Tashkent, Uzbekistan (UzDaily.com) -- The Presidential Resolution “On additional measures to reduce state participation in the economy” was adopted.

According to the Resolution, it is determined that one of the main tasks of the first heads of republican and local executive authorities, business companies with a state share of more than 50 percent (enterprises with state participation) is to continuously increase the share of the private sector, privatize assets in areas with a formed competitive environment, as well as non-core, inefficiently used and empty assets in their field.

Also, the following was approved:

- list of blocks of shares (shares) put up for public auction;

- a list of real estate objects of the state and enterprises with state participation put up for public auction;

- a list of enterprises whose initial (IPO) and (or) secondary (SPO) public offerings of shares will be held on the local stock market.

In the process of public offering of shares of enterprises with state participation:

- on the basis of accepted applications, transactions for the purchase and sale of shares when they are sold at organized auctions must be registered by investment intermediaries strictly on the trading platform of the Uzbekistan Stock Exchange;

- in addition to the methods used on the trading platform of the Uzbekistan Stock Exchange, applications from local investors are accepted using the electronic trading platform “E-AUKSION”, including using its mobile application.