Tashkent, Uzbekistan (UzDaily.com) -- A Presidential Decree "On measures to further accelerate the privatization of state assets" was adopted.

In accordance with the Decree, when organizing the processes of putting up for public auction and selling the relevant state assets:

- involvement of professional organizations is carried out by the State Assets Management Agency or the investment company "UzAssets" based on the selection of the best proposals. At the same time, it is not required to conduct an examination of the contracts concluded with them;

- it is allowed in the bidding process to take as a reference the value or the range of value determined by professional organizations for the purpose of selling state assets (regardless of the requirements of the national standard for valuation activities);

- the requirement for the mandatory setting as the starting price of state assets of their value, recommended in the appraisal report of the appraisal organization and determined in its expert opinion, is not applied;

- The State Commission for Tendering for the Sale of State Property is empowered to make decisions on the publication of announcements on the sale of state assets without announcing the starting price, as well as the sale of state assets based on the best of at least two bids (regardless of the price recommended in the appraisal report and defined in the expert opinion).

By 1 August 2021, the procedure for selecting appraisal organizations, determining the cost and paying for their services in the privatization of state property, based on the selection of the best commercial proposals, will be introduced.