Uzbekistan is introducing a new procedure for assessing state-owned enterprises, according to which it will be determined annually which ones need to be maintained, privatized, reorganized, or liquidated.
This new regulation was officially approved by a decree of the Cabinet of Ministers. The annual inventory of state enterprise activities will be conducted through the joint efforts of state bodies, the State Assets Management Agency, and other relevant departments. Based on the results of this inspection, a list of organizations with recommendations regarding their future existence is formed and then submitted to the government for approval.
Furthermore, before privatizing a state share, it is mandatory to obtain a conclusion from the Competition Development Committee regarding the level of competition in that industry.
Mechanism for working with state institutions
A separate mechanism has been developed for state institutions. Annually, before May 1st, the Competition Development Committee, together with relevant ministries and agencies, will analyze their activities and submit proposals to the State Assets Agency regarding possible cessation of operations or privatization.
Previously, a state complex intended for refueling aircraft with aviation fuel was put up for public auction in Tashkent. For the privatization process, the State Assets Agency engaged the international consulting company Ernst & Young.