Page 145 - Theoretical and Practical Interpretation of Investment Attractiveness

infrastructures. Also, barriers related to tax, customs, banking, and land allocation to investors
are also common (Figure 4.1.3).
Today, to create the necessary conditions and opportunities for the rapid development
of private property and private entrepreneurship, to further simplify the procedure for their
organization and start-up activities, to further improve the investment climate and business
environment, to encourage the development of entrepreneurial activities, to give greater
freedom to entrepreneurs due to the liberalization of criminal and administrative legislation
the adoption of the program of additional measures to increase efficiency is of great
importance 158 .
In this program, which consists of six parts and 46 items:
⃰ further improvement and liberalization of the legislation regulating the activities of
business entities and investors;
⃰ increasing efficiency and ensuring transparency in the interaction of business subjects
with state administration and state authorities;
⃰ further improvement of the institutional system of support and coordination of
activities of business entities;
⃰ improving the mechanism of lending to business entities, improving the quality of
banking and financial infrastructure, expanding the range of services provided to business
entities;
⃰ simplification of tax administration, further improvement and implementation of
quality management standards;
⃰ directions such as improving the corporate management system and increasing the
role of private owners have been introduced.
Implementation of the automated information system "ON-LINE-monitoring" is
important for the further improvement of the business environment in the regulatory and legal
documents of state and government management, for creating the most favorable investment
climate, for increasing the transparency of the activities of state and economic management
bodies, for improving the investment climate and business environment. takes place.
This automated information system is of particular importance in the monitoring work
to ensure the implementation of the forecast indicators specified in the "Program of measures
to ensure the structural change, modernization and diversification of production in 2015-
2019" and the timely and effective implementation of the investment projects included in this
program 159 .
At the same time, measures to ensure reliable protection of private property, small
business and private entrepreneurship, and to eliminate obstacles to their rapid development,
adopted on May 15, 2015, will increase the effectiveness of the work on further improvement

158 Decree No. PF-4609 dated April 7, 2014 of the President of the Republic of Uzbekistan "On additional measures to
further improve the investment climate and business environment in the Republic of Uzbekistan". //www/lex.uz
159 Decree of the President of the Republic of Uzbekistan "On the program of measures to ensure structural change,
modernization and diversification of production in 2015-2019". PF-4707 dated March 4, 2015. //www.lex.uz
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