Uzbekistan sells 86 state assets in 1H
22/07/2014 15:04
Uzbekistan sells 86 state assets in 1H
22/07/2014 15:04
Tashkent, Uzbekistan (UzDaily.com) -- Some 86 state assets (65 objects on zero redemption price) were realized in Uzbekistan for 25.5 billion soums with investment obligations worth 38.01 billion soums and US$450,000, which will be directed to modernization of the capacity, creation of new jobs and increase production of import-replacing products.
The receipts from privatization due to all sources made up 25.98 billion soums, of which 12 billion soums were directed into the state budget, the State Committee for privatization, demonopolization and development of competition said.
Monitoring of execution of investment obligations
As of 1 July 2014, the committee controlled execution of 198 agreements on sales of the state assets with undertaken obligations for US$196 million and 156.9 billion soums, including three agreements with foreign investors.
Total volume of executed investment obligations on these agreements made up US$168.3 million and 90.4 billion soums. Over 2,300 new jobs were created during period of investment.
In the result of adopted measures, in the reporting period investment obligations for US$4.2 million and 26.1 billion soums were executed, including purchase payments for US$1.8 million and 2.9 billion soums and with zero redemption price for US$2.4 million and 23.2 billion soums.
The investment obligations on 25 agreements for US$9.1 million and 11.4 billion soums were fully executed and it helped to create 415 new jobs.
Development of stock exchange market
Total turnover of the market of shares and corporate bonds made up 444.4 billion soums, of which 59.4 billion soums fell to share of secondary market, including organized share market – 17 billion soums (1058 deals) and unorganized market – 39 billion soums (1,318 deals).
Renting state assets
About 19,400 premises were rented in Uzbekistan in the period of 2014. Total number of created jobs reached 36,100. About 31.9 billion soums were received from renting, of which 15.83 billion soums were directed to local budgets.
Licensing of valuation, exchange and realtor activities
Some 173 legal organizations have licenses to carry out valuation activities as of 30 June 2014.
About 20 licenses for valuation activities were abolished in the reporting period, the committee said.
Currently, 154 license for conducting valuation activities are valid, of which 126 were issued to valuation of businesses, 26 – movables valuation and 2 – real estate valuation.
As of 30 June 2014, 818 qualification certificates of valuators were issued, of which 763 are valid and 55 were abolished.
As of 30 June 2014, the committee issued 191 licenses on right for realtor activities, of which 17 were withdrawn. As of 30 June 2014, 1,154 qualification certificates of realtors were issued.
Development of competition
The committee analyzed 41 markets, including 28 goods and financial markets, and 13 services market.
Number of monopoly enterprises decreased by two units in the first half of 2014 compared to the same period of 2013 and as of 1 July 2014 their number made up 128.
Introduction of corporate procurement to monopoly and state enterprises helped to increase sales of goods of small businesses. About 98% of corporate procurements fell to share of small businesses.
In the first half of 2014, 8,000 deals for 162.8 billion soums were signed within corporate procurement, which helped businesses to save 33.5 billion soums.
The committee considered 25 appeals on unfair competition, 472 appeals on giving preliminary agreement on purchase of 35% shares and 50% stake of the businesses, issued 217 passports to localization projects.
Trade turnover of Uzbekistan Commodity Exchange made upd US$4.2 trillion soums. The enterprises received additional income for 1.581 trillion soums.
Protection of consumers rights and regulation of advertisement market
The committee noted that 2,021 appeals from consumers on quality of services and goods were received, of which 1,256 in written form and 756 by hot-line. The assessment of appeals helped to return 554.5 million soums to consumers.
The committee revealed 335 cases of violation of legislation on protection of consumer rights for 366.4 million soums and administrative fines for 17.7 million soums were levied.
In the advertisement market, the committee revealed 128 cases and administrative fines for 18.8 million soums were levied.
Rehabilitation of unprofitable and insolvent enterprises
The committee noted that road maps for rehabilitation of unprofitable and insolvent enterprises were developed after analyzing financial-economic conditions of 154 enterprises.
Within the road maps, it is planned to attract investments for 727 billion soums and increase load of the capacities from 45.9% to 66.9% in average. They should produce goods for 6.874 trillion soums and receive income for 76.04 billion soums, as well as create over 3,700 new jobs.
In the first quarter of 2014, the enterprises, included to the programme of road maps, produced goods and services for 3.065 trillion soums and exported products and services for US$117.5 million. About 109 enterprises received income for 50.4 billion soums ad created 1,200 new jobs.
Implementation of regional programmes on industrial development of the regions
About 3,486 enterprises of 4,281, included to programme on financial support and load of production capacities and received financial support as loans and resources from the founders, produced goods for 1.47 trillion soums (forecast – 1.042 trillion soums). The volume of their exports was US$92.7 million (forecast – US$31.6 million). Over 17,200 new jobs were created.
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