In order to achieve the objective of national economy growth, the Ministry of Economy takes a number of actions to improve the public property administration by improving the framework of administration and transfer of public property into private property. 


In 2013, amendments were made to the Law on administration and transfer of public property into private property no. 121-XVI of May 4, 2007 that are aimed at eliminating contradictory interpretations and discrepancies identified during its enforcement. As a result, the duties of the authorities in charge for administering and transferring public property into private property and of central public authorities were defined and specified in terms of transferring the goods that are the state public property, the establishment of usufruct on goods that are public property and property of commercial companies where the state has full or majority share was prohibited, the state share was extended from 25% to 33% in joint-stock companies that are in the process of privatization the shares of which can be used to pay off the state debts to the participants in privatization, etc.


To improve the public property administration, amendments to the Regulation on invalidating the used goods, reported as fixed assets were developed and are being promoted. These amendments are aimed at disciplining and standardizing the procedures and documents related to the invalidation of fixed assets of state enterprises, commercial companies with state share in the share capital and public institutions. In addition, the requirement to coordinate the invalidation of fixed assets whose service life has not expired with the Public Property Agency was included to avoid non-compliance of the list of assessed assets with the list valid during the sale of the company’s property. 


In addition, the procedures of record keeping of individuals delegated by central public authorities to represent the state in joint-stock companies with state share and state enterprises, as well as of monitoring their participation in the board meetings, exercising their duties and remuneration were regulated. Moreover, the volume of charity actions and sponsorships that can be distributed by the boards of joint-stock companies with state share and of state enterprises was regulated.


To improve and strengthen the role of central specialized authorities in public property administration, the state shares in SA “Moldcinema”, SA “Energocom”, SA “Gara Nord” and SA “SUDOR” joint-stock companies were transmitted to the Public Property Agency on a free basis and the exercise of the shareholder’s rights and of the rights on state property administration were transmitted to the line ministries on the basis of the cession (transmission) contract in line with the current legislation.