The Public Enterprises and Control Agency (PECA) is an administration of the Council of Ministers on budget support.
With the adoption of the Law on Transformation and Privatisation of State and Municipal Enterprises in 1992, the Privatisation Agency was established as a state body at the Council of Ministers for organising and controlling the privatisation of state-owned enterprises and for implementing of the privatisation process.
With the adoption of the Law on Privatisation and Post-Privatisation Control in 2002, the Privatization Agency was divided into two separate structures: the Privatisation Agency and the Post-Privatisation Control Agency.
With the amendments to the Law on Privatisation and Post-Privatisation Control, in force since 05.03.2010, the two agencies merged and a new structure was created - the Agency for Privatisation and Post-Privatisation Control.
The Public Enterprises and Control Agency is the legal successor of the Privatisation and Post-Privatisation Control Agency. With the Law on Public Enterprises, promulgated in the State Gazette, issue No.79 of 08.10.2019, the Privatisation and Post-Privatisation Control Agency was renamed Public Enterprises and Control Agency (PECA) and it was assigned the functions of a unit that carries out the coordination of the state policy with regard to public enterprises, monitors and reports to the Council of Ministers on its implementation.
The Agency for Public Enterprises and Control organises and carries out the privatisation process in the cases provided for in the Law on Privatisation and Post-Privatisation Control (LPPPC), and carries out post-privatisation control under privatisation contracts concluded by authorised state bodies.
PECA carries out independent external control under the Law on Concessions on certain concession contracts, and performs extraordinary inspections of certain concession contracts, upon assignment by the Coordination Council on Concessions.
The Public Enterprises and Control Agency performs the functions of a unit that carries out the coordination of state policy with regard to public enterprises in accordance with the Law on Public Enterprises and has the following main functions:
- development of the Policy for the participation of the state in the public enterprises;
- monitoring the implementation of the Policy for the participation of the state in public enterprises and its updating;
- assisting the line ministers in the determination of the general strategic goals of the enterprises and the key indicators for implementing the financial and non-financial goals in the business programmes of the enterprises;
- monitoring the activity of public enterprises and preparing a summary report for the previous year;
- publishing up-to-date information and reports on the activity of public enterprises, including financial and non-financial information on enterprises;
- monitoring the procedures for selection, nomination and appointment of members of management and control bodies in accordance with a methodology developed for this purpose;
- performing an assessment of the implementation of the approved business programmes of public enterprises and preparing proposals for the improvement of their management.