Reorganization aimed at ensuring integrity of state property

The sate-run company Realty Exploitation Division will be reorganized by merger with the company Orizont-Vest, Info-Prim Neo reports, quoting a Government Decision. Orizont-Vest is a canteen registered as a state-owned company, but is supervised by no public authority and was not included in the Public Property Register of the Economy Ministry's Public Property Agency. Deputy Prime Minister and Minister of Economy Valeriu Lazar said that after the Realty Exploitation Division is reorganized, it will be able to diversify its services. Currently, it only leases out nonresidential spaces. Under the same Decision, the dormitory situated at 9/2 Alecu Russo St, which is state property administered by SA Introscop, will be transferred to the Realty Exploitation Division. Introscop opposed the privatization of the rooms in the dormitory and the dwellers who wanted to purchase them filed a lawsuit. In order to ensure the integrity of the state property and optimize its administration, four holiday resorts, three of which are situated in Ukraine, will be transferred under the management of the Public Property Agency.