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the Decree of the President of the Republic of Uzbekistan dated November 28, 2008 No. UP 4058 “On the Program of Measures”



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the Decree of the President of the Republic of Uzbekistan dated November 28, 2008 No. UP 4058 “On the Program of Measures” was adopted to support enterprises in the real sector of the economy, ensure their stable operation and increase export potential.
  • First of all, the modernization of technical and technological re-equipment of enterprises was carried out. This concerns the basic sectors of the economy, export-oriented and import-substituting industries.
  • It was necessary to accelerate the implementation of the adopted programs of modernization, technical and technological re-equipment of production, attracting the most advanced technologies, and the transition to international quality standards, which would ensure a stable position both in the external and domestic markets.
    • Great attention was paid to the further development and stimulation of the activities of small businesses and private entrepreneurship. To this end, it was planned to expand the provision of loans to small and private businesses by commercial banks, including from the Fund for soft loans, the opening of credit lines for the purchase of modern imported equipment and mini-technologies, as well as the provision of a number of additional tax benefits.
    • An important incentive for the development of the economy and the promotion of employment is the creation of an interconnected system of measures for the construction of housing and especially the repair, restoration and reconstruction of existing housing stock, including individual housing.
    • Private investment is the investment of own capital by citizens or a group of citizens with the aim of making a profit.
    • In world practice, financial investment for individuals is quite common and is carried out in various areas of economic activity. During the Soviet period, only bank deposits and government bonds were available to citizens of our country. Nowadays, a private investor has the opportunity to choose among a wide range of offers in the investment market. However, investments in the construction and transport sectors remain the most common for our economy.
    • Attracting private investment, including foreign, in various sectors of the economy is stimulated at the state level by adopting appropriate laws and reducing the tax burden. The society also positively assesses the impact of private investment on the development of the economy of our country.
    • The private sector can play a much broader in development. The benefits of private participation in achieving development goals can be improved
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