Soros Foundation Moldova invests USD 500,000 in developing state-owned enterprises; the project will be implemented by Expert-Grup in partnership with the Public Property Agency

The cooperation includes technical support for improving legislation on state-owned enterprises, help in digitalising the Public Property Agency's work, greater transparency of these enterprises and more professional supervisory boards. Petru Culeac of the Soros Foundation Moldova said transparent and efficient governance is indispensable to an open society, while Eugeniu Cozonac of the Agency stressed the need for a corporate culture that promotes transparency and efficiency. Adrian Lupușor of Expert-Grup said the aim is also to formulate a coherent state policy on public property.

The activities will run for about two years. Work has already begun on digitalising relations between the Agency and state-owned enterprises, and training is under way for employees of Moldovan Railways, Metalferos, Termoelectrica, Poșta Moldovei and the Cricova Winery. The project is implemented by Expert-Grup with the Agency and with the support of the Soros Foundation Moldova.