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LAW OF THE REPUBLIC OF MOLDOVA

of March 13, 2003 No. 113-XV

About measures for improvement of financial and economic provision of the livestock companies

(as amended on on July 15, 2010)

The parliament adopts this organic law.

Art. 1. - Debts on external credits of the companies for production of pork are refrigerated till December 31, 2010 (appendix 1), provided within the PL-480 Program (tranches of I-V) and the International Bank for Reconstruction and Development (IBRD), and also debts on the domestic credits granted by the Ministry of Finance as of day of entry into force of this law with payment by installments of their repayment by equal parts during the period from January 1, 2011 to October 1, 2013.

Art. 4. - Debts of the poultry-farming companies are refrigerated till December 31, 2010 (appendix 4) on the external and domestic credits granted by the Ministry of Finance as of day of entry into force of this law with payment by installments of their repayment by equal parts during the period from January 1, 2012 to October 1, 2011 based on the agreements signed with the Ministry of Finance.

Art. 4/1. -       Debts on the percent, penalty fee and other sanctions which are added/applied on the external and domestic credits granted by the Ministry of Finance within the PL-480 Program (tranches of I-V) and the International Bank of Reconstruction of Development (IBRD) to the livestock companies specified in appendices 1 and 4 are written off as of January 1, 2010. Since January 1, 2011 percent are charged and paid quarterly according to the interest rate equal to base rate of National Bank of Moldova.

Art. 6. - To bodies of local public authority:

a) consider the possibility of freezing till October 1, 2013 of debts to local budgets of the companies for production of pork (appendix 5) on the added and not transferred payments on taxes into local budgets, including penalty fee and penalties on them, based on the agreements signed by the specified companies with bodies of local public authority;

Art. 7. - The spread debts are reflected in reports of the business entities specified in the appendices 1,4 and 5, as long-term financial debts.

Art. 7/1. - The amount of the debts on percent, penalty fee and other sanctions which are written off according to article 4/1 is reflected in financial statements of the livestock companies specified in appendices as free profit.

Art. 9. - To the government:

a) perform permanent monitoring of accomplishment of the business plans developed by the livestock companies specified in appendices 1 and 4, and if necessary to make decisions on increase in overall performance of the specified companies. Annually in the first quarter to consider the course of accomplishment of this law and to inform on it Parliament;

b) conduct negotiations with potential investors on implementation of investment projects at the livestock companies specified in appendices 1 and 4, actively and effectively protecting interests of the state;

c) provide modification and amendments in earlier signed agreements of crediting of the livestock companies specified in appendix 3, according to provisions of this law;

Art. 10. - The appendices 1,4 and 5 are component of this law.

 

Chairman of the parliament

Eugenia Ostapcuc

Appendix № 1

Debts of the companies for production of pork on external and domestic credits

 
-----+-------------------------------+-----------------------------+--------------------------------------+----------------------------------
¦ N ¦ Наименование ¦ Производственная мощность ¦ Доля в имуществе, % ¦ ¦
¦п.п.¦ предприятия ¦ ¦ ¦ ¦
+----+-------------------------------+-----------------------------+--------------------------------------+---------------------------------+
¦ ¦ ¦ ¦ ¦ ¦
+----+-------------------------------+-----------------------------+--------------------------------------+---------------------------------+
¦ ¦ ¦ ¦ ¦ ¦
+----+-------------------------------+------------------+----------+---------+--------+---------+---------+---------------------------------+
¦ ¦ ¦ пого- ¦ мясо, ¦ госу- ¦куплен- ¦ учреди- ¦ коллек- ¦ Остаток задолженности по ¦
¦ ¦ ¦ ловье, ¦ тонн ¦ дарства ¦ ная ¦ телей ¦ тива ¦ кредитам ¦
¦ ¦ ¦ тыс. ¦ ¦ ¦частными¦ и фон- ¦ ¦ на 1 января 2010 г. тыс.леев ¦
¦ ¦ ¦ гол. ¦ ¦ ¦ лицами ¦ дов ¦ +--------------------+------------+
¦ ¦ ¦ ¦ ¦ ¦ ¦ ¦ ¦ внешние кредиты ¦ внутренние ¦
¦ ¦ ¦ ¦ ¦ ¦ ¦ ¦ ¦ ¦ кредиты ¦
+----+-------------------------------+------------------+----------+---------+--------+---------+---------+--------------------+------------+
¦ 1 ¦ Акционерное общество ¦ 36,0¦ 4000¦ ¦ ¦ ¦ 100,0¦ 2403,0 ¦ ¦
¦ ¦"Carnevarus", Сынджерей ¦ ¦ ¦ ¦ ¦ ¦ ¦ ¦ ¦
+----+-------------------------------+------------------+----------+---------+--------+---------+---------+--------------------+------------+
¦ 2 ¦Акционерное общество ¦ 36,0¦ 4000¦ ¦ ¦ 57,0¦ 43,0¦ 3879,7 ¦ 19,7 ¦
¦ ¦"Deana-Comrat", Комрат ¦ ¦ ¦ ¦ ¦ ¦ ¦ ¦ ¦
+----+-------------------------------+------------------+----------+---------+--------+---------+---------+--------------------+------------+
¦ 3 ¦Производственный ¦ 36,0¦ 4000¦ ¦ ¦ 38,2¦ 61,8¦ 3508,4

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