dimanche 16 août 2009

The quality of the roads from Republic of Moldova, worse than in some African villages, according to a World Economic Forum rating

The quality of the roads from Republic of Moldova, worse than in some African villages, according to a World Economic Forum rating
Republic of Moldova is the last country in the world a far as the quality of the road is concerned. According to a rating realized by World Economic Forum, Republic of Moldova records a score of 16 points of 7, DECA-press Agency transmits.
At the category “road quality”, Republic of Moldova is the 124th, being followed only by Chad, an African state, where there are the worst roads of the world. Better roads than in Moldova are recorded in under-developed countries such as: Angola, Cameroon and Mauritania.
The global average indicator of the road quality in the world is 3,4 points.
The neighbours of Republic of Moldova also do not have god roads, according to the cited top. Ukraine is the 104th with a score of 2,2 of 7 points, and Romania has 2,1 of 7 points (the 111th).
In the Eastern Europe, the first place is occupied by Croatia in this context (the 37th in the world with 4,7 points). The most qualitative roads of Europe are recorded in France (the second place in the world). The first place belongs to Singapore. In the Easter Europe, the first place is occupied by Croatia (the 37th place in the world with 4,7 points). Of the former Soviet countries, the best roads are recorded in Latvia (the 62nd place with 3,4 points of 7). // DECA-Press

jeudi 13 août 2009

Property - Doing Business in Moldova

Property - Doing Business in Moldova
Property

The property right is declared and guaranteed in the Republic of Moldova based on the Constitution and international acts the Republic of Moldova is a party to.

Property is public and private. It consists of intellectual and material assets. The public property right, as well as state bonds is guaranteed.

Nobody can be expropriated solely for the cause of public utility established under the law with fair preliminary compensation. Legally obtained property cannot be confiscated. The legal nature of the obtained property is presumed.

The right of private property inheritance is guaranteed.

The only restriction refers to the right of inheritance of agricultural lands or forest funds. Thus, foreign citizens or economic entities/foreign or mixed companies cannot own agricultural lands.

The legislation implicitly stipulates that the right to purchase and sell agricultural lands belongs to the state, individuals, citizens of the Republic of Moldova, as well as legal entities whose statutory fund does not contain foreign capital.

If foreign nationals or stateless persons become agricultural land or forest fund owners through legal or testimonial inheritance, they are entitled to alienate them through legal acts only between living citizens of the Republic of Moldova.
Nevertheless, there are a number of legal means, through which a foreign company or a foreign national can own agricultural lands.