Uzbekistan establishes State Committee on privatisation and monopoly
Uzbekistan, Tashkent, Nov. 14 /Trend D.Azizov /
A decree by Uzbek President, Islam Karimov, has established a State committee on privatisation, de-monopolisation and the development of competition.
According to a decree published by the central mass media, the new state structure is being created on the basis of the two defunct committees - State Committee for state property management and the State Committee for de-monopolisation and development of competition.
New territorial departments of the committee will be established in the regions and Tashkent based on the departments of the abolished committees.
The new structure was created to focus efforts on strengthening national institutions, ensuring the performance of work on privatisation, de-monopolisation and development of competition, the presidential decree says.
In addition, the new state committee will have to speed up work on issues of the dominance of 'natural monopolies and the formation of organisational and practical measures to implement effective anti-monopoly regulation, the formation of real competitive environment, promoting enterprise competitiveness' in accordance with the law 'On Competition'.
The main goals of the new agency are the development and implementation of systematic measures to deepen the processes of privatisation, to private ownership of state-owned assets, the introduction of new forms and methods of privatisation and the monitoring of the implementation of investment commitments made by the investors.
The functions of the new department also include the implementation of the restructuring and bankruptcy of insolvent enterprises, the implementation of measures to conduct the pre-trial and judicial rehabilitation and the external management of bankrupt enterprises.
Decisions of the state committee, made within its authority are binding upon the ministries, departments, local executive authorities, businesses, public officials and citizens.
According to the presidential decree, the State Committee on privatisation, de-monopolisation and development of competition and its local agencies are exempt from state fees for claims to be submitted to the courts in accordance with the mandate entrusted to the committee.