8 December 2021

Gheorghe Russu

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

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


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

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

MOLDOVAGAZ prepares for large-scale reorganization

Moldovagaz [natural gas supplying enterprise] intends to make own reorganization by the merger of existent 13 subsidiary limited liability companies and by simultaneous creation of specialized enterprises on transportation, distribution and supplying of natural gas.
INFOTAG, 8 July 2011, 17:09

According to the Moldo-Russian enterprise administration, it is caused by the necessity to reduce permanent expenses, to increase efficiency of gas complex management and to adjust its structure in conformity with legal requirements.

The reorganization includes also the change of existent structure of property complex possession, reconsideration of actual contractual relations system, consolidation of money flow and redistribution of functional responsibility within the Moldovagaz group.

In order to achieve the tasks, the independent consulting company - Agency for Direct Investment - worked out a concept of Moldovagaz structure reorganization that was coordinated with stockholders and supervisory board.

It is expected that the reorganization will allow functionally divide the responsibility inside the Moldovagaz group into main areas of operation in conformity with Moldovan and EU legislation, to optimize composition, structure and staff of subsidiaries, etc.

According to preliminary estimates, only thanks to the administrative staff and incidental cost reduction it is expected that enterprise expenses will go down 20-25 million lei per year, which will influence "the decrease of gas supplying and distribution tariffs for consumers".

As Infotag has already reported, in February the internal security service of Moldovagaz revealed a fraudulent scheme on paying gas bills by Chisinau-Gaz consumers that functioned since 2004. Within the investigation it was revealed that 2.5 thousand clients used the scheme by paying to fraudsters only a part of the real amount established in bills. However even the money that consumers paid in cash never reached the enterprise. The aggregate damage was assessed in the amount of 32 million lei that are now paid off by consumers.

Head of Moldovagaz Alexander Gusev said that similar infringements were committed only at a subsidiary and in order to avoid it in the future he intends to buy and install a new system joining company's accounting with the consumer database.

© 2011 INFOTAG all rights reserved


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