One of the main topics of the agenda was the election of FIA Board members. On September 8, 2011, at the next FIA Board Meeting, the newly-elected Board will elect its President and Vice President.

On Thursday, May 19, FIA participated in a National Employers Confederation roundtable focused on the presentation of main amendments that should be operated in the Labor Code. The event gathered more than 60 participants on behalf of the Government, Trade Unions and business environment. FIA was represented by 7 persons. The amendment document contains all FIA recommendations from the White Book which refer to changes in the Labor Code. FIA and the National Employers Confederation believe that the event constituted the first step for re-launching the dialogue on changing the core principles of the Labor Code, that should be in line with those of a market economy.

FIA members met Mr. Nikolay Gyorgyiev, Head of Mission and Mr. Tokhir Mirzoev, IMF Representative to Moldova in order to express their views on the current situation of Moldova's business environment. The initiative belonged to the IMF office in Moldova, which contacted FIA 10 days prior to the event. At least 9 FIA members presented problems they face in their business activity, focusing especially on the lack of a tax policy which makes impossible any cash flow planning, on problems linked to unfair treatment of economic agents which operate in the same sector, on caveats generated by the weak justice system, land tradability issues, etc

Meetings with IMF Mission to Moldova representatives became a tradition during past years. 

During the meeting, FIA members had the occasion to constructively discuss with the Governor of the National Bank of Moldova, through a useful exchange of information for both sides. Mr. Dragutanu informed FIA on latest key economic and financial indicators of the Republic of Moldova and FIA members presented various legislative/regulation caveats, taken out from their daily business activity. The sides communicated positively on the annulation of the legislative provision in regards to the interdiction of keeping foreign currency for more than 7 days in the accounts of legal persons.

Both sides which were present at the meeting signaled on certain problems and bureaucratic caveats in regards to opening and developing businesses in Moldova. 

Dinu Armasu, Executive Director of FIA, underlined the openness of the association to collaborate with the authorities for the development of the country’s economy, inclusively through elaboration of proposals which would lead to the improvement of the legislation and to the development of the investment climate of the Republic of Moldova.

Prime Minister Vladimir Filat mentioned, in his turn, the importance of maintaining an efficient partnership during the process of foreign investment promotion in the Republic of Moldova. In this context, His Excellency declared that keeping the “zero” tax for reinvested profits for the next two years clearly comes to confirm that the Government has intentions to facilitate business development in the Republic of Moldova.

The participants agreed upon organizing tri-monthly meetings during which would be discussed existent problems, would be evaluated the achievements and would be pointed out the objectives for the next period.