The National Participation Council is in favor of the changes to Article 31 of the regulations concerning the sale of state-owned shares at the Moldovan Stock Exchange, which are to be approved by the Government today, October 16. The representatives of civil society consider yet opportune to extend the period for publishing the announcement about the sale of state-owned shares at the Stock Exchange from 20 to 30 days. They formulated recommendations designed to improve the quality of the document.
In a news conference at IPN, the Council’s chairman Sergiu Ostaf said that according to the international standards, the selling procedures must be transparent, based on the principles of equality and equity of the competitive process. The representatives of civil society consider that the draft document must be supplemented with provisions concerning the publication of the list of all the participants, with argumentation for participation. The law on decisional transparency should be implemented exactly in every case of privatization, especially when important facilities are privatized.
According to Sergiu Ostaf, the diminution of the opportunities for taking part in the privatization represents a danger to the establishment of appropriate relations on the market and reduces the people’s confidence in the privatization process. The website of the Public Property Agency must contain the amendments to the provisions concerning the obligations related to the sale of public property shares, the final decision and the sale contract with the implementation clauses, and the relevant decisions concerning post-privatization monitoring.
The members of the Council said that the procedure for setting the selling price of public property shares on the secondary market in the privatization process must be reviewed. The period during which the market price of shares must be set should be clearly specified in the regulations concerning the sale of state-owned shares at the Stock Exchange. There must be also specified the conditions for annulling this procedure.
