State-owned shareholdings in 16 joint stock companies will be put on sale at the Moldova Stock Exchange during November 19-23. The holdings in 14 of the companies are majority ones, IPN reports, with reference to the Public Property Agency.

The 16 companies include 11 road repair and maintenance companies, Chisinau Hotel (60% of the shares) and other enterprises. The initial selling price of the shareholdings that will be sold at outcry auctions is 376.9 million lei.

A traditional outcry auction to privatize 27 facilities, realty complexes and state-owned enterprises, will be held as part of the current privatization round on October 31.

The total selling price of the state-owned property at the new round is 1.5 billion lei.

Under the 2018 state budget law, the buyers pay a private tax of 1% of the value of each transaction.

In the first half of this year, over 32 million lei earned from privatization was transferred to the state budget.