Moldovan official journal roundup for 2 December
11:20 | 02.12.2022 Category: Economic
Chisinau, Dec. 2 /MOLDPRES/- The legislative amendments on adjustment of the values serving as criteria for defining the status of micro, small and medium enterprises were published today in the Official Journal.
Under the document, following the changes, the number of companies registered as small and medium enterprises will increase by at least 805 companies. Thus, they will be able to benefit from additional support opportunities from the state, but also at the international level.
The changes provide for the doubling of turnover thresholds for the award of micro, small and medium enterprise status. Thus, the micro enterprise will be considered the company that achieves an annual turnover of up to 18 million lei (about 900 thousand euros) or has total assets of up to 18 million lei. In the legislation in force, this ceiling is 9 million lei. Small businesses will be those that achieve an annual turnover of up to 50 million lei or have assets of up to 50 million lei, instead of 25 million lei, as it is currently. Respectively, for medium-sized enterprises, these figures would increase from 50 million to 100 million lei.
Also, the lower limits of the number of employees for the classification of small and medium enterprises will be removed.
The law enters into force after publication in the Official Journal.