In Uzbekistan, a portion of state assets that have remained unsold for a long time will be put up for electronic auctions with a starting price of 1 million soums. For other unsold objects, a new hybrid trading format is being introduced, as reported by Podrobno.uz.

The list of objects with a starting price of 1 million soums is approved by a separate annex to the new decree of the President of Uzbekistan. State structures are tasked with additionally informing the public about such lots through mass media, social networks, and khokim assistants.

If a state asset cannot be sold within three months, it will be allowed to be sold under a hybrid Anglo-Dutch model. At repeated auctions, the price will first be gradually reduced with a step of 2%, and after a purchase offer appears, it will begin to rise from the amount proposed by the participant.

The timing of the auctions is also changing. Announcements about regular electronic auctions and tenders will be posted 15 days in advance instead of 30, and about repeated ones – five days instead of ten. If only one participant applies for a repeated auction, they may be offered to purchase the lot at the announced price.

Earlier it was reported that in Uzbekistan, large state universities and republican specialized medical centers are planned to be gradually transformed into economic societies.

Source: podrobno.uz