Tashkent, Uzbekistan (UzDaily.com) -- A Resolution of the President "On measures to accelerate the processes of reforming enterprises with the participation of the state" was adopted.

According to the Resolution, the List of large enterprises with the participation of the state, subject to reform and increase in operational efficiency in 2023-2025, was approved.

State shares (stakes) in the authorized capital of these enterprises are transferred to the management of the Investment Company "UzAssets".

The following additional tasks are assigned to the UzAssets Investment Company:

reforming large enterprises that are important to the economy, including the introduction of environmental, social and corporate governance (ESG) principles, as well as the involvement of the private sector;

increasing profitability and operational efficiency, ensuring the financial stability of enterprises and optimizing business processes;

ensuring effective management and stable development of enterprises transferred to its management;

According to the Resolution, the shares belonging to the State Assets Management Agency, relevant ministries and departments are transferred to the Agency for Strategic Reforms.

Until 1 July 2023, the UzAssets Investment Company will review the business plans of enterprises transferred to its management.