Moldovan cabinet amends decisions on stock companies with state's shares

Chisinau, 11 May /MOLDPRES/ - The cabinet of ministers has carried out  amendment  and completion of a decision on stock companies with state’s shares and state enterprises, in order to fulfill requirements and recommendations by the Court of Accounts.

Thus, following the decision’s amendment, one and the same civil servant will be able to be member concomitantly in five leadership bodies of stock companies and state/municipal enterprises (administration council, company’s council) and could be designated as representative of the state or administrative and territorial unit only in a single trading company. Earlier, one and the same civil servant could be designated in nine leadership bodies.   

The overall sum meant for philanthropy (charity) actions and sponsorship will be limited to two per cent of the net profit got in the year preceding the managed one, but no more than 400,000 lei. The sponsorship by state enterprises and stock companies with the state’s controlling stake will be banned, if the entity had losses or the payments are not made from the net profit.     

According to the draft approved by the government, in case of providing state assistance, the Economics Ministry will consider “only the proposals accompanied by the decision of the Competition Council’s Plenum.”

The Public Property Agency was obliged to submit the government and Finance Ministry a detailed report on the distribution of the net profit by stock companies and state enterprises till 1 August, each year.  

(Reporter V. Bercu, editor L. Alcaza)