THE PROGRESS AND CHALLENGES FOR CREATING GENUINE COMPETITIVE ENVIRONMENT IN UZBEKISTAN
Uzbekistan is still living transition period to shift from centrally planned economy legacy to a full-fledged market economy.
Since late 2016, new leadership of the country has pursued an unflinching willingness to remove old paradigms in order to create New Uzbekistan.
In the economic sector, these reforms primarily comprise the flexibility of the exchange rate, a comprehensive tax reform and the liberalization of foreign trade. Uzbekistan’s economy is transforming from a closed, state-centred economic model to an open market economy.