Moldovan cabinet to work out draft regulating mechanism of examining investments

Chisinau, 11 March /MOLDPRES/ - The government has taken commitment and started the process of working out, with the support of development partners, of a draft law due to regulate the mechanism of examining the investments which can hit the country’s security and public order, under a cabinet decision approved at a meeting today. The decision came up as a result of a legislative initiative on foreign investments.

In order to get in line with the best international practices, including the European Union’s regulations, the government recognizes the importance and the benefits of the viable investments in Moldova’s economy, which do not threaten the state’s security and public order. ‘’Thus, we deem as relevant the initiative from the conceptual viewpoint; yet, we conclude that the regulation of the mechanism of examining investments, which can hit the country’s security and public order, needs a more complex approach from the point of view of more factors,’’ the government’s note reads.     

Among these factors, decision-makers named the establishment of the sectors of importance for the state’s security; of investors’ rights and obligations, which are to be regulated under law; establishing the responsibility for the public authorities involved in the process; determining the quota of investor’s transactions; limiting the rights of investors, if the provisions of the mechanism of investments’ evaluation are not observed; regulation of the principles of monitoring the observance of the post-trading requirements by investors, other than the changing of control, etc.       

The draft will be elaborated, in order to ensure the regulation of problems identified in this context, as well as to carry out the government’s Action Plan for 2020-2023.