Andrian Candu, the President of the Parliament and Pavel Filip, the prime minister presented the main achievements of the Governance starting this year.

Andrian Candu talked about the projects adopted according to the commitments made in the negotiations with the foreign partners, as well as about the laws that come to support the business environment, to consolidate the rule of law, democracy and the inhabitants of the Republic of Moldova.

In particular, the President of the Parliament and the Prime Minister referred to measures to improve the business climate, including reducing the number of permissive acts, simplified financial reporting, and limiting the control authorities to tax, customs and regulatory institutions for regulated areas such as banking or energy.

At the same time, following the changes made in the legislation, criminal penalties for companies are excluded from the first offense, the rapid and voluntary resolution of the difficulties is encouraged.

Thus, the Republic of Moldova entered a qualitatively new phase of economic liberalization of the market and stimulation of fair competition.

The President of the Parliament and the Prime Minister talked about the additional measures taken to strengthen the competitiveness of Moldovan companies and companies that will boost the exit of the local business from the black area. Officials have reported a 18% reduction in the social security contribution for employers, the introduction of a 12% single tax for employees, an increase in personal relief to cover the minimum subsistence level.

Referring to the voluntary declaration of capital and assets, officials said that this would be done by paying a 3% tax to the state. Voluntary goods or non-domestic goods, as well as the difference in value, would be subject to voluntary return if the value of the goods was under-valued.

These measures will help to increase the tax base. The law governing voluntary declaration of assets includes mechanisms to prevent and combat money laundering and terrorist financing, in line with best international practice.

At the same time, the law excludes certain categories of citizens, as well as those who are or will be found to be involved in bank fraud. Also, a number of facilities have been adopted to repatriate the currency and other benefits of external transactions.

At the meeting of the President of the Parliament and the Prime Minister with accredited ambassadors in the Republic of Moldova were discussed the laws adopted for the financial-banking sector, the security sector, the media, the over 400 amendments in the legislation adopted after the cooperation with the Gagauz authorities, the integrity package and the fight against corruption.