Kyrgyzstan to put up to auction 37 nationalized facilities

Kyrgyzstan to put up to auction 37 nationalized facilities

"Ministry of State Property of Kyrgyzstan is going to auction 37 nationalized facilities to replenish revenue side of the budget," Minister of State Property Nurdin Ilebaev said at today's parliamentary session of Committee on Fiscal and Monetary Policy, 24.kg news agency reported.

According to him, 47 facilities were nationalized in 2010. "Currently program project was worked out. According to it there will be two lists of facilities. First list consists of facilities owned by the State; second one - facilities to be sold. 37 facilities are planned to be sold after reconciliation with ministries and departments. We are expecting to receive KGS 3.7 billion. The most part of revenue is expected form sell of Kyrgyztelecom OJCT stock," said Nurdin Ilebaev.

However, the deputy Zhanysh Kudaibergenov expressed doubt that Ministry of State Property would be able to implement all objects in accordance with the budgeted amount. "It is unlikely that there is a businessman who wanted to buy the disputed objects, many of which are continuing litigation. It turns out that the originally budget can not be realized," he underlined.

As Nurdin Ilebaev noted, it was talked of small objects such as cars, yachts. "Despite some risk, we hope to be able to sell them," he added.

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