City
Epaper

Uzbekistan to speed up selling of state-owned business to private sector

By ANI | Updated: October 28, 2020 13:35 IST

Uzbek President Shavkat Mirziyoyev has approved a list of state-owned properties and enterprises to be sold to the private sector to speed up the privatization process, a presidential decree said Wednesday.

Open in App

Uzbek President Shavkat Mirziyoyev has approved a list of state-owned properties and enterprises to be sold to the private sector to speed up the privatization process, a presidential decree said Wednesday.

The decree, "On the measures to accelerate reforming of state-owned enterprises and privatization of state assets," envisages transformation of 32 large state-owned enterprises and selling 15 state assets to the private sector.

Nearly 300 enterprises with state shares in such sectors as oil and gas, food, media and information technology will be sold fully to the private sector, Uzbek Justice Ministry said.

Since Mirziyoyev took office in 2016, Uzbekistan has taken a series of measures to promote economic reforms, including liberalizing its foreign exchange market, reducing taxes and offering preferential treatment to foreign investment. (/Xinhua)

( With inputs from ANI )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

NationalVP Radhakrishnan to attend centenary of Sri Sathya Sai Baba in Andhra on Nov 23

NationalNo evidence of top Maoist leaders being in police custody: Andhra HC

BusinessKaren Kshiti Suvarna’s ‘September 21’ Set to Touch Hearts Worldwide

BusinessFirst Abu Dhabi Bank and UAE-India CEPA Council partner to empower global ambitions of Indian start-ups

TechnologyMinistry will work on practical solutions to build more flexible, globally competitive SEZ framework: Commerce Secretary

International Realted Stories

InternationalMufti Noor Ahmad Noor likely next Afghan envoy as Taliban prepares for Delhi Embassy takeover

International"Look forward to productive discussions," PM Modi on arrival at Johannesburg for G20

InternationalPM Modi arrives in South Africa's Johannesburg for G20 Leaders' Summit

InternationalIndia reopens tourist visa for Chinese citizens after 5-year freeze

InternationalBaloch activist writes to Lok Sabha Speaker over Pakistan’s horrific repression in Balochistan