PRIVATIZATION RESULTS OF STATE UNITARY ENTERPRISES IN THE REGION

Monitoring and analysis of priority directions of state policy in the field of privatization is carried out in the article; and some privatization results of state unitary enterprises of the Chechen Republic for 2013– 2020 are summed up. The essence of privatization is to change the ownership form and the subject of ownership of property, state property transfer to the ownership of citizens and legal entities, that is, to private ownership. According to the authors, a layer of new owners is being formed, and the state is disengaged from the costs of maintaining and managing ineffective industries. The transfer of rights must be registered. Privatization is not considered to have taken place until the completion of state registration. President a law restricting the activities of state and municipal unitary enterprises and providing their in competitive The are enterprises well the and The conclude that the formation of an effective economy of the Chechen Republic is probable only in the presence of dynamically developing, competing for the consumer, and economic entities of various forms of ownership. In this regard, the task of denationalizing hundreds of unprofitable or ineffective state unitary enterprises, official enterprises, and state institutions is extremely urgent in the republic.


Introduction
According to the Ministry of Property and Land Relations of the Chechen Republic (hereinafter referred to as the MPLR ChR), the register of state property of the Chechen Republic included information about 796 legal entities with a state form of ownership and with a state share in the authorized (pooled) capital, to which state property is assigned on property rights with a total book value

Problem Statement
In March 2013, the parliament of the republic adopted the law of the Chechen Republic No. 3-RZ "On the privatization of state property of the Chechen Republic". First attempts to initiate the law adoption on privatization were made by the deputies and economists of the republic back in 2005 but were unsuccessful because the law was blocked by the legal department of the presidential administration and the government of the Chechen Republic. The administration presented various arguments about the untimeliness of the broad process of property privatization including one that the privatization law will untie the hands of the economically active part of the population (Idigova et al., 2017).
The most significant targets are outlined in the predicted plans for the state property privatization of the Chechen Republic: optimization of the composition and structure of state property; privatization of https: //doi.org/10.15405/epsbs.2021.11.337 Corresponding Author: Salambek Khaitovich Sulumov Selection and peer-review under

Research Questions
The research subject is international, foreign, and national legal regulation of the privatization of state and municipal property.

Purpose of the Study
The purpose of the paper is to comprehensively study the legal regulation issues of the privatization of state and municipal property based on an analysis of the domestic legislation norms, the practice of their application, and scientific theories in this area.

Research Methods
Methods of structural and functional analysis, including statistical and traditional methods of economic analysis, namely, groupings, comparisons, and generalizations are applied to achieve the goal and substantiate the hypothesis.

Findings
At 11.6 billion rubles in 2019, 21.5 billion rubles in 2020 (Salgiriyev et al., 2019). In 2018, the government put up 100 % of JSC "Chechencement" stocks for sale, the value of which is 1.239 billion rubles, and 100 % of LLC "Promavtomatika" shares; the cost of shares is 65.8 million rubles.

Conclusion
Thus, only four large state unitary enterprises USE "Chechencement", USE "Promavtomatika", USE "Orgtehnika", USE "Spetsavtomatika" underwent organizational and legal reorganization for the period of 2013-2017. Nevertheless, the change of ownership still did not happen. The Chechen Republic owns 100 % of the property of LLC "Promavtomatika", LLC "NefteMashService", LLC "Artpolimer", and LLC "Chechencement." As fae as we know, the essence of privatization is to change the form of ownership and the subject of property ownership, transfer of state property to the ownership of citizens and legal entities, that is, to private ownership. Therefore, a layer of new owners is formed, and the state is disengaged from the costs of maintaining and managing ineffective industries. The transfer of rights must be registered. The privatization is not considered to have taken place until the completion of state In this regard, the task of increasing the republic investment attractiveness should be forcefully resolved. Primarily, this can be achieved by the reduction of administrative risks, the development of the banking system, and the creation of an independent judicial system (including an arbitration court).