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27.12.13 10:11

President of Turkmenistan signs law on denationalization and privatization of state property

President of Turkmenistan Gurbanguly Berdimuhamedov signed the law "On denationalization and privatization of state property”. The text of the law was published in Turkmen newspapers.

As the Turkmenistan.ru correspondent reports from Ashgabat, this law establishes the legal, economic and organizational aspects of privatization of state property. The law aims to support development of entrepreneurship and creating conditions for attraction of investments and development of efficient, socially oriented market economy in Turkmenistan.

This law will come into force on 1 July 2014. The statutory acts of Turkmenistan shall be brought into conformity with this law within three months from the date of its entry into force.

 

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