Moldovan cabinet approves new regulations on work of state, municipal enterprises

Chisinau, 20 July /MOLDPRES/ - The cabinet, at a today’s meeting, approved a draft law on state and municipal enterprises. The document is aimed at updating and standardizing the public policies of managing entities and sets clear-cut rules of their work, the government’s communication and media relations department has reported.   

The promoted legislative act makes a strict delimitation of the powers of the founder, administrative board and the manager. At the same time, the bill regulates the peculiarities of foundation, work and cessation of the enterprise’s work. Also, commissions of censors are to be set up, to check the correctness of the activity of the leadership bodies and the observance of the legislation in force.  

The document also sees that the enterprises should have a registered share capital of at least 20,000 lei and a minimum reserve capital worth 10 per cent of the value of the registered share capital held. At the same time, according to the new provisions, the public assets and the ones with social purpose will be able to be transmitted to state and municipal enterprises only with the right of economic management, and could not be alienated.   

A novelty in the regulation of the work of the enterprises founded by government or local public authorities represents provisions on voluntary ceasing of the work. The stipulations were included after at least 320 entities non-managed by founders had been recorded. They have not been working for more years, have no material assets and are to be liquidated.  

The draft law is to be submitted to parliament for consideration.

(Editor A. Raileanu)