Turkmenistan Announces Auction on Privatization of State Property

BUSINESS TURKMENISTAN
Turkmenistan Announces Auction on Privatization of State Property
The auction will be held on September 30 at the Ministry of Finance and Economy of Turkmenistan.

In accordance with the legislation of Turkmenistan on the privatization of state property, the Ministry of Finance and Economy of Turkmenistan announced an auction for the sale of state property.

The list of objects that will be privatized was published in Neytralnyi Turkmenistan newspaper’s Monday issue. The auction will be held on September 30 at the Ministry of Finance and Economy of Turkmenistan.

The objects of the Ministry of Trade and Foreign Economic Relations of Turkmenistan, the Ministry of Agriculture and Environmental Protection of Turkmenistan, the Türkmengaz (Turkmen Gas) State Concern, the Türkmenhaly (Turkmen Carpets) Production Association, the Ministry of Textile Industry of Turkmenistan and the hyakimliks (administrations) of Lebap and Mary velayats will be put up for auction.

Citizens of Turkmenistan, foreign nationals, as well as non-state legal entities of Turkmenistan and foreign legal entities, who have submitted an application in the prescribed form, have made a deposit and special fee, and have been registered to participate in the auction on time, are allowed to participate in the auction in the procedure established by the legislation of Turkmenistan.

Foreign legal entities, international organizations established in accordance with the laws of foreign states, their permanent representatives and branches in Turkmenistan can participate in the privatization of state property only with the conclusion of the Agency for Protection against Economic Risks under the Ministry of Finance and Economy.

The Ministry of Finance and Economy of Turkmenistan starts accepting and registering applications from the date of publication of this information message and ends 24 hours before the auction. Registration of participants begins on the day of the auction at 9.00.

Consultations on the procedure for participation in the auction and the provision of additional information on the objects for privatization are carried out by the Department of Property Relations and Enterprise Support of the Ministry of Finance and Economy and specialized departments.