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Economy 15/05/2012 Uzbekistan approves programme on privatization of state property for 2012-2013
Uzbekistan approves programme on privatization of state property for 2012-2013
Tashkent, Uzbekistan (UzDaily.com) -- President of Uzbekistan Islam Karimov approved a programme on privatization of state property for 2012-2013. This was announced at the press conference at State Property Committee on 15 May 2012.

The resolution of the president was directed at deepening structural reforms in economy of Uzbekistan, increasing role of private property, as well as attracting foreign investments for technical and technological re-equipment of capacities, expanding production of high quality products, etc.

According to the programme, some 497 state assets in oil and gas, energy, metallurgy, agruclture, light industry, electrotechnical and pharmaceuticals will be privatized.

At the same time, Uzbekistan is planning to realize 63 unused and uncompleted objects on zero-redemption price under investment obligation.

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