Uzbekistan declares 2019 the Year of Active Investment and Social Development

TASHKENT (TCA) — At the suggestion of President Shavkat Mirziyoyev, 2019 has been declared the Year of Active Investment and Social Development in Uzbekistan as a logical continuation of activities that begun in 2018, the Jahon information agency reported.

The move was declared in the President’s Address to the Oliy Majlis (Parliament) on December 28.

The head of state outlined large-scale plans and important tasks in this direction.

Concrete measures will be taken on creating an open economy, radically improving the business environment and investment climate, reducing the state presence in the economy, he said.

The Address analyzed activities implemented in 2018 and outlined plans for the next year and the main directions of domestic and foreign policy of Uzbekistan.

It was noted that real incomes of the population increased by 12 percent compared to 2017. Due to tax revenues that exceeded the forecast parameters, the regions received an additional 5.5 trillion UZS. This is six-fold more compared to last year, and 32-fold more than in 2016.

Constant attention was paid by the state to creating conditions for people to be satisfied with their lives, the President said. A total of 416 villages acquired a new look within the framework of “Prosperous village” and “Prosperous neighborhood” programs. Consistent implementation of “Every family is an entrepreneur” and “Youth is our future” projects has begun.

The Address also highlighted important steps in other spheres of socio-economic life. Specific measures have been identified on creating an open economy, radically improving the business environment and investment climate, reducing the state presence in the economy, and improving the living conditions of the population.

Sergey Kwan

TCA

Sergey Kwan has worked for The Times of Central Asia as a journalist, translator and editor since its foundation in March 1999. Prior to this, from 1996-1997, he worked as a translator at The Kyrgyzstan Chronicle, and from 1997-1999, as a translator at The Central Asian Post.
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Kwan studied at the Bishkek Polytechnic Institute from 1990-1994, before completing his training in print journalism in Denmark.

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