Representatives of higher administrative body of public property sector meet in Chisinau

Chisinau, 21 August /MOLDPRES/ – The representatives of senior administrative body of the public property sector had a meeting in Chisinau today, where they discussed the administration of state public property throughout the reform of central public administration of specialiality.

General manager of Public Property Agency (APP), Vladimir Baldovici, said that according to results of 2017, cumulatively, state – owned economic entities accounted for about 17 per cent of national sales reported to GDP, the figure being down. In 2015, this indicator represented 22 per cent.

The General manager of APP also added that during the mentioned period, the net profit in whole sector of economic entities with majority state capital reached the value of MDL 2 billion 200 million. Out of this, 86 per cent represents profit of "MoldovaGaz". On the other hand, 62 enterprises and 09 joint stock companies lost MDL 354 million. Cumulatively, the state – owned sector recorded a loss of MDL 78 million.

Thus, if in private economic environment the average return on assets reaches about 6 per cent, then it reaches 04 per cent in the public sector. If the results of "MoldovaGaz" were not taken into account, then the return on assets in public sector is just over 01 per cent. According to Baldovici, only four economic entities out of over 200 ones with state capital, operating under normal regime, exceeded the optimal return on assets of 10 per cent.

"Currently, we have salary debts, and privatisation is the most often formulated solution. This is an absolutely inadmissible situation," said General manager of APA.

The quoted source added that the authorities are pursuing three business lines with regard to state – owned enterprises. These are the consolidation, protection and capitalisation of public property.

(Reporter N. Sandu, editor A. Raileanu)