Tashkent, Uzbekistan (UzDaily.uz) — An Uzbek delegation is studying Germany’s approaches to managing state assets, improving the efficiency of state-owned enterprises, developing corporate governance and administering public land resources during a working visit to Germany.
The visit aims to examine practical mechanisms that could be used to improve Uzbekistan’s national system for managing state property.
One of the main events on the first day was a visit to Germany’s Federal Ministry of Finance. During a meeting with Dr. Christina Klass and GIZ project director Dr. Berthold Vohlberg, the Uzbek representatives learned about the institutional framework for managing state assets and the mechanisms through which the government exercises its ownership functions.
Particular attention was paid to the work of supervisory boards, the division of powers and responsibilities among their members, and the separation of the state’s role as owner from the day-to-day management of enterprises. The participants also examined the principles of the German Corporate Governance Code (DCGK) and their potential application in Uzbekistan’s public sector reforms.
As part of the programme, the delegation met with representatives of Germany’s Federal Agency for Real Estate (BImA), examining its organisational model and approaches to the effective management of state-owned property.
A separate meeting was held by Sohibjon Murodov, director of Uzbekistan’s Agency for Management of State Assets, with Dr. Andreas Kerst, head of the unit responsible for managing state holdings and shareholdings at Germany’s Federal Ministry of Transport.
The German side presented its experience in managing state ownership stakes in major transport companies, including Deutsche Bahn AG and DB InfraGO AG, as well as enterprises operating in road, water and rail transport, airport infrastructure and highways.
The parties discussed the transformation of state-owned transport companies, improvements to corporate governance, and ways to increase financial and operational efficiency. The management of toll roads was also discussed, including operating, financing and maintenance models.
Following the talks, the parties agreed to prepare and sign a cooperation agreement in the near future.
The agreement is expected to set out the main areas of cooperation, including the reform of state-owned transport enterprises, the development of corporate governance and professional training.
Another focus of the visit was Germany’s experience in managing state-owned agricultural and forest land. The Uzbek delegation visited BVVG (Bodenverwertungs- und -verwaltungs GmbH), a state-owned company specialising in the management, leasing and privatisation of such land assets.
The meeting covered BVVG’s organisational structure, its cooperation with BImA and other government institutions, as well as methods for land inventory, assessing economic potential, leasing and conducting open auctions.
Under the German model, privatisation is viewed not as an end in itself but as one of the instruments for effective land management. The priorities remain the rational use of land, business development and generating long-term economic returns from state assets.
The Uzbek side also expressed interest in digital tools for managing land resources, particularly the VESTA system. Participants examined its capabilities and how it is used in BVVG’s operations.
The Uzbek delegation’s visit to Germany will continue until 5 November.
The programme also includes studying Germany’s experience in managing state-owned real estate and land resources, as well as organising and conducting privatisation processes.
The knowledge gained is expected to be used to further improve Uzbekistan’s state asset management system.
