No bids in the privatisation of the Chisinau Glass Factory
The investment tender to privatise the Chisinau Glass Factory has attracted no bidders: not a single application was filed by the 30 September deadline, the Public Property Agency (APP) said. The tender commission will decide on next steps.
The factory was the first state enterprise offered for privatisation after a break of more than five years. The starting price was MDL 773 million, and the buyer would have had to invest over EUR 20.5 million within three years, including about EUR 14 million in a new furnace.
The plant makes around 300 types of glass products and exports to 24 countries. Revenue fell from MDL 545.1 million in 2022 to about MDL 404.65 million in 2025. The factory was also put up for sale in 2018–2019, again without buyers.
What it means for you
- The factory remains state-owned for now — nothing changes immediately for clients and suppliers.
- Companies buying glass packaging here should watch for APP’s decision on a new tender or revised terms.
- For investors, it signals that large industrial assets with investment obligations are hard to sell at the asking price.
Source: Mold-Street, 10.10.2026