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Strategy, Independence, and Governance of State-Owned Enterprises in Asia Read chapter Read first chapter

2021 | OriginalPaper | Chapter

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

Author : Umidjon Abdullaev

Published in: Reforming State-Owned Enterprises in Asia

Publisher: Springer Singapore

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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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previous chapter Reforming SOEs in Asia: Lessons from Competition Law and Policy in India
next chapter The Effects of Privatization and Corporate Governance of SOEs in Transition Economies: The Case of Kazakhstan
Footnotes
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
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
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
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
A summary of the analysis is available via http://​www.​csam.​uz/​Default.​aspx?​id=​643
 
Literature
Ajwad, M. I., Abdulloev, I., Audy, R., Hut, S., Laat, J. D., Kheyfets, I., Larrison, J., Nikoloski, Z., & Torracchi, F. (2014). The skill road: Skills for employability in Uzbekistan. Washington, DC: The World Bank.
Böwer, U. (2017). State-owned enterprises in emerging Europe: The good, the bad, and the ugly (IMF Working Paper 17/221). Washington, DC: International Monetary Fund.
Broadman, H. G. (2000). Competition, corporate governance, and regulation in Central Asia: Uzbekistan’s structural reform challenges. Washington, DC: The World Bank.
Conrad, J. (2008). Capital markets in central Asia. Manila: Asian Development Bank.
Conrad, J., & Lin, C. (2005). Private sector assessment for Uzbekistan. Manilla: Asian Development Bank.
Dewenter, K., & Malatesta, P. (2001). State-owned and privately owned firms: An empirical analysis of profitability, leverage, and labor intensity. The American Economic Review, 91(1), 320–334.CrossRef
Government of the Republic of Uzbekistan. (2004c). Resolution of the Ministry of Finance No. 2004-71 “On approval of a by-law on payments from accounts of enterprises and organization within Uzbekneftegaz JSC and inflows to them from regional gas supply enterprises of Uzkommunhizmat Agency”. Available via http://​lex.​uz/​pages/​getpage.​aspx?​lact_​id=​419514
Government of the Republic of Uzbekistan. (2013). Decree of the Cabinet of Ministers No. 165 “On measures for organization of the work of the Centre for Management of State Assets at the State Committee for Assistance to Privatised Enterprises and Support of Competition”. Available via http://​lex.​uz/​pages/​getpage.​aspx?​lact_​id=​2185160
Government of the Republic of Uzbekistan. (2017d). Decree of the President of the Republic of Uzbekistan No. 3386 “On measures for improving the competitive landscape, elimination of conditions for misconduct and theft in the area of supply of fuel, energy and other high-liquid resources, strengthening the payment discipline, reduction of account receivables and payables”. Available via http://​lex.​uz/​pages/​getpage.​aspx?​lact_​id=​3409606
Lieberman, I. W., Nestor, S. S., & Desai, R. M. (1997). Between state and market: Mass privatization in transition economies. Washington, DC: The World Bank.CrossRef
Richmond, C., Benedek, D., Cabezon, E., Cegar, B., Dohlman, P., Hassine, M., Jajko, B., Kopyrski, P., Markevych, M., Miniane, J., & Parodi, F. (2019). Reassessing the role of state-owned enterprises in central, eastern and southeastern Europe (IMF Departmental Papers/Policy Papers19/11). Washington, DC: International Monetary Fund.CrossRef
State Committee for Statistics. (2018). Statistical review of the Republic of Uzbekistan, January–December 2017. The State Committee for Statistics of the Republic of Uzbekistan.
Metadata
Title
State-Owned Enterprises in Uzbekistan: Taking Stock and Some Reform Priorities
Author
Umidjon Abdullaev
Copyright Year
2021
Publisher
Springer Singapore
Book
Reforming State-Owned Enterprises in Asia

Print ISBN: 978-981-15-8573-9

Electronic ISBN: 978-981-15-8574-6

Copyright Year: 2021

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

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