Uzbekistan adopts measures for effective use of state objects

Tashkent, Uzbekistan (UzDaily.com) -- President of Uzbekistan Shavkat Mirziyoyev signed a resolution “On Additional Measures for the Effective Use of State-Owned Objects”.

The duration of the experiment to simplify the implementation of state-owned objects has been extended until January 1, 2020, the Ministry of Justice said.

The Center for the Organization of Electronic Online Auctions under the Bureau of Compulsory Enforcement has been transferred to the State Assets Management Agency.

Bidding for the lease of immovable objects of state ownership will be carried out through the electronic trading platform "E-IJRO AUKSION" from July 1, 2019.

A state commission to conduct tenders for the sale of state property has been established.

From March 1, 2019, the following terms of payment of redemption payments for state immovable property objects and state shares were introduced in this Resolution:

• up to 3 000 minimum wage - no more than three months from the date of the conclusion of the contract of sale;
• over 3 000 minimum wage, but not more than 7 000 minimum wage, not more than six months from the date of the conclusion of the contract of sale;
• over than 7 000 minimum wage, but not more than 15 000 minimum wage, not more than one year from the date of conclusion of the contract of sale;
• over 15 000 minimum wage, but not more than 20 000 minimum wage, not more than two years from the date of conclusion of the contract of sale;
• over 20 000 minimum wage - no more than three years from the date of the conclusion of the contract of sale.

Shares of the state in the authorized capital of business societies are implemented without the use of installment payment mechanisms and discounts.

Sales contracts for state-owned objects are not subject to mandatory notarization.

The order of preserving new jobs during the year from the moment of accepting the fulfillment of investment obligations in the implementation of state-owned objects at the auction at a “zero” redemption value, including those previously implemented, was canceled.