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PRESIDENTIAL DECREE OF THE REPUBLIC OF UZBEKISTAN

of August 8, 2023 No. UP-129

About additional measures for creating favorable conditions for entrepreneurs in the Republic of Karakalpakstan

(as amended on 18-01-2024)

For the purpose of creating favorable conditions for investment attraction to the Republic of Karakalpakstan by stimulation of the organization of business activity and production of competitive products with high value added in the region, and also achievements of the resulting effects of development the next seven years planned on the basis of direct studying of proposals of entrepreneurs:

1. To allocate to fund of reconstruction and development 100 million US dollars of JSC Uznatsbank, JSB Uzpromstroybank and JSC Alokabank for the purpose of financing of investment projects on expansion of production in the Republic of Karakalpakstan. At the same time within these means:

commercial banks grant the loans for financing of investment projects at the rate of 5 annual interest rates in foreign currency and 12 annual interest rates in national currency for a period of 10 years with 5-year grace period. At the same time the margin of commercial bank is established in the amount of 1 percent on foreign currency loans and 2 percent - on domestic currency loans;

projects are performed by investment companies under establishment of commercial banks with the subsequent realization to entrepreneurs as "the ready project";

commercial banks provide borrowing facilities for financing of investment projects for a period of 10 years with 5-year grace period at a rate of not more than the main rate of the Central bank.

2. To the ministry of investments, industry and trade till the end of 2024 to raise in addition borrowing facilities in the amount of 200 million US dollars from the international financial institutions for the purpose of the organization of work on financing of new projects.

At the same time financing of these means and projects implementation are performed based on the conditions determined by Item 1 of this Decree.

3. Establish procedure for further improvement of business environment in the Republic of Karakalpakstan according to which:

to projects of subjects of entrepreneurship the "Company on Development of Entrepreneurship" Joint-stock company till January 1, 2025 according to the procedure of exception provides guarantee at the rate to 75 percent from credit amount, the financing of investment projects allocated in national and foreign currency for the purposes and forming of current assets, but no more than 5 billion sum provided that the guarantee agreement will not be terminated unilaterally;

the procedure for privatization of the parcels of land, buildings and constructions to the entrepreneurs who fulfilled investment obligations in small and youth industrial and entrepreneurial zones is established;

if the objects of state-owned property which are at the public biddings in the territory will not be implemented in three-months time, the procedure for their provision to the applicant who made the best proposal on the basis of electronic tender with the obligation of attachment of investments is entered;

the system of provision in 2023-2024 in the Republic of Karakalpakstan of the parcels of land with the right of direct long-term lease to initiators of projects, including the companies with participation of foreign investments with the obligation of attachment of investments in the city of Nukus in the amount of 1 million US dollars, in other areas - on 300 thousand US dollars based on the decision of Council of Ministers of the Republic of Karakalpakstan takes root;

in 2023-2024 it is provided to Council of Ministers of the Republic of Karakalpakstan, according to the procedure of exception, power on change based on the solution of category of land fund of not irrigated parcels of land (pastures, lands without access to water, low-fertile lands), as a part of lands of forest fund and lands of agricultural purpose.

4. Create the permanent Republican working group on social and economic development, improvement of social and production infrastructure, elimination of the problems arising in activities of subjects of entrepreneurship of the Republic of Karakalpakstan (further - the Republican working group) headed by the Prime Minister of the Republic of Uzbekistan A. N. Aripov, in structure according to appendix No. 1.

5. To the head of the Republican working group A. N. Aripov:

to monthly study with departure on places the arisen problems and to take measures for their elimination;

together with the Chairman of the Jokargi Kenes of the Republic of Karakalpakstan A. T. Orynbayev to enter to the President of the Republic of Uzbekistan following the results of quarter information on efficiency and effectiveness of the carried-out work.

6. Approve:

structure of the small working group on implementation of large investment projects and to attraction of foreign investments in perspective projects in the Republic of Karakalpakstan in 2023 - 2025 according to appendix No. 2;

the plan of additional measures for creating favorable conditions for entrepreneurs in the Republic of Karakalpakstan according to appendix No. 3.

7. Ceased to be valid according to the Presidential decree of the Republic of Uzbekistan of 10.11.2023 No. UP-193

8. To Central Bank:

a) since 2024 annually to allocate to commercial banks at least 2 trillion sum of borrowing facilities for the Republic of Karakalpakstan within development programs of family entrepreneurship;

b) based on the following conditions to implement system:

allocations of borrowing facilities in the amount up to 1 000-fold size of basic settlement size proceeding from mortgage providing for financial support of newly created subjects of entrepreneurship within development programs of family entrepreneurship on which accounts there are not enough means;

for the purpose of training of profession of youth and retraining of specialists of production process, increase in their knowledge and potential, allocation of borrowing facilities on their training in the foreign states at a rate of not more than the main rate of the Central bank for a period of 10 years with 4-year grace period.

9. To the ministry of youth policy and sport together with the Ministry of the higher education, science and innovations, the Ministry of Economics and finance, the Ministry of Construction and Housing and Communal Services, Council of Ministers of the Republic of Karakalpakstan in two-month time to create "The youth social and economic center" (further - the Youth center) on the parcel of land of 100 hectares in Hodzheyliysky district.

At the same time:

in the territory of the Youth center the IT park, project offices, technopark of startups, "innovative groups" of support startup projects, the cultural and spiritual centers, libraries and sports complexes will be created;

for the entrepreneurs and youth working in the Youth center within the My First House project multi-storey and individual apartment houses will be built;

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