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Economy 31/10/2011 State Property Committee of Uzbekistan sums up results of nine months of 2011
State Property Committee of Uzbekistan sums up results of nine months of 2011
Tashkent, Uzbekistan (UzDaily.com) -- State Committee on management of the State Property of Uzbekistan summed up the results of nine months of 2011.

Monitoring activities of enterprises with state assets

As of 1 October 2011, the committee carried out monitoring of the activity of 794 privatized enterprises (269 open joint stock companies and 525 limited liability company) with the state share in the charter capital.

Analysis of financial-economic figures of the enterprises, which have state representatives, had positive results in their activities.

According to operative data, 778 enterprises (98%) received income and 536 (68.9%) of them recorded growth compared to previous year.

Renting state assets

The Center for renting additionally revealed 15,579 unused state non-residential premises. Some 13,800 agreements on renting premises were inked, which helped to create 33,000 jobs.

Over 23.5 billion soums were received from renting of the state assets, which grew by 2 times year-on-year. Some 50% of receipts or 11.76 billion soums were directed to local budgets and 9.7 billion soums were transferred to the property owners.

Privatization

The committee said that 76 state assests were realized in nine months of 2011, which grew by 72.7% year-on-year. Some US$67.88 million (+5.2%) and 80.3 billion soums (458.8%) were received, of which US$67.83 million and 62.97 billion were investment obligations, which were undertaken by investors, which will be directed to modernization of capacities, creation new jobs and increasing the volume of import-replacing goods.

Investments

The committee carries out investment obligations over 156 agreements. In nine months, the obligations for US$76.4 million (+4) and 15.4 billion soums (-4.5%) were executed. The liabilities for US$0.7 million and 12.8 billion soums were executed on the objects, realized on zero redemption cost.

Within the governmental resolution from 8 July 2010, the State Property Committee realized 21 unused and uncompleted state objects on zero redemption cost. The investors undertook obligations for 50.1 billion soums and US$67.8 million, and creation of 2,600 new jobs.

Securities market

Total turnover of securities market (shares and corporate bonds) made up 1.231 trillion soums. The shares for 87.3 billion soums (against 18.7 billion soums) were realized at the organized market, of which 61.5 billion soums at the organized secondary market.

Appraisal, exchange and realtor activities

The committee issued 16 licenses to carry out appraisal activities and qualification certificates to 48 individual appraisers, who successfully passed exams. As of 1 October 2011, number of appraisal companies made up 124 (114 as of 1 October 2010) and number of certified appraisers – 514 (492 as of 1 October 2010).

At the same time, the committee issued 1,091 certificates for professional participants of exchange trades, including 1,079 on commodity exchange and 12 – on real estate.

Besides, the qualification certificates of realtors were issues to 510 individuals, who successfully passed exams. The committee also started licensing of realtor organizations. The committee issued 45 licenses to carry out realtor activities.

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