Joint stock companies receive additional time to attract foreign investors
16/08/2016 12:40
Joint stock companies receive additional time to attract foreign investors
16/08/2016 12:40
Tashkent, Uzbekistan (UzDaily.com) -- The Government of Uzbekistan with its resolution prolonged term for attraction of foreign investors to some joint stock companies.
The Cabinet Minister’s resolution from 5 August determined additional measures on attraction of foreign investors to some joint stock companies.
The resolution said that 17 joint stock companies failed to attract foreign investors in time due to poor work of top managers and inefficient organization of management.
The document underlined that heads of eight joint stock companies were fired, while nine top managers were warned and punished.
All 17 joint stock companies developed additional measures and new schedule on attracting foreign investors.
The Government also set new terms for attracting foreign investors for some joint stock companies. In particular, 26 joint stock companies should attract foreign investors till 1 November and 61 enterprises till 31 December 2016.
If the joint stock companies fail attract foreign investors, they should change their organizational-legal form.
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