Published October 10, 2024
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INSURANCE FOR THE DEVELOPMENT OF SMALL BUSINESS AND PRIVATE ENTREPRENEURSHIP IN UZBEKISTAN
- 1. Teacher of the Department of accounting of the Institute of International school of finance technology and science
Description
By 2030, Uzbekistan set an ambitious goal to become an upper-middle-income nation, putting special emphasis on developing a sizable and stable middle-class socioeconomic stratum. The present reforms in Uzbekistan predominantly target the development of small enterprises and private entrepreneurship (SME) as SMEs have the greatest potential for creating a true base for forming a middle class. In addition to outlining the evidence for the SME's social and economic value, this article also addresses the current state of SME policy and its future prospects in Uzbekistan.
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References
- 1. ADB Sector Assessment https://www.adb.org/sites/default/files/linked-documents/42007-014-ssa.pdf (accessed 26 September 2018.
- 2. The definition of small business is stipulated in Article 5 of Law N 69-II, enacted on 25 May 2000 and amended on 2 May 2012, which states that small business includes individual entrepreneurs, microfirms, and small e (Government of Uzbekistan. 2000. The Law of the Republic of Uzbekistan N 69-II on Guarantees for Freedom of Entrepreneurial Activity. Tashkent; Government of Uzbekistan. 2012. Presidential Decree No. 328 on Measures for Further Improvement of the Business Environment and to Provide Greater Freedom of Entrepreneurship. Tashkent). https://mineconomy.uz/ files/prilojenie_1.pdf.
- 3. https://regulation.gov.uz/ru/document/639.
- 4. Draft President Resolution "On measures to further stimulate the expansion of small businesses and private entrepreneurship in order to create competitive companies." See at: https://regulation.gov.uz/uz/ document/639 (accessed 26 September 2018).
- 5. Kuvvatov G. Methods for evaluating the effectiveness of use financial resources of the enterprise //Экономика и социум. – 2021. – №. 9 (88). – С. 101-104.