ECONOMIC COUNCIL TO THE PRIME MINISTER OF THE RM

The Secretariat of the Economic Council to the Prime Minister is supported by the European Bank for Reconstruction and Development, funded by the UK Government’s Good Governance Fund
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New legislative changes are being prepared to digitise the economy

25 January 2022 – The Digitisation Packages 2.0 and 3.0 provide for legislative changes in the area of notaries and e-commerce. This was announced by Deputy Prime Minister for Digitisation Iurie Țurcanu at the Advisory Council for Digitisation of the Economy – iConsiliu”, which he chairs.

According to Iurie Țurcanu, the legislative proposals in the first draft on the digitization of some notarial services for the business community have already been presented to stakeholders, and at this stage they are being finalized on the Economic Council platform. The aim of the amendments is to technologise the relationship between the notary and the businessman, in particular with regard to the delegation of certain powers of attorney and the processing of certain types of transactions using digital tools.

The third legislative package concerns e-Commerce.  The document aims to bring clarity in terms of stimulating the development of the cashless economy, including e-commerce; providing institutional and regulatory support for the development of the Fintech sector in Moldova; and implementing innovative alternative tools to support the development of electronic payments. According to Iurie Țurcanu, a screening of the laws on e-commerce, domestic trade and consumer protection is now being carried out in order to align them with the current provisions on online sales.

The chairman of the Parliamentary Committee on Economy, Budget and Finance Dumitru Alaiba, present at the meeting, said that the Parliament is open to receive and promote initiatives that modernize and facilitate economic activity. It is important that these initiatives are developed jointly with the business environment and bring to our country the best international practices in the field. The fact that the implementation of several digital innovations in vital areas is delayed only makes our country less competitive and less attractive for investment. These inconsistencies must be removed as soon as possible, the MP said.

Meanwhile, to monitor the implementation of the legislative changes in the first digitisation package, the Economic Council to the Prime Minister has developed a Progress Monitoring Matrix, which lists immediate actions for the next stage and performance indicators. The Deputy Prime Minister called on the members of the platform to alert any shortcomings in this regard so that they can be eliminated as quickly as possible and the approved changes become business-friendly as soon as possible.

Iurie Țurcanu stressed that this could also be done through the BizRadar Virtual Business Community Application, thus announcing its official launch.  This mobile App, which can be downloaded to your phone from the Apple Store or Google Play, will quickly find its niche and generate added value. Strengthening the business community and being able to react quickly in both directions – G2B and B2G, can make it a very useful tool for decision making, added Iurie Țurcanu, calling on the members of the Economic Council to make use of it, and the Government in turn will react promptly to the feedback received.

The Secretariat of the Economic Council will monitor the whole process of implementation of the first digitisation legislative package and continue working on projects aimed at digitising notaries and e-commerce.

The Secretariat of the Economic Council to the Prime Minister is supported by the European Bank for Reconstruction and Development, funded by the UK Government’s Good Governance Fund, and the International Finance Corporation’s Investment Climate Reform Project funded by the Government of Sweden’s International Development Agency.

The Secretariat of the Economic Council to the Prime Minister is supported by the European Bank for Reconstruction and Development, funded by the UK Government’s Good Governance Fund.

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