The possibility of state intervention in the process of selling the alienated assets of a private insurance market operator was called “public interest”. And the method of intervention is defined by a certain “methodology approved by PP № 202/2025”, which gives the economic department the right to determine the fate of the company. The Ministry of Economy itself stated about it on its departmental resource with reference to the decision adopted by the government.
The Ministry is also concerned about the “overdue illiquidity”, recalling that “the offer to sell 80% of Moldasig shares was first made in 2017, but so far all 5 sales attempts have failed because no investor has been found”.
If the shares are not sold by June 2025, when the last legal deadline for the sale expires, the company will be forced to buy them out of its own funds, risking a capital reduction and loss of license. “This will disrupt the stability of the insurance market and the prevention of economic imbalances in accordance with Law No. 259/2024 on facilitating local entrepreneurs’ access to foreign capital markets and Law No. 121/2007 on the management of public property,” the Ministry of Economy worries.
Despite the deadline, the ministry is going to set up “an inter-ministerial commission, which, based on the data provided by the NBM, will assess the financial situation of the company, the potential impact on the market and decide whether there is a justified public interest for state intervention”.
The market share of IC “Moldasig”, according to NBM data, is 15.4%, with 600 employees. Despite the lack of corporate governance, the insurer positions itself among the market leaders. The company is managed by a representative of the state.
