The state, as an owner, will be able to consolidate the stockholdings in state-run companies or companies of national interest by purchasing holdings from private individuals or legal entities or by exchanging goods, including shares that can be privatized, IPN reports, quoting a bill to amend the Law on the Administration and Denationalization of Public Property.

Publicly owned shareholdings that are often not in demand will be privatized through the Moldova Stock Exchange. The diversification of the privatization methods by exchanging these shares for other holdings owned by private individuals or legal entities will unblock the process of privatizing publicly owned shares. The administration of public property will be improved, while ownership over particular companies will be strengthened. These aspects were repeatedly highlighted by officials of the Ministry of Economy, which manages the Public Property Agency.

In the context of the improvement of the administration of public property, the Government suggested modifying the Law on the Status of Persons with Public Posts so that the given functionaries can be members of administration boards of state-owned companies and of boards of joint stock companies with a majority state holding in their registered capital. Currently, the legislation provides that the public servants can only perform teaching and scientific activities.

The amendments to both of the laws form part of the package that is designed to adjust the fiscal and customs policy adopted by Parliament.