The period for closing the outcry auctions on the Stock Exchange will not be shorter than 30 days of the day the announcement about the auctions is published, IPN reports, quoting the amendments to Article 31 of the regulations concerning the sale of state-owned shares on the Moldovan Stock Exchange, which are to be approved by the Government in its October 16 meeting.

According to the Public Property Agency, the outcry auctions on the Stock Exchange are now closed 20 days after the announcement about the privatization offers is published. This period turned out to be too short for the potential investors to inform themselves. Many of them would like to visit the enterprises whose shareholdings are auctioned so as to see their state. The extension of the auctioning period will create better conditions for the investors.

As Deputy Prime Minister and Minister of Economy Valeriu Lazar said earlier, a new round to privatize public property may take place by this yearend and state-owned holdings can be thus sold through the Stock Exchange.