Ad­vanced Progress

Uzbekistan Today (English) - - FRONT PAGE - El­bek Ga­furov

By 2025, Uzbek­istan in­tends to be­come one of the top 20 coun­tries in the Do­ing Busi­ness re­port. This was re­ported by the Chair­man of the State Com­mit­tee for In­vest­ments Azim Ahmed­khod­jayev.

Ac­cord­ing to him, for this pur­pose the repub­lic should, first of all, fi­nal­ize the in­vest­ment pol­icy. The In­vest­ment Code will be of par­tic­u­lar im­por­tance in this di­rec­tion.

- We are con­duct­ing a sig­nif­i­cant re­vi­sion of our leg­isla­tive frame­work to at­tract for­eign in­vest­ment. At the mo­ment, the project and the struc­ture of the In­vest­ment Code have been de­vel­oped. This is a con­sol­i­dated le­gal doc­u­ment, which has no ref­er­ences to any ex­ter­nal le­gal acts. The doc­u­ment is one-piece. We clearly un­der­stand that our fur­ther devel­op­ment de­pends on the steps that we will take to­day and in the near fu­ture, - A.Ahmed­khod­jayev said.

The com­mit­tee, he noted, is ac­tively study­ing and ap­ply­ing for­eign ex­pe­ri­ence in the devel­op­ment of pri­or­ity sec­tors of the econ­omy, in­creas­ing the ef­fec­tive­ness of ef­forts to at­tract for­eign in­vest­ment, iden­ti­fy­ing new and cre­ative ways of cal­i­brat­ing the ac­tions of in­vestors, and de­vel­op­ing new projects and sup­port­ing their im­ple­men­ta­tion.

Thanks to the com­pre­hen­sive anal­y­sis, the head of the State Com­mit­tee noted, mea­sures are cur­rently be­ing de­vel­oped to build a sta­ble fi­nan­cial ecosys­tem in Uzbek­istan that would be in­te­grated with the in­ter­na­tional fi­nan­cial mar­kets. In this con­text, in his opin­ion, the main di­rec­tion is to im­prove the avail­abil­ity of cor­po­rate and fi­nan­cial in­for­ma­tion, to bring the fi­nan­cial state­ments of Uzbek com­pa­nies to the level of in­ter­na­tional stan­dards.

- We cre­ate and pro­mote the brand of Uzbek­istan in the in­ter­na­tional arena. It is about hold­ing an ac­tive of­fen­sive PR cam­paign in a short time. We also strive to at­tract busi­ness lead­ers around the world in or­der to form a new image of the coun­try. We plan to de­velop a longterm strat­egy with key in­di­ca­tors that will cover new leg­isla­tive ini­tia­tives and prac­ti­cal steps,» he said.

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