Shavkat Mirziyoyev. Photo: Press service of the President of Uzbekistan
President of Uzbekistan Shavkat Mirziyoyev announced that it is time to consolidate all regulations governing investor activity into a single document — the Investment Code of the republic. The initiative was voiced during his annual meeting with entrepreneurs, his press secretary Sherzod Asadov reported.
Mirziyoyev stressed that business thrives and an attractive investment climate emerges only where the rule of law prevails. According to him, Uzbekistan now has a class of entrepreneurs actively investing in projects and making a significant contribution to the growth of the economy and various industries. Alongside traditional investments, modern tools such as venture funds, bonds, crowdfunding, and startups are increasingly being used.
The president noted that hundreds of documents currently regulate business relations, protect investors’ rights, and create favorable conditions for them.
“It is time to consolidate all these acts into an Investment Code. It will streamline all rules, guarantees, and procedures in the field of investment and help stimulate them,” Mirziyoyev said.
He highlighted the active role of the Entrepreneurs’ Council and proposed that parliament work closely with it in drafting the new code.
The head of state outlined several reforms aimed at strengthening the protection of business interests. Based on international practice, Uzbekistan is introducing the “astreinte” system, under which a court decision specifies the debtor’s obligation to pay a fine for each day of delay in compensating damages.
In addition, entrepreneurs will be allowed to file cases with economic and administrative courts on a non-territorial basis. This approach is expected to speed up case resolutions, as proceedings often drag on, causing losses for businesses.
“At the heart of all our reforms lie, above all, the value of the individual and the interests of entrepreneurs. Therefore, we will continue pursuing a policy of ensuring judicial independence. Today’s businessperson is not the same as yesterday’s — their legal literacy has increased, as reflected in the growing number of cases brought to court,” the president concluded.
He emphasized that the government, together with entrepreneurs, is building a New Uzbekistan with a strong economy, competitive industry, stable financial system, and sectors attractive to investors.
The figures speak for themselves: since 2017, Uzbekistan has attracted $230 billion in investments, of which $120 billion were foreign.
“This figure once seemed unimaginable. But we have managed to achieve such results,” Mirziyoyev said.
The president added that despite the global crisis caused by international conflicts and tensions, Uzbekistan has achieved notable successes. In the first half of 2025 alone, the country’s economy grew by 7.2 percent, he concluded.
