BAKU, Azerbaijan, August 18. Uzbekistan
President Shavkat Mirziyoyev held an open dialogue with
entrepreneurs in the Khorezm region, bringing together nearly
25,000 business representatives for the first time through
district-based studios.


This was reflected in the statement on the Official channel of
the Press Secretary of the President of the Republic of
Uzbekistan.


Mirziyoyev congratulated Uzbekistan’s 1.2 million-strong
business community on Entrepreneurs’ Day and highlighted its
contribution to strengthening the country’s economy.


The president noted that the open dialogue with entrepreneurs,
launched five years ago, has helped resolve thousands of issues
that previously created obstacles for businesses.


During this period, authorities adopted 84 laws and 861
presidential decrees and resolutions aimed at improving the
business environment and addressing entrepreneurs’ concerns.


“Why? To create conditions for our entrepreneurs, increase the
number of jobs and enable our people to earn income in their own
neighborhoods without having to go far from home,” Mirziyoyev
said.


The president also highlighted the expansion of financing
available to businesses. Over the past five years, the business
lending portfolio has nearly tripled to 450 trillion soums (about
$38 billion), providing companies with greater access to funding
for development and expansion.







Entrepreneurs have also benefited from 650 trillion soums
(around $54.7 billion) in tax and customs incentives, according to
the Uzbek side.


In addition, Uzbek businesses have independently attracted $1
billion from foreign banks to finance their projects.


Mirziyoyev described the ability of entrepreneurs to secure
foreign financing independently as another major milestone achieved
by the country’s business community.


The president emphasized the role of private businesses in
creating jobs, increasing household incomes and strengthening
Uzbekistan’s economic capacity.


The open dialogue in Khorezm continues the government’s efforts
to maintain direct communication with entrepreneurs and identify
regulatory, financial and administrative barriers to business
development.


The participation of tens of thousands of entrepreneurs through
district studios also marks an expansion of the format, allowing
businesses from across the region to raise their concerns and
engage directly with the president.