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RESOLUTION OF JOGORKU KENESH OF THE KYRGYZ REPUBLIC

of June 29, 2015 No. 5408-V

About approval of the Privatization program of state-owned property in the Kyrgyz Republic for 2015-2017

(The last edition from 20-04-2017)

According to the Law of the Kyrgyz Republic "About privatization of state-owned property in the Kyrgyz Republic" the Jogorku Kenesh of the Kyrgyz Republic decides:

1. Approve the Privatization program of state-owned property in the Kyrgyz Republic for 2015-2017 according to appendix.

2. To the government of the Kyrgyz Republic after effective period of the above-stated Program to submit the report on results of its accomplishment for consideration of Jogorku Kenesh of the Kyrgyz Republic.

3. Declare invalid appendix Item 29 2 resolutions of Jogorku Kenesh of the Kyrgyz Republic "About approval of the Program for effective management and the order of the nationalized objects" of July 8, 2011 No. 941-V.

4. Bring in the resolution of Jogorku Kenesh of the Kyrgyz Republic "About suspension of privatization of the separate nationalized objects" of February 12, 2014 No. 3816-V the following change:

in Item 1 of the word "49 percent of shares of Alfa telecom Ltd to exclude.

5. To impose control of execution of this resolution on Committee of Jogorku Kenesh of the Kyrgyz Republic on economic and fiscal policy (Samakov K. S.).

Deputy Toraga

T. Zulpukarov

Appendix

to the Resolution of Jogorku Kenesh of the Kyrgyz Republic of June 29, 2015 No. 5408-V

The privatization program of state-owned property in the Kyrgyz Republic for 2015-2017

1. The purposes and tasks of state policy of privatization of state-owned property for 2015-2017

1. Main objectives of policy of privatization of state-owned property for 2015-2017 in the Kyrgyz Republic are:

- optimization of structure of state-owned property;

- investment attraction in public sector of economy;

- increase in efficiency of activities of the companies of public sector of economy.

2. In the forthcoming period of the politician in the field of privatization of state-owned property it will be directed to the solution of the following tasks:

- enhancement of regulatory framework of privatization and assessment of state-owned property;

- implementation of practice of tendering on privatization of state-owned property in electronic format;

- restructuring of non-core assets of the state organizations;

- implementation of the principles of corporate management in activities of the state companies by their transformation to economic societies.

2. Methods and conditions of privatization

3. Treat methods of privatization:

- sale at auction;

- sale at tender;

- transfer to management with the subsequent redemption;

- transfer to lease with the subsequent redemption;

- introduction as contribution to the authorized capital of economic societies;

- placement and sale of shares on the stock exchange;

- method of direct sale.

In exceptional cases, in case of impossibility of sale of object at least 3 times any of the listed methods, can be applied method of direct sale.

The choice of method of privatization is performed by authorized state body on management of state-owned property depending on subject to privatization.

The choice of method of privatization is performed on the basis of the carried-out analysis of financial and economic condition of subject to privatization, taking into account its specific, industry, regional and other features, and also the prospects of further development. Specific terms of privatization of objects are determined by authorized state body in the sphere of management of state-owned property, proceeding from features of object and market situation.

The method of privatization of strategic objects of the Kyrgyz Republic is established by the decision of the Government of the Kyrgyz Republic.

4. Application of methods of privatization.

Conditions and procedure for application of sales method at auction, tender, direct sale, transfer to management with the subsequent redemption, in lease with the subsequent redemption of state-owned property and placement of the state block of shares on the stock exchange are regulated by the provisions approved by the Government of the Kyrgyz Republic.

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