President of Association of Auditors and Management Consultants from the Republic of Moldova, General Director of audit company „Ecofin-Audit-Service” SRL, editor in chief of "Fin-Consultant" magazine, economist, Mr. Ion Prisacaru has signed a new original book, which has recently appeared at the publishing house ”Gunivas” – “Return to roots”. 
In March 2012, Audit firm „Ecofin-Audit-Service” SRL, became partner – member, of international network Crowe Horwath International. 
On 02.02.2012, during the award ceremony for “Brand of the year - 2011” contest, Ecofin-Audit-Service Ltd was awarded the “Mercuriul de aur (Golden Mercury)” Grand Prix for the “Financial Institutions, Products and Services” category, Socially Responsible Brand Nomination. 
Kristina Gurulea.
Legal Department director "Ecofin-Audit-Service" Audit Firm, Master in Law.
Legislative news: "Fin-Consultant" Monitoring.
We continue to inform you about the news, amendments and modifications introduced in the legislation of the Republic of Moldova within February 2010.
Entrepreneurship
1. The Government issued the Decision on the monitoring of import trade transaction and value chain within internal trade. The mentioned decision determines the mechanism for monitoring import trade transaction and the value chain within internal trade, as well as the List of imported goods subject to monitoring. At the moment when customs clearance is made when goods are introduced in the country, the Customs Service will identify suspicious import trade transactions (the value of which is by 40% lower than the level of average reference prices on internal market or the share of trade transactions or the share of trade transaction of the economic entity-importer in the ranges of the goods subject to monitoring exceeds 35% of the total volume of goods imported in the previous year) and will supply the given information to the National Core Ta Inspectorate and to the Centre for Controlling Economic Crimes and Corruption for analyses purposes. They will monitor the value chain within internal trade of goods starting from the seller and ending with ultimate consumer; they will detect the possible fraudulent schemes of tax evasion and will take corresponding measures for combating them; they will verify the correctitude of applying maximal markup limits for important social products. The information obtained from the investigations conducted will be presented to the Monitoring Commission, which was established as a result of the mentioned Decision. (Government Decision No. 128 as of February 22, 2010, Official Monitor of the Republic of Moldova No. 30-31 as of February 26, 2010).
2. Resident economic entities, regardless of the form of property and legal organizational form are obliged to be registered in their authorized bank accounts in the Republic of Moldova the revenues from exportation activities within the terms established by the legislation, otherwise they venture to be sanctioned for not repatriating money means. In order to avoid the application of mentioned sanctions against economic entities, the Government issued the Decision which stood for not applying pecuniar sanctions on repatriated money means gained from the export of alcoholic production exported to the Russian Federation during April 1, 2005 and April 1, 2006, registered according tot he condition as of October 17, 2008. (Government Decision No. 59 as of February 4, 2010, Official Monitor of the Republic of Moldova No. 20-22 as of February 9, 2010).
3. In the view of classifying uniformely the same goods, and for making more efficient customs control over the goods crossing the border of the Republic of Moldova, and for identifying them in accordance with the List of Goods, the Customs Service approved the Methodological Norms on the Classification of “PVC Boardings”. (Order of the Customs Service No. 54-O as of February 19, 2010, Official Monitor of the Republic of Moldova No. 30-31 as of February 26, 2010).
Labour legislation
It has been ratified the Collective Convention of national level “Guaranteed minimal quantum of the salary in the real sector”. According to the Convention, starting with February 1, 2010, the guaranteed minimal quantum of the salary in the real sector (in companies, organizations, financially-autonomous institutions, regardless of the form of property and legal organization) will make up 6.51 lei per hour, that is 1,100 lei per month, calculated for a full working month of 169 hours per month, on average. As for the personnel engaged in the agricultural and silvicultural sectors the minimal guaranteed quantum of salary will be issued at 90% rate of the nominal size (5.86 lei per hour or 990 lei per month), and for auxiliary personnel from this sector, the basic salary will be set at least at 3.55 lei per hour or, at least at 600 lei per month, calculated on basis of a full 169 working hours per month. Economic entities, including the ones engaged in agriculture and silviculture have the right to gradually implement the guaranteed minimal quantum, depending on financial possibilities, but not later than May 1, 2010. (Collective Convention (national level) No. 9 as of January 28, 2010, Official Monitor of the Republic of Moldova No. 18-19 as of February 5, 2010).
Banks and banking activity
Taking into consideration the evolvement of monetary and macroeconomic figures, including the level of inflation, the Management Board of the National Bank of Moldova decided:
- to increase the rate applied for main monetary-policy operations on short-term by 1.0 percentage point from 5.0% to 6.0% annually;
- to increase the interest rate for overnight credits by 1.5 percentage points from 7.5% to 9.0% annually;
- to increase the interest rate for overnight deposits by 1.0 percentage point from 2.0% to 3.0% annually;
- to increase the basic rate for long-term credits (more than 5 years) by 1.0 percentage point from 5.0% to 6.0% annually.
- to maintain the compulsory reserves norms norm of means in Moldovan lei and inconvertible currency, as well as the compulsory reserves norm in free convertible currency, at the rate of 8% of the basic calculation.
(Decision of the National Bank of Moldova No. 19 as of January 28, 2010, Official Monitor of the Republic of Moldova 15-17 as of February 2, 2010).
Regulations in various fields
1. In the view of establishing a legal framework for making the natural gas market more efficient and for the carrying out of activities related to natural gas as a whole, the parliament adopted the Law on natural gases. (Law No. 123-XVIII as of December 23, 2009, Official Monitor of the Republic of Moldova No. 23-24 as of February 12, 2010).
2. Also, it has been adopted the Law on electric power, the purpose of which is to create a legal framework for making more efficient, regulating and opening the electric power market per stages, for carrying out activities related to electric power sector and for producing thermal power in thermal power supply stations. (Law No. 124-XVIII as of December 23, 2009, Official Monitor of the Republic of Moldova No. 23-24 as of February 12, 2010 ).
3. The reporting entities (financial institutions, audit companies, insurance companies, notaries etc.) mentioned in the Law on the prevention and control of money laundering and terrorism financing No. 190-XVI as of July 26, 2007 are obliged to inform the Center for Controlling Economic Crimes and Corruption about any suspicisous activity or transaction. In this view, the Information and Security Ceter issued the Order No. 75 as of November 14, 2007, which approved the List of persons and entities involved in terrorist activities. The Order of the Information and Security Service No. 7 as of February 5, 2010 amends the given list. (Official Monitor of the Republic of Moldova No. 25-26 as of February 16, 2010).
