The Public Property Agency has announced a new round of privatization of state public property that will take place between May 30 and July 18. This is the second round this year, IPN reports.

According to the Ministry of Economy, the initial selling price of the property is 894.44 million lei. Two contests will be held in the period, an investment one and a commercial one.

The movie theaters of Falesti and Leova towns and the Chisinau jewelry factory “Giuvaier” will be exhibited for sale in the investment contest for a sum of 10.7 million lei. The investments that will be made in these facilities within three years will be minimum 8.7 million lei.

In the commercial contest, there will be offered state-owned shares in two joint stock companies and 20 state-run companies and a building. The initial selling price of the property is 617.13 million lei.

The second privatization round will include an outcry auction to sell nine facilities and a descending-price auction to sell five facilities situated in rural areas. The initial price can be reduced to 50% of the selling price.

Between July 15 and July 18, businessmen are invited to the Moldova Stock Exchange where there will be held outcry auctions to sell public property shares in 32 joint stock companies for a total of 209.94 million lei.

Under the 2014 state budget law, a tax of 1% of every deal is paid into the state budget. The potential buyers can find out information about the property that will be privatized at the Public Property Agency.