For reference, the Republican Commission is carrying out activities aimed at digitalization, cost reduction, and efficiency improvement in 20 major strategic state-owned enterprises.

The meeting was co-chaired by Otabek Hakimov, Advisor to the President of the Republic of Uzbekistan on Economic Policy, and Mekhriddin Abdullaev, First Deputy Chairman of the Chamber of Accounts.

During the meeting, participants reviewed the first-quarter results of 2026, the implementation of business plans, and annual forecast indicators of strategic state-owned enterprises.

It was noted that during the reporting period, total sales revenue of the enterprises amounted to UZS 123.6 trillion, representing 115 percent of the planned target. Net profit reached UZS 23.5 trillion, achieving 159 percent of the forecast indicator. In addition, the cost-reduction program was implemented at UZS 6.5 trillion, or 106 percent of the target.

According to O. Hakimov, the overall financial performance of the 20 strategic enterprises demonstrated positive dynamics in the first quarter.

At the same time, shortcomings were critically reviewed regarding the implementation of business plan targets, cost reduction measures, and digitalization tasks in several enterprises.

In particular, three enterprises — Hududgazta’minot (UZS 493 billion), Thermal Power Networks (UZS 288 billion), and Toshshahartransxizmat (UZS 50 billion) — recorded a combined loss of UZS 831 billion.

Additional measures were identified to strengthen the financial sustainability of loss-making enterprises and reduce their debt burden.

The meeting also included a presentation by Almalyk Mining and Metallurgical Complex JSC on the work carried out to digitalize production and management processes, introduce electronic information systems, and automate operations.

At the same time, it was noted that digitalization projects in several enterprises had not been completed within the established deadlines.

In particular, four enterprises have not yet fully launched the “Unified Treasury” information system, while seven enterprises have not completed the implementation of the “Financial Model” software platform.

During the discussions, relevant instructions were given to responsible ministries, agencies, and the management of strategic enterprises to strengthen financial sustainability, reduce costs, lower production expenses, and accelerate digital transformation processes.

Concluding the meeting, Commission Co-Chairman Mekhriddin Abdullaev emphasized the need for all managers to enhance accountability, organize work systematically, and ensure the timely fulfillment of assigned tasks.