Uzbekistan authorities are intensifying the privatization process, seeking ways to restore production capacities. In the near future, over 1,300 real estate objects, thousands of hectares of land, and state shares in several companies will enter the market.
During a video selection meeting dedicated to the results of socio-economic development in the first half of the year and determining priority tasks until the end of the year, it was noted that since the beginning of the current year, 57 industry and 76 regional enterprises have reduced their production volumes. This has resulted in the economy losing potential revenue of almost 11 trillion soums.
In light of the current situation, the Deputy Prime Minister was instructed to conduct an analysis of enterprise activities every ten days jointly with region governors and industry heads. It was emphasized that solving business problems must be done directly at the local level without delays.
The Industrial Council was tasked with developing proposals to help compensate for the production decline at 133 enterprises and restore production worth 11 trillion soums.
Special attention was paid to the privatization of state property. Currently, about 3,000 state assets worth a total of 22 trillion soums have been listed on electronic auctions. Nevertheless, regional authorities criticized the insufficient efficiency of state property sales.
A new privatization program will soon begin. According to the plan, the state intends to put 1,300 real estate objects worth approximately 100 trillion soums, 8,000 hectares of land plots, and state shares in 66 enterprises up for auction.
To stimulate business interest, the acquisition conditions have been eased: the initial advance payment amount has been reduced from 30% to 15%, and the remaining amount can be repaid in installments without interest charges.
Furthermore, the president previously criticized the work of local banks and warned of possible personnel changes.
From January to May 2026, the trade turnover of Uzbekistan with the member states of the Eurasian Economic Union (EAEU) amounted to $8.96 billion.
According to data from the National Statistical Committee, the total volume of Uzbekistan's foreign trade for the same months reached $32.8 billion. The share of trade with EAEU states was $8.96 billion, which is approximately 27.3 percent of Uzbekistan's total foreign trade volume.
During the reporting period, Uzbekistan's exports totaled $12.6 billion, of which $2.9 billion was directed to EAEU states. The import volume reached $20.1 billion, with $6.07 billion accounted for by EAEU states.
During this period, Uzbekistan maintained trade relations with 185 countries worldwide.
