Uzbekistan: Competition committee and German Foreign Ministry discuss cooperation

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The State Privatization, Demonopolization, and Competition Development Committee met with the representatives of Germany’s Foreign Ministry to discuss cooperation. The committee has closely worked together with German experts, including Finance Ministry, since 2009, pushing off the Memorandum of Understanding in Privatization and State Property Control. German support helped introduce the Corporate Governance Code in 2016,…

Uzbekistan: 960 localization projects to be implemented in 2017

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Increasing the level of localization of finished products plays an important role in further dynamic and sustainable development of the economy, reducing its dependence on external factors, accelerating the introduction of new efficient technologies in production processes. That is why localization is one of the main directions of industrial development in Uzbekistan, which ensures wide…

Uzbekistan: micro-lending to entrepreneurs to be simplified

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President Shavkat Mirziyoyev signed a decree “On measures for further simplification of the system of micro-lending to businesses and the wider population”, aimed at ensuring broad access to preferential micro-loans. The decree provides for the introduction of a simplified mechanism for granting micro-loans to newly registered individual entrepreneurs (IE) and family business entities (FBE) without…

Tajikistan expresses gratitude to Uzbekistan for humanitarian aid

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Tajikistan has expressed gratitude to Uzbekistan for humanitarian aid sent to disaster-affected people. According to the Uzbek MFA’s official website, the Uzbek Embassy in Dushanbe has received the letter of thanks from the Committee on Emergency Situations and Civil Defense under the government of Tajikistan for humanitarian aid sent by the Uzbek authorities to Tajikistan…

Uzbekistan: Competition Committee and WB jointly boosting small business

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The State Competition Committee received the World Bank mission in Uzbekistan to discuss small business support through the Small Business Development Guarantee Fund. Held under the World Bank’s Modern Economy-backed Job Expansion and Skill Development Project, the meeting reviewed small businesses’ efficiency and praised the setting up of the Guarantee Fund. Specialists said they were…