RESOLUTION OF THE CABINET OF MINISTERS OF THE REPUBLIC OF UZBEKISTAN

of August 26, 2003 No. 368

About additional measures for acceleration of privatization of the state low-profitable, unprofitable, economically insolvent companies and objects

For the purpose of acceleration of process of privatization and privatization, realization of the state low-profitable, unprofitable, economically insolvent companies, low-liquid objects and the state assets of the privatized companies to real owners, and also for upgrade and sustainable development of these companies the Cabinet of Ministers of the Republic of Uzbekistan decides attraction of direct investments:

1. Ceased to be valid according to the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan of 06.10.2014 No. 279

2. Provide to State commission on holding tenders in case of sale of state-owned property (Azimov R. S.) powers:

make decisions on approval of lists of the state low-profitable, unprofitable, economically insolvent companies and low-liquid objects which are subject to realization on zero redemption value with condition of adoption of investment obligations by investors;

realize according to requests of foreign investors for creation of the companies with foreign investments the low-liquid objects which are on balance of public authorities on places on zero redemption value, without carrying out tender by the conclusion of direct contracts with the investor under specific investment obligations.

3. Determine that:

realization of the state companies and objects on zero redemption value is performed only on competitive basis to the investors who offered the best investment projects and obligations including also complete repayment of accounts payable of the company except the cases provided in paragraph three of Item 2 of this resolution;

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