Tashkent – The Ministry of Economy and Finance of Uzbekistan and the Central Bank jointly announced the official compilation and release of the country’s first-ever Public Interest Entities (PIE) registry.
This registry covers core enterprises of strategic importance to the national economy and people’s livelihood. Being listed means higher standards for financial reporting, external auditing, and corporate governance.
The first batch includes 425 large enterprises. The banking and financial sector has the highest participation, with 226 institutions selected, including commercial banks, credit institutions, guarantee agencies, leading payment systems, and digital service providers. Additionally, 14 commodity and stock exchanges and investment funds are included, along with 96 joint-stock companies whose shares are listed on the official quotation board of the stock exchange.
The private sector has 132 large enterprises selected, which must simultaneously meet three strict criteria for the past two calendar years: book value of assets and net income both exceeding 1 million base calculation units (equivalent to 412 billion soums), and an average annual workforce of no less than 500 employees.
Another 44 state-owned enterprises with state ownership exceeding 50% and meeting the same financial thresholds are recognized as public interest entities, including industrial and commercial giants such as NMMC, AMMC, various entities under Uzum Holdings, Uzbekneftegaz, UzAuto Motors, BYD, as well as national aviation and railway operators, major telecommunications operators, and cement plants.
Starting from January 1, 2027, all entities in the registry must fully adopt International Financial Reporting Standards (IFRS); by the end of 2028, they must regularly publish financial statements accompanied by independent audit reports and ESG sustainability disclosures.