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In 1994-2010 capital drain from Moldova through offshore zones amounted to approximately $ 2 billion
According to a study The Price of Offshore Revisited, prepared by the Organization of Tax Justice Network, capital drain from Moldova through offshore zones taking into account the profits earned from investments made over the past 16 years made about $ 2 billion.
It is noted that the aggregate amount of capital taken out of Moldova through offshore zones in 2010 could cover about 43% of the country external debt, estimated by the authors study at the $ 4.6 billion. in Moldova, along with Armenia and Kyrgyzstan, close the list of CIS countries in terms of capital outflows in the offshore zone.
The smallest amount of capital among all the CIS countries is exported from Kyrgyzstan - $ 0.9 billion (23% of the country's external debt). The outflow of capital to offshore from Armenia stopped in 2010 at $ 2.2 billion (36% of the country's external debt). This is followed by Tajikistan - $ 2.4 billion (82% debt), Turkmenistan - $ 3.44 billion (835% debt), Georgia - $ 4.1 billion (44% debt), Belarus - $ 5.89 billion . (23% debt), Uzbekistan - $ 23 billion (313% debt), Azerbaijan - $ 47.9 billion (684% debt). Leaders in the CIS in capital outflows to offshore zones are: Kazakhstan - $ 138.2 billion (118% of debt), Ukraine - $ 166.8 billion (144% debt), and Russia - $ 797.9 billion (207% of the external debt). Results from the CIS countries in the offshore zones from 1993 to 2010 made $ 1 trillion 194.8 billion, from countries of "New Europe" through offshore it is transferred about $ 742.3 billion, including from Romania - $ 191.1 billion (72% of debt) and Bulgaria - $ 43.8 billion (89 %). In total, according to the study, the outflow of capital through tax havens in the world is estimated at $ 21 trillion. Countries, the leaders of the illegal outflow of capital in 1993-2010 are China ($ 1.2 trillion), Russia ($ 798 billion) and South Korea ($ 779 billion).
In preparing the study they used data from the IMF, World Bank, the world's governments and other sources.
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Moldova's news
Wednesday, 22 may, 2013
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- 16:20 Yellow code advisory for rain with hail and high winds
- 13:30 Dacia and FC Tiraspol fighting for second place
- 13:30 Rain with hail causes damage in central part of Moldova
- 11:03 Orthodox Christians celebrate translation of relics of Saint Hierarch Nicolas
- 10:03 PLDM, PDM to vie for post of Speaker
Tuesday, 21 may, 2013
- 21.05 16:46 PCRM urges Parliament to declare state of emergency
- 16:30 Lupu’s removal from post of Speaker is constitutional
- 13:16 Corneliu Gurin: PGO must be immediately freed from political influence
- 11:44 Areas of orchards and vineyards will grow over next seven years
- 11:43 Women’s U-19 football team scores victory
Monday, 20 may, 2013
- 20.05 18:05 Foreign Ministry found out about luxury cars of Moldovan diplomats in Moscow last year
- 17:44 Guide on torture combating launched in Chisinau
- 17:13 Štefan Füle meets with representatives of PLDM and PDM
- 16:01 Gurin returns to Prosecutor General’s Office
- 16:00 CC to pronounce on dismissal of prosecutor general this afternoon
- 13:25 Subsidies for animal-breeding and post-harvest activities to rise
- 13:25 Drumul Viilor St closed for traffic for ten days
Sunday, 19 may, 2013
- 19.05 6:22 Persons who died from AIDS are commemorated on May 19
- 6:14 Containers for selective collection of waste put up in Chisinau
Saturday, 18 may, 2013
- 18.05 18:35 Štefan Füle: I came not to interfere in internal affairs, but to say that EU supports you
- 17:31 National Museum of History will work until late at night
- 17:22 Moldova celebrates Europe Day today
- 16:23 Romanian MP inaugurates parliamentary office in Chisinau
- 16:21 Moldovan diabetes patients to benefit from insulin free of charge
- 14:21 Moldovan governmental delegation to visit Qatar
- 13:32 Tender contest announced to build Iasi-Ungheni gas pipeline
Friday, 17 may, 2013
- 17.05 13:12 Visa facilitation agreement with EU comes into force July 1
- 13:11 Sheriff become Moldova’s champion for 12th time
- 13:11 Füle to meet with Filat and Leanca in Chisinau
Thursday, 16 may, 2013
- 16.05 16:55 PLDM suggests Pro-European Government Coalition
- 16:06 Mihai Moldovanu and Anatolie Salaru discharged
- 14:56 Poplar hairs cause allergic reactions on last spring month
- 13:46 Chisinau City Hall requests court to modify itinerary of LGBT march
Wednesday, 15 may, 2013
- 15.05 16:57 Moldova without representatives at World Table Tennis Championship
- 13:35 Aliona Moon goes through to Eurovision final
- 13:33 Iurie Leanca has 15 days to present government program to Parliament
- 13:32 Moldova may see rapprochement with EU in Vilnius, Dirk Schuebel
- 13:32 Nicolae Timofti will announce new candidate without notice
Tuesday, 14 may, 2013
- 14.05 18:00 Iurie Leanca designated as candidate for Prime Minister by PLDM
- 16:08 Radu Albot scores new victories
- 15:51 PLDM to hold meeting to decide candidate for PM
- 13:02 EBRD less optimistic about performance of Moldovan economy
- 13:01 Nicolae Timofti will announce new candidate without notice
Sunday, 12 may, 2013
- 12.05 8:21 Itinerary of Chisinau bus and minibus routes extended
- 8:10 Doctors do not recommend swimming in Chisinau ponds
Wednesday, 8 may, 2013
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