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Uzbekistan: New Law Promises No-Fear Investment Climate

President Islam Karimov has signed a law that promises to do something new in Uzbekistan: “On the defense of private property and guarantee of the rights of owners.” 

“Every entrepreneur should know that he can without fear invest in his own business, expand production activities, increase production and generate income [...] keeping in mind that the government is guarding the legal rights of the property owner,” Karimov said two years ago when proposing the law.  

The new law, signed on September 24, even has a special section on the rights of foreign businesses in Uzbekistan. 

Try telling that to Russian mobile giant MTS. 

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Uzbekistan: New Law Promises No-Fear Investment Climate

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