OREANDA-NEWS. November 23, 2011. With a view of elucidating Decree of President of Uzbekistan Islam Karimov on "Additional measures on creation of maximum favorable business environment for further developing small businesses and private entrepreneurship" and Resolution on "Measures for elimination of bureaucratic barriers and further enhancement of entrepreneurial freedom", "Andijan" branch of POJSEB "Trustbank" has organized seminar "Incentives for entrepreneurs, favorable environment for businessmen", reported the press-centre of Trustbank.

Representatives of small business and private entrepreneurs, officials and specialists from regional administration of Central Bank of the Republic of Uzbekistan, as well as specialists from municipal administration of the city of Andijan, responsible for the development of small business sector, took participation in this seminar. While talking about proving comprehensive financial assistance to small business entities and private entrepreneurs, head of "Andijan" branch of POJSEB "Trustbank" Mr. Shakhrukh Mamurov has pointed out that "Andijan" branch was opened 11 months ago.

He noted that providing financial assistance to entrepreneurs is one of the main priorities of the bank’s activities: in particular, during this short period of time the bank has lent microcredits to small business entities in the total amount of 31,0 mln. UZS and to enterprises engaged in the catering and services sphere in the total amount of 676,0 mln. UZS. Entrepreneurs, who took part in this seminar, mentioned that due to the Decree of President of Uzbekistan a lot of issues have been resolved, in particular the Guarantee Fund for Entrepreneurship Development was established: this Fund will provide small business and entrepreneurship entities with necessary funds to ensure commercial banks' loans granted on the purchase of modern equipment not covered by collateral. At the end of seminar specialists answered all the questions of entrepreneurs and representatives of local mass media.

Discussion of measures, undertaken in the framework of the Decree of President of Uzbekistan Islam Karimov on "Additional measures on creation of maximum favorable business environment for further developing small businesses and private entrepreneurship" and Resolution on "Measures for elimination of bureaucratic barriers and further enhancement of entrepreneurial freedom", has also become the main theme of the seminar, which was organized by "Namangan" branch of POJSEB "Trustbank". Mr. Adkham Shodmonov, head of "Namangan" branch of POJSEB "Trustbank", said that results of clients’ survey demonstrate positive rating of current status of business climate and forthcoming changes.

Mr. Shodmonov also noted that crediting of small business entities is one of the top direction of bank’s activity, especially entrepreneurs engaged in production. As of October 1, 2011 volume of loans and leasing services rendered by bank made 2 750, 7 mln. UZS. During the seminar representatives of small business and private entrepreneurs have received consultations from specialists of regional administration of Central Bank of the Republic of Uzbekistan, as well as specialists from municipal administration of the city of Namangan and "Namangan" branch of POJSEB "Trustbank".