The Investment Agency and the Public Property Agency of Moldova signed a Memorandum of Cooperation to develop unused state assets through investment attraction
The partnership aims to promote the joint efforts of the two institutions to transform public property, such as occupied or abandoned land and buildings, into profitable economic opportunities. As a result of the partnership, the Investment Agency is expected to support the Public Property Agency in promoting public auctions and auctioned assets, reaching out to a large network of local and international investors. The Director of the Investment Agency, Natalia Bejan, said that there are several examples of property complexes from various sectors - industrial, agricultural or social and educational - where investors have directly identified interesting opportunities, but faced difficulties in going through the state bureaucracy and they turned to the Investment Agency. "Our role is to provide them with the necessary support to understand the process, help them participate in the auction and thus facilitate a mutually beneficial partnership. "Investors bring capital and development, and the state benefits from transparency, revenues and more efficient use of property," Natalia Bejan emphasized. At the same time, Roman Cojuhari, Director General of the Public Property Agency, emphasized the importance of transparency and sustainability of the development process. According to him, the state must become a reliable partner for investors. "When the interests of the state coincide with the interests of investors, we can attract resources for reinvestment in projects of public interest. Most often, we identify assets that are expected to completely deteriorate, because they once served a purpose that is no longer profitable today. Following the principles of the market economy, we put them up for sale to transfer them into good hands of those who are willing and able to invest. Our goal is to achieve results in figures that are easy to monitor, transparent and measurable by citizens," he noted. As emphasized, recent examples demonstrate the impact of using unused state assets. Thus, between December 2024 and January 2025, the Public Property Agency organized 3 public auctions, the revenue of which exceeded 156 million lei (8.3 million euros). Among the registered transactions was the land belonging to the State University of Moldova, which had not been used for agriculture for many years and was leased for 114 million lei. Another asset, for example, the territory of the Ministry of Internal Affairs, where there used to be a police station, and today only a plot of land remains, was sold for 14 million lei. In addition, 2 abandoned and crumbling buildings belonging to the National Food Safety Agency brought 2.6 million lei. Thus, the results of the auctions will allow the state to reinvest the money received in accordance with the current needs of the institutions. The Investment Agency and the Public Property Agency confirmed their intention to support the sustainable economic development of Moldova and strengthen relations between the state and private investors. The signatories to the memorandum expressed their commitment to eliminating unnecessary bureaucratic red tape and creating an open and accessible process in which investors can participate with confidence. The benefits will be felt later, through job creation and modernization of the country's infrastructure.// 27.01.2025 — InfoMarket.
