Work on approval of the list of facilities and enterprises of the State property and subject to be denationalized and privatized is continued in Turkmenistan.

It was mentioned at the session of the Government on November 16 that the Ministry of Finances and Economy with other ministries and departments, administrations of the regions and Ashgabat carry out systematic work in this direction.

In this context, the proposal on privatization of 27 facilities has been presented to the Head of the State for review. It is proposed to privatize 20 facilities of the Ministry of Construction and Architecture, 5 facilities of the Ministry of Trade and Foreign Economic Affairs and 2 facilities of the Ministry of Energy at the auction.

In this regard, the Head of the State highlighted that privatization is to support the improvement of the competiveness of national economy, profitability of industrial production stimulation of investment activity as well as dynamic development of entrepreneurship including small and medium business. For these purposes, Turkmenistan takes actual measures for improvement of relative regulatory framework, which includes the adoption of the Law on Denationalization and Privatization of the State Property.

The President requested to continue steadfast work in this direction.