18 July 2019

00:00:00 (GMT+5)

Tashkent +26,4 °C

In focus
6 Feb  2019 991

Uzbekistan simplifies registration of business and construction permits

Uzbekistan wants to rise from 76 to 20 places in the World Bank Doing Business Ratings in three years.

A presidential decree dated February 5 approved the Road Map and target indicators for improving the rating. They cover the registration of business entities, obtaining building permits, connecting to the power supply system, registering property, protecting minority shareholders, international trade and enforcing contracts. The World Bank analyzes these mechanisms when compiling the Doing Business rating.

Meanwhile, the top three rankings are New Zealand, Singapore and Denmark. Georgia takes the sixth place, leading of the former USSR countries. Kazakhstan rated  28, and Russia is 31.

 

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