The state continues to reduce its participation in the economy. As part of this process, government shares in 63 companies across the country will be put up for sale, Spot reports referring to a resolution of the Cabinet of Ministers.

The approved list comprises of such companies as Ipak Yuli Bank, Uzeltekhprom-Motorola-Telecom-Radio, Gazavtomatika and many others.

Reducing the state’s share in business is one of the main goals for the coming years. Since the beginning of the year, the state announced its withdrawal from the alcohol, distillery and wine-making, as well as oil and fat industries.

In April, it became known that government shares in large chemical enterprises, several agricultural machinery factories and banks would be put up for sale. Earlier, the sale of government shares in Pepsi Uzbekistan, hotel “Uzbekistan” and other large assets was announced.

In 2018, the state sold 842 assets to private sectors, but there are still more than 20 thousand state-owned enterprises and institutions in the country.