Uzbekistan’s Ministry of Economy and Finance has updated the national registry of Public Interest Entities (PIE), identifying 449 enterprises that play a critical role in the country’s economy. The registry was compiled using fiscal performance data and official filings submitted to the State Tax Committee and other regulatory bodies.

The PIE designation, introduced under a presidential decree, applies to commercial and state entities whose scale and market operations have a profound bearing on financial stability, economic growth, and the public domain. Inclusion in the list subjects companies to rigorous corporate governance standards, mandatory public disclosures, and stricter external audit oversight.

The legal threshold automatically covers stock-exchange-listed companies, commercial lenders, microfinance firms, payment system operators, investment funds, commodities exchanges, and major state-owned enterprises. For other large commercial entities to qualify, they must meet strict benchmarks over the preceding two calendar years: both annual net revenue and total assets must independently exceed 440 billion UZS, alongside maintaining an average annual workforce of at least 500 employees.

Notably, prominent digital and services heavyweights operating in the domestic market, including Yandex, e-commerce marketplace Wildberries, UzIMEI, and Turon, failed to make the updated registry. Regulatory officials noted that despite their market visibility, none of these firms met the statutory workforce threshold of 500 permanent staff over the past two reporting periods.

This latest release reflects steady growth from the inaugural registry published in June, which originally contained 425 organizations. The Ministry of Economy and Finance noted that the official classification remains subject to routine revisions as new tax audits and financial statements are submitted annually.

Source: podrobno.uz