Uzbekistan ranked 69th in World Bank's "Doing Business" ranking
Uzbekistan was placed 69th in the Doing business ranking among 190 countries of the world, scoring 69.9 points out of 100. Since last year, the country has risen from 76th place to 7 positions up. Together with four other countries in the Europe and Central Asia region, including Tajikistan, Azerbaijan, Kyrgyzstan and Kosovo, Uzbekistan is now among 20 countries that made the most progress in improving the business climate.
Uzbekistan was placed 69th in the Doing business ranking among 190 countries of the world, scoring 69.9 points out of 100. Since last year, the country has risen from 76th place to 7 positions up. Together with four other countries in the Europe and Central Asia region, including Tajikistan, Azerbaijan, Kyrgyzstan and Kosovo, Uzbekistan is now among 20 countries that made the most progress in improving the business climate.
The key reforms in this area are:
- strengthening the protection of minority investors by expanding the rights and role of shareholders in key corporate decisions, clarifying ownership and control structures, and increasing corporate transparency;
- simplification of taxation by combining the tax on the development of social infrastructure with the income tax;
- facilitation of international trade by introducing a risk-based customs verification mechanism and easing import document requirements;
- simplification of contract enforcement through the adoption of a law on voluntary mediation, as well as the creation of financial incentives to encourage parties to resort to the settlement of disputes through mediation.
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