Moldova's news
Moldova lost 2 billion us$ in offshore areas
Over 2 billion US$ was eloigned from Moldova through offshore zones, with the profit earned from investments, according to a survey carried out by The Price of Offshore Revisited, released by the non-governmental organization Tax Justice Network.
The overall amount of undeclared assets eloigned from the republic in 2010, could have covered 43% of the country’s foreign debt, estimated as 4.6 billion US$.
Moldova, Armenia and Kyrgyzstan round out the list of CIS countries, in terms of capital outflow in offshore areas. The leading countries in this list are Russia, with a capital drain of 797.9 billion US$, which makes 207% of the country’s foreign debt. Ukraine comes next with an outflow of capital standing at 166.8 billion US$ (144% of its foreign debt), being followed by Kazakhstan, with capital outflows of 136.2 billion US$, or 118% of its foreign debt.
About 47.9 billion US$ was eloigned from Azerbaijan through offshore areas, seven fold more than the country’s debt.
About 1.194,8 billion US$ was eloigned from CIS countries during 16 years, and about 742.3 billion US$ from the European Union states, including 191.1 billion US$ from Romania, which makes 72 % of the country’s debt.
The capital outflows through offshore areas stand at 21 trillion US$ in the world. China (1.2 trillion US$), Russia (797.9 billion US$) and South Korea (779 billion US$) are leaders in terms of illegal capital drain.
Moldova's news - Economics
Thursday, 23 may, 2013
- 23.05 17:10 Moldovan PM-designate, World Bank’s country director broach joint agriculture projects, cooperation
- 16:11 Moldovan business representatives present investment advantages at forum in Russia
Monday, 20 may, 2013
Saturday, 18 may, 2013
Tuesday, 14 may, 2013
Wednesday, 8 may, 2013
Thursday, 2 may, 2013
- 02.05 18:03 NBM does not consider withdrawing Moldovan savings bank license…
- 16:49 In Moldova 104 thousand 727 bank cards were emitted in q1, 2013, 15.5% up versus the same period in 2012 (90 thousand 679)
- 14:43 BNM revises down inflation forecast
Wednesday, 17 april, 2013
Friday, 12 april, 2013
- 12.04 17:31 Agricultural producers, subsidized from the state budget and making capital investment, will be refunded VAT
- 16:56 Agricultural producers, subsidized from the state budget and making capital investment, will be refunded VAT
- 16:55 The term of the start up of mobile telephony numbers portability services is rescheduled from May, 1, to July, 1, 2013
- 12:42 Moldovan parliament operates amendments to fiscal code
Thursday, 11 april, 2013
- 11.04 17:36 Farmers to pay VAT of 8% instead of 20%
- 17:35 Phantom companies cause damage of over 100m lei to state
- 16:32 In 2013, Moldova state budget’s expenses and deficit will increase mdl 368.8 million to raise the pensions and pay out the financial support to citizens starting from April, 1
- 16:31 Moldova won’t lose the WB $10 million loan to the agricultural industry, damaged by the dry season, emergency assistance, - Veaceslav Negruta
- 13:07 World Bank forecasts GDP growth of 3% in Moldova for this year
Tuesday, 9 april, 2013
Monday, 8 april, 2013
- 08.04 16:01 In Q1, 2013 Moldova exported to the EU 5.6 million liter of wine in the duty-free treatment
- 16:00 The law debarring residents of offshore areas from holding shares in Moldovan banks came into effect on April, 5
- 9:52 BOARD of Foreign Investors Association about the action of administration at Tirex Petrol
Thursday, 4 april, 2013
- 04.04 16:12 The government approves the reintegration plan of action for 2013 implementation of which has been budgeted for 15 mln. leis
- 16:11 In January-February, 2013 Moldova saw the highest growth in the volume of cargo transportation among CIS
Wednesday, 3 april, 2013
Tuesday, 2 april, 2013
Monday, 1 april, 2013
- 01.04 16:43 The net inflow of direct foreign investments, the capital outflow included, decreased 1.8 times to $159.21 mln. in 2012
- 16:40 In January-February, 2013 it was registered 1201 new enterprises in Moldova, 13.5% up as compared with the same period of 2012
Friday, 29 march, 2013
- 29.03 17:43 Twice higher local taxes introduced for Chisinau casinos
- 16:14 External state debt of Moldova increased $689.4 mln. (12.7%) to $6 bln. 132.01 mln as of the end of 2012
- 13:44 Moldovan farmers to have more access to markets
- 12:44 Sales of grapevine cuttings will decrease, producer
Thursday, 28 march, 2013
Wednesday, 27 march, 2013
Tuesday, 26 march, 2013
- 26.03 16:36 Construction of gas pipeline Ungeni-Iasi to start shortly
- 15:51 Electric power rate will not grow – Minister Lazar
- 11:39 Moldovan, European experts approach agriculture
Monday, 25 march, 2013
- 25.03 17:13 Export from Moldova to grow by 7.5%, - the Ministry of Economy projects
- 17:13 As of March, 15, 2013, monetary reserves of the National Bank of Moldova made up $2 bln. 475.86 mln., $10.82 mln. (0.4%) down as compared with the previous reporting week
- 15:24 Ambassador Muhametshin: Russia and Moldova overcome psychological barrier of us$2 billion in trade last year
Friday, 22 march, 2013
- 22.03 16:56 External state debt of Moldova increased 27.8 mln. leis (0.13%) to 21 bln. 212.5 mln. leis in January-February, 2013
- 16:55 Some conditions and requirements to combined trade are lifted in Moldova
- 16:55 As of March, 20 the tax statements have been filed by 47243 individuals, 3143 individuals up as compared with the same period of 2012
Thursday, 21 march, 2013
- 21.03 18:47 The parliament of Moldova passes a bill in the first reading to leave 12% of the 20% vat on special accounts of farmers
- 10:28 Transnistrian businessmen study Moldovan fiscal legislation
Wednesday, 20 march, 2013
- 20.03 17:33 In February, 2013 industrial prices in Moldova increased 0.6% as compared with January
- 17:31 Loss of Termocom made up 38.6 mln. leis in 2012, against profit of 14.75 mln. leis recorded in 2011
- 17:27 Wold Bank provides 10-million-dollar credit to Moldova to mitigate drought consequences
Tuesday, 19 march, 2013
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