OUR MAIN PURPOSE IS ECONOMIC REVIVAL OF ST.PETERSBURG
St.Petersburg City Property Management Committee (KUGI) was set up on August 23, 1991 by a resolution of the Presidium of Lensoviet. It's authority was spread over the management of all the state property of the city, including privatization of state enterprises. The KUGI was also furnished with full power of ownership of any company with some or other city share in the capital. Besides, the KUGI had the exclusive right to lease the state property.
By the Resolution of State Property Committee of October 24, 1991 the KUGI was granted a management of federal as well as municipal properties on the territory of St.Petersburg. From January 9, 1992 the KUGI is a territorial agency of Russia's State Property Committee, Thus it has double subordination (it is part of St.Petersburg's Mayor's Office as well as of Russia's State Property Committee).
By the Privatization Act the Chairman of the KUGI is a Deputy Mayor of the city and within the framework of the active structure of the Mayor's Office co-ordinates the work of St.Petersburg's Property Fund, of the Committee for Land Resources and System of Land Use and of the City Board of Real Estate Inventory and Evaluation. He also assures co-ordination between the City Administration, the Territorial Agency of the Federal Board for Insolvency (Bankruptcy) and St.Petersburg's Territorial Agency of Russia's State Committee for Antimonopoly Policy and Promotion of New Economic Structures.
As for the organization of the KUGI itself, at the present time it consists of 13 subdivisions. The most important of them are the departments of privatization and of real estate. The methodics board and the legal board work out normative acts and legal support in the sphere of property interests of the city. The state property register and control board is concerned with the listing of city property as well as with creation, reorganization and liquidation of the city enterprises.
The KUGI includes more than 20 agencies - a kind of it's branches on district level.
The realisation of state privatization programs has sharply increased the KUGI's status. As a result, in a short period of time more than 4 thousand municipal and federal properties were privatized, which is 80 per cent of the total. About 800 enterprises with staff of more than 730 thousand people became joint-stock companies. Thus, in St.Petersburg enterprises of different forms of property "co-exist peacefully", the fact that does much for the development of civilized market relationships.
It is this circumstance that in the opinion of the Deputy Mayor, the Chairman of the KUGI Michail Manevich significantly increases the attraction of investment in St.Petersburg. The private property plays the most important role in determining the economic life of the city. More than a half of the city enterprises became owners of their land plots - and all this contributes to the establishment of civilized traditions in the real estate sphere and in the stock market.
The Deputy Mayor is convinced that the developed legal base in the property sphere is the strongest point in the co-operation with local and foreign investors.
