The investors will direct investments to modernization of capacities, creation of new places and broadening production of import-replacing products.

State Property Committee of Uzbekistan said the largest number of objects was realized at exchanges (57.1%) and auctions (28.6%). At the same time, the sum of deals at completion bids exceeded 40 times those at exchange trades (7 billion soums against 0.15 billion soums). Besides, 13 state assets, which will be realized in line with the presidential decree from 20 July 2007 No. 672, were put on public tender.

The volume of actual used foreign investments on privatized enterprises within approved investment programme made up US$3.2 million in the first quarter of 2010, or 6.8% more compared to forecast.

As of 1 April 2010, there are 194 deals on purchase of the state objects on zero-redemption price, which were realized to the local and foreign investors, for total sum ofUS$163.07 million and 84.3 billion soums. The committee said the investors fulfilled their obligations for US$44.124 million and 52.836 billion soums.

Monitoring of financial-economic figures of the privatized objects disclosed that over 3,600 job places were created on existing agreements. The enterprises also produced goods for 407 billion soums and net income made up 50 billion soums.

Output of import-replacing products reached 221 billion soums and export volume was 97 billion soums. Investors repaid credit debts for 22 billion soums.

The committee in cooperation with the State Demonopolization Committee, regional and Tashkent city administrations developed and implemented regional programmes on improving industrial potential of regions, which envisages financial rehabilitation of 386 insolvent enterprises. In the result of implemented measures, 327 enterprises produced goods for 392.6 billion soums and created 2,387 new jobs.

As of 1 April 2010, over 6,784 rental agreements were signed. In the reporting period, about 1.099 billion soums were received from rent of state objects.

Total trade turnover of the securities market (shares and corporate bonds) made up 169.31 billion soums as of 1 April 2010.

Shares for about 4.4 billion soums were realized at the organized market, including 0.01 billion soums in the IPO market and 4.39 billion soums in the secondary market. Besides, deals with corporate bonds for 1.2 million soums were registered in the IPO market.

The committee said IPO market of corporate bonds showed the growth in the reporting period. The market grew by 31 times year-on-year.