The Government of Uzbekistan excluded Uztadbirkorexport and Uzsanoatexport from the list of the joint stock companies, which should sell at least 15% of state stake in the charter capital to foreign investors.
The Government’s resolution Uztadbirkorexport and Uzsanoatexport were included to the list of the joint venture, which carry out activities in the sphere of production and preliminary processing of strategic raw materials, as well as natural monopolies and suppliers of socially important goods and services on regulated prices.

President of Uzbekistan Islam Karimov signed a resolution “On additional measures on attraction of forging investors in joint stock companies” on 21 December. According to the document, share of foreign investors in joint stock companies should make up at least 15%.

The resolution underlined joint stock companies, which has no foreign investors in the charter capital at the size of at least 15%, should comply with the terms of the resolution by 1 July 2016.

Source:  Uzdaily.com