The government of Uzbekistan has announced a new set of economic reforms aimed at enhancing the country's competitiveness in the global market. These measures, including tax reductions and support for entrepreneurship, are expected to accelerate economic growth.

According to recent statements by President Shavkat Mirziyoyev, reforming the state sector and developing the private sector are among the top priorities. Specifically, the privatization of state-owned enterprises will be accelerated, and favorable conditions will be created to attract foreign investment.

Economists believe that these reforms could increase Uzbekistan's GDP by 6-7% by 2025. However, some experts point out that systemic issues and bureaucratic obstacles still hinder the implementation of reforms.

Additionally, the government plans extensive reforms in agriculture and energy. Projects are being developed to transition to renewable energy sources and improve the efficiency of water resource use.

Overall, the new economic reforms are expected to strengthen Uzbekistan's economic stability and improve the living standards of the population.

Source: uznews.uz