of April 26, 2006 No. PP-335
About measures for enhancement of activities of the State Property Committee of the Republic of Uzbekistan
The measures for enhancement of forms and methods of privatization taken in recent years, realization of the companies entirely and the state blocks of shares in private property created conditions for acceleration and deepening of processes of transformation of the relations of property practically in all industries of economy. Distinctive feature of process of privatization of the last years is realization of the state assets and blocks of shares on zero redemption value. The cardinal turn towards expansion of private sector, the accelerated development of small business, farms and entrepreneurship is performed.
At the same time activities of the State Property Committee and its bodies on places require serious improvement.
The State Property Committee of the Republic of Uzbekistan and its territorial administrations do not show due initiative on the most important strategic directions of privatization, concentrating the main attention on small minor questions, do not take due measures for expansion of the stock market and activation of market development of securities, especially secondary.
Cardinal review is required by approaches to privatization of the large companies holding monopoly position in the market, needing inflow of considerable investments including foreign, implementation of modern technologies. In authorized capitals of many holding and joint stock companies still unfairly high shares of the state blocks of shares remain.
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The document ceased to be valid since April 22, 2025 according to Item 19 of the Presidential decree of the Republic of Uzbekistan of April 21, 2025 No. UP-70