Uzbek President calls to decrease presence of government in economy
08/12/2014 09:44
Uzbek President calls to decrease presence of government in economy
08/12/2014 09:44
Tashkent, Uzbekistan (UzDaily.com) -- President of Uzbekistan Islam Karimov stated that it is necessary critically review level of the government’s presence in economy.
Speaking at the event dedicated to the 22nd anniversary of the Constitution of Uzbekistan, President Islam Karimov said that it is necessary critically review and decrease level of the state presence in economy to strategic and economically grounded sizes. He said that administrative-command system should be abolished and functions should be distributed among state bodies, businesses and private sector. He said that the country should move to exchange system of trade.
He said that the activities of corporate and joint stock companies should be critically assessed. He said that these forms of ownership are prevailing in developed states, especially in industrial production.
President said that experience of Uzbekistan showed that participation of local and foreign enterprises is efficient variant of work.
Currently, there are over 4,000 enterprises, created with participation of foreign capital from 90 countries. He said that cooperation helped to create modern industries of economy and expend production and assortment of goods, as well as export competitive goods abroad. President underlined that creation of special economic zones Navoi, Angren and Jizzakh shows high productivity of cooperation with foreign investors. He said that local and foreign investors are not only investing money and distribute income, but also participate in management of enterprises. Foreign founders invest advanced technologies, organize modern production capacities, Islam Karimov said.
Uzbek leader said that the practice showed that such form of cooperation is the most effective and perspective. He said that Uzbekistan is ready to assist to expansion of operations of such enterprises.
President said that the government should also critically analyze presence of the state shares in industries of economy and adopt necessary measures to increase share of private sector in industries.
Islam Karimov added that it is necessary to sell state share in such enterprises to private sector, including on zero redemption price with liability to invest to rehabilitation and creation of new capacities.
Subscribe to our Telegram channel!
17/04/2024Read more
$ 1 | 12667.00 | +0.022% |
1 | 13481.49 | -2.022% |
₽ 1 | 135.77 | -0.506% |