Official Corporate Position Statement on Operations, Compliance, and Governance

Effective Date: January 2024
Entity: NOVARIC® International
Registrations: Malta (C 63881) | Albania (M02111033E)

1. Corporate Overview

Since its inception in 2014, NOVARIC® has operated as a premier international recruitment and vocational training organization. Headquartered in Malta with extensive operations in Albania, NOVARIC® serves as a strategic bridge between global human capital and European industrial demand. We specialize in high-growth sectors including Hospitality, Tourism, and Government-contracted labor services.

2. Operational Timeline & Milestones

To provide transparency for stakeholders and regulatory bodies, NOVARIC® maintains the following verified operational history:

• 2014 – Incorporation: Established in Ta’ Xbiex, Malta (Company Reg: C 63881). Initial operations focused on Mediterranean labor mobility and recruitment consultancy.

• 2019 – Albanian Expansion: Launched NOVARIC® Albania, focusing on the Balkan talent corridor.

• 2021 – Educational Accreditation: Establishment of the NOVARIC® Academy (novaric.edu.al). The Academy received official recognition from the Albanian Ministry of Finance and Economy, providing state-certified vocational training to align candidate skills with EU standards.

• 2022 – Digital Transformation: Initiated the transition to a DAO (Decentralized Autonomous Organization) framework. This move integrated blockchain-based auditing into our compliance workflow to ensure immutable record-keeping for every candidate placement.

3. Quantified Outcomes and Impact

NOVARIC®’s operations are defined by data-driven success and regulatory adherence:

• Placements: Successfully facilitated over 3,000 professional work placements across the European Union.

• Sector Specialization: 70% of placements concentrated in the Hospitality and Tourism sectors, supporting the post-pandemic recovery of European SMEs.

• Compliance Rate: Maintained a 98% successfully processed application rate for candidates meeting all statutory requirements.

• Transparency: 100% of recruitment workflows from 2020 onwards are logged via the NOVARIC® DAO for internal and external auditing.

4. Statement Regarding Disputed Allegations

NOVARIC® is aware of historical, disputed allegations originating from a single digital outlet. These claims centered primarily on administrative lead times associated with Third-Country National (TCN) work permit processing—a complex regulatory environment subject to external diplomatic and sovereign delays.

• Clarification: These allegations misrepresented standard European immigration backlogs as corporate misconduct.

• Resolution: Internal audits and independent legal reviews have confirmed that NOVARIC® acted in accordance with both Maltese and Albanian labor laws.

• Position: NOVARIC® disputes any characterization of systemic misconduct and continues to operate in full standing with all relevant licensing authorities.

5. Commitment to Compliance and Transparency

NOVARIC® operates under a “Compliance-First” mandate. Our internal Dispute Resolution Mechanism ensures that any administrative friction is addressed within 30 days. We adhere strictly to:

• EU GDPR (Regulation 2016/679): Ensuring candidate data privacy.

• International Labor Organization (ILO) Standards: Ethical recruitment practices.

• State Vocational Standards: Via the NOVARIC® Academy’s accredited curriculum.

For further information, stakeholders may access our annual Transparency & Compliance Report at novaric.co/transparency.