OREANDA-NEWS. February 03, 2009. Bukhara region khokimiyat hosted the round table on "Monitoring the effectiveness of regional programs of privatization and investment: the legal and economic aspects", organized by the Committee of the Senate of the Oliy Majlis on budget and economic reforms.

As noted in the speech by the President of Uzbekistan Islam Karimov at the meeting of the Cabinet of Ministers on 8 February 2008 on the basis of socio-economic development of the country in 2007 and the most important priorities of deepening economic reforms in 2008, more than 700 new enterprises with the participation of foreign investment were founded in 2007.

It is worth to note that joint ventures are established, primarily in high-tech industries such as light industry, food processing, electrical, chemical and petrochemical industry, machinery, manufacturing of construction materials, telecommunications and information technologies.

Today, the proportion of enterprises with foreign investment account for one third of the country’s foreign trade, and exports of their products has increased over the past year by 62 percent.

For example, the results of the regional programs of privatization and investment in Bukhara region in 2008 indicate that foreign investment of 256 billion sums was attracted.
 
Participants of the round table made suggestions for changes and additions to the relevant legislation in order to attract more private foreign direct investment for the implementation of privatization programs.

During the discussions, the participants of round table made a number of proposals and the recommendations for monitoring the effectiveness of regional programs of privatization and investment.

Senators, Deputies of Kengash People’s Councils of the Bukhara region, representatives of the Ministries of Finance, Economy, Justice, Foreign Economic Relations, Investments and Trade, the State Tax Committee, the State Property Committee, the State Statistics Committee, the Central Bank, Chamber of Commerce of Uzbekistan, the media, as well as academicians, potential investors and business owners attended the round table.