Tashkent, Uzbekistan, Jan. 8
By Mamed Dashdemirov – Trend:
Uzbek President Shavkat Mirziyoyev instructed the country’s State Committee for Assistance to Privatized Enterprises and Development of Competition until April 15, 2018 to agree upon business plans with the Finance Ministry regarding all facilities with state participation, Alisher Miraliyev, director general of the Center for Management of State-owned Assets, told Trend.
The business plans should include measures for the introduction of international financial reporting standards, corporate governance practices, ensuring holding of open tenders on state assets, including those with zero redemption value, for private owners, monitoring of fulfillment of investment obligations by investors in facilities with state participation (in particular joint-stock companies).
In addition, the Uzbek president instructed to carry out inventory of state assets before May 1, 2018, and together with the Accounting Chamber and the National Project Management Agency, ensure the analysis of financial and economic activity of joint-stock companies with a state share of 50 percent or more before Dec. 1, and submit proposals on optimization of state participation share in these joint-stock companies to the Uzbek government.
According to the Central Securities Depository of Uzbekistan, as of Jan. 1, 2018, more than 600 joint-stock companies were registered in the country, including 267 joint-stock companies with a state share in the authorized capital.