Moldova may create scrap metal monopoly

The ministry of economic development and digitalization in Moldova is considering establishing a state monopoly on delivery of ferrous and non-ferrous scrap metal. The new setup would apply to what the ministry termed as economic agents in the country who do not have fiscal relations with the budgetary system.

Dubbed a fiscal monopoly, the ministry said such measures can be implemented when state intervention is necessary to correct competitive deficiencies or to strengthen control over a nationally or strategically important market.

“The purpose of this tool is to protect citizens and society by promoting the public interest regarding the economic activities carried out by economic actors, as well as making a significant contribution to increasing state budget revenues,” the ministry said.

The National Commission for Fiscal Monopoly will annually monitor and evaluate the monopoly and recommend the government revokes the status should there be deviations from established norms, the ministry stated.

Latest in Market