As earlier reported, President of Uzbekistan Islam Karimov signed a decree on formation of the State Committee of Uzbekistan on privatization, demonopolization and development of competition on 13 November 2012.

New committee was formed on the base of eliminated State Committee of Uzbekistan on Management of State Property and State Committee of Uzbekistan on Demonopolization and Development of Competition.

Effective management of state property

As of 1 October 2012, the committee monitors activities of 808 privatized enterprises (270 joint stock companies and 538 LLCs) with share of the state in their charter capital.

The analysis of main financial-economic figures of enterprises showed positive results of their activities.

About 788 (97.5%) of business entities, which have state representatives, received income in nine months of 2012, of which 534 (67.8%) recorded growth of income compared to the same period of 2011.

Monitoring of creation of internal audit service at the enterprises with assets of over 1 billion soums showed that 457 enterprises out of 591 created internal audit service as of 1 October 2012.

As of 1 October 2012, some 1,193 business entities with state share organized general shareholders meeting, the committee said.

In the result of general meetings, 1,433 members of supervisory councils and 706 members of revision commissions were re-elected at 657 business entities. About 147 business entities fired their heads of executive bodies.

Renting of state property

In the result of inventory of state property, some 18,500 unused state premises were revealed and 17,600 of them (95.1%) were rented. Some 38,000 jobs were created.

Receipts from rent of state property made up 35 billion soums, of which 50% or 17.5 billion were directed to local budgets and 13.6 billion soums – to owners of property.

Privatization of state assets

In the reporting period, some 55 state assets were realized for 19.42 billion soums and US$2.5 million, of which 11.2 billion soums and US$2.5 million were investment obligations, undertaken by investors in line with purchase agreements. The investments will be directed to modernization of production, creation of new jobs and increase of production volume.

In order to execute presidential decree “On programme on privatization of state property for 2012-2013”, some 119 state objects were rated and 40 objects were put to public trades, 16 objects were realized and 63 objects are under consideration and expertise.

Within the exhibition of governmental resolution No. 141 from 8 July 2010, 27 objects with investment obligations for 28.54 billion soums and US$70.33 million were realized. In the result, it is planned to create over 2,900 new jobs.

Monitoring of execution of investment liabilities

The committee monitors execution of investment liabilities on 130 agreements on sales of state assets for US$284.9 million and 88.2 billion soums, of which investment liabilities for US$208.9 million and 59 billion soums were implemented. In the reporting period, investment liabilities for US$83.5 million (+1%) and 22 billion soums (+13.9%) were executed, of which US$45.7 million and 16.1 billion soums were invested on objects, realized on zero-redemption price.

At the same time, ten agreements on purchase of state assets for 6.7 billion soums and US$20,000 were abolished as investors failed to execute their liabilities.

Securities market

Total turnover of securities market (shares and corporate bonds) made up 1.192 trillion soums, of which the volume of secondary market made up 139.9 billion soums. At the secondary market, the deals with corporate bonds for 1.75 billion soums were conducted.

Licensing of assessment, exchange and realtor activities

Legal entities received 12 licenses on carrying out valuation activities (nine – business assessment and 3 – movables assessment), 51 licenses to carry out realtor activities. The committee also issued 76 certificates of valuators, 206 certificates of professionals of exchange trades, 219 certificates of realtors.

So, total number of valuation companies reached 145 units (as of 1 October 2011 – 126), certified assessment – 658 units (as of 1 October 2011 – 515), certified individuals, participants of exchange trades – 6,085 and licensed realtors – 837 units, and realtor organizations – 134 units.