The moratorium on the receipt of new applications for obtaining Moldovan citizenship by investment was extended until January 1, 2021. A draft decision to this effect was approved by the Cabinet on February 26, IPN reports.
Minister of Economy and Infrastructure Anatol Usatyi said the bill on the initiation of a new moratorium was drafted to offer more time for thoroughly examining this subject and for taking a final decision concerning the citizenship by investment program.
The moratorium was instituted on August 23, 2029 for a three-month period. It was extended for another two months, as of December 20, by a Government decision.
About a week ago, Prime Minister Ion Chicu said Parliament is the one that should decide if the moratorium on the citizenship by investment program must be extended or not. If the law is repealed, the potential damage to the state budget will be rather significant.
