Published
09/23/2025, 12:04In January–August, the republican budget received 9.17 billion KGS from the privatisation of state property. These figures were provided by the State Agency for State Property Management.
As reported to Akchabar by the State Agency for State Property Management, the largest assets sold included properties in Bishkek, Osh and Issyk-Kul.
In particular, the state sold 100% of the shares of OJSC Ala-Archa (formerly OOO Trade Invest) for 1.75 billion KGS. The buyer was the Social Fund. The transaction was formalised by a Cabinet of Ministers order dated 22 April this year.
In addition, the Social Fund was transferred the Simirum resort, located in the village of Korumdu in the Issyk-Kul region, by order of the Cabinet of Ministers. The cost of the property was 298.3 million KGS. The transaction took place on 13 March.
The real estate property of Everest Construction LLC, Tommy Mall in Bishkek on Tokombaeva Street, was sold for 1.016 billion KGS, which is 3 million KGS higher than the asset's valuation. The buyer has not been disclosed.
Another property sold by the state was a 100% stake in Osh Nuru LLC. The property was sold on 23 June for 1 billion 125 thousand KGS. The buyer has also not been disclosed.
It should be added that, overall, privatisation has become an important source of income from the management of state property. It accounted for more than a quarter of all budget revenues.
