The State Asset Management Agency was instructed to fully inventory the empty properties of companies and banks and prepare them for privatization.
On July 1, President of Uzbekistan Shavkat Mirziyoyev held an expanded online meeting, during which the effectiveness of the ongoing activities and further priority objectives of the privatization of state assets were discussed. The Agency responsible for selling state-owned businesses to private companies was instructed to fully inventory the empty and non-core properties of companies and banks and prepare them for privatization, the press office of the President of Uzbekistan reports.
There is more work to do. In particular, of the 556 state-owned businesses identified for sale, 288 have not been put up for sale so far. 511 properties of state-owned companies and banks, which are not involved in their main activities, have not been sold so far.
The State Asset Management Agency will cover the cost of e-registration for entrepreneurs, which will allow abolishing their participation fee in online auctions. When the property is bought at an auction, the payment period will be extended from 5 to 15 days.
The President instructed that the government officials prepare a draft resolution on a new procedure for the privatization of state assets.
Foreign consultants would be involved to put up for sale the state shares in 13 large real estate objects in the capital city and 11 industry institutions. Khokims of regions, districts and cities must put up for sale 154 empty properties under their jurisdiction within a month.
Part of the funds retained by the regions after the sale of the property put up for auction by local government administrations will be increased from 73 to 87 percent. These funds will be evenly distributed between the regional and district budgets.
