In 2017-2018, it is projected to launch more than 4,400 new production facilities in Uzbekistan’s regions on the premises of inefficient enterprises as well as idle and unfinished structures.
Last year, projects on land optimization, conservation of out-of-operation capacities, restructuring of bank debt, modernization and technological renewal of production were implemented in 99 objects under the programs of financial rehabilitation of unprofitable, low-profit and inactive enterprises.
“As a result, the companies that operated at a loss in 2015 earned a total of 54 billion soums’ profit in January-September 2016. The initiative will be continued in 2017 in mechanical engineering, electrical engineering, construction, heavy industry, agricultural processing and consumer goods production,” reported press service of the State Committee for Privatization, Demonopolization and Competition Development.
A total of over 900 billion soums was invested in 786 unprofitable and inactive companies in 2016, allowing them to establish a full-fledged production activity. Another 777 vacant state property objects were leased, sold out to investors, also at zero cost, which have also contributed to the establishment of additional capacities.
