Three privatization rounds have been held this year and over 300 million lei was obtained as a result of these. According to Deputy Prime Minister and Minister of Economy Octavian Calmac, all the privatization procedures took place in a transparent way, most of these through the Moldova Stock Exchange, IPN reports.

The process of selling public property will continue in 2017. The property that wasn’t sold in the previous privatization rounds will be exhibited at a price that will be by 5% lower. There will also be sold new property such as the power distribution enterprises RED Nord and RED Nord-Vest and telecoms carrier SA Moldtelecom.

Asked about the initial selling price of this property, including of SA “Moldtelecom”, Octavian Calmac said the price was calculated, but a long period of time passed since then and the calculations will be updated.

Under the 2017 state budget law, 220 million lei will be gained from the sale and privatization of public property and will be used to cover the budget deficit.