Privatisation in Uzbekistan gains momentum

The State Committee of the Republic of Uzbekistan for Privatization, Demonopolization and Development of Competition has published an invitation for foreign investors to participate in the stock exchange sales related to the state-owned stock packages present at the Charter Funds.

Please note that according to the Resolution of the President of the Republic of Uzbekistan dated 11/04/2005 foreign investors with a stake in Uzbek joint-stock companies from a 15% to 33% of the share capital will gain privileges on taxes and applying these privileges depends on the volume of the investments.

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