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12 February 2012
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Interviews

Gheorghe Russu

Vice-director, The Center for Combating Economic Crimes and Corruption

Parties-Phantoms, Parties - State Institutions, Parties - State Enterprises

Ion PREAŞCĂ

20 parties have registered in the current election campaign. Many people say it is a too big number for such a small country as Moldova. At the same time, much more parties could take part in the election campaign.

Last week illustrated
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Activists launch Moldova’s first ‘Space Camp’ © Susan Coughtrie

Public contracts to be adjusted to inflation

The Government has decided that the value of the public contracts concluded for a period longer than one year will be adjusted to annual inflation, except for the first year of the contracts’ execution, Info-Prim Neo reports.
Info-Prim Neo, 19 July 2010, 11:24

According to Finance Minister Veaceslav Negruta, the application of this mechanism will exclude situations where the contractors are unable to obtain the sought profit due to rises in the prices of the respective goods or services.

The lack of a mechanism for adjusting the value of longer-term contracts has been the cause of contractors failing to meet their obligations under the contract, which would lead to the cancellation of the contract and the re-initiation of costly and time-consuming public procurement procedures.

The adjustment can be requested both by the contractors and the contracting authorities, either on their own initiative or on the recommendation of the relevant inspection bodies.

The request shall be submitted no later than 60 days from the publication of the latest inflation data.


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