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of January 21, 1994 No. UP-745

About measures for further deepening of economic reforms, ensuring protection of private property and development of entrepreneurship

(as amended on 19-06-2023)

Proceeding from need of providing proper conditions for effective functioning of market mechanism, acceleration of processes of privatization and privatization, and also protection of private property in the Republic of Uzbekistan:

1. ceased to be valid the Order of the President of RU No. R-895 of 03.09.1998.

2. To the Cabinet of Ministers to develop and submit for consideration the state program on deepening of processes of privatization and privatization in a month, having paid special attention on implementation of privatization in industries and constructions. Provide in it:

transformation of the closed joint stock companies to societies of open type providing open entry of citizens to process of privatization and privatization;

the organization of the republican exchange of trade in the real estate and implementation of sale of the state objects through it, privatizeable;

creation of republican stock exchange and ensuring primary placement of shares on it the privatized companies.

To provide to Uzgosfond together with the Ministry of Finance, the State Property Committee and the Central bank of the Republic of Uzbekistan share issue, the created and transformed joint-stock companies and their placement on the stock exchange.

3. Ceased to be valid according to the Presidential decree of the Republic of Uzbekistan of 19.06.2023 No. UP-99

4. To the Ministry of Justice of the Republic of Uzbekistan:

determine specific measures for providing legal protection of non-state property and measure of administrative and criminal liability for violation of the rights of private property of citizens. Provide the specified offers to directive bodies;

in accordance with the established procedure to provide offers on entering of amendments and changes into Criminal, Civil codes and other legal acts of the Republic of Uzbekistan.

5. For the purpose of development of the foreign exchange market in the Republic of Uzbekistan and increases in efficiency of use of the cash currency resources which are in circulation, to National Bank of foreign economic activity of the Republic of Uzbekistan:

create on places necessary conditions for opening of accounts in foreign currency to physical persons with interest payment according to the regulations accepted in the international banking practice;

accelerate release into the stream of commerce of own debit and credit cards of Viza International and their servicing as in the Republic of Uzbekistan, and abroad;

accept on centralized servicing cash transactions of banks with cash foreign currency through system of own correspondent accounts.

6. In every possible way to stimulate chastnopredprinimatelsky activities of the citizens providing commodity importation and replenishment of the domestic market in every possible way to encourage creation of small wholesale trade structures, including on family basis.

For this purpose to National Bank of foreign economic activity of the Republic of Uzbekistan and joint-stock commercial banks to perform crediting of citizens of the Republic of Uzbekistan in national and foreign currency on the terms of provision of the corresponding pledge or guarantee, to Public institutions to eliminate the available obstacles and bureaucracy in case of registration and opening of accounts in banks to the specified structures. To the Ministry of Justice to approve provision on the specified questions.

Lift limits on import and export of foreign currency and bank notes of the CIS countries by citizens of the Republic of Uzbekistan and foreign citizens, except for the provisions contradicting the legislation of the Republic of Uzbekistan.

7. Ceased to be valid according to the Presidential decree of the Republic of Uzbekistan of 03.05.2018 No. UP-5428

8. Form under the Ministry of Finance state-owned company on insurance of domestic and foreign investments - Uzbekinvest, having transferred it part of the assets of Uzgoskhran which are in the territory of the Republic of Uzbekistan.

To the Ministry of Finance to resolve issue of sources of forming of the seed authorized capital in a month, to develop and approve regulations on the company. Provide in it most favored nation treatment to foreign investments.

9. Ceased to be valid

10. Determine that objects of public procurements of products of common industrial appointment and consumer goods are not subject to approval, distribution and bringing to suppliers and consumers.

To the Cabinet of Ministers to specify and approve supply rates for the state needs of food products, fuel and raw material resources for ensuring social requirements of the population, accomplishment of interstate agreements and for the purposes of export.

11. Enter into practice the organization and holding wholesale fairs with participation of the commodity and raw exchanges on sales of goods and products, the companies being at the command and farms, on bags coupons.

Export out of limits of the republic of the goods acquired thus in the presence of supporting documents, is not licensed and not levied duty.

12. To heads of complexes of the Cabinet of Ministers in two weeks to make offers in the Cabinet of Ministers:

about abolition of state concerns as governing bodies of economic activity of the companies which are not answering to conditions of development of the market relations;

transformation of concerns to associations of producers, according to appendix No. 2. Develop and approve regulations on these associations, meaning that they have no directive functions, and their main task is determination of the strategy of development of production, proceeding from market situation and marketing of products.

To state and joint-stock associations and corporations to bring the charters into accord with the Law "About the Companies in the Republic of Uzbekistan" and the above-stated requirements.

Give the Ministry of Justice of the Republic of Uzbekistan the right of registration of charters of economic associations and control of their observance.

13. Consider any intervention in financial and economic activity of the companies, organizations and the organizations, irrespective of patterns of ownership, from khokimiyats and higher bodies of management inadmissible.

Strictly forbid khokimiyats creation of various off-budget funds in the territory of areas and the cities due to derivation of means of the companies, organizations and organizations.

14. Cancel the customs duties on import of all types of the goods imported into the Republic of Uzbekistan till July 1, 1995.

To the ministry of external commercial relations and the Ministry of Justice together with the interested ministries and departments to determine the list of goods (values) forbidden to import to the republic territory in a month and to bring it to the attention of customs divisions of the republic.


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