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Profile updated: 18.03.22
 Mihail Olarescu 
 politician 
Date of Birth: 22.07.1985
Citizenship: Republic of Moldova
A graduate from the Moldovan Academy of Economic Studies, Mihail Olarescu is an economist by training, and before joining politics he was managing a number of firms, including some of his own.

In July 2015, he joined the Moldovan European People’s Party (PPEM), a fresher political actor created by ex-premier Iurie Leanca. He was also appointed PPEM’s head of the Cimislia District branch.

At the local elections the same year, Mr. Olarescu runs for a seat in the district council on behalf of PPEM. He won a mandate and later that year he obtained the seat of the district’s chairman.

Two years later, in September 2017, he quits from PPEM and in November he resigned from the chairman’s office.

In April 2019, Mr. Olarescu joined the Moldovan Democratic Party (PDM) and was promoted into leadership of PDM’s branch in Cimislia. With PDM, he ran for the post of mayor in Cimislia in 2019, with no success though. Yet he earned a mandate as a district councilor and then he reclaimed the post of chairman of Cimislia District.

The Olarescu family owns three firms: Global Lux SRL, which was founded in 2012 and deals with clothes retail; Meridian-Mall SRL, founded in 2014 and deals with the cleaning of interiors or buildings and cars; and IT OM Grup SRL, founded in 2019 as software on-demand business.
   Political Affiliation 
   Private Function 
   Public Function 
   Career 
11.2019
Cimislia District Council
chairman
10.2019
Cimislia District Council
11.2019
counselor
07.2015
Cimislia District Council
11.2017
chairman
06.2015
Cimislia District Council
07.2015
counselor
2014
Arta Zidarului LLC
2015
administrator
2014
Catadeni-Lux LLC
2015
executive director
2014
Meridian-Mall
2015
administrator
2013
Lashez
2014
project coordinator
2012
Cosmopolitan
2013
project coordinator
2012
Global Lux LLC
2015
executive director
2008
IE Sapfir-Olarescu
2012
economic consulatnt
2007
Comercial Center ”Cimislia”
2009
site administrator
04.2019
member of the party, president of the Cimislia Territorial Organization
2015
European People's Party of Moldova
09.2017
member of the party
   Income 
2020
Total: 891.698,34 MDL
2019
Total: 256.210,38 MDL
2017
Total: 223.587,09 MDL
2016
Total: 1.250,00 EUR
229.995,98 MDL
2015
Total: 40.560,00 MDL
   Real Estate 
2019
House
Value: 394.900,00 MDL
Area: 93.6 mp
Ownership: 100%
Owner: spouse
2019
Land
Value: 394.900,00 MDL
Area: 0,0841 ha
Ownership: 100%
2013
Commercial space
Value: 3.342.022,00 MDL
Area: 629,4 mp
Ownership: 72,2%
2013
Land
Value: N/A
Area: 0,5091 ha
Ownership: 100%
2012
Agricultural land
Value: 20.000,00 MDL
Area: 1,4714 ha
Ownership: 100%
2012
Agricultural land
Value: 20.635,00 MDL
Area: 1,8332 ha
Ownership: 100%
2008
Land
Value: 10.247,00 MDL
Area: 0,1046 ha
Ownership: 100%
2007
Land
Value: 230.986,00 MDL
Area: 0,0819 ha
Ownership: 1/6
2005
Land
Value: N/A
Area: 0,7591 ha
Ownership: 100%
1995
Apartment
Value: 59.244,00 MDL
Area: 68,1 mp
Ownership: 25%
Owner: spouse
   Mobile Assets 
2018
Car
Hyundai
Value: 17.800,00 EUR
2015 - 2017
Car
Skoda
Value: 15.000,00 EUR
2012 - 2019
Car
Hyundai
Value: 36.285,00 MDL
Company
Global Lux LLC
Value: N/A
Company
Meridian-Mall LLC
Value: N/A
Company
IT OM Group LLC
Value: N/A
Owner: spouse
   Bank Accounts 
 Total: 600,00 USD
   Loans (Taken) 
2020 - 2025
  spouse
(8%)
26.000,00 MDL
Moldova-Agroindbank  
2020 - 2025
  Mihail Olarescu
(2%)
200.000,00 MDL
Moldova-Agroindbank  
2019 - 2024
  spouse
(1%)
49.000,00 USD
Golden Boys Auto Inc. (USA)  
2019 - 2025
  spouse
(1%)
45.000,00 USD
Royal Flush Auto Broker LLC (USA)  
2019 - 2025
  spouse
(1%)
45.000,00 USD
Valeriu Grebencea  
2019 - 2029
  spouse
(6%)
357.000,00 MDL
Moldova-Agroindbank  
2018 - 2022
  spouse
(9%)
17.800,00 EUR
BT Leasing  
   Documents 
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 Zinaida Greceanii 
 politician 
 Ion Ceban 
 politician 
 Corneliu Furculita 
 politician  
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   Connections 
member of the party, president of the Cimislia Territorial Organization
Global Lux LLC
associate (93,75%)
Meridian-Mall LLC
sole partner (100%)