Uzbek President Shavkat Mirziyoyev has ordered a reform of Uzbekistan's state oversight system, reducing administrative pressure on entrepreneurs, Asiaplus.tj reports.
At a meeting summarizing the first half of the year, Mirziyoyev stated that oversight bodies should help businesses eliminate violations rather than impose fines for every identified case. The government has been instructed to prepare proposals to reduce bureaucratic procedures, lift excessive financial sanctions, and reduce exporter costs.
From January to June, Uzbekistan's economy grew by 8.5%, exports reached $14.4 billion, and international rating agencies upgraded the country's sovereign credit rating.
Analytical Commentary
The president's initiative reflects Uzbekistan's transition to a more partnership-based model of interaction between the state and business. In recent years, the country has significantly improved its investment climate, but the large number of inspections, fines, and administrative procedures remains a factor hindering private sector development.
Easing regulatory policies is especially important for export-oriented companies, which must compete in foreign markets amid rising transportation and production costs.
High economic growth rates—8.5% in the first half of the year—confirm the effectiveness of the reforms being implemented. However, the president's goal of achieving 9-10% annual economic growth will require further liberalization of the business environment, increased labor productivity, and expanded private investment.
At the same time, the authorities are striving to strengthen macroeconomic stability, enhance the competitiveness of domestic producers, and maintain the country's attractiveness to foreign investors.
CentralasianLIGHT.org
July 22, 2026