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Finance 03/09/2013 Dynamics of investments in the second quarter of 2013
Dynamics of investments in the second quarter of 2013
Tashkent, Uzbekistan (UzDaily.com) -- The State Committee of the Republic of Uzbekistan for privatization, demonopolization and development of competition monitored execution of investment liabilities on 187 agreements on realization of the state assets with undertaken investment liabilities for US$260 million and 181.9 billion soums, of which 14 agreements were with foreign investors.

The committee said that total volume of executed investment liabilities on these agreements reached US$214.2 million and 81.4 billion soums.

From the beginning of 2013, the volume of investment liabilities, which should be executed, made up US$42.7 million and 20 billion soums. Actual volume of executed investment liabilities reached US$47.5 million (+11%) and 25.8 billion soums (+29%).

As of 1 July 2013, the committee controls over execution of investment liabilities son 157 agreements on sales of state assets with investment liabilities for US$256 million and US$156.6 billion soums, including 13 projects with foreigners.

Total volume of implemented investment liabilities on these agreements was US$214.2 million and 80.2 billion soums. Some 2,000 new jobs were created in the result.

In the first half of 2013, the volume of investment liabilities, which should be implemented, made up US$30.7 million and 19.8 billion soums. Actual volume of executed investment liabilities was US$35.5 million (+16%) and 25.3 billion (+28%), including:

- with purchase payments for US$27.8 million and 3.9 billion soums;
- with zero redemption cost for US$7.7 million and 21.4 billion soums.

At the same time, in the first half of 2013 some 21 agreements for US$24.6 million and 7.8 billion soums were fully implemented. This helped to create over 970 jobs. The committee said that 16 of them were agreements on realization of the state assets to local investors. Their sum was US$24.6 million and 2.5 billion soums. Five were agreements on on realizing objects on zero redemption price with the cost of 5.3 billion soums.

In particular, TEXTILE PRODUKTION launched textile capacities for US$19.3 million, which allows to process at least 12,000 tonnes of cotton-fibre year. Some 300 new jobs were created. Nanyang Red Cotton Angel Textile Co.,Ltd (China) invested US$23.6 million to create spinning capacities in Andijan region. The project helped to create 300 new jobs.

ААА GROUP LLC received property of liquidated enterprises Toshkent Broyler and Toshkent Myasnaya in Tashkent region on zero redemption price. The investor directed 4.397 billion soums to reconstruction of the buildings and installation of new equipment.

Ultimate fashion maker LTD и Fashion factory international PVT LTD invested US$5.64 million to reconstruct building and equip Turon Hotel, which helped to lift it to three-star hotel level.

In 2013, the committee took under control 55 agreements on sale of the state assets, which were realized with undertaken investment liabilities for US$10.3 million and 37.6 billion soums. Of them 12 were agreements on sales of the state assets to local investors, who undertook investment liabilities for 1.88 billion soums.

About 43 of them were agreements on zero redemption price. Investors undertook obligation to invest US$10.3 million and 35.7 billion soums within these agreements.

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