Tashkent, Uzbekistan (UzDaily.com) -- The magazine “Diva International” (Switzerland) has published detailed material on Uzbekistan. It talks about the government document adopted in our country on additional measures to ensure openness and transparency of the activities of the internal affairs bodies. A significant place in the article is also given to the development of the economy and investment policy of the republic at the present stage, including during the pandemic crisis, Dunyo reported.

In particular, the material says that in 2020 it is planned to implement more than 3,000 investment projects in Uzbekistan.

“The investment program for 2020 includes more than 3 thousand projects, the implementation of which provides for investments in the amount of 235 trillion soums, including foreign direct investment in the amount of US$7 billion. Due to the slowdown in the development of the pandemic coronavirus in the first half of the year, priority is given to projects that can produce results in the short term, which ultimately will lead to the creation of new jobs and economic growth,” the article emphasizes.

In addition, the material focuses on the fact that international standards will be gradually introduced into the process of developing project documentation to establish effective investment cooperation in Uzbekistan.

The article provides digital ratios. In particular, it is noted that this year 34% of direct foreign investments fell on the oil and gas, mining and metallurgical sectors, 53% - on regional projects.

It was especially noted that "Uzbekistan is interested in further attracting investments in information technology, jewelry, chemical and electrical industries, higher education and healthcare."

Privileges granted only to foreign investors will also apply to local private investors. For example, if the latter launches a project worth more than US$25 million, external communications and utilities will be built at the expense of the budget.

It was also emphasized that the volume of loans issued by commercial banks increased by 13% compared with the corresponding period last month.

“The President of Uzbekistan emphasized the need to continue focused efforts to restore economic activity. Companies, however, will have to adhere to strict quarantine requirements to prevent the spread of COVID-19,” the article says.