A completely new political, socio-economic, scientific-educational and cultural, universal environment has appeared in our country in a short period of time. In particular, according to the assessment of the International Monetary Fund and authoritative rating agencies, Uzbekistan is among the few countries in the world achieving financial and economic stability, restoration of production sectors and increasing economic activity in the current extremely difficult and complex conditions.
Consequently, as our President said in his congratulation ceremony dedicated to the thirtieth anniversary of our country’s independence, the structural reforms in our economy and the main macroeconomic indicators are growing regularly. In particular, in 2017-2020, the rate of economic growth of our country was 18.3 percent, and the gross domestic product reached 60 billion dollars.
Speaking about this, the foreign trade turnover increased from 24 billion dollars in 2016 to 36 billion dollars in 2020, the production of industrial products amounted to 369 trillion soums, an increase of 23.4% compared to 2016, as a result, the share of industrial products in the gross domestic product increased from 19.5% to 27%. increased by .4 percent.
In addition, it was emphasized in the congratulation that as a result of the liberalization of the economic sector, including customs procedures, the volume of exports in 2020 amounted to 15.1 billion dollars, which increased by 25% compared to 2016, and was recognized in various international ratings, which creates an opportunity for Uzbekistan to enter the world financial markets.
Indeed, this year, state Eurobonds worth 635 million dollars and 2.5 trillion soums, mortgage bank’s 785 billion soums and corporate bonds of Uzavtomotors joint-stock company worth 300 million dollars were sold to foreign investors. As a result, Provard managed to increase the confidence of investors in the economy of our country.
Only in the last 3 years, a new tax system was introduced, the number of taxes was significantly reduced, and the taxes on working capital were abolished, which pleased every entrepreneur and contributed to the significant development of their activities. In this process, the rate of value added tax was reduced from 20% to 15%, and the creation of a comprehensive system of this tax chain is being recognized with pleasure not only by experts, but also by entrepreneurs, which shows that the President pays special attention to entrepreneurs in our country.
The legal basis for the free activity of entrepreneurs will prove effective in the future and create thousands of new jobs. Another important step in this field was the adoption of 16 laws and more than 100 decisions on the initiative of the President to liberalize business activity. Over the past year, the procedure for issuing licenses and permits has been simplified. In addition, the terms of their issuance were shortened, and a moratorium was announced for any inspections in order to protect the rights of entrepreneurs.
Uzbekistan has risen from 141st place to 69th place in the World Bank’s international ranking of “Doing Business” due to the growing confidence in the vast opportunities created by the President for the business sector in a peaceful and peaceful country. In this regard, “Of course, this is a serious indicator, it does not satisfy us. Therefore, we will consistently continue our work in this direction, – said the President during the celebration of the 30th anniversary of our independence. – As you know, we recently held a meeting with entrepreneurs in a new format. More than 10,000 businessmen of our country took part in it. More than 15,000 proposals and initiatives were carefully studied as part of the preparation for the open dialogue, and practical measures were determined on the issues raised by entrepreneurs.
We will continue to create all the conditions for entrepreneurs to introduce real market relations in our national economy and develop our country on this basis. Why, the entrepreneur is the main support and locomotive of the economy and our reforms. No one should forget this fact.”
The President of the Republic of Uzbekistan focused on the issues of education and youth, and emphasized the importance of educating our children as well-rounded people, for this, the fundamental improvement of the training of highly qualified pedagogues.
Today, our reforms and the demands of the times, besides, life itself, require rapid development of the field of higher education. Therefore, in the last 5 years, 64 new higher education institutions were established in our country, their number was 141, and admission quotas were increased 3 times. The rate of enrollment of young graduates in higher education has increased from 9% in 2016 to 28%. In the future, this indicator is expected to reach 50-60 percent.
The high attention paid to the development of education by our state, the significant investments allocated are bearing fruit, and the national pride and patriotism of our youth are growing. All these works are carried out on the basis of the noble slogan “Let’s live freely and prosperously in the new Uzbekistan!”
At the moment, our sons and daughters born in the years of independence – “Peers of Independence” are turning 30 years old, they are physically healthy, they are growing up with a new and independent thinking, responsible, initiative, patriotic spirit and actively participate in competitions in various fields on world arenas with patriotic fervor. is returning to achieve high goals.
In particular, we are all equally proud that our talented young athletes won the XXXII Summer Olympic Games held recently in Japan. Among them, Asila and Guljanoy Barchinoy, students of the Faculty of Corporate Management of the Tashkent State University of Economics, won the award as a follower.
Another aspect mentioned in the speeches of the President is that the effective use of economic diplomacy tools has a positive effect on the export and investment flow of the republic. In particular, great attention is paid to supporting our compatriots abroad and effective cooperation with them.
They are involved in socio-economic processes in our republic. Recently, the public fund “Compatriots” was established, which deals directly with such important tasks. In this regard, Tashkent State University of Economics is also planned to implement a number of cooperation activities.
Kongratbay Sharipov,
Rector of Tashkent State University of Economics,
Doctor of technical sciences, professor