President signs resolution “On measures on further stimulating use of production capacities by the entrepreneurs”
01/03/2017 15:22
President signs resolution “On measures on further stimulating use of production capacities by the entrepreneurs”
01/03/2017 15:22
Tashkent, Uzbekistan (UzDaily.com) -- President of Uzbekistan Shavkat signed a resolution “On measures on further stimulating use of production capacities by the entrepreneurs” on 23 February 2017, the press service of the State Competition Committee said.
The resolution is aimed at creating favourable conditions for effective and rational use of unfinished construction of objects and unused production premises, introducing necessary investments, organizing modern production capacities and creating new jobs.
One of the tasks of the resolution is to speed up attracting business entities to privatization of uncompleted construction objects and use of unused production premises.
The resolution is aimed at implementing the action strategy on five directions of development of Uzbekistan in 2017-2021, in particular expanding and speeding up procedure of privatization of the state property and creating favourable conditions for private businesses.
The document also recommends commercial banks to provide loans to legal entities and individuals, as well as renters, to realize investment projects. The loans will be issued for five years with one-year grace period under the interest rate of equal to the refinancing rate of the Central Bank of Uzbekistan.
The resolution envisages creation of regional inter-governmental commission on inventory and revealing uncompleted and unused production premises. The territorial departments of the State Competition Committee determined as its working bodies.
The resolution also envisages providing assistance to business entities to develop and realize investment projects.
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