A draft law “On privatization” discussed in Tashkent
28/02/2014 17:28
A draft law “On privatization” discussed in Tashkent
28/02/2014 17:28
Tashkent, Uzbekistan (UzDaily.com) -- A faction of Uzbekistan Liberal Democratic Party (UzLiDeP), Committee on industry, construction and trade of Legislative Chamber in cooperation with Chamber of Commerce and Industry organized a seminar “Legislation in the sphere of privatization: problems, solutions and proposals” to discuss a draft law “On privatization” in new edition on 28 February 2014.
Members of UzLiDeP, representatives of the Cabinet of Ministers, Ministry of Justice, the State Committee on privatization, demonopolization and development of competition, other state bodies, courts, experts participated in the event.
It was noted that the draft law was developed to execute the concept on further deepening of democratic reforms and forming civil society in the country. The draft law was developed for further expanding share of non-governmental sector in economy, stimulating attraction of private investors to sectors of economy, ensuring equal access of investors to privatization process, etc.
The participants underlined that Uzbekistan pays great attention to de-nationalization and privatization of the state property as important task to increase share of private sector in economy and increasing compertativeness.
Chairperson of the Committee on industry, construction and trade of Legislative Chamber Sobir Jabbarov said that the law “On de-nationalization and privatization” was adopted in 1991 and create legal foundation for privatization in process of economic reforms. But now there are 80 documents of departmental level, which regulate privatization process in Uzbekistan and introduction of new privatization mechanisms required to develop new legal acts and concretizes existing laws.
He said that MPs from UzLiDeP studied implementation of privatization programmes in Tashkent city and Tashkent region, adhering to privatization order, implementation of social andinvestment obligations at privatization of the state assets and others in process of developing new draft law. These issues were also considered at the meetings of UzLiDeP members with businesses in places.
First Deputy Chairperson of the State committee on privatization, demonopolization and development of competition Sayfiddin Gafatov said that some 179 state assets were realized to private sector in 2013, including 83 objects on “zero redemption price”, for 114.95 billion soums, of which 70.8 billion soums were investment obligations, which will be directed to modernization of capacities and creation of new jobs, as well as increasing production of import-replacing goods.
As of 1 January 2014, execution of investment obligations on 175 agreements on purchase of the state assets with investment obligation for US$204.9 million and 173.9 billion soums, of which 8 agreements with foreign investors, is controlled by the State committee on privatization, demonopolization and development of competition.
In particular, within the programme on privatization of the state property for 2012-2013, about 11 state assets for 12.5 billion soums were realized in Tashkent city. About 31 assets were realized in Tashkent region, of which 19 on zero redemption price. The sum of purchase payments on realized objects made up 5 billion soums and investors undertook obligations for 27.9 billion soums.
The State committee on privatization, demonopolization and development of competition is currently working on realization of over 440 state assets to small and private businesses on zero redemption price, of which 208 (47%) were put for sales to potential investors in 2013 and other 223 assets will be put for realization in 2014.
Information on objects of the state bodies, which are put for sales, including on zero redemption price, are published at the official websites of the State committee on privatization, demonopolization and development of competition and Chamber of Commerce and Industry, as well as mass media.
The businesses, who participated in the seminar, stated that the draft law “On privatization”, prepared to the second reading, envisage norms, directed at further expanding role of the non-governmental sector in economy, stimulating attraction of private industry in leading sector of economy, etc.
They also underlined that it is important for small and private entrepreneurs that the draft law includes norms on realization of low liquid assets to private sector on zero redemption price for investment obligations. This will help businesses and investors actively participate in privatization process, improve business environment and prevent bureaucratic obstacles to ensure wide attraction of local and foreign investors, new technologies, create new jobs and raising income of population.
At the seminar, the participants gave concrete proposals and recommendations to improve the draft law “On privatization”.
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