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Uzbek President Appoints Chairman of State Committee on Privatization
Source: en.trend.az
Source Date: Saturday, November 17, 2012
Focus: Institution and HR Management
Country: Uzbekistan
Created: Nov 19, 2012

Aziz Abdukhakimov appointed chairman of the newly created State Committee on privatization, demonopolization and development of competition by the decree of president Islam Karimov, the government portal (cov.uz) stated.

Previously Aziz Abdukhakimov held the position of acting Chairman of the State Committee of the Republic of Uzbekistan on management of state property, and prior to that - the first deputy chairman of the same committee.

As it was reported the State Committee on privatization, demonopolization and development of competition was 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.

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.

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.
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