Uzbekistan allocates more than 3,5 trillion soums to support construction area for the time of pandemic

Uzbekistan allocates more than 3,5 trillion soums to support construction area for the time of pandemic

The leader of Uzbekistan raised the issue of steady removal of quarantine regime in districts, regions and cities that saw positive shift in regards to novel coronavirus outbreak while using all the possible measures to preserve jobs and prevent economic crisis. If resumed back to regular life, businesses and enterprises, nevertheless, will have to adhere to sanitary rules.

Besides, considering construction area being one of the drivers of employment and economic stability as well as high demand from citizens in accessible living, a number of measures have been taken to prevent the downfall of construction area at times of coronavirus.

Particularly, government allocated 3,6 trillion soums (more than 335 million dollars). Additionally, 1,5 trillion soums (147 million dollars) from Anti-Crisis Fund will go on construction of engineering and communications infrastructure. That includes 500 billion soums (around 50 million dollars) on 55 projects in the area of water supply and 1 trillion soums (98,5 million dollars) on 1,547 projects in road construction. Government creates necessary conditions to increase the income of local budgets, including building up resources for road construction and other infrastructure objects.

In the near future, construction objects will be allowed to resume their work with full compliance with quarantine rules.

“In general, the construction sector, whether it is housing or infrastructure related building, is a great reserve for creating new jobs, generating demand and supply in the market, and ultimately ensuring economic growth. If industry local leaders, aware of the responsibility assigned to them, will organize their work correctly, we will emerge from the economic crisis with minimal losses,” said President Mirziyoyev.

Thus, Uzbekistan is taking decisive measures and continuing its work to ensure country’s prosperity.

“Dunyo” IA

Uzbekistan takes practical measures to ensure employment at times of novel coronavirus

Uzbekistan takes practical measures to ensure employment at times of novel coronavirus

On April 22 President of Uzbekistan held a meeting devoted to issues of employment, informs “Dunyo” IA correspondent with the reference to the Press-service of the President of Uzbekistan.

As stated at the event, quarantine measures impacted on the volume of production and services as well as the number of unemployed. Tax revenues in some regions decreased by 30–40%, in a number of districts and cities - by more than 50%.

Government is taking necessary measures to address this challenge. Particularly, a number of families with children who are entitled to benefits and financial assistance has increased. The terms of payments on household loans extended by 3.26 trillion soums. 141.8 thousand citizens provided with employment at the expense of the Employment Promotion Fund and the Public Works Fund.

However, changing environment requires additional measures. Entrepreneurs and farmers should help poor families do household chores in their yards, allocate plots in their lands for re-cultivating crops and promote home-based work. Such entities will be given a deferral or installment plan for taxes or loans.

President of Uzbekistan spoke on possibility of creating 14 thousand new jobs via setting up agricultural cooperatives and home greenhouses. Uzbek leader ordered to cover 110 thousand people with seasonal job; 167 thousand – community job. 52 thousand more jobs could be created by building orchards and vineyards, 785 thousand in silk industry and 75 thousand in construction and infrastructure areas.

Service industry was also on the agenda. 13 thousand catering businesses, 45 thousand in the area of trade, 19 thousand – service, 7 thousand in transportation area either suspended their work or lost profit.

Freelance workers will also be supported. Currently, people are allowed to do 24 types of jobs compared to 85 types in individual enterprises. President ordered to extend the list and introduce registration system for freelance workers.

Nowadays, handcrafting provides jobs to more than 25 thousand people and this number increases to 80 thousand, if mentees are included. During the event, the Shavkat Mirziyoyev ordered to organize remote learning courses on handcrafting for youth and women.

“Hunarmand” Association, Ministry of Investments and Foreign Trade are responsible for creating online platform to help sale handcrafting items overseas.

A plethora people in Uzbekistan are providing design, translation, programming, marking, teaching and other services through internet. These specialists are facing challenges in setting up a bank account and receiving payments. Responsible individuals are assigned to encourage young people to find profit via intellectual labor in the internet, provide benefits for them, and introduce popular foreign payment systems.

“Dunyo” IA

Uzbekistan sets up the way to support businesses helping families in need

Uzbekistan sets up the way to support businesses helping families in need

At times when the world is addressing coronavirus pandemic, the leader of the Republic of Uzbekistan is taking decisive measures, aimed at minimizing consequences on country’s economy and social area.

Decrees of the President, developed and adopted within a short period of time, oversaw prevention of virus spread, ensuring stability of the budget, mitigation of the negative impact on economic sectors, social support of the population during COVID-19 outbreak.

Along with government, the fight however, requires engagement of civil society and business sector.

At the meeting, on April 20, President of Uzbekistan Shavkat Mirziyoyev suggested establishing “Kindness and Support” nationwide movement. Following that, on April 22, Uzbekistan registered “Kindness and Support” Fund.

The fund and its divisions are registered under “Mahalla” Charitable Public Fund and its territorial departments as non-legal entities.

Fund’s resources will be formed based on donations, sponsorship support and other sources that do not violate the law.

Available sources will be streamlined to support individuals in need of social protection, large families, lone senior and disabled people, temporary jobless individuals who lost their income for the time for quarantine to cover grocery, medicine and necessary goods. Large enterprises and its divisions are already providing great support. In turn, the government will provide them tax, leasing, credit preferences as well as access to necessary resources.

Earlier set up “Mercy and Health of Uzbekistan” Public Fund has been receiving monetary contributions from across the world.

“Dunyo” IA

Uzbekistan and UNCTAD mapped out a number of prospective directions for collaboration

Uzbekistan and UNCTAD mapped out a number of prospective directions for collaboration

Deputy Prime-Minister, Minister of Investments and Foreign Trade of Uzbekistan Sardor Umurzakov and United Nations Conference on Trade and Development (UNCTAD) Secretary-General Mukhisa Kituyi, via videoconference, discussed the prospects of bilateral cooperation that includes attracting UNCTAD’s technical assistance.

During the meeting, Mukhisa Kituyi praised Uzbekistan’s actions headed by the President of Uzbekistan Shavkat Mirziyoyev’s reform agenda to liberalize economy and introduce market principles and spoke on the growing interest of world businesses to country’s economic transformation.

In this regard, parties put forward the initiative to prepare and publish “Investment Policy Review of Uzbekistan” and “Investment Guidebook on Uzbekistan”. Noteworthy, similar documents were only prepared once in history.

Deputy Prime-Minister and UNCTAD SG reviewed issues of improving the work of Uzbekistan’s free-economic zones (FEZ). UNCTAD will assist drafting FEZ development concept. “Khazarasp” FEZ in Khorezm region will serve as a pilot project.

Mukhisa Kituyi also expressed his support of the project aimed at developing a value chain in the fruit and vegetable sector of Uzbekistan as part of a special UNCTAD program to support landlocked states. Additionally, he expressed readiness to assist the preparation of special program for increasing the export of processed fruits and vegetables.

Uzbekistan’s plans on integration into the world economy was also on the agenda. As stated at the event UNCTAD is ready to support Uzbekistan’s candidacy for World Trade Organization (WTO) and assist in obtaining beneficiary status with Generalized Scheme of Preferences (GSP) EU’s GSP+.

Parties also tapped on joined efforts in the area of technology and digitalization. UNCTAD staff offered support in such areas as improving the national statistical system of attracted and assimilated foreign investments, introducing the ASYCUDA system in the structure of customs authorities, that oversees the complete digitalization of customs procedures and their transition to a contactless mode of operation; provision of technical consulting in the development of the functional of the investment portal of Uzbekistan and its promotion among foreign business circles.

To conclude the meeting, parties reaffirmed the readiness to actively support each other and mapped out a plan of further actions to bring join initiatives to life.

300 million dollars will be streamlined to develop Uzbekistan’s textile industry

300 million dollars will be streamlined to develop Uzbekistan’s textile industry

On April 23, President of Uzbekistan Shavkat Mirziyoyev held a meeting on ensuring the stable development of textile industry and mitigating the impact of novel coronavirus.

The President ordered to extend the deadline for final payment term for cotton fiber sold before April 1, 2020 from 90 to 150 days. Besides, Uzbekistan will introduce VAT instant return mechanism that will follow after export customs clearance.

Uzbek leader instructed to enlarge finished production within the five years by 4-5 times, develop foreign masters through improving product competitiveness. At the meeting instructions were given on the organizing of large export enterprises with the participation of foreign companies, the production of popular products under well-known brands.

Namangan, Samarkand and Tashkent regions will host new enterprises on exporting manufactured goods. 300 million dollars will be allocated for these purposes within “Reconstruction and Development” Funds’ credit line.

Ministry of Investments and Foreign Trade and “Uztukimachiliksanoat” Association are responsible for obtaining GSP+ beneficiary status for duty-free trading in the European Union market. President also touched on urgency of BSI certification with the assistance of the International Finance Corporation.

In Uzbekistan, COVID-19 recovery rate exceeds 32%; morality – around 0,4%.

In Uzbekistan, COVID-19 recovery rate exceeds 32%; morality – around 0,4%.

On April 24, the Head of the State Inspection of Sanitary and Epidemiological Surveillance under the Cabinet of Ministers of Uzbekistan, Chief State Sanitary Inspector Nurmat Otabekov stated that in Uzbekistan recovery rate exceeds 32%, while mortality rate makes around 0,4%.

“To this date, a number of recovered and forwarded for rehabilitation surpasses 560 people. While word recovery index makes 27%, in Uzbekistan the number stays at 32%,” stated Otabekov. “World mortality rate is 7%. In Uzbekistan – around 0,4%. Currently, around 1,190 citizens undergo diagnostic treatment”.

Socio-economic issues during the pandemic considered

On April 24, 2020, President of the Republic of Uzbekistan Shavkat Mirziyoyev chaired a videoconference on the issues of ensuring employment of the population and resumption of economic sectors’ activities

Uzbekistan allocates more than 3,5 trillion soums to support construction area for the time of pandemic

Uzbekistan allocates more than 3,5 trillion soums to support construction area for the time of pandemic

The leader of Uzbekistan raised the issue of steady removal of quarantine regime in districts, regions and cities that saw positive shift in regards to novel coronavirus outbreak while using all the possible measures to preserve jobs and prevent economic crisis. If resumed back to regular life, businesses and enterprises, nevertheless, will have to adhere to sanitary rules.

Besides, considering construction area being one of the drivers of employment and economic stability as well as high demand from citizens in accessible living, a number of measures have been taken to prevent the downfall of construction area at times of coronavirus.

Particularly, government allocated 3,6 trillion soums (more than 335 million dollars). Additionally, 1,5 trillion soums (147 million dollars) from Anti-Crisis Fund will go on construction of engineering and communications infrastructure. That includes 500 billion soums (around 50 million dollars) on 55 projects in the area of water supply and 1 trillion soums (98,5 million dollars) on 1,547 projects in road construction. Government creates necessary conditions to increase the income of local budgets, including building up resources for road construction and other infrastructure objects.

In the near future, construction objects will be allowed to resume their work with full compliance with quarantine rules.

“In general, the construction sector, whether it is housing or infrastructure related building, is a great reserve for creating new jobs, generating demand and supply in the market, and ultimately ensuring economic growth. If industry local leaders, aware of the responsibility assigned to them, will organize their work correctly, we will emerge from the economic crisis with minimal losses,” said President Mirziyoyev.

Thus, Uzbekistan is taking decisive measures and continuing its work to ensure country’s prosperity.

“Dunyo” IA

Uzbekistan takes practical measures to ensure employment at times of novel coronavirus

Uzbekistan takes practical measures to ensure employment at times of novel coronavirus

On April 22 President of Uzbekistan held a meeting devoted to issues of employment, informs “Dunyo” IA correspondent with the reference to the Press-service of the President of Uzbekistan.

As stated at the event, quarantine measures impacted on the volume of production and services as well as the number of unemployed. Tax revenues in some regions decreased by 30–40%, in a number of districts and cities - by more than 50%.

Government is taking necessary measures to address this challenge. Particularly, a number of families with children who are entitled to benefits and financial assistance has increased. The terms of payments on household loans extended by 3.26 trillion soums. 141.8 thousand citizens provided with employment at the expense of the Employment Promotion Fund and the Public Works Fund.

However, changing environment requires additional measures. Entrepreneurs and farmers should help poor families do household chores in their yards, allocate plots in their lands for re-cultivating crops and promote home-based work. Such entities will be given a deferral or installment plan for taxes or loans.

President of Uzbekistan spoke on possibility of creating 14 thousand new jobs via setting up agricultural cooperatives and home greenhouses. Uzbek leader ordered to cover 110 thousand people with seasonal job; 167 thousand – community job. 52 thousand more jobs could be created by building orchards and vineyards, 785 thousand in silk industry and 75 thousand in construction and infrastructure areas.

Service industry was also on the agenda. 13 thousand catering businesses, 45 thousand in the area of trade, 19 thousand – service, 7 thousand in transportation area either suspended their work or lost profit.

Freelance workers will also be supported. Currently, people are allowed to do 24 types of jobs compared to 85 types in individual enterprises. President ordered to extend the list and introduce registration system for freelance workers.

Nowadays, handcrafting provides jobs to more than 25 thousand people and this number increases to 80 thousand, if mentees are included. During the event, the Shavkat Mirziyoyev ordered to organize remote learning courses on handcrafting for youth and women.

“Hunarmand” Association, Ministry of Investments and Foreign Trade are responsible for creating online platform to help sale handcrafting items overseas.

A plethora people in Uzbekistan are providing design, translation, programming, marking, teaching and other services through internet. These specialists are facing challenges in setting up a bank account and receiving payments. Responsible individuals are assigned to encourage young people to find profit via intellectual labor in the internet, provide benefits for them, and introduce popular foreign payment systems.

“Dunyo” IA