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Economy 02/02/2012 State Property Committee of Uzbekistan sums up 2011 results
State Property Committee of Uzbekistan sums up 2011 results
Tashkent, Uzbekistan (UzDaily.com) -- State Committee of Uzbekistan on management of state property summed up the results of its activity in 2011.

The press release of the committee said that as of 1 January 2012 the committee monitors activity of 792 privatized enterprises (269 joint stock companies and 523 limited liability companies) with share in the charter capital.

The analysis of their financial-economic activity showed the positive operation of these enterprises. According to preliminary data for 2011, 776 enterprises or 97.9% received income, while 514 (61.8%) of them posted growth of net income compared to previous year.

The Rent Centers revealed 17,400 unused state premises and rented about 16,000 premises in 2011. This helped to create 35,000 new jobs.

Some 34.2 billion soums were received from renting state property in 2012, which grew 1.65 times year-on-year. About 17.1 billion soums of these receipts were directed to local budgets and other 14.1 billion soums to owners of the state property.

The State Property Committee said that some 101 assets were realized in 2011 (+68.3% year-on-year) for US$67.88 million (+5.2%) and 65.98 billion soums (+88.5%). The committee added that US$67.83 million and 43.74 billion soums of these resources are investment obligations, which were undertaken by investors to modernize production, creation of new jobs, as well as increasing production of import-replacing goods.

In order to implement decisions of the Government, the committee realized 24 unused and uncompleted state properties on zero-redemption price. At the same time, the investors undertook obligation to invest US$67.8 million and 31.13 billion soums, as well as create 2,700 new jobs.

The state committee monitors investment obligations on 135 agreements. In 2011, the investors completed execution of investment obligations for US$88.1 million and 22.5 billion soums. They also fulfilled investment obligations for US$1 million and 18.5 billion soums on objects, realized on zero-redemption price.

Total turnover of the securities market (shares and corporate bonds) in 2011 made up 1.603 trillion soums against 1.681 trillion soums in 2010.

At the same time, total turnover of the secondary market (shares and corporate bonds) grew by 325.4 billion soums in 2011 compared to 2010 and made up 911 billion soums. Besides, the secondary market recorded deals with corporate bonds for 44.8 billion soums.

The committee issued 19 licenses, granting right to carry out appraising activity, while 68 individuals get qualification certificates. As of 1 January 2012, number of appraising organizations made up 127 (114 in 2011) and number of certificated appraisers – 536 (488 in 2010).

The committee also issued certificates for professional participate at exchange trades for 1,151 individuals, of them 1,140 – on commodity direction and 12 – on real estate direction.

At the same time, the realtors’ certificates were issued to 618 individuals, who successfully passed exams. Some 88 organizations got licenses to carry out realtor activities.

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