00:02Uzbekistan has unveiled a five-part business reform plan with nearly 1 billion euros specifically allocated to exports, AI and
00:11business growth.
00:12President Shavkyat Mirzioev announced it at his annual dialogue with around 25,000 business representatives in Hiva, western Uzbekistan.
00:22Official figures show business lending nearly tripled in five years.
00:36One immediate change concerns working capital. Companies with automated electricity and gas metering and regular payment records will see advanced
00:45payments fall from 100 percent to 15 percent.
01:04A new credit portal lets businesses seek offers from several banks, while eligible borrowers will provide only 25 percent of
01:14the collateral themselves.
01:15The AI Partner for 10,000 Enterprises program will cover half of the cost of adopting AI with 86 million
01:24euros for the first phase.
01:26The reforms also aim to reduce regulatory pressure on businesses.
01:30President Mirzioev said repeated inspections can hold back development and innovation.
01:49Business fines will also be cut by half on average. From next year, the burden of proof in disputes with
01:55the state will shift.
02:06Exports are another focus. Around 862 million euros will support exporters, including through a new export navigator.
02:16The government also plans to prepare 50 companies a year for international capital markets, aiming to attract at least 1
02:23billion dollars annually.
02:25At the meeting, President Mirzioev summed up the shift clearly. Uzbek businesses are moving from starting a business to growing
02:32their capital.
02:32Telbar Primva, Euronews, Horazam.
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