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Energocom and Chișinău International Airport, the most profitable state-owned enterprises

‘Energocom’ and ‘Chișinău International Airport’ recorded the highest cumulative net profits for the period 2019–2025, at over 1.2 billion lei each. The data is contained in the draft resolution on the Report of the Commission of Inquiry concerning the results of the examination of the activities of certain state-owned enterprises.
Svetlana Rudenco Svetlana Rudenco Reading time: 2 minutes
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Energocom

According to the report, “Energocom”’s cumulative net profit amounted to 1.281 billion lei, whilst that of Chișinău International Airport stood at 1.278 billion lei. These are followed by the “National Lottery”, with 996 million lei, and “Moldtelecom”, with 648 million lei.

At the same time, several state-owned enterprises incurred significant net losses. ‘Moldovan Railways’ recorded losses of 798 million lei during the period under review, ‘CET-Nord’ – 140 million lei, Mărculești International Airport – 123 million lei, and the ‘National Arena’ – 94 million lei.

The authors of the report note that the most profitable enterprises operate in sectors where the state enjoys monopoly positions or advantages linked to strategic infrastructure. These include air transport, the energy sector, the lottery organised under a public-private partnership, and telecommunications.

The document also points out that S.A. “Energocom” is involved in two cases of losses and revenue where recovery is problematic, totalling approximately 1.87 billion lei, according to the draft.

The first case concerns receivables of 1.33 billion lei taken over from “Termoelectrica”, which were not properly valued, and the repayment of which has been delayed. The second relates to 541.4 million lei pertaining to the natural gas security stock, the recovery of which is blocked by legal disputes.

This story was translated with the assistance of artificial intelligence.The translation was also reviewed by the Logos Press editorial team.


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