The state-run enterprises in 2017 were to transfer 41.5 million lei deductions to the state budget. Also, the joint stock companies in which the state owns shares were to transfer 121.8 million lei in dividends. In a note accompanying the 2018 draft state budget law that was approved by the Cabinet in its last meeting, the Ministry of Finance says the economic entities with state capital that were subject to financial monitoring in 2016 made net profit totaling 196 million lei. One year earlier, they sustained losses of over 1.2 billion lei, IPN reports.
A number of 81 entities of those monitored continued yet to suffer losses. At 28 of them, the net losses were larger than 1million lei. SA “Termoelectrica” reported losses of 72 million lei, Moldova’s Railways of 53 million lei, by 5.2 million lei less than in 2015, while the losses of the Chisinau Glass Factory rose by 3.3 million lei on 2015.
Most of the economic entities with state capital repay loans to banks and the loans have been rescheduled not only once, remaining a burden. Among other problems are the non-registration of public heritage facilities, the poor or even fraudulent management of these and the lack of separate accounting for social facilities.
Deputy Prime Minister Octavian Calmac, Minister of Economy and Infrastructure, told a news conference that the state-run companies and joint stock companies in which the state has controlling interest are to be restructured during the next two years. This is also provided in the new law on state-owned and municipal enterprises that was adopted by Parliament earlier this week.
