Page 179 - Theoretical and Practical Interpretation of Investment Attractiveness
P. 179

The rating indicators of our country can be divided into three groups:
               The first group h consists of ratings with significant shifts. This: 1. Registration of
         commercial enterprises; 2. Register private property; 3. Obtaining loans.
              Having introduced a simplified system of state registration of business entities via the
         Internet and further improvement of the “single window” system for registration of business
         entities, Uzbekistan rose by 4 places and took 8th place in the area of business registration.
         State registration of business entities in Uzbekistan takes 3 days; in Europe and Central Asia
         this figure averages 11.9 days. day, other economic cooperation and in developing countries
         - 9.2 days.

               •   Helps to resolve basic and national (local) differences;
             •     The opportunity to compare countries and apply the experience of leading
                countries in this area will expand;

             •  Progress of reforms will be reflected.

                                     Diagnostic tool

                                                                  2
                                                   Reforms intrument
             3

               Controlling and monitoring
                                                  •   Provides regional and global

                                                     competition;
                                                  •   Creates the opportunity to learn
                •   Actions are accelerated (over time)   from each other on equal terms;
                 by repeated benchmarking;
                                                  •  The capacity of administrative
               •   Strengthens the incentive to carry
                 out reforms despite changes in the   authorities and other relevant
                 economic and political system.      departments to manage the reform
                                                     process will be enhanced.


                         4.3.1-form. Subnational Doing Business (SNDB)

              Highlight increase the investment attractiveness of targeted business organize achieve
         procedures simplification  in accordance with  last  for years made  increased measure  -
         measures as a result today's in a day in Uzbekistan business open for 1.5 times more than in
         Japan , Russia and 1.6 times more than in Germany , Greece And Israel - 2 times , Spain - 2.2
         times , Ukraine - 2.8 times , India - 4.5 times , China - 4.8 times. and 12.8 times more than in
         Brazil less time is wasted . According to experts from the World Bank and the International
         Finance Corporation, Uzbekistan is the fourth country in the world where the least amount of
         time is spent resolving economic disputes in courts.
              Another area that has  significantly improved in  the new  report is  the indicator of
         registration of rights to real estate (87th place, +26 points). A positive change in this direction
         was achieved through further improvement of the procedure for providing public services to
         business entities on the “one window” principle. For example, from January 1, 2015, when
         providing public services, government bodies and other bodies will require business entities
         to collect documents and information from other government bodies, including information
         about the absence of tax debt or debt for utility bills, Constituent documents, licenses and
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