OREANDA-NEWS. August 09, 2011. Activity of the State Property Committee and organizations of the market infrastructure for the I-st half-year of 2011 was aimed at the major priorities, identified by the President at the meeting of the Cabinet of Ministries on January 21, 2011, reported the press-centre of State Property Committee.
 
Legislative basis
As part of the Or4der by President of the Republic of Uzbekistan dated 14.01.2011y. № P-3557 "On measures for implementation of priority guidelines of the "Concept of the further deepening of democratic reforms and the development of the civil society in the country " at sphere of deepening of democratic  market reforms and liberalization of the economy" the work is being done on preparation of the draft-laws of the Republic of Uzbekistan, namely "On protection of the private property and guarantees of the property rights", "On Privatization "(in new wording), "On Management of the State Property," "On t6he joint stock companies and protection of shareholders' rights" (in new wording)," On the Exchanges and the Exchange activity "( in new wording ) "On the investment and mutual funds.

Thus, the draft-law "On protection of the private property and guarantees of the property rights" was elaborated, got agreed with ministries and agencies concerned, and on June 30. 2011 was introduced to the Cabinet of Ministers of the Republic of Uzbekistan."
 
Privatization
62 state assets were sold totaling 67.88 million US dollars and 71.7 billion soum, among those 67.83 million US dollars and 60.93 billion soum constitute the investment obligations undertaken by investors on sales contracts, foreseeing modernization of production, creation of new  job-places, increase of release of import-substituting products. 
 
Investments
Implementation of investment commitments on 164 contracts is being monitored.  During I-st half-year of 2011 investment commitments in volume of  23.7 million US dollars (106%) and 20.6 billion soums (105%) were fulfilled. As for the sites, sold at zero purchase price, the investment commitments at size of 1.4 million US dollars and  18.6 billion soums were fulfilled.

As part of execution of the Decree of the Cabinet of Ministers dated 08.07.2011 № 141 agreements on sale of 21 idle, empty and unfinished by construction sites of state property at zero purchase price with undertaking of investment obligations by investors at size of 49.89 bln. soum  and USD 67.8 million US dollars and creation of over 2630 new  job-places were signed.
 
Effective management of the State property 
By status on 01.07.2011 the activity of 800 (271 JSC and 529 LLC) privatized enterprises with state share in statutory fund is being monitored.

Analysis of basic financial and economic data of enterprises where representatives of the State act, nidicate positive results in their activities. According to operational data in the reporting related to I-st half-year period, at 784 (98%) of economic entities where representatives of the state act, profit was gained, among those are 537 (68.5%) where increase compared to the similar period of the last year were marked.

A draft Resolution of the Cabinet of Ministries   on approval of the Concept of rise of efficiency of state property's management has been elaborated and sent to ministries and agencies concerned for getting it agreed.
 
Lease of state property
Additionally 13 557 non-residential unused state-owned housing facilities were disclosed by the Lease Centers. Over 11.8 thousand lease arrangements were signed. As a result, 27.5 thousand new job-places were created.

From the lease the state property total 14.9 billion soums were received, which is by two-folds more compared to the similar period of the last year . Of these, 50%, i.e. 7.45 billion soums have been allocated to the respective local budgets 6.1 billion soums - to enterprises on whose balance-sheet keeper that state property is fixed.

Securities market
The total turnover of the securities market (equities and corporate bonds) amounted to 322.8 billion soums. Of these, carried out on an organized market deals worth 47.6 billion soums (against 9.3 billion soums in the same period in 2010), including the secondary organized market in the amount of 36.1 billion soums.
 
Valuation, stock market, and realtors' activity
13 licenses were issued awarding the right to perform evaluation activities, as well as appraiser qualification certificates to 40 individuals who successfully passed the exams. So, by July 1, 2011 the total number of valuation organizations constitutes 126, while the number of certified   appraisers - 503.

Along with that, certificates of professional participant of the stock trade were issued for 980 individuals who successfully passed the certification, including the 968 engaged in Commodity field and 12 - in the field of real estate.

In addition, Realtor qualification certificates were awarded to 122 individuals who successfully passed the exams.