NEWS AND EVENTS
December 11, 2014
President signs law “On investment activities” in new edition
President of Uzbekistan Islam Karimov signed a law “On investment activities” in new edition on 9 December 2014.
Legislative chamber of Oliy Majlis of Uzbekistan passed the law on 29 October and Senate approved it on 13 November 2014.
The law was developed within implementation of tasks, determined in Concept on further deepening democratic reforms and forming civil society in Uzbekistan, adopted by both chambers of Oliy Majlis in November 2010.
Main regulations of the law are directed at further expanding participation of legal entities and population in investment processes, creating additional stimulus and conditions to investments and modernization, technical and technological re-equipment.
The law will help to further improving investment climate in the country, protection of rights and interests of investors, realizing state policy in investment activities, as well as stimulating private investments.