Privatization in Uzbekistan
In Uzbekistan, the important purpose of privatization is the attraction of foreign investments. The privatization improves modernization within the country. Moreover, technological advancement and re-equipment of the enterprises could also be accomplished due to privatization. Over the period of independence of the country, over 30 thousand state objects, including 6,500 large and medium-sized enterprises, were privatized. Today, the non-state sector accounts for more than 81% of gross domestic product, 94% of industrial production and more than 82% of the total employed population.
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