Rothschilds to oversee privatization of Eurasian partner, Soviet satellite Uzbekistan
Quote from Timothy Fitzpatrick on April 14, 2023, 21:43According to publications on the website of the newspaper "Pravda"
Author - Sergey Kozhemyakin, staff. corr. "Pravda". Bishkek.
By the decision of the leadership of Uzbekistan, the processes of privatization have been sharply accelerated in the country. This year, thousands of assets will be put up for auction, and the sale procedure itself has been greatly simplified. Interest in the privatized objects was shown by Western business, including the Rothschild family.
The unforgettable Ostap Bender, who encouraged the gullible members of the Union, had a sword and shouted with the words “Foreigners will help us! The West is with us!” turned out to have quite a few followers in the post-Soviet republics. Including in leadership positions. This was proved by recent events in Uzbekistan.
At the end of March, a government meeting was held under the chairmanship of President Shavkat Mirziyoyev, the main topic of which was the reduction of the state's presence in the economy. According to the head of the republic, great successes have been achieved in this direction. Last year, assets worth 11.3 trillion soums (78 billion rubles) were sold, more than ten times more than in the previous decade. The president called the sale of state stakes in Ipoteka Bank for $324 million and Coca-Cola Uzbekistan for $252 million as the largest deals. In the first case, the buyer was the Hungarian OTP Bank, in the second - the Turkish company Coca-Cola İçecek.
Without concealing his satisfaction with the momentum, which allegedly significantly accelerated the emergence of a layer of private owners in the country, Mirziyoyev set the task of achieving new records. The inventory of 30,000 state-owned objects, he said, made it possible to get an idea of the future front of work. Based on this, the president immediately, at the meeting, signed a resolution approving a new privatization program. Let's highlight the main points of the strategy.
First, state shares in more than a thousand enterprises will be put up for sale. The largest "lots" should be fifty objects, including dealerships of the automaker "Uzavtosanoat", 14 oil depots of the company "Uzbekneftegaz", the largest network of gas stations UNG Petro, leading fertilizer manufacturers "Ammofos-Maxam" (former Almalyk chemical plant) and " Chirchik-Maksam” (formerly Chirchik Electrochemical Plant), foreign trade company Uztrade, Electrotechnical Plant “Photon”, fiber-optic cable plant in Jizzakh, etc.
At the same time, the shares of forty large factories and banks are supposed to be sold through a "people's IPO" ("initial public offering"). Among them are the Navoi and Almalyk mining and metallurgical plants, the Uzbek metallurgical plant, the National Bank, the mobile and Internet communications operator Uztelecom, etc. Their shares reportedly have an average return of 2 percent, which will allow citizens to receive an additional source of profit. The fact that ordinary residents cannot afford to buy any large blocks of shares, and the leading holders will sooner or later buy these grains from them, officials, of course, do not specify.
Secondly, it is planned to privatize 1,046 real estate objects with a total area of 1 million square meters through public auctions. Most of these buildings - one and a half hundred - are located in the capital. To speed up the process of selling state property, the period for preparing objects for privatization will be reduced from 80 to 48 days. It will also be allowed to put up for sale objects with an area of up to 2,000 square meters at the direct request of the business.
On the presidential decree, as they say, the ink did not have time to dry, and the process of selling large enterprises has already begun. On April 1, it became known about the transfer of the Kyzylkum phosphorite plant to the State Assets Management Agency for subsequent privatization. The determination of the buyer should be completed in the second quarter of this year.
In general, the main task of the privatization program was announced to receive 13 trillion soums (90 billion rubles) by the end of the year. It is also claimed that this will create 3,000 new enterprises - probably due to the fragmentation of large facilities - and employ 50,000 people.
Such optimistic assurances give off a populist odor and are unlikely to be implemented. This does not mean that the future of the privatization campaign looks completely vague. One of its results is clearly visible even now - this is the growth of the influence of foreign capital. Recently, Managing Director of investment bank Rothschild & Co Ariel Mallard de Rothschild visited Tashkent. During a meeting with the head of the Agency for Strategic Reforms under the President Shukhrat Vafayev, the guest expressed interest in buying Uzpromstroybank, one of the largest commercial banks in Uzbekistan. In addition, the parties agreed to develop a roadmap for cooperation. It is assumed that the Rothschilds will become consultants in the privatization of leading enterprises and the reform of entire sectors of the economy. The interest of the financial dynasty in the republic has been evident for a long time.
Another "capitalist shark", whose services they want to use in Tashkent, is the American investment company Franklin Templeton. Its delegation, headed by Director General for Investments Manraj Sekhon, visited the republic at the end of March and held talks with the Minister of Investments and Foreign Trade Laziz Kudratov. The result was an agreement to open an office of the company in Tashkent and its participation in the creation of the national investment fund of Uzbekistan.
In the republic, apparently, they forgot that taming sharks is a hopeless business. The results of such an undertaking can be tragic, as evidenced by the sad fate of many countries that have become victims of capital.
Editor's comment: It is sad to see how our neighbors continue to step on the rake of the so-called market "reforms". Our society has had time to fully feel the consequences of the advice of neoliberal economists. We all remember well how the "privatization" of the means of production took place, which gradually turned into "optimization", that is, the elimination of industrial capacities. It is precisely this kind of economic policy that has made our country directly dependent on transnational corporations and placed our entire sovereignty under attack at a difficult hour. Today's view clearly shows that the true purpose of privatization was nothing else than the enrichment of the privatizers, for the sake of which they were ready to deprive the country of industrial sovereignty.
Source: https://msk.kprf.ru/2023/04/11/235387/
According to publications on the website of the newspaper "Pravda"
Author - Sergey Kozhemyakin, staff. corr. "Pravda". Bishkek.
By the decision of the leadership of Uzbekistan, the processes of privatization have been sharply accelerated in the country. This year, thousands of assets will be put up for auction, and the sale procedure itself has been greatly simplified. Interest in the privatized objects was shown by Western business, including the Rothschild family.
The unforgettable Ostap Bender, who encouraged the gullible members of the Union, had a sword and shouted with the words “Foreigners will help us! The West is with us!” turned out to have quite a few followers in the post-Soviet republics. Including in leadership positions. This was proved by recent events in Uzbekistan.
At the end of March, a government meeting was held under the chairmanship of President Shavkat Mirziyoyev, the main topic of which was the reduction of the state's presence in the economy. According to the head of the republic, great successes have been achieved in this direction. Last year, assets worth 11.3 trillion soums (78 billion rubles) were sold, more than ten times more than in the previous decade. The president called the sale of state stakes in Ipoteka Bank for $324 million and Coca-Cola Uzbekistan for $252 million as the largest deals. In the first case, the buyer was the Hungarian OTP Bank, in the second - the Turkish company Coca-Cola İçecek.
Without concealing his satisfaction with the momentum, which allegedly significantly accelerated the emergence of a layer of private owners in the country, Mirziyoyev set the task of achieving new records. The inventory of 30,000 state-owned objects, he said, made it possible to get an idea of the future front of work. Based on this, the president immediately, at the meeting, signed a resolution approving a new privatization program. Let's highlight the main points of the strategy.
First, state shares in more than a thousand enterprises will be put up for sale. The largest "lots" should be fifty objects, including dealerships of the automaker "Uzavtosanoat", 14 oil depots of the company "Uzbekneftegaz", the largest network of gas stations UNG Petro, leading fertilizer manufacturers "Ammofos-Maxam" (former Almalyk chemical plant) and " Chirchik-Maksam” (formerly Chirchik Electrochemical Plant), foreign trade company Uztrade, Electrotechnical Plant “Photon”, fiber-optic cable plant in Jizzakh, etc.
At the same time, the shares of forty large factories and banks are supposed to be sold through a "people's IPO" ("initial public offering"). Among them are the Navoi and Almalyk mining and metallurgical plants, the Uzbek metallurgical plant, the National Bank, the mobile and Internet communications operator Uztelecom, etc. Their shares reportedly have an average return of 2 percent, which will allow citizens to receive an additional source of profit. The fact that ordinary residents cannot afford to buy any large blocks of shares, and the leading holders will sooner or later buy these grains from them, officials, of course, do not specify.
Secondly, it is planned to privatize 1,046 real estate objects with a total area of 1 million square meters through public auctions. Most of these buildings - one and a half hundred - are located in the capital. To speed up the process of selling state property, the period for preparing objects for privatization will be reduced from 80 to 48 days. It will also be allowed to put up for sale objects with an area of up to 2,000 square meters at the direct request of the business.
On the presidential decree, as they say, the ink did not have time to dry, and the process of selling large enterprises has already begun. On April 1, it became known about the transfer of the Kyzylkum phosphorite plant to the State Assets Management Agency for subsequent privatization. The determination of the buyer should be completed in the second quarter of this year.
In general, the main task of the privatization program was announced to receive 13 trillion soums (90 billion rubles) by the end of the year. It is also claimed that this will create 3,000 new enterprises - probably due to the fragmentation of large facilities - and employ 50,000 people.
Such optimistic assurances give off a populist odor and are unlikely to be implemented. This does not mean that the future of the privatization campaign looks completely vague. One of its results is clearly visible even now - this is the growth of the influence of foreign capital. Recently, Managing Director of investment bank Rothschild & Co Ariel Mallard de Rothschild visited Tashkent. During a meeting with the head of the Agency for Strategic Reforms under the President Shukhrat Vafayev, the guest expressed interest in buying Uzpromstroybank, one of the largest commercial banks in Uzbekistan. In addition, the parties agreed to develop a roadmap for cooperation. It is assumed that the Rothschilds will become consultants in the privatization of leading enterprises and the reform of entire sectors of the economy. The interest of the financial dynasty in the republic has been evident for a long time.
Another "capitalist shark", whose services they want to use in Tashkent, is the American investment company Franklin Templeton. Its delegation, headed by Director General for Investments Manraj Sekhon, visited the republic at the end of March and held talks with the Minister of Investments and Foreign Trade Laziz Kudratov. The result was an agreement to open an office of the company in Tashkent and its participation in the creation of the national investment fund of Uzbekistan.
In the republic, apparently, they forgot that taming sharks is a hopeless business. The results of such an undertaking can be tragic, as evidenced by the sad fate of many countries that have become victims of capital.
Editor's comment: It is sad to see how our neighbors continue to step on the rake of the so-called market "reforms". Our society has had time to fully feel the consequences of the advice of neoliberal economists. We all remember well how the "privatization" of the means of production took place, which gradually turned into "optimization", that is, the elimination of industrial capacities. It is precisely this kind of economic policy that has made our country directly dependent on transnational corporations and placed our entire sovereignty under attack at a difficult hour. Today's view clearly shows that the true purpose of privatization was nothing else than the enrichment of the privatizers, for the sake of which they were ready to deprive the country of industrial sovereignty.