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Uzbekistan to reduce number of SOEs by 75%
The number of independent members on the supervisory boards of enterprises with state shares is to reach 30%.
The Uzbek government is intending to decrease the number of SOE's by 75% by 2025. According to a new strategy, unveiled by the Cabinet of Ministers on March 31, at least 20 companies are set to conduct IPO and SPO.
The number of independent members on the supervisory boards of enterprises with state shares is to reach 30%.
The strategy was drawn up jointly with experts attracted by the European Bank for Reconstruction and Development (EBRD). However, the state is to keep its ownership in companies that represent strategic economic interests and linked to natural monopolies.
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