Tue 10 2015 12:02:37

Tashkent, Uzbekistan (UzDaily.com) -- Central Council of Democratic Party of Uzbekistan Milliy Tiklanish and its faction at the Legislative Chamber of Oliy Majlis of Uzbekistan in cooperation with Kapitalbank and Qishloq Qurilish Bank organized a seminar “Legal bases for reliable protection of small businesses and private entrepreneurship” on 12 October 2015.

Members of Milliy Tiklanish, MPs of the Legislative Chamber, representatives of Kapitalbank, Qishloq Qurilish Bank, business entities participated in the event.

The seminar was organized to explain the law “On introduction of changes and amendments in some legislative acts of Uzbekistan, directed at further strengthening reliable protection of private property, business entities, abolishing barriers for their fast development”.

At the seminar, it was noted that share of small businesses in the gross domestic product rose from 31% in 2000 to 56% today. About 77% of population works in the sector.

On 15 May 2015, the President of Uzbekistan signed a decree “On measures on strengthening reliable protection of private property, business entities, abolishing barriers for their fast development”.

The decree is directed at eliminating various barriers, hindering to development of private property and entrepreneurship, improving responsibility of officials of state and controlling bodies for illegal interference to activities of the business entities, rights of private owners, etc.

In order to implement the tasks, outlined in the decree, the law “On introduction of changes and amendments in some legislative acts of Uzbekistan, directed at further strengthening reliable protection of private property, business entities, abolishing barriers for their fast development” was adopted.

The law eliminated responsibility for illegal trade and rendering services from criminal punishment and included it to administrative violation.

It was noted that reforms in Uzbekistan will help to people start their businesses in short time and save their time and money. Amendments to laws will help to further stimulate development of businesses, production of quality products, competitive in internal and external markets.

 
 

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