Ministry of Economic Finance to be responsible for reforming state-owned enterprises

Shavkat Mirziyoyev approved new changes in the management system of state enterprises. The presidential decree was published in the Lex.uz database.

The investment company UzAssets is moving from the Agency for Strategic Reforms under the jurisdiction of the Ministry of Economy and Finance. Together with it, the ministry receives shares in 31 enterprises, which were transferred to the management of UzAssets in March:

1.  AMMC (98.5%);
2.  NMMC (100%);
3.  Navoiuran (100%);
4.  Uzmetkombinat (81.1%);
5.  Uzbekneftegaz (99.9%);
6.  Uztransgaz (99.5%);
7.  Khududgaztaminot (100%);
8.  UzGasTrade (100%);
9.  "National Electric Networks" JSC (100%);
10.  "Regional Electric Networks" JSC (100%);
11.  "Thermal Power Plants" JSC (100%);
12.  Uzbekhydroenergo (100%);
13.  Uzkimyosanoat (100%);
14.  Navoiazot (100%);
15.  Uzbekistan Railways (100%);
16.  Uzbekistan Airways (100%);
17.  Uzbekistan Airports (100%);
18.  Toshshakhartranskhizmat (100%);
19.  Uzavtosanoat (100%);
20.  Uzbektelecom (96.2%);
21.  Uzbekiston Pochtasi (UzPost) (31.51%);
22.  Uzbekkumir (97.9%);
23.  Agrobank (52.2%);
24.  Asakabank (10.7%);
25.  Uzsanoatqurilishbank (13.1%);
26.  Xalq Bank (People's Bank) (22.4%);
27.  Turonbank (8.7%);
28.  Qishloq Qurilish Bank (74.5%);
29.  Aloqabank (3.8%);
30.  NBU (40.7%);
31.  Microcreditbank (70.8%).

In addition, the Fund for Reconstruction and Development will transfer to the Ministry of Economic Development the powers of a shareholder in state-owned stakes in ten companies, including 9 banks, and the functions of managing them:

1.  Agrobank (46.3%);
2.  Asakabank (88.2%);
3.  Uzsanoatqurilishbank (82.1%);
4.  Xalq Banki (People's Bank) (78.5%);
5.  Turonbank (90.1%);
6.  Qishloq Qurilish Bank (23.9%);
7.  Aloqabank (54.5%);
8.  NBU (59.3%);
9.  Microcreditbank (28.2%);
10.  Uzbekistan Metallurgical Plant (37%).

The ministry was instructed to approve a new organizational structure, board and supervisory board of UzAssets. It will be responsible for attracting consultants and approving reform schedules for state-owned enterprises, as well as initiatives to appoint foreign specialists to their boards.