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Economy 27/08/2009 State Property Committee sums up activity in 1H
State Property Committee sums up activity in 1H
Tashkent, Uzbekistan (UzDaily.com) -- State Property Committee of Uzbekistan said it realized 38 state assets in the first half of 2009 and total sum of deals made up 16.11 billion soums, of which 2.03 billion soums were investment obligations, undertaken by investors.

The committee said 28.9% of objects were realized through exchanges, 28.9% through auctions and 21.1% through tenders.

About 70% of state enterprises and objects changed their form of ownership to non-state property. The committee said private investors purchased 69 objects and one was reorganized into limited liability company.

As of 1 July 2009, the State Property Committee said it is monitoring implementation of investment obligations on 300 deals on sale-purchase of state assets, realized to domestic and foreign investors, for US$155.6 million and 100.1 billion soums. The committee said investors met investment obligations for US$77.4 million and 25.59 billion soums.

Investors met investment obligations fully on 73 deals for US$26.1 million and 7.89 billion soums in the first half of 2009.

Total turnover of the securities market (shares and corporate bonds) comprised 284 billion soums in January-June 2009.

Aggregate turnover of IPO market (shares and corporate bonds) made up 198.2 billion soums, including deals in organized market for 8.1 billion soums and informal market - 190.1 billion soums.

Total turnover of the secondary market comprised 85.85 billion soums in the first half of 2009, including organized market turnover for 29.1 billion soums and informal market for 56.7 billion soums. Turnover of organized corporate bonds’ market comprised 0.05 billion soums in the reporting period.

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