[Info-Prim Neo article from the series “2011: how it was and how it wasn't] In 2011 privatization deals yielded 120 million lei. This is 3 times smaller than the initially expected amount. Following amendments to the 2011 Budget Law, this target has been reduced to 110 million lei. Tudor Copaci, the director of the Public Property Agency, noted that the auctions conducted by the Moldova Stock Exchange and the investment and privatization calls attracted mainly local investors. “This is not a quite opportune period for privatization, considering the fears about another potential wave of the crisis. But there has always been demand. Local businesspeople supplement their shares in companies and buy assets to advance their businesses. Next year the Agency is looking to obtain 260 million lei from privatization deals”, said Tudor Copaci. In the first quarter of 2012, the Public Property Agency will conduct an inventory of state property and will analyze the financial reports of state-owned companies. “We will see which companies are worth keeping and which are not”. The initiative is to reduce the list of properties which are not eligible for privatization. “There's no point in keeping a large number of companies in government ownership. They need a great deal of investment which the government can't afford”, said Tudor Copaci. In 2012, privatization deals will likely include state holdings in Floare-Carpet and Viorica Cosmetic. Concerning Moldtelecom and Banca de Economii, the Government will decide whether to put them up for privatization after they are audited by international consultants.