A course of the new Uzbek leadership is firmly aimed at
improving the country's economic performance and attraction of
foreign investment. Although cooperation with the neighboring
countries and Russia seems to be prioritized, the government is
keen to develop relationship with major financial institutions
(EBRD and others) and partners from far abroad. There have been a
number of measures taken since the beginning of the year for
improving the investment climate within the country that are
briefly described below:
New governmental agency. The State Committee on Investments has
been established and has been vested with some powers of the
Ministry for Foreign Relations, Investments, and Trade, the
Ministry of Finance, and the state owned company
"Uzbekexpertiza" (the main state agency responsible for
certification and examination of imported goods and equipment).
Such powers include general coordination of investment policy,
development of related regulation,
