338.242 INVESTMENT PROCESS IN THE REPUBLIC OF UZBEKISTAN

Abstract

Objective. This article is devoted to the state program «Strategy of actions in five priority areas of development of the Republic of Uzbekistan in 2017-2021» and «The New Uzbekistan’s Development Strategy» developed and implemented at the initiative of the President of the Republic of Uzbekistan Sh.Mirziyoyev. That these state programs are aimed at the timely and effective solution of pressing issues, as well as its impact on the growth rate of the country's economy, including the issues of attracting foreign investment in the economy of the republic.

Мethods. For a comprehensive consideration and obtaining objective results, this article uses the methods of system analysis, complex analysis, comparison, decomposition of problems and goals.

Results. Based on a systematic analysis of the data, it was revealed that bureaucratic barriers and obstacles in working with investors, especially in the field, consisting in the lack of proper support from khokimiyats of all levels of investor initiatives, clear coordination of the work of ministries and departments in this direction, hinders the strengthening of confidence in the consistency of state policies to create a favorable investment climate. In this regard, the creation in the country of the most favorable investment climate for foreign investors should be guaranteed by legal measures. Along with this, the article indicates the main directions for attracting foreign capital at the present stage of the country's economic development.

Conclusion. A systemic relationship is shown - an effective investment policy developed on the basis of the specifics of the country and the problems that hinder foreign investment. The main tasks are given, the implementation of which will create not only jobs, but also relieve economic tension and, of course, save significant financial and material resources. Attention is focused on the issues of the state economic program - «Strategy of action in five priority areas of development of the Republic of Uzbekistan in 2017 - 2021» and the logical continuation of this program «The New Uzbekistan’s Development Strategy».