Moldovan economics ministry discontented with performance indexes recorded by state enterprises, stock companies
18:16 | 03.05.2017 Category: Economic
Chisinau, 03 May /MOLDPRES/ – Deputy Prime Minister Octavian Calmic, Minister of Economy, expressed his dissatisfaction with performance indices of state-owned companies and joint-stock companies by institution he manages and called for short and medium-term plans to redress the situation to all segments.
According to the Economics Ministry’s press service, Octavian Calmic, during the meeting with heads of these entities today, asked the registered companies to submit minimum business development plans for a period of 3 years, specifying the concrete performance actions, and to the economic agents who had debts to submit plans for their extinction without harming the state, respecting the employees’ rights and interests.
The Economics Ministry, with the support of the development partners, hired a group of foreign experts, in order to streamline the business activity and to undertake a profound analysis of their potential which, as a result of the monitoring, will present feasibility studies for each economic entity with recommendations and exact development directions.
According to an analysis carried out by the Ministry of Economy, the sales revenues of state-owned enterprises increased by 24 per cent amounting up to 917.86 million lei in 2016 compared to 2015. From the total number of state-owned enterprises, five had sales increases by 194.16 million lei in 2016, which led to the increase of the value added tax collected to the state budget by approximately 32.3 million lei. Also, seven state-owned enterprises registered in 2016 a decrease in sales revenues of over 16 million lei.
As to the activity of the joint-stock companies, it was found that in 2016 eight economic agents registered increases in sales revenues by 1,879.4 million lei compared to 2015, which led to the increase of the value added tax charged to the budget by 313.5 million lei. Simultaneously, six joint stock companies registered decreases in revenues from sales in the amount of 1,690.0 million lei.
For improving the economic and financial situation of state-owned enterprises and joint-stock companies, Deputy Prime Minister Octavian Calmic asked the management of these economic entities to take measures to develop their activity by increasing sales revenues, diminishing the volume of receivables, avoiding unjustified and irregular expenditure, which would generate a rise in the net profit of state-owned enterprises and joint-stock companies and improve performance indicators.
The Economics Minister also specified that boards of directors and corporate committees are to set viable performance targets for managers of state-owned companies and joint-stock companies, which achievement will depend on the level of payment to the executive body.
(Reporter A. Mardare, editor L. Alcaza)
