According to the newspaper Orient, President Berdymukhamedov signed a decree regulating the rules for the transfer of state property for the management of the trustee, which is possible as a result of a competitive selection process.
The document is aimed at increasing the efficiency of asset consumption and profitability of public sector enterprises, as well as attracting foreign investment to all spheres of Turkmenistan's economy.
The law "On Trust Management of State Property" applies to all components of capital owned by business and joint-stock companies and state enterprises. The exception is the companies and organizations belonging to the category of strategically important objects. Thus, this law does not provide for extension to the objects of petroleum activities which carry out defence capability and state security.
The Law focuses on the fact that the trustee of the property specified in the contract is not the owner thereafter. The contract allows you to temporarily dispose of the property, increasing the profit of the assets.
Source: orient.tm
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