'Uzbekistan: From Privatization to a Leap for 30 Years Ahead' | Review.uz/en - Economic Review
"Uzbekistan: From Privatization to a Leap for 30 Years Ahead" - Forbes assessment of reforms in the country
Previously, the government kept the economy under control in the Soviet style, there was not even a currency conversion. All this changed with the arrival of the new President Sh.M. Mirziyev in 2016. Taxes have been reduced. A new liberal exchange rate regime was established.
With the "Uzbek model", Sh. Mirziyoyev opened the country to the whole world.
The digital and IT infrastructure of Uzbekistan currently accounts for only 2.2% of the economy. It is expected to reach 10% by 2030. London-based Sturgeon Capital was one of the few to see the opportunity in Uzbekistan. They set up a venture capital fund, invested $10 million in six local tech companies, and two more are in development.
Even the state-owned cotton industry, a strategic sector of Uzbekistan's economy is undergoing market reforms.
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