{"id":5292,"date":"2026-04-23T08:27:39","date_gmt":"2026-04-23T08:27:39","guid":{"rendered":"https:\/\/interfinance.tsue.uz\/?p=5292"},"modified":"2026-04-23T08:28:58","modified_gmt":"2026-04-23T08:28:58","slug":"additional-measures-to-accelerate-privatization-processes","status":"publish","type":"post","link":"https:\/\/interfinance.tsue.uz\/?p=5292","title":{"rendered":"ADDITIONAL MEASURES TO ACCELERATE PRIVATIZATION PROCESSES"},"content":{"rendered":"\n

Bobobekov Zokhidjon Anarbaevich<\/em><\/strong><\/p>\n\n\n\n

Head of the Department for Accounting of State Assets,<\/em><\/p>\n\n\n\n

Agency for State Assets Management,<\/em><\/p>\n\n\n\n

Tashkent, Uzbekistan<\/em><\/p>\n\n\n\n

Email: <\/em>Z.Bobobekov@davaktiv.uz<\/em><\/a><\/em><\/p>\n\n\n\n

Abstract.<\/em><\/strong>\u00a0This article examines the consistent growth of the property-owning class and the rise in local budget revenues resulting from ongoing privatization reforms in Uzbekistan. Simultaneously, it highlights the emerging complexities in accelerating these processes and addresses necessary measures for their simplification.<\/em> Privatization in Uzbekistan began in 1992, with numerous reforms implemented since then. Over the last decade, specifically, several incentives have been introduced to support business entities within the privatization framework.<\/em> However, as times change, some of these reforms now require further simplification to meet modern economic demands.<\/em> The study identifies that the lack of specific legal norms\u2014such as those addressing the requirement for buyers to pay an initial 35% of the purchase price within a single month, the restriction on reconstructing or redeveloping state-owned real estate until full payment is made, and the inability of enterprises with state participation to retain net profits for reinvestment once privatization begins\u2014acts as a barrier. These gaps hinder the acceleration of privatization and the overall development of business entities.<\/em> The ultimate goal of privatizing state assets should not merely be to sell them at the highest price or maximize immediate budget revenue. Instead, the priority must be ensuring that buyers can utilize these assets effectively and productively.<\/em> To achieve this, it is essential that buyers retain sufficient working capital during the acquisition process. Alternatively, entrepreneurs should be given the opportunity to utilize the property to launch production or services immediately. Such measures should be viewed as a vital form of material support for the business community.<\/em> The sooner state assets are put into operation, the more beneficial it is for both the state and the entrepreneur. Rapid utilization leads to value creation, job growth, increased tax revenue, and higher corporate profits.<\/em> Based on these findings, this article proposes providing incentives for the purchase of state assets, granting preferences for the rapid launch of production at acquired sites, and enhancing the overall attractiveness of enterprises with state shares during the privatization process.<\/em> Additionally, the article outlines the legal foundations of privatization, reviews the work conducted over the last five years, and provides current situational analysis and statistics.<\/em><\/p>\n\n\n\n

Keywords:<\/em><\/strong> Economy, \u0441ompetition, state assets, land plots, privatization, starting price, auction, bidder, buyer<\/em><\/p>\n\n\n\n