RETROSPECT OF THE WEEK, June 12-18. Most important IPN „ Economy & Business” news

[*Monday, June 12] [Another participant to security market eliminated] The National Securities Commission eliminated from the security market the participant Ana Caunova and took her right to activate on this market for one year. [Moldova invited to join Balkan Energy Pact] Norway, Ukraine and Moldova might join the recently created South-Eastern Europe Balkan Energy Treaty, which has as aim strengthening the cooperation between the member states in the perspective of European integration. [Economy Week of Moldova in Romania offers efficient promotion opportunities] Romania is only on the 7th place in the ranking of investors from Moldova. In this context, the Economy Week of the Republic of Moldova, which takes place in Bucharest these days, offers excellent promotion opportunities, the Romanian press writes. [*Tuesday, June 13] [Interim Mayor of Chisinau urges to fasten transformation of municipal enterprises into flat owners’ associations] The interim Mayor of Chisinau solicits fastening the creation of the Flat owners’ associations and liquidation of the Municipal Enterprises for Management of the Dwelling Fund (IMGFL) which is, according to the local authorities, a “generator of losses”. [Exchange rates of the main reference currencies against leu got stable] The last week, the National Bank of Moldova, as well as the experts of the currency market noted a stabilization of the exchange rates of the main reference currencies, USD and EUR, against the national currency. Though, the exchange rate MDL/USD stabilized at a higher rate compared to May, when BNM registered the first speculative tendencies on the market. [GSP+ system offered to Moldova by UE not very advantageous – expert] The GSP+ general system of preferences offered by the European Union to the Republic of Moldova is of short-term and does not offer many advantages, considers the German economist diplomat, Hans-Jurgen Muller. At the same time, the Moldovan officials present the system as one of the most attractive condition for foreign investors. [Moldovan businessmen are very passive in promoting products abroad – German expert] Moldova does not fully benefit of the advantage to get the access of Moldovan businessmen on the markets of the European Union by their joining to the International Exporters’ Associations, as well as promoting of own goods within different international exhibitions. [UIT comes to Chisinau to liberalize telecommunications of Moldova and region countries] International Union for Telecommunications (UIT), Ministry of Informational Development (MDI) and National Agency for Telecommunications and Information Regulation (ANRTI) organize in Chisinau, on 20-22 June 2006, an European regional seminar on the topic “Liberalization of telecommunications: problems and opportunities for Eastern Europe states, CIS and Baltic countries”. This is the first seminar of such extend held in Moldova by UIT. [*Wednesday, June 14] [Capital mayoralty to re-open 4 fountains till Independence Day] The mayoralty of Chisinau municipality intends to re-open, till the Independence Day, 4 fountains from the capital – two in the „Stefan cel Mare si Sfant” Public Garden, and two in the Square of „Nasterea Domnului” Cathedral. The interim mayor of the capital announced about this as the result of the inspection of these fountains. [Recent fuel increase in price also caused by devaluation of national currency] The recent increase in price of fuel in the Republic of Moldova is caused not only by the barrel fluctuation on international stock exchanges, but also by devaluation of the national currency. Victor Ghitu, executive-director of the Union of petroleum products importers “Importcompetrol” decalred about this for Info-Prim Neo. [Moldovan wines popular within Economy week of Moldova in Romania] Moldovan wine products are popular within the Economy Week of the Republic of Moldova in Romania, which takes place on June 12-17 at the Exhibition Complex “Romexpo” in Bucharest, sources from IEC “Moldexpo” declared for Info-Prim Neo. [Minister of Finance announces 1.6-fold increase of total state budget incomes for 2009] In 2009 the total incomes of the public national budget will increase 1.6-fold comparing to 2005, and comparing to the estimated incomes for 2006 – 1.5-fold, is presented in the draft Framework of medium-time expenses (FMTE) for 2007-2009. Annually, in this period is expected an increase by 14-19% of the fiscal incomes. [Days of Moldovan Wines and Culture to be held in Warszawa] The days of Moldovan wine and culture will take place during June 20-21, 2006, in the capital of Poland, Warszawa. [Dubai blocked ATM transactions in several countries, including Moldova, because of scams] Dubai Islamic Bank (DIB) blocked ATM and card transactions in nine countries of Eastern Europe, including Moldova. [*Thursday, June 15] [New public transport strategy in Chisinau] Chisinau Municipal Council (CMC) approved on Thursday, June 15, the development strategy of Chisinau public transport, elaborated by Business Consulting Institute (BCI) and the Technical University of Moldova, with the financial support of OSI/LGI Budapest. [“Dendrariu” Park to benefit of investments amounting to 5 million lei] “Dendrariu” park located in Buiucani district in Chisinau will benefit this year of investment amounting to 5 million lei, allocated from the local budget. The Chisinau Municipal Council approved on Thursday, June 15, the program of the works. [One of the biggest UPS and protection filters producers entered Moldovan market] The French company “Infosec”, producer of UPS, computer protecting systems and protection filters against power and electromagnetic shocks, entered Moldovan market, after conquering the markets of Latin America, Africa, Russia, Georgia, Czech republic, Slovakia, Romania and others. [The state must simplify the procedures and the costs of the land transactions. IPN analysis] The state must simplify as fast as possible the procedures and the cost of the land transactions, if it really wants to implement the Governmental Strategy on agricultural land strengthening, the secretary of the Union of agricultural producers associations “Uniagroprotect”, Alexandru Slusari declared. [Selling 10 buildings to several private education institutions re-included in CMC agenda] The chairman of the Thursday meeting of the Chisinau Municipal Council, June 15, Victor Odobescu, promised that the decision draft on selling 10 buildings of the capital to certain private education institutions, which at the moment rent these buildings, will be included on the agenda of the next meeting of the Council, as reply to the petition of the chairman of the faction Alliance „Moldova Noastra”, Pavel Caba. [NSC authorized a new company on the security market] JSC “Bartol Consulting” obtained the license that gives it the rught to perform professional activity on the security market. This decision was made on Thursday, June 15, within the meeting of the National Security Commission (NSC) [Projects financed by World Bank to be coordinated by the Government not by implementation units] The projects of the World Bank will be managed, in the future by the Government not by the implementation units, the manager of the World Bank (WB) in the Republic of Moldova, Edward Brown declared, after the evaluation meeting on the WB portfolio of projects. [Poverty in rural localities and external shocks will be the main areas tackled by Moldovan Government in cooperation with World Bank] The ascending poverty in the rural localities and the problem of external shocks, especially those related to the problem of natural gases and wine production, as well as the quality of economic growth will constitute the key-issues on which the Government of the Republic of Moldova will base within the cooperation with World Bank (WB). This declaration was made by the WB manager in Moldova, Edward Brown, within the evaluation meeting of the WB projects portfolio. [Moldova to possibly conclude long-term natural gas supply contract with Russia] The Minister of Economy and Commerce, Valeriu Lazar, notes that there are real premises allowing concluding a long-term contract with the Russian company „Gazprom”. The minister highlighted that „everything depends on the price”, he stated on a Wednesday press conference. [JSC “Moldovagaz” is in the top of joint stock companies] Companies „Moldovagaz”, „Moldtelecom”, „Tirex-Petrol” and „Floarea Soarelui”, maintain the first positions taken in the Top-50 ranking of 2004 among the joint stock companies of Moldova, elaborated by the Rating and Estimation Agency „Estimator-VM”, according to the amount of sales in 2005. [Deputy governor of National Bank appointed] The parliament approved Victor Ciobanu to the position of prime-deputy-governot of the National Bank of Moldova (NBM). [*Friday, June 16] [Romania to help Moldova to make way to European market] Romania is available to support the agro-industrial area of the Republic of Moldova in its efforts to make a way to the European market, the head of marketing policies within the Ministry of Agriculture, Forests and Rural development of Romania, Daniela Lica declared at the seminar “New collaboration conditions between agro-industrial complexes of the Republic of Moldova and Romania in the context of European Union Integration”. [Number of Transnistrian businessmen registered in Chisinau increased by 80 in a month] Until now, 190 Transnistrian economic units were registered at the State Registration Chamber of Moldova, compared to 115 at the beginning of May. 92 of them have temporary registration with IDNO code, and 98 – permanent registrations, of them 17 are private enterprises. [World Bank concerned about Moldovan rural sector] The World Bank is concerned about the increase in poverty tendency in Moldova’s rural regions and insignificant evolutions in agriculture. The World Bank (WB) country manager for Belarus, Ukraine and RM, Paul Bermingham, made this statement, on Friday press conference. [*Sunday, June 18] [Moldovan Economic agents invited at interregional universal Fair in Russia] The Chamber of Commerce and Industry from Chisinau (CCI) invites the entrepreneurs of Moldova to participate at the VI edition of the Universal Interregional Fair “ Kurskaia Korenskaia Iarmarka – 2006”, which will take place during June 22-26, 2006, in Kursk district (Russia). CCI organizes, within the Fair, a joint stand of Moldova’s entrepreneurs.

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