Uzbekistan Launches New Business Support System with Loans and Inspection Moratorium

Uzbekistan has introduced a comprehensive new system aimed at bolstering its business sector, featuring enhanced access to financial support and a significant reduction in regulatory oversight. President Shavkat Mirziyoyev announced the new measures, signaling a renewed focus on fostering a more conducive environment for entrepreneurs and companies.

The initiative provides businesses with crucial access to loans and guarantees, designed to facilitate growth, investment, and operational stability. This financial backing is coupled with a moratorium on inspections, a move intended to alleviate the administrative burden on businesses and allow them to concentrate on their core activities without the constant threat of regulatory scrutiny.

This multi-faceted approach, combining financial incentives with deregulation, reflects Uzbekistan's commitment to economic reform and its ambition to attract further investment. The government hopes these changes will stimulate economic activity, create jobs, and improve the overall competitiveness of the Uzbek business landscape.