Uzbekistan announces €1bn plan to boost business growth and exports

AI-summarized · Neutrality-checked

On 20 August, Uzbekistan President Shavkat Mirziyoyev announced a five-part, €1 billion business reform plan during the annual open dialogue with entrepreneurs in Khiva. The initiative, intended to transition the private sector from business creation to capital growth, introduces measures spanning digital credit portals, AI integration subsidies, and a $1 billion export-support system. Participating government entities and the Business Guarantee Company will facilitate access to capital by reducing collateral requirements for smaller firms and lowering mandatory advance utility payments from 100% to 15%. Additionally, the government launched programs to assist 50 large companies annually in preparing for international initial public offerings to attract foreign investment.

Consequences

The reduction in advance utility payments and collateral requirements is expected to immediately increase available working capital for businesses, allowing for greater operational liquidity. The planned AI adoption program and export-support tools will likely alter the competitive landscape for the 2,000 companies targeted for production adaptation to foreign market standards.

Sources

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