Moldova’s Energocom Lends State 361 Million Lei at Interest

The state-owned company Energocom has lent money to the state at interest

According to MP Constantin Cuiumju, Energocom made a profit of over 1.2 billion lei in 2024 and 2025. Of this amount, only about a quarter – approximately 322 million lei – was transferred to the budget. The remaining three-quarters, almost 900 million lei, remained at the company’s disposal.

Deputatul Konstantin Kuyumju

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Furthermore, the MP points out that Energocom has granted the state a loan of approximately 361 million lei, which the state will have to repay with interest. Cuiumju notes that the terms of this deal are unknown, so it is not yet possible to assess how beneficial – or, conversely, how onerous – it is for the state. For example, at an annual interest rate of 8 per cent, the state’s expenditure would amount to nearly 29 million lei per year. These funds could have been channelled towards other budgetary needs.

Cuiumju believes that the profits of the state-owned company Energocom, accumulated over recent years, should be transferred to the state budget and used for the benefit of citizens. Finance Minister Victoria Belous largely agrees with him, stating that the government intends to transfer the bulk of the profits generated by state-owned enterprises in 2026 to the budget only next year. The MP, however, believes that this measure should also apply to profits accumulated in previous years.

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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