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The role of the private sector in the economy has increased with the widening and deepening of the privatization process. Since adoption of the Law “On denationalization and privatization” in 1991 more than 84,000 state enterprises were privatized. The Presidential Decree adopted on 24th January 2004, “On measures to fundamentally increase the share and significance of the private sector in the economy of Uzbekistan” and other government acts issued after it, set out the tasks for the State Privatization Committee for the next years. With the purpose of attaining these goals, the Government undertook special measures to accelerate the process of privatization and attract foreign investment to state-owned enterprises and liberalize the securities market.

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Last Updated ( Saturday, 01 December 2007 )