The Supreme Council
of the Pridnestrovian Moldavian Republic

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About money and protectionist measures

09.02.2016

The participants of the weekly meeting of the Presidium of the Supreme Council determined the agenda of the next plenary meeting of the Parliament. The closest will be held tomorrow - on 10 February next - February 24th.

The parliamentary committee on economic policy, budget and finance placed two draft regulations concerning implemented in the state of monetary policy for consideration of deputies of the Supreme Council for tomorrow's plenary meeting. The first document we are talking about the approval estimates of Pridnestrovian Republican Bank for the current year and the distribution of profits of the order of the central bank, remaining at its disposal. According to the head of the parliamentary committee on economy Alexander Martynov, several working meetings were held on this topic. Their result was a substantial adjustment of estimates of revenues and expenditures of the central bank PMR. So, the amount of the wage was twice reduced, official travel expenses, participation in the congresses were decreased. In addition, a preliminary agreement on the dismissal of 100 percent of the profits of PRB to the national budget in order to reduce the deficit, including the socio-protected articles was achieved. The final decision on the content of the draft decree of the legislature "On approval of estimates of revenues and expenditures of the central bank PMR 2016 and the order of distribution of central bank profits, remaining at its disposal" is up to the deputies.

The Committee on Economic Policy, Budget and Finance also prepared a draft decree of the Supreme Council "On the main directions of the single state monetary policy for 2016 and the planning period of 2017 and 2018" for adoption in the second and final reading. The main message of this financial instrument – is the establishment of "currency corridor" within 11 rubles - 11 rubles 30 kopecks per US dollar. According to members of the responsible committee, PRB was able to substantiate the realism of these parameters is "currency corridor".

From the head of state in the regime of legislative emergency in The Supreme Council received law-in-draft to change some provisions of the law "On taxes on income of organizations". The essence of the proposed innovation consists of the abolition of the so-called tax losses following the results of 2015 for companies operating in the tolling (light industry, clothing and footwear enterprises), as well as to all business entities formed in the last year. According to the current legislation companies that operate on the tolling scheme, producing from the supplied raw materials finished products, however, are reporting as organization of service. Experts estimate the legislative initiative, which will be tomorrow considered by people's deputies during the plenary session, as the real measure of support to domestic producers facing problems with the export of goods to foreign markets.

The parliamentarians will also consider a law-in-draft suggesting amendments to the law "On the status of the capital of Pridnestrovie", initiated by the deputy Grigory Dyachenko. This is a question of consolidating the rule of law, according to which the location of the higher organs of state power is the capital of the republic - the city of Tiraspol.

There is a request of the prosecutor of the republic at the Supreme Council, who asks deputies to give an interpretation to some articles of the law on local authorities and local self-government in terms of what is meant by the term "the total number of the elected deputies". Chairman of the relevant committee of the Supreme Council of the local authorities, local government and housing Oleg Vasilaty during the meeting of the Presidium of the Parliament said that instead of the interpretation of the term "the total number of elected deputies" prepared amendments to the basic law regulating the activities of local authorities.