Publications


Russian Economic Footprint in Moldova

Authors: Ion Butmalai, Tatiana Lariushin, Ion Preașca

Published in: 2021

Read the full report here: Romanian / English


The analysis aims to assess the Russian economic presence in Moldova from 2008 to 2018. The report follows similar analyses developed for the Western Balkans, specifically Ukraine and Armenia.

It shows how Russian-origin corrosive capital has penetrated Moldova’s strategic economic sectors and how Russia has leveraged such capital to gain political influence. Russia’s tools to exert its influence range from investments to political pressure to cultural, media, and religious campaigns.

Initial assessment of the Russian economic footprint in Tranistria

Authors: Ion Butmalai, Ion Preasca

Published in: 2021

Read the full report here: Romanian / English

The Russian capital is strongly present in Transnistria, but also the local one that is camouflaged and connected to Russian circles is huge. Soviet companies in the field of electricity and steel sector have been privatized and now are owned by Russian state companies. Due to the lack of public data, it is difficult to quantify the presence of Russian capital in the region, but it is obvious that it remains in control of important assets in the region. This allows it to influence the negotiation process and to leverage its position. It is important to mention that Russia aims to decrease its costs of supporting the region, this is why it tries to put this burden on the EU as a settlement cost in the negotiation process. It is without a doubt that business, small one and the big one represented by Sheriff take full advantage of DCFTA, but anyway, the pro-Russian rhetoric still persists.

Screening of foreign direct investments

Authors: Ion Butmalai

Published in: 2021

Read the full report here: Romanian / English

The key findings of the analysis reveal that, despite the relatively small presence of Russian capital in Moldova, it is used as a lever to influence the country’s political and social processes. In addition to the fact that Moscow is actively using the Transnistrian conflict to show its influence in the regional and geopolitical context, through companies under its control (MoldovaGaz, Moldavskaya GRES, media sources), and which were active on the banking market in the past, it also threatens the national security. Furthermore, Russia managed to make Moldova cover the partial support of separatism, through MoldovaGaz and Moldavskaya GRES. Corrosive capital can be associated not only with a government or political circles, but also with organized crime groups and money laundering networks. The massive presence of the Russian capital during the Laundromat, the inaction of state institutions, as well as the corruptibility of the judiciary system created conditions for the legalization of dirty money from Russia, and later for the theft of the billion. This report aims to initiate discussions on the screening of direct investments as a measure to protect national interests and to identify dual-purpose investments.

Data and the impact of digitization on the business environment

Authors: Mihai Manoli

Published in: 2021

Read the full report here: Romanian / English

The Paper presents the Case Study of JSC “MoldovaGaz” in light of its compliance with the Corporate Governance Standards, and the impact thereof on the Company financial status. According to the Study titled “Russian Economic Footprint in Moldova”, developed by CAPE, the presence of corrosive capital has been attested in the Republic of Moldova, which purpose is to adversely affect the economic and political processes in our country. The Joint-stock Company (JSC) “MoldovaGaz” has been identified as one of the largest Moldovan companies with private-public (Russian-Moldovan) capital. The huge debts incurred by “MoldovaGaz” towards “Gazprom” in the amount of USD 7.55 billion at the end of 2020, which accounts for circa 80% of Moldova GDP, impose a severe unprecedented risk on the country economic and social security. “MoldovaGaz” discloses no detailed information on consolidated financial statements, nor any information of public interest, which would enable us to carry out an assessment of company efficiency and observance of the national interest.

Data and the impact of digitization on the business environment

Authors: Ion Butmalai

Published in: 2021

Read the full report here: Romanian

In the last year, there is a growing demand for the digitalization of the economy, through a complex approach. This report aims to define a set of recommendations that would drive the path to the digitalization of the economy, namely the development of the business environment, increasing the degree of competitiveness but also the transparency of the decision-making process through qualitative public data. Therefore, this report is addressed to public institutions and the business environment, in particular the relationship between them, as well as the role of data in the decision-making process.

Study summary: Russian Economic Footprint in Moldova

Authors: Ion Butmalai, Tatiana Lariushin, Ion Preașca

Published in: 2020

Read the full report here: English / Romanian

A recent analysis by the Center for International Private Enterprise (CIPE) revealed a new trend related to financing private and public sectors of countries in geopolitical spheres of interest to authoritarian regimes. Based on sectoral case studies, this report further examines Moldova’s key governance gaps that corrosive capital can and have exploited.

Ensuring transparency of the decision-making process by the Government, subordinate institutions and local public authorities

Authors: Viorel Pirvan, Mariana Kalughin

Published in: 2020

Read the full report here: Romanian / Russian

This study assesses how the government, central and local public authorities of the Republic of Moldova comply with the requirements of transparency in the process of drafting and approving normative acts under current legislation.

Guide on organizing public consultations in the decision-making process

Author: Corina Dragomirescu

Published in: 2020

Read the full report here: Romanian / Russian

The manual on public consultations aims to stimulate a culture of transparency and efficient public consultations in the public administration of the Republic of Moldova and to increase the legitimacy of the public decision-making process, at all levels of public administration.

Analysis of transparency deficiencies in legislative process of the Parliament

Authors: Viorel Pirvan, Mariana Kalughin

Published in: 2019

Read the full report here: English / Romanian / Russian

This Study comprises several recommendations aimed to improve the regulatory framework and implement the transparency requirements existing in Parliament, which would take forward transparency in the work of the Parliament.