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State-Owned Enterprises in Uzbekistan: Taking Stock and Some Reform Priorities

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Reforming State-Owned Enterprises in Asia

Part of the book series: ADB Institute Series on Development Economics ((ADBISDE))

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Abstract

Starting from end-2016, Uzbekistan embarked on a wide set of comprehensive structural reforms aimed at revitalizing key sectors, liberalizing its markets, and introducing market mechanisms in the economy. Given the still important role of state-owned enterprises (SOEs) across a number of sectors in the country, any package of economic reforms will necessarily have to take into account the high dominance of these enterprises across multiple sectors and address issues specifically related to, or stemming from, the dominance of SOEs in the economy.

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Notes

  1. 1.

    Analysis in this chapter is based on data, structure of government agencies and related legislation known, valid and available as of end-2018. The Government of Uzbekistan has initiated a number of reforms in the area of the governance of SOEs throughout 2019 and 2020. Thus, some of the observations made in this study may be subject to revisions as ongoing reforms efforts in this area materialize.

  2. 2.

    Legally, state unitary enterprises do not own state-owned property and they are only in a position to use the property assigned to them.

  3. 3.

    The Centre for Management for State Assets (CMSA) and its parent agency (State Committee for Assistance to Privatized Enterprises and Support of Competition) were reorganized in early 2019 into several agencies with functions of ownership and management of the portfolio of state-owned enterprises being transferred to a newly created State Assets Management Agency (SAMA). The study will, nevertheless, refer to CMSA in the text, where relevant, given it was the key legal ownership entity for SOEs in the country until end-2018.

  4. 4.

    An enterprise is classified as a dominant one in a given good or service market if its market share exceeds 50% of the total market size (including imports). Under certain conditions a 35% market share or above is already sufficient to classify the enterprise as one with a dominant position (Government of the Republic of Uzbekistan 2012).

  5. 5.

    A summary of the analysis is available via http://www.csam.uz/Default.aspx?id=643

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Authors and Affiliations

  1. European Bank for Reconstruction and Development, London, UK

    Umidjon Abdullaev

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  1. Umidjon Abdullaev
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Correspondence to Umidjon Abdullaev .

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Editors and Affiliations

  1. Social Science Research Institute, Tokai University, Hiratsuka, Kanagawa, Japan

    Farhad Taghizadeh-Hesary

  2. Keio University, Minato-ku, Tokyo, Japan

    Naoyuki Yoshino

  3. Asian Development Bank Institute, Chiyoda-ku, Tokyo, Japan

    Chul Ju Kim

  4. Public Institutions Reform Division, Ministry of Strategy and Finance, Sejong, Korea (Republic of)

    Kunmin Kim

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Abdullaev, U. (2021). State-Owned Enterprises in Uzbekistan: Taking Stock and Some Reform Priorities. In: Taghizadeh-Hesary, F., Yoshino, N., Kim, C.J., Kim, K. (eds) Reforming State-Owned Enterprises in Asia. ADB Institute Series on Development Economics. Springer, Singapore. https://doi.org/10.1007/978-981-15-8574-6_5

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  • DOI: https://doi.org/10.1007/978-981-15-8574-6_5

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