Over 1,200 joint-stock companies operate nationwide



State Assets Management Centre is now entrusted to control over the state-owned stock. Representatives of the State Committee for Privatization, De-monopolization and Competition of the Republic of Uzbekistan informed about that at a press conference.

On June 11, 2013 the government approved a Decree ‘On measures for establishment of the State Assets Management Centre of the State Committee for Privatization, De-monopolization and Competition of the Republic of Uzbekistan’. The document has empowered a new body for the country to manage the assets and promote development of privatization and competition.

The Centre will focus on effective technical, economic and industrial policy in Uzbekistan.

As Sayfitdin Gafarov, Deputy Chairman of the State Committee for Privatization, De-monopolization and Competition of the Republic of Uzbekistan noted at the press conference, the new body will also represent the interests of the state in other countries through direct representation of Uzbekistan as a shareholder. It is worth to mention more than 60 facilities abroad with our country as one of the key players.

Implementation of best practices of corporate governance in business societies plays an important role in the activity of the Centre. Uzbekistan is successfully exchanging experience in this field with Germany, Korea and other advanced countries. (Source: “Uzbekistan Today” newspaper)