The Strategy sets 160 objectives and targets aimed at improving the performance of enterprises with a state shareholding of 50 percent or more in the authorized capital.

The audit revealed that 124 objectives (78%) have been completed, and 10 (6%) are underway.

As a result of implementing the objectives and targets set forth in the Strategy, the following positive results have been achieved:

– 40 legislative acts in the area of state property management and privatization have been improved, and 32 regulatory legal acts have been adopted;

– 736 inactive, unprofitable, and low-profit state-owned enterprises have been liquidated;

– the number of SOE has been reduced by 67%;

– improved financial performance of enterprises;

- implementation of elements of a modern corporate governance system, taking into account the specifics of the business.

Furthermore, 26 instructions (16%) were not completed on time due to the lack of a regulatory framework, control system, and practical measures.

Based on the audit results, the COA developed and submitted to the Cabinet of Ministers proposals and recommendations to ensure the achievement of the goals set by the Strategy.