21 July 2019

00:00:00 (GMT+5)

Tashkent +30,3 °C

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20 Feb  2019 1493

Uzbekistan extends the experiment with auction sale of state-owned property

The pilot mechanism of state-owned facilities sale simplification was extended until January 1, 2020.

This is stated in the Presidential Decree of February 19.

According to the document, bidding for the state-owned objects sale (except for shares) is carried out on the “E-IJRO AUKSION” electronic trading platform. Also, tenders for real estate lease will be put to the same platform starting July 1.

The minimum rental rate will be specified due to the the activity profile indicated by their balance holders for this purpose.

The decree noted that the real estate objects, displayed on the “E-IJRO AUKSION” electronic trading platform at a starting price of 1 soum, will not be withdrawn from the auction until they are sold.

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