{"id":10148,"date":"2023-08-09T23:08:36","date_gmt":"2023-08-09T18:08:36","guid":{"rendered":"http:\/\/invest-in-uzbekistan.org\/?p=10148"},"modified":"2023-08-09T23:08:36","modified_gmt":"2023-08-09T18:08:36","slug":"v-karakalpakstane-poyavitsya-molodyozhnyj-tsentr-za-1-trln-sumov","status":"publish","type":"post","link":"https:\/\/invest-in-uzbekistan.org\/en\/novosti-uzbekistana\/v-karakalpakstane-poyavitsya-molodyozhnyj-tsentr-za-1-trln-sumov\/","title":{"rendered":"A youth center for 1 trillion soums will appear in Karakalpakstan"},"content":{"rendered":"<p><span style=\"font-size: 14pt;\"><strong>Shavkat Mirziyoyev signed a decree approving new support measures for businesses in Karakalpakstan, Spot <a href=\"https:\/\/www.spot.uz\/ru\/2023\/08\/09\/khojeily-center\/\">reports<\/a>. The document <a href=\"https:\/\/lex.uz\/ru\/pdfs\/6560024\">was published<\/a> on Lex.uz.<\/strong><\/span><\/p>\n<p><span style=\"font-size: 14pt;\">Due to soft loans, companies under the foundation of commercial banks will implement investment projects to expand local production with further sale to entrepreneurs. It is planned to attract <strong>$200 million<\/strong> from international organizations for this.<\/span><\/p>\n<blockquote>\n<p><span style=\"font-size: 14pt;\"><strong>$100 million<\/strong> of credit funds will be distributed from the Reconstruction and Development Fund through the NBU, Aloqabank and Uzpromstroybank. The money will be provided for 10 years, at a rate of 5% per annum on loans in foreign currency and 12% in soums.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-size: 14pt;\">From 2024, the Central Bank will allocate at least <strong>2 trillion soums<\/strong> for family business programs in Karakalpakstan. Loans up to 1,000 BRV (330 million soums) will be allocated to financially support new family businesses.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">It was instructed to create a Youth Socio-Economic Center in the Khojeyli district. It will include an IT park, a technology park, startup support groups, cultural and spiritual centers, libraries, a sports complex, as well as housing for employees and resident entrepreneurs.<\/span><\/p>\n<blockquote>\n<p><span style=\"font-size: 14pt;\"><strong>1 trillion soums<\/strong> will be provided for the construction of the complex. Residents of the center for the employment of unemployed youth will be provided with benefits for FEZ participants.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-size: 14pt;\">Entrepreneurs working in the Autonomous Republic will receive an increase in the size of the <strong>state guarantee<\/strong> for loans for their business projects. Guarantees will cover up to<strong> 75%<\/strong> of the loan amount, their maximum amount will be <strong>5 billion soums<\/strong>.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">When fulfilling investment obligations in small and youth industrial zones, entrepreneurs <strong>will be able to privatize<\/strong> the land and real estate allocated to them. Also, on a competitive basis, they will be provided with state-owned objects that were not sold at auctions.<\/span><\/p>\n<blockquote>\n<p><span style=\"font-size: 14pt;\">The Council of Ministers of Karakalpakstan in 2023-2024 will be able, by its decision, to provide investors with land for direct long-term lease. The condition is an investment of at least <strong>$1 million<\/strong> for a site in Nukus and <strong>$300,000<\/strong> in other areas.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-size: 14pt;\">In June, the president <a href=\"https:\/\/www.spot.uz\/ru\/2023\/06\/13\/karakalpak\/\">signed<\/a> a law with a previous package of measures for Karakalpak businesses. It was about reducing social tax rates to 1% and a number of other taxes &#8211; twice.<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>Shavkat Mirziyoyev signed a decree approving new support measures for businesses in Karakalpakstan, Spot reports. The document was published on Lex.uz. Due to soft loans, companies under the foundation of&#8230;<\/p>\n","protected":false},"author":1,"featured_media":10149,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-10148","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-novosti-uzbekistana"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/posts\/10148","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/comments?post=10148"}],"version-history":[{"count":1,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/posts\/10148\/revisions"}],"predecessor-version":[{"id":10150,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/posts\/10148\/revisions\/10150"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/media\/10149"}],"wp:attachment":[{"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/media?parent=10148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/categories?post=10148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/tags?post=10148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}