Uzbekistan Publishes First Public Interest Entities Registry

Tashkent, Uzbekistan (UzDaily.uz) — The Ministry of Economy and Finance of the Republic of Uzbekistan has officially announced the formation and publication of the country's first-ever registry of Public Interest Entities (PIEs).

This extensive list, prepared in close cooperation with the Central Bank, includes key economic entities of strategic importance to the national economy and social sphere. Inclusion in this list imposes elevated obligations and strict requirements regarding financial reporting, external auditing, and corporate governance standards.

A total of 425 of the republic's largest companies entered the debut national registry. The banking and financial sector is the most heavily represented, delegating 226 participants, including commercial banks, microfinance and factoring organisations, guarantee institutions, as well as leading payment systems and digital services.

In addition, PIE status was granted to 14 commodity and stock exchanges along with investment funds, as well as 96 joint-stock companies whose securities are listed on the official stock exchange quotation list.

Within the commercial sector, the list features 132 large private companies that have consistently met three strict criteria over the past two calendar years: a book value of assets and net revenue exceeding one million base calculating units (equivalent to 412 billion soums), and an average annual workforce of at least 500 employees.

Furthermore, 44 state-owned enterprises with a government ownership stake exceeding 50% that meet identical financial thresholds were designated as publicly significant. Among others, the registry includes industrial and digital giants such as NMMC, AMMC, entities of the Uzum holding, Uzbekneftegaz, UzAuto Motors, BYD, national aviation and railway carriers, as well as the country's largest telecommunications operators and cement plants.

The introduction of the PIE framework is aimed at fundamentally increasing the financial transparency of large businesses and modernising Uzbekistan's auditing system. Starting from 1 January 2027, all structures included in the registry will be required to fully transition their accounting practices to International Financial Reporting Standards (IFRS).

By the end of 2028, they must establish the regular publication of financial statements accompanied by independent audit reports and Environmental, Social, and Governance (ESG) sustainability disclosures.

The legal foundation for this step was established by a decree from President Shavkat Mirziyoyev in September 2025, and in December, the Cabinet of Ministers approved specific regulations requiring the final corporate reports to be published in the public domain annually no later than 15 June. The registry will be updated on the Government Portal by the Ministry of Economy and Finance and the Central Bank on a regular basis by 1 July of each year.