The COVID-19 Crisis: State-Owned Companies between Uncertainty and Opportunities
Automatically translated summary. The full text is available in Romanian.
The study “The COVID-19 crisis: state-owned companies between uncertainty and opportunities” examines Moldova's state-owned companies amid the unexpected economic disruption caused by the SARS-CoV-2 pandemic. It aims to determine under what conditions these companies can become a tool for overcoming the crisis and accelerating economic recovery.
Quarantine and social distancing measures have created the conditions for a major economic crisis, with a sharp fall in GDP, bankruptcies and rising unemployment. Broad state intervention is now seen as key to recovery. The study covers state enterprises and joint-stock companies with state capital, and in some cases entities providing services of general economic interest.
The authors analysed the relevant legislative and policy framework, monitoring reports and recent studies, and used questionnaires and in-depth interviews with sector representatives. Their conclusions were consulted with state authorities, external partners, political actors and state companies. The study has four chapters: the sector's situation before the pandemic, including balance sheet indicators, financial results and systemic problems; the pandemic's impact and the companies' preparedness; the role of state companies in crises worldwide; and measures the Government could take to support them and maximise their advantages over private operators, based on international recommendations.
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