Four state-owned companies that are managed by the Ministry of Economy will be liquidated, IPN reports, quoting a Government decision.

These are: the Center for Working out Industrial Management Systems; Shop No. 13 “Ceasuri”, the Self-managing Advertising and Assembly Sector, all from Chisinau municipality, and the Balti Students Eating Complex.

Deputy Prime Minister and Minister of Economy Valeriu Lazar said the four companies haven’t worked for many years and do not have financial resources, equipment, fixed funds and realty, while their employees have been dismissed.

However, Valeriu Lazar said that these companies work in liberalized areas where state intervention is unnecessary and the maintenance of state-run companies in such areas is practically impossible owing to the enormous competition from the private sector.

The liquidation process will take place in accordance with the legal provisions.