At the same time, 16.42 billion soums and US$2.5 million were investment obligations, which investors undertook in line with agreement. The funds will be directed to modernization of capacities, creation of new jobs and increase production volume.

In line with presidential resolution “On programme of privatization of state property for 2012-2013”, some 194 objects were evaluated, 96 objects were put for sale, 26 objects were realized and 96 projects are under expertise.

The resolution “On additional measures on ensuring rational use of state property” approved list of 1,187 social objects and determined measures on their rational use. Some 441 objects were handed over to balance of local administrations and tender terms on 65 projects were approved. The committee said that it developed list of low liquid objects, owned by state bodies in places. The state tender commission approved list of 42 low liquid objects. Currently, the sides are working on attracting investments and creation of joint ventures with foreign investments.

In line with execution of resolution of Cabinet of Ministers, some 29 objects with investment obligations for 40.07 billion soums or US$70.3 million were realized. It is expected that 3,100 jobs will be created.

Monitoring of execution of investment obligations

The committee said it continues to monitor execution of investment obligations on 132 agreements on sale of state assets for US$233.2 million and 99.3 billion soums, of which US$205.1 million and 59.6 billion soums were fully implemented.

In particular, investment obligations for US$81.7 million (+6.8%) and 35 billion soums (36.7%) were implemented in 2012.

The committee said that investment obligations on 50 agreements for US$33.1 million and US$13.4 billion soums were fully executed.

Securities market

Total turnover of securities market (shares and corporate bonds) made up 2.09 trillion soums in 2012, which grew by 30.6% compared to 2011. Turnover of the secondary market (shares and corporate bonds) made up 877.6 billion soums.

The deals with corporate bonds for 38.7 billion soums were carried out at the secondary market in 2012.

Effective management of state property

As of 1 January 2013, the committee monitors activities of 855 privatized enterprises with state shares in the charter capital (302 joint stock company and 553 LLCs).

Analysis of their main financial-economic figures showed positive results in their activities in 2012.

In 2012, 813 enterprises (95.1%), which have representatives of the government, received income. Some 501 (61.6%) enterprises recorded growth compared to previous year.

Monitoring of creation of internal audits at the enterprises with assets of over 1 billion soums showed that 457 enterprises of 591 created internal audit services as of 1 January 2013.

As 1 January 2013, general shareholders meetings were held at 1,194 businesses with the state share in their charter capital.

In the result of shareholders meetings, 1,434 members of supervisory councils were re-elected at 657 enterprises and 706 members of revision commission were replaced. Agreements with heads of executive bodies of 147 enterprises were abolished.

Renting state assets

In the result of inventory of state properties, over 22,800 unused state premises were revealed and 21,900 of them (96.1%) were rented. In the result, 42,300 new jobs were created.

Total sum received from rent of the state property made up 47.9 billion soums, of which 50% or 23.9 billion soums were directed to local budgets and 18.7 billion soums – to owners of the state property.

Licensing of evaluation, exchange and realtor activities

In the result of conducted work in licensing of evaluation, exchange and realtor activities, legal entities received 15 license to carry out evaluation activity and 60 licenses to carry out realtor activities.

Individuals received 95 certificates of evaluators, 263 certificates of professional participants of exchange trades and 286 certificates of realtors.

In the result, number of evaluation organizations reached 138, realtor organizations – 143, certified evaluators – 677, certified participants of exchange trades – 6,150 and licensed realtors – 904.

Limiting competition at trade and financial markets

In 2012, the committee carried out analysis of 94 trade and financial markets in 2012 to assess development of competition at the trade markets. Special proposals were prepared in the result.

In the result of adopted measures on development of competition, number of monopoly enterprises decreased by 45 units as of 1 January 2013. Largest number of monopoly enterprises were decreased in service sector.

Formation of conditions for development of competitive environment and preventing unfair competition

The level of monopolization made up 0.30 in 2012, which shows low level of monopolization in Uzbekistan and decreasing level of monopolization in economy. The monopolization level is calculated as ratio of number of businesses to number of monopoly enterprises.

The committee’s representatives participated at the 1,830 sessions of tender commissions, of which 55 trades were annulled due to violation of procedures.

The committee considered 29 applications on unfair competitions and adopted corresponding measures in line with the legislation.

The committee reviewed 141,100 decisions and orders of local administrations and revealed that 129 of them violated legislation. The state body said that it adopted corresponding decisions on these cases. It also considered 653 applications on purchase of over 35% stake in enterprises and 56 applications on acquisition or merger of businesses.

Turnover of Uzbekistan Commodity Exchange made up 5.76 trillion soums in 2012, which rose by 11.3% year—on-year. Turnover of the exchange on monopoly or high liquid products, which should be realized through exchange on mandatory terms, reached 4.4 trillion soums and 151.6 billion soums respectively in 2012.

Protection of interests and rights of consumers

The State Committee of Uzbekistan for privatization, demonopolization and development of competition received 6,700 complaints and applications from consumers, of which 2,600 were in written form and 4,100 via hot-line. In the result, the consumers received compensations for over 904.8 million soums.

Rehabilitating insolvent enterprises

The committee said that the works on rehabilitation of 1,650 insolvent enterprises were carried out in 2012.

It was planned that they will receive over 1.9 trillion soums of investments in 2012, including loans of commercial banks for 1.2 trillion soums.

But they received 2.017 trillion soums of investments, of which 1.316 trillion soums were loans fo commercial banks and 700 billion soums of own resources of the enterprises and their founders.

In the result, the produced goods and rendered serviced for 5.476 trillion soums and created over 41,000 new jobs.