RESOLUTION OF THE CABINET OF MINISTERS OF THE REPUBLIC OF UZBEKISTAN

of August 4, 2014 No. 215

About measures for enhancement of the mechanism of approval of perspective investment offers and process of attraction of foreign investments and the credits

In pursuance of the Presidential decree of the Republic of Uzbekistan of April 7, 2014 No. UP-4609 "About Additional Measures for Further Enhancement of the Investment Climate and Business Environment in the Republic of Uzbekistan" and the Resolution of the President of the Republic of Uzbekistan of July 24, 2008 No. PP-927 "About measures for enhancement of process of attraction and development of foreign investments and the credits", and also for the purpose of increase in efficiency and efficiency of process of attraction of foreign investments and the credits by implementation of modern information and communication technologies, assistance to the ministries and departments, bodies of the public and economic board, to public authorities on places, to business entities - initiators of projects in search and involvement of potential foreign investors and creditors the Cabinet of Ministers decides:

1. Determine that:

since October 1, 2014 approval by initiators in authorized bodies of public administration of investment offers and passports of the projects providing attraction of foreign investments and credits is performed electronically through the "Single Electronic Base of Investment Offers" system (further - EEBIP) the Ministries of Foreign Economic Relations, Investments and Trades of the Republic of Uzbekistan;

the ministries and departments, bodies of the public and economic board, public authorities on places, business entities - initiators of projects bear the personal responsibility for quality of filling, completeness and compliance of investment offers and passports of projects to requirements of the Resolution of the President of the Republic of Uzbekistan of July 24, 2008 No. PP-927 "About measures for enhancement of process of attraction and development of foreign investments and the credits".

2. Approve the scheme of interaction of initiators of projects and authorized bodies of public administration within process of approval of investment offers and passports of perspective projects according to which attraction of foreign investments and credits, through EEBIP according to appendix is provided.

3. To the Ministry of Foreign Economic Relations, Investments and Trades together with the Ministry of Economics and the Ministry of Finance of the Republic of Uzbekistan in two-month time to develop and in accordance with the established procedure to approve Regulations on procedure for introduction and approval of investment offers and passports of perspective projects in the "Single Electronic Base of Investment Projects (SEBIP)" system.

4. To the ministries and departments, public authorities on places, to business entities - initiators of projects to provide:

annually within 30 days after approval of the State investing program and regional investing programs, respectively, development and input in the EEBIP system of investment offers and passports of projects according to which attraction of foreign investments and credits is required;

on permanent basis updating of parameters of investment offers and passports of projects, with their subsequent approval of authorized bodies of public administration in the EEBIP system in accordance with the established procedure.

5. To provide to the Ministry of Foreign Economic Relations, Investments and Trades together with the Ministry of Economics, the Ministry of development of information technologies and communications of the Republic of Uzbekistan on system basis carrying out:

explanatory work about benefits of use of the EEBIP system with participation of the ministries and departments, bodies of the public and economic board, public authorities on places and business entities - initiators of projects;

monitoring of practical application of the mechanism of electronic filling, proper functioning and enhancement of the EEBIP system for unconditional fulfillment of requirements of the Resolution of the President of the Republic of Uzbekistan of July 24, 2008 No. PP-927 "About measures for enhancement of process of attraction and development of foreign investments and the credits" with its integration in the Single portal of interactive state services of the Republic of Uzbekistan.

6. To impose control of execution of this resolution on the First Deputy Prime Minister of the Republic of Uzbekistan R. S Azimov.

Appendix

to the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan of August 4, 2014 No. 215

The scheme of interaction of initiators of projects and authorized bodies of public administration within process of approval of investment offers and passports of perspective projects according to which attraction of foreign investments and credits through EEBIP is provided

Note: MFI - the international financial institutions; IPFO - foreign government financial institutions.

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