Moldovan Court of Accounts to be have right to check more trade companies

Chisinau, 14 April /MOLDPRES/- The Court of Accounts (CC) will have right to verify the trade companies in which the state holds at least one third of the share capital, according to amendments to the legislation, entered into force upon publication in the Official Journal (Monitorul Oficial).

Thus, in accordance with the amendments adopted by the parliament in last mid-March, the CC hears “state and municipal enterprises, trade companies, the share capital of which fully belongs to the state or administrative and territorial units, as well as the trade companies in which the state, administrative and territorial units, state and municipal enterprises, each separately or together, hold at least one third of the share capital”.

CC has earlier had right to verify the enterprises, within which the state quota in the share capital had been higher than 50 per cent. The legislative amendments will allow the Court of Accounts to exercise foreign public audit at the trade companies in which the state holds at least one third of the share capital, including at such enterprises as Moldovagaz.

(Reporter V. Bercu, editor A. Raileanu)