IFRSs can improve Moldova's investment attractiveness

Moldova has the normative-legislative framework needed to implement the International Financial Reporting Standards (IFRSs).

If the Moldovan companies implement them, the country's investment attractiveness will increase, Laurentiu Vasile, senior audit manager of Baker Tilly Klitou Company, said during a news conference.

Laurentiu Vasile said that in February 2008 the Government decided to implement IFRSs for public interest entities in Moldova. The law on joint stock companies defines 120 public interest entities that are of significant public relevance because of the nature of their business, their size or their number of employees (more than 500), in particular companies whose securities are admitted to trading on the stock exchange and have a dominant position on the market.

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