal to zero when the law was adopted on December 16, 2016!.

There were raised the costs for managing the public social insurance system (by 14,331.8 lei) and for ensuring the protection, in case of temporary incapacity for work (by 64,009.2 lei), of elderly people (by 309,295.9 lei) and of other groups of beneficiaries. Let’s hope that the negative balance-of-trade (126,294.4 lei) will be put right by the end of this year, as the MPs decided.

The O.G. also shows that on November 2 the President of the Republic of Moldova amended the previous decree No. 309 of July 28, 2017 concerning the institution of a Civil Society Council under the President of the Republic of Moldova, by excluding the public control commission from the Council. As the decree says nothing about the reasons for the exclusion, questions appear as a result:

- Did Mister President hurry when he set up this Council?;,

- Didn’t the members of the commission (led by pedagogue Ghelici Feodor, chairman of the public association “Moldova Mea”) cope with the tasks entrusted to them (if so why they weren’t replaced by others, more professional?)?,

- Or the commission showed too much zeal?...

We just wonder and make no barbed remarks...

The same issue of the O.G. contains the Decision of the National Bank of Moldova about the amendment and supplementing of the regulations concerning the shareholdings owned in the share capital of banks No. 73 of October 19, 2017, which took effect on November 3 this year. In this regulations, the National Bank specified the notions of Persons who act in concert and Potential purchaser and introduced a separate point entitled Acquiring person, which can be any private individual or legal entity, association or group of persons who act in concert and are registered as such or not, which are:

a) to gain individually or in concert with someone else, by any method, a lower holding than the substantial one in the share capital of the bank, which falls under the provisions of Art. 15 par. (2) of the Law on financial institutions No.550-XIII of July 21, 1995, or;

b) to receive bank shares that represent a lower holding than the substantial one, as contribution to its share capital, or;

c) to subscribe for bank shares that represent a lower holding than the substantial one, issued in accordance with the provisions of Art. 15⁶ par. (3) of the  of the Law on financial institutions No.550-XIII of July 21, 1995.”

We are to only expect that these modifications produce legal effects and limit the whims of those with too developed “inventiveness” spirit.

As they say: better late than never!

Foe conformity, Monitor of the Official Gazette