PRIVATIZED ENTERPRISES TO RECEIVE SUPPORT

2017-05-07

The Support Foundation for Privatized Enterprises is being established in Uzbekistan. It will be part of the State Committee for Support of Privatized Enterprises and Development of Competition of the Republic of Uzbekistan.

 

The new foundation will be established on the basis of the Foundation of State Property Privatization Funds. Its primary mission will come to the allocation of funds for practical support for privatized enterprises, implementation of investment projects, and organization of trainings for entrepreneurs.

 

Dividends from the state share in business entities, which are channeled to the republican budget, as well as the funds from the lease of state property that are channeled to local budgets of the regions will be additional sources of support for privatized enterprises.

 

The Cabinet of Ministers is expected to endorse the regulation on the procedure of formation and use of the funds of the Support Foundation for Privatized Enterprises by the end of May. 

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