Today, the intellectual youth of New Uzbekistan demonstrates their potential in various fields to the entire world community. Indeed, our state is moving to a new stage of development. Large-scale reforms help strengthen cooperation and create stability not only within the country, but throughout the region.
The Armed Forces of the Republic of Uzbekistan stand as a steadfast pillar supporting our independence and statehood, safeguarding our nation's territorial integrity, and ensuring our people's tranquil existence. Those dedicated to this cause play a pivotal role in instilling a love for the Motherland within the younger generation.
Practical experience demonstrates that businesses exhibit accelerated and more efficient operations when characterized by low costs and high income. These attributes align predominantly with the service sector, encompassing domains such as transport, banking and finance, consumer services, construction, tourism, trade, and others.
Presently, Uzbekistan boasts one of the largest and steadily advancing economies in the Central Asian region, showcasing active growth in recent years. As of 2021, the GDP reached $397 billion, securing the 62nd position globally.
In the realm of domestic labor, the year 2023 marked a significant milestone as of April 30 when an updated labor code, emphasizing the equilibrium of interests among workers, employers, and the state, came into effect in the republic.
In early January, the President of Uzbekistan reviewed the progress made in 2023 and outlined plans for 2024 regarding the implementation of investment policies and the promotion of renewable energy sources.
In Uzbekistan, significant strides have been taken over the past five years to fortify private property rights and bolster their legal protection. The commitment to prioritizing private property is evident through the adoption of various laws, culminating in the "Development Strategy of New Uzbekistan for 2022-2026," a sequel to the Action Strategy.
