Procedure for leasing state property approved in Turkmenistan

Business Materials 2 November 2019 16:22 (UTC +04:00)

ASHGABAT, Turkmenistan, Nov. 2

By Huseyn Hasanov– Trend:

A procedure for leasing state property has been approved in Turkmenistan, Trend reports referring to the published resolution of the country’s president.

The document was signed in order to improve the procedure for leasing state property in accordance with the law of Turkmenistan “On Leasing”, the report said.

The Turkmen Ministry of Finance and Economics has been ordered to register state property leases in the prescribed manner.

In addition, together with the Ministry of Justice, it is necessary to prepare and submit proposals within a month to the Turkmen Cabinet of Ministers on amendments to the Turkmen legislation arising from this resolution.