Decree on simplifying procedure and speeding up realization of the state property was signed
18/01/2017 16:04
Decree on simplifying procedure and speeding up realization of the state property was signed
18/01/2017 16:04
Tashkent, Uzbekistan (UzDaily.com) -- On 17 January 2017, the President of Uzbekistan Shavkat Mirziyoyev signed a decree “On measures on further simplifying procedure and speeding up realization of the state property for using in entrepreneurship purposes”.
The decree was adopted to create favourable conditions for developing private entrepreneurship, further simplifying procedures and speeding up realization of state property and organization of production of competitive goods and services.
In line with the decree, chairperson of the Council of Ministers of Karakalpakstan, governors of regions and Tashkent city received right to adopt decision on realization of non-strategic state property, including on zero redemption price under investment obligations.
The decree envisages creation of favourable conditions and simplification of several procedures on purchasing state property. The renters, who modernized and repaired state property, as well as create new jobs, received primary right to purchase the object.
It is also permitted to sell stat objects if only one proposal received for its purchase. The decree envisages that the privatization sum can be paid within three years.
The decree also banned to request documents from residents of Uzbekistan, excluding application and business plan, at realization of state objects, as well as initiate review or abolishment of privatization results.
The decree also envisages introduction of widely used in international practice forms of realization of public objects such as a primary (IPO) and secondary (SPO) public offering to the population and business entities on the stock exchange.
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