MPs consider new draft laws
20/06/2014 18:41
MPs consider new draft laws
20/06/2014 18:41
Tashkent, Uzbekistan (UzDaily.com) -- Legislative Chamber of Oliy Majlis of Uzbekistan discussed several draft laws in the first reading at it session on 19 June 2014.
MPs discussed a draft law “On introduction of changes to article 12 of the law “On microfinancing”. The document was developed to create additional conditions for development of small and private businesses via providing them improved access to financial resources.
The amendments will help to decrease terms of consideration of credit applications of the businesses by commercial banks and other financial institutions from 10 days to 3 days.
Legislative Chamber also discussed a law “On investment activities” in new edition. The document is directed at expanding participation of population and business entities in investment processes in the country, creation of additional stimulus and conditions for investments directed at modernizing and re-equipping production capacities, protection of interests and property of investors.
New articles are included to the draft law, which will regulate investments into investment project, stimulate investment activities, sets rights of investors, etc.
MPs passed the laws in the first reading taking into account proposals and recommendations, offered at the discussion. The responsible committees were entrusted to prepare the documents to the second reading. MPs considered other issues in their jurisdiction.
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