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NEWS AND EVENTS
August 31, 2012
On the ninth plenary meeting of the Senate of the Oliy Majlis of the Republic of Uzbekistan
The ninth plenary meeting of the Senate of the Oliy Majlis (Parliament) of the Republic of Uzbekistan opened on 30 August 2012 in Tashkent.

Invited members of the Cabinet of Ministers, heads of ministries and agencies, representatitves of press and television also attended the meeting. The meeting was presided by the Chairman of the Senate of the Oliy Majlis I.Sobirov.

Senators started the meeting with a review of the Law of the Republic of Uzbekistan “On adopting Concept of Foreign political activity of the Republic of Uzbekistan”, introduced by President of Uzbekistan as a legislative initiative.

Discussing the concept, the senators noted that the Concept of Foreign political activity of the Republic of Uzbekistan provides for a united system of , defining fundamental principles and strategic priorities of the foreign policy of the state, goals and tasks at the the international arena, mechanisms of promoting national interest of Uzbekistan in a medium and long-term prospect.

According to senators, adoption of this law will facilitate consolidation of independence and sovereignty of the country, to further strengthen the place and role of our country as a full subject of international relations, to become one of the most developed democratic states, to establish zones of security, stability and good neighborhood around Uzbekistan.

After detailed review, the law was endorsed by senators.

Furthermore, senators considered and approved laws, prepared within the framework of implementing Concept of further deepening democratic reforms and forming civil society of the country, expounded in the report of President Islam Karimov at the joint meetings of the chambers of the Oliy Majlis on 12 November 2010.

Among them- the Law of the Republic of Uzbekistan “On protection of private ownership and guaranteees of the ownership rights”, aimed at strengthening protection of private ownership, creation of a system of reliable guarantees of its inviolability, further strengthening guarantees of ownership rights.

On senators’ view, adoption of this law allows to create favorable conditions for effective functioning of private property in the economy, ensures stimulation of enterpreneural initiatives, as well as guarantees of enterpreneural activity of the owner in real life to add into his/her well-being, which serves as a basis for further developing market relations in the country.

Later senators examined the Law “On including amendments and additions to several legal acts of the Republic of Uzbekistan due to further reforms of the judicial-legal system”, developed in accordance with the Concept.

Senators also approved the law “On the establishment of the Mardlik Order” and a number of other laws.

The report of the chairman of board of the Central Bank of Uzbekistan on the activity of the Bank in 2011 was reviewed by senators during the first day of the plenary meeting.

Activity of the Central Bank in 2011 was directed at implementing the Law of the Republic of Uzbekistan “On Central Bank of the Republic of Uzbekistan” and unconditional fulfilment of task, defined by President of the Republic of Uzbekistan Islam Karimov at the meeting of the Cabinet of Minister on 21 January 2011 on the results of social-economic development of the country in 2010 and the most important priorities for 2011, Decree of the Senate of the Oliy Majlis of the Republic of Uzbekistan dated 27 August 2011 “On the report of the chairman of the board of the Central Bank of the Republic of Uzbekistan on activity of the Central Bank in 2010”, as well as joint decree of the Legislative Chamber and Senate of the Oliy Majlis dated 15 July 2011 “On the report of the Premier Minister of the Republic of Uzbekistan Sh.Mirziyoyev”.

In 2011 priorities of activity of the banking system of the country were to further deepen reforms, to increase effectiveness, sustainability and liquidity of the national banking system, to achieve rating indicators of leading international rating agencies. Macroeconomic stability was strengthened and the inflation level was kept within estimated parameters. On the results of 2011 the inflation level was 7,6%, total capital of commercial banks increased for 30,1%. Besides, adoption of measures to increase sustainability of banks allowed to raise banks’ assets for 32,4%.

Within the frameworks of “The year of small business and private enterpreneurship” State Program, the volume of credit to small businesses and private enterpreneurs increased 1,5 times comparing to 2010 and equaled 4,1 trln. soums, while microcredits amounted to 720 bln. soums, which is 1,5 times more than the previous year. These loans allowed to create more than 291 thousand jobs in the regions of the country. Bank deposits increased in comparison to 2010 for 36,3%. (Source: UzA news agency)


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