Business

The funds were channeled to a variety of investment projects and to support the real economy.

The measures directed at the modernization of capacities and establishment of production of new goods have been underway in the domestic industry, making a positive effect on the competitiveness of the national economy in an open market. Cooperation among enterprises of the real economy and small businesses remains as the key mechanism to achieve these objectives, as it was noted by participants of the International Industrial Fair and Cooperation Exchange (IIFCE) that wrapped up recently in the capital Tashkent.

Productive forces are the combination of the mean of production with human labour power aimed at creating material wealth and other values. They are treated also as the individual (human) and material factors interrelated and interacting in creative process. They characterize "image", aspect of one or another economic system, determine power of the state. Therefore the level of development of productive forces is considered to be the most important estimative criterion of economy development level and an indicator of social progress.

International fruit and vegetable fair kicks off at UzExpoCentre The fair, organized in line with the resolution of the First President of our country Islam Karimov on measures to organize and conduct annual International fruit and vegetable fair by Uzbekoziqovqatholding, Uzvinosanoat-holding, Uzbekoziqovqatzahira holding companies, Uzagroexport foreign trade company and Xalqaro meva-savzavot yarmarkasi direksiyasi LLC, is attended by domestic companies, specialized in growing, processing and export of fruit and vegetable products.

Thanks to the profound structural changes carried out in national economy, implementation of large-scale programs the basis for development of new industries is created. Thus, the food industry was really formed in days of independence, having turned into a high-tech industry. And as result scopes of supply to the population of quality consumer goods increase year by year, food security of the republic is being ensured.

Current economic conditions pose new challenges to developing countries. The global economy has made the world open to goods from any country, with quality and efficiency as criteria for passing.

Interim President of the Republic of Uzbekistan Prime Minister Shavkat Mirziyoyev met with President of the Islamic Development Bank (IDB) Bandar Hajjar on October 18.

On October 24-31, Tashkent will host the country’s largest exhibition event - the 10th International Industrial Fair and Cooperation Exchange.

The fair, included into the list of the most significant events of the International cotton advisory committee, is one the prestigious forums, determining the policy of cotton market in a world scale.

Leasing increasingly ranks among the most effective mechanisms for retooling of agricultural sector and providing farmers with modern technologies. Experts see it as a potential mechanism for significant enhancement of efficiency of agriculture in the coming years.