Register of Companies Socially Significant to the Economy Updated in Uzbekistan

The Ministry of Economy and Finance of Uzbekistan has developed a draft proposal allowing the premises and equipment of Mahalla Centers and household service centers to be leased to private entrepreneurs. The funds generated from this rental will be directed to local budgets, Mahalla funds, and the State Assets Management Agency.

This project has been submitted to the public discussion portal for regulatory legal acts. It concerns Mahalla Centers, which were established as part of the 'Sustainable Development of Rural Territories' project with support from the Islamic Development Bank and the OPEC Fund for International Development. Currently, the project covers 170 Mahallas across 20 districts in Karakalpakstan, as well as in Bukhara, Navoi, and Khorezm regions, including 40 central and 130 adjacent centers.

Forty fully equipped Mahalla Centers have been commissioned. The proposed leasing procedure will also apply to centers that will be built later using funding from international financial institutions.

Mechanism for Leasing Premises

According to the draft, non-administrative center premises will be leased through the E-auksion platform on a competitive basis. The announcement of the auction must be published at least thirty working days in advance. Lease agreements will be concluded by district hokimiyats, as they are the owners of the buildings.

It is anticipated that various household service enterprises can operate in these centers, such as hairdressers, beauty salons, dry cleaners, equipment repair workshops, sewing workshops, and fitness halls. Additionally, the premises can be used for consultations for young entrepreneurs, training and career guidance, as well as for trade and production purposes.

Specifically, food stores and confectionery workshops are permitted in the buildings, and basements provide facilities for storage, processing, and packaging of fruits and vegetables. Center premises will be classified into administrative, social, commercial, and common use areas; however, administrative spaces will not be leased.

Rent Calculation and Financial Terms

The annual rental cost per square meter will be determined based on several factors: minimum rate, location zone, building type, use of adjacent territory, and the overall commercial attractiveness of the object. A coefficient of 2.0 has been set for Bukhara region, and 2.0 for the first three floors and 1.2 for basements in Navoi region. A coefficient of 1.5 is provided for Khorezm region, and 1.8 for Karakalpakstan.

In addition to rent, tenants are obliged to cover utility costs, their share of common area maintenance expenses, and contribute 5% of the rent for current repairs. The contract may be terminated, for example, in case of payment delay exceeding two consecutive months.

Receipts from rent and equipment must be distributed within five working days. It is planned that 40% of the funds will go to the local budget, another 40% to the Mahalla fund for maintenance, repair, and equipment renewal, and the remaining 20% to the State Assets Management Agency. Furthermore, the Mahalla fund's share must not be lower than the amount necessary to ensure the stable operation of the center, although the proportions can be changed by a separate decree of the Cabinet of Ministers.

Control and Supervision System

A three-level system will be introduced to monitor the use of buildings and equipment. The Mahalla citizens' assembly is obliged to submit a monthly report to the hokimiyat, and the district hokimiyat must report on the income received to the district Kengash of people's deputies quarterly. An annual budget of revenues and expenditures will be formed, the approval of which is within the competence of the Kengash. Control will also be exercised by the district branch of the Mahalla Association together with the Mahalla Support Council and the territorial unit of the State Assets Management Agency. Discussion of this project is scheduled until October 18.

Small and medium-sized enterprises in Uzbekistan collectively received 1005 loans totaling 415.7 billion soums using the digital lending platform TadbirCore. These results were recorded by the platform between June 1 and September 17, 2026.

During this period, entrepreneurs submitted 3262 applications to banks via TadbirCore, with nearly one in three applications resulting in a loan disbursement, according to the Central Bank of Uzbekistan.

TadbirCore operates in beta mode under the supervision of the Central Bank. The platform's concept is that instead of approaching individual banks, an entrepreneur submits a single application that is simultaneously sent to a number of credit institutions.

The platform is currently integrated with 23 banks, including Agrobank, Asakabank, Aloqabank, Poytaxt Bank, InfinBank, Kapitalbank, Universalbank, Anorbank, Hamkorbank, Davr Bank, Turonbank, Asia Alliance Bank, Trustbank, Tenge Bank, Ipak Yuli Bank, Xalq Bank, Uzpromstroybank, Orient Finance Bank, Microcreditbank, BRB, Garant bank, TBC Bank, and National Bank.

The platform's creators explain the problem it aims to solve using the example of a typical entrepreneur: when applying to three banks, one has to collect documents, fill out questionnaires, and wait for a response three times. Since each bank has its own requirements, it only becomes clear after submitting the documents whether the applicant meets them. Furthermore, a bank may not have a branch in the entrepreneur's area, interest rates may seem similar at first glance, but the final payments differ, and a rejection may come without explanation.

The average interest rate for loans in national currency issued through the platform was 23.9%, and the average loan term was 37.4 months. The peak demand occurred in July, when 1465 applications were submitted and 420 loans totaling 169.7 billion soums were issued. In June, 954 applications and 266 loans worth 126.8 billion soums were registered. In August, entrepreneurs submitted 596 applications and received 224 loans amounting to 88.8 billion soums. Between September 1 and 17, 247 applications were received and 95 loans totaling 30.3 billion soums were issued.

The entire application process takes place online. Users log into the platform using an electronic digital signature, select one of four available products—a microloan up to 100 million soums, a current expenses loan, a long-term business development loan, or a new enterprise loan—and specify the amount, term, and purpose.

The system suggests suitable banks, whose responses are then displayed in the applicant's personal account. The entrepreneur sees the approved amount, interest rate, term, and grace period offered by each bank, chooses the preferred offer, and receives the manager's contact details. If the bank rejects the application, the platform indicates the reason, allowing the entrepreneur to improve their profile and reapply. Processing time is monitored using Service Level Agreements (SLAs) and a timer.

Banks maintain their independence: they formulate offers according to their own credit policies, set their own stop factors, and only receive applications that meet their requirements. Data is presented in a standardized format, which reduces the need for manual checks, while the analysis of rejected applications helps understand at what stage the bank loses potential borrowers.

The platform also provides access to clients in regions where maintaining branches is costly. According to the creators, competition in small business lending is shifting from the question of the number of bank branches to which conditions, speed, and quality of service are offered better.

Personal data processing is regulated by the Personal Data Law of July 2, 2019. Users decide who to grant access to their information, can withdraw their consent, and see who has accessed their documents. The platform does not request passwords for banking applications and does not have access to bank accounts. Loans through TadbirCore are available only to existing legal entities and individual entrepreneurs.

TadbirCore plans to launch a mobile application and a Telegram bot, and will also add microfinance organizations to the platform. For entrepreneurs who do not pass the initial screening, the system will ultimately provide recommendations on the criteria they did not meet and notify them about the possibility of future access.

Uzbekistan is introducing a new procedure for assessing state-owned enterprises, according to which it will be determined annually which ones need to be maintained, privatized, reorganized, or liquidated.

This new regulation was officially approved by a decree of the Cabinet of Ministers. The annual inventory of state enterprise activities will be conducted through the joint efforts of state bodies, the State Assets Management Agency, and other relevant departments. Based on the results of this inspection, a list of organizations with recommendations regarding their future existence is formed and then submitted to the government for approval.

Furthermore, before privatizing a state share, it is mandatory to obtain a conclusion from the Competition Development Committee regarding the level of competition in that industry.

Mechanism for working with state institutions

A separate mechanism has been developed for state institutions. Annually, before May 1st, the Competition Development Committee, together with relevant ministries and agencies, will analyze their activities and submit proposals to the State Assets Agency regarding possible cessation of operations or privatization.

Previously, a state complex intended for refueling aircraft with aviation fuel was put up for public auction in Tashkent. For the privatization process, the State Assets Agency engaged the international consulting company Ernst & Young.