TRANSDNIESTRIA PLANS TO RECEIVE $34.4 MILLION FROM THE PRIVATIZATION IN 2005 |
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INA
Chisinau, January 12, INTERLIC. Transdniestria plans to receive 310 million Transdniestrian rubles ($34.4 million) in the result of the privatization of state enterprises in 2005. As INTERLIC News agency reports, Minister of Economy Elena Chernenco has declared it and has noted that 39 enterprises are being currently prepared for the privatization. The experts are making the market assessment of one of the largest textile enterprises Tirotex? (Tiraspol).
It is planned that the Tirotex will be privatized in the first quarter of 2005. It is also planned to privatize the Tiraspol Wine and Cognac Factory Kvint?. It is expected that the state unitary enterprises The Transdniestrian Railways?, set up in 2004, will also be included into the list of the objects to be privatized.
It should be noted that in 2004 Transdniestrias receipts from the privatization exceeded $35 million. The Transdniestrian authorities received the largest amount from the privatization of the Moldavian Hydropower Station. The 100% block of its stocks was sold to the Russian-Belgian Company Saint Gidon Invest for $29 million. The invest also pledged to invest 160 million 830 thousand for the upgrading of the station.
Let us remind that on October 14, 2004 the RM Parliament approved the bill on the Privatization of Enterprises in Transdniestria and in the Bender municipality. The Law envisaged the free privatization by the working collectives and cancels the results of the previous privatization in Transdniestria.
Let us remind that the RM President Vladimir Voronin committed this document to the Parliament on September 28. The majority faction (71 out of 101 Parliament seats) and the group of the independent Parliamentaries voted for the approval of this document in the first reading .
In accordance with one of the articles of this bill, the privatization, effected in violation of this law and other RM normative acts is recognized as invalid from the moment of the signing of a privatization agreement. The State would guarantee the property rights only if they were privatized in accordance with the RM Law. The document envisaged a free privatization by the working collectives.
It was planned that that a Privatization Agreement would be concluded in written form and signed by the representative of the Privatization Department as an authorized public administration organ, on the one hand and by the Privatization Council, authorized to act on behalf of the participants in the privatization, on the other hand.
The law envisaged the reorganization of the enterprises to be privatized in Transdniestria, in a closed stock corporations irrespective of a number of stockholders. The objective of this provision is that, in the case of a possible future alienation of stocks by some shareholders, the main stockholders can enjoy the right of the preferential tight to buy these stocks.
Let us remind that at the end of July, 2004 the Law, allowing to recognize the privatization in Transdniestria, carried out without Chisinaus consent as invalid, was already approved.
It should be noted that some representatives of the opposition factions and the independent Parliamentaries have noted an unconstitutional character of the bill, because the bill envisages the participation of limited number of citizens in the privatization and the remaining citizens and the Moldovan citizens are deprived of such right.
Besides, in their opinion, this bill can become a trigger of a new conflict and will facilitate Transdniestrias further division from Moldova by means of carrying out a referendum on the TMR independence. The Chisinau opposition also considers that this bill will have no juridical consequences, because de-facto the RM government does not control the situation in Transdniestria.
It should be noted that the absolute majority of the Transdniestrian enterprises were privatized by the Russian investors.
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