Moldovan government prepares large sale of state property
The state's minority stake in SA "Banca Comercială Moldindconbank" can be offered for sale on the regulated market.
According to the draft government decision, the sale of the state's stake in Moldindconbank on the regulated market is justified by the minority nature of the stake, which does not give the state control or significant influence over the bank's activities. The information document states that this method will ensure transparency, liquidity and the formation of a fair price on the market. The privatization of the state's minority stake in Limi-Impex is planned in the same way. At the same time, the government proposes to auction the state's stake in Metrompas. According to the arguments presented, the state's stake is minority, and the auction will make it possible to quickly and efficiently capitalize the asset, without imposing additional investment obligations. The project also aims to privatize some important state-owned enterprises. For example, the Chisinau glass factory will be privatized through an investment auction. The authorities claim that the enterprise is one of the main producers of glass packaging in Moldova, occupying approximately 30 percent of the domestic market and exporting products to over 30 countries. At the same time, the depreciation of assets reached approximately 81%, which will require significant investments in modernization and development. By organizing an investment auction, the state intends to attract an investor who will ensure technological modernization, increase energy efficiency and maintain the profile of the enterprise. Also, the state-owned enterprise Hotel Zarea will be privatized by auction. The information document states that the enterprise operates in a competitive sector and does not meet public policy objectives. The authorities note that although the hotel market has grown significantly after 2021, the hotel's market share has steadily decreased, and profitability is well below the market average. At the same time, the ultra-central location of the property gives it high potential. The Government also proposes to privatize the state-owned enterprise "Publishing and Printing Enterprise "Ştiința" and the state-owned enterprise "Editura Didactica de Stat Lumina" by auction. According to the draft, both enterprises operate in a sector dominated by private operators and have low market competitiveness. The document also provides for the inclusion in the list of assets to be privatized of the experimental chemical enterprise Izomer, which has not carried out production activities in the last three years and has no realistic prospects of returning to state ownership. The authors of the draft law mention that the proposed amendments are also aimed at meeting the budget objective for 2026, estimated at 700 million lei.
Source: logos-press.md
