The government of Uzbekistan has announced a new phase of economic reforms aimed at simplifying the tax system, privatizing state-owned enterprises, and attracting foreign investment. The program is part of a broader strategy to modernize the economy.

President Shavkat Mirziyoyev stated that the reforms are designed to improve living standards and accelerate economic growth. “We must remove all obstacles to create a competitive economy,” he said.

Experts have welcomed the measures but caution that implementation may face challenges, including bureaucratic hurdles and corruption. The success of the reforms will depend on the government's ability to address these issues.

The first results are expected by the end of 2025. The government aims to maintain GDP growth above 6%.

Source: www.bbc.com