Tiraspol, April, 4. /Novosti Pridnestrovya/. The Ministry of Economic Development presented amendments to the Law on the program of privatization and divestment for 2018-19. As Deputy Prime Minister - Minister of Economic Development Sergey Obolonik noted at the Government meeting, it is proposed to add 8 items to the list of enterprises being privatized.
“Now they are in State ownership. These are Rybnitsa Cement Plant (25% of shares are offered for sale), Vestra sewing companies (25% of shares) and Odema (100%), Expocentr Pridnestrovie CJSC (25%), Kamensky Cannery (100%), Rybnitsa Bread Factory (100%), Bendery Bread Products Combine (100%), OAO NPP Electric Apparatus (100%),” he explained.
The goal is to attract an investor to these enterprises (necessarily keeping the fields of activity), which will help to upgrade equipment and expand production. For example, now Kamensky cannery has serious problems with sales. Including it, say, in the production chain of the same Russian agro-industrial holdings could completely solve this problem by entering foreign markets.
“In 2018, most of the enterprises that are now being offered for privatization were taken under control by the State Management Company. For a number of enterprises, the situation has stabilized, many of them had either already entered the profit zone, or expect it very soon, but this is not enough. Even those who make a profit today, still do not have more serious financial resources to carry out a deep production modernization,” Alexander Martynov, Chairman of the Government said.
The pricing of the assets value will be entrusted to the FBK Group audit and consulting company. It works together with the government and state structures of the Russian Federation.
The same bill proposes another 7 enterprises to pass through the divestment procedure. We are talking about state-owned unitary enterprises Biokhim, Bendersky Bread, Industrial Production Association (Beton +), Grigoriopol Mine, Design Institute Pridnestrovian, Republican Center for Preventive Disinfection and Tiramed.
It is proposed to transfer them from the State Unitary Enterprise to the Closed Joint-stock Company with the subsequent transfer of 100% of the shares to the state - in the State Management Company fiduciary management.
“The organizational and legal form is changing, but the state still remains the owner... We propose to do this, based on the experience of 2018-19, when we transferred a number of state-owned shares to the management of the State Management Company. We saw good steps forward in terms of increasing transparency and working efficiency. And we want such a management mechanism with the board of directors and with the auditing committee to be also in other state-owned enterprises,” the Prime Minister Martynov explained.
The Government supported the bill, now it is waiting for a discussion in the Supreme Council.
