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Beenu Sharma Pooja Mahamna Prabhav Azad Rama Pruthi Sanjeet Kumar Suman Tanuj Shukla UZBEKISTAN
Country Economic Profile ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Administrative Barriers ,[object Object]
Main Administrative Barriers in Uzbekistan ,[object Object],[object Object],[object Object],[object Object],[object Object]
High Tax Rates and Inefficient Tax Administration
Less Access to External Finance
Voluminous and confusing licensing and permit system
Corruption and Informality
Trade across Borders Indicator of Trade Across Borders Indicator Import Export Number of Documents 11 7 Time (Days) 104 80 Cost (US$ per Container) 4600 3100
How different firms face the barriers
Where Uzbekistan ranks on the ease of doing Business
Recent Reforms in Uzbekistan ,[object Object],[object Object],[object Object]
Corporate Governance ,[object Object],[object Object],[object Object],[object Object],[object Object]
Corporate Governance in Uzbekistan ,[object Object],[object Object]
Different aspects of Corporate Governance law - Uzbekistan
Progresses and Shortcomings ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Comparison of Extensiveness and Effectiveness
[object Object],[object Object],[object Object],[object Object],[object Object],RSE Tashkent
Pie  Indicates share of Sectors in Securities market for 2008-09 transactions. To the right is the trend of Market turnover in Mn SOUM
[object Object],[object Object],[object Object],Regulatory Framework
16 years of establishment & Low Pace. ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Laws & Regulations for Foreign Investors
Resolution of parliament :Securities infrastructures
[object Object],[object Object],[object Object],Partnering IMF: Move & Signal
[object Object],[object Object],[object Object],[object Object],Exchange Laws for Foreign Investors
 
 
Broad Money Ratios
 
[object Object],[object Object],[object Object],[object Object],Role of Central Bank of Uzbekistan
[object Object],[object Object],[object Object],[object Object],[object Object],Currency Convertibility & Flow
Currency Convertibility Flaws ,[object Object],[object Object],[object Object],[object Object]
COMPETITION LAWS
The K-Quotient ,[object Object],[object Object],[object Object],[object Object]
Monopolistic Activity ,[object Object],[object Object],[object Object],[object Object]
Threats Posed by Monopoly   ,[object Object],[object Object],[object Object],[object Object]
State Antimonopoly Body ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Violation of Antimonopoly Legislation ,[object Object],[object Object],[object Object],[object Object]
IPR Intellectual Property Rights
W’s of IPR ,[object Object],[object Object],[object Object]
IPR in Uzbekistan ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Reality Check ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Recommendations ,[object Object],[object Object],[object Object],[object Object],[object Object]
Competition Laws & IPR ,[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Taxation of land
Key Issues on Establishment of of SEZs in Uzbekistan  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
    Critical Evaluation of Proposed SEZ Sites in Uzbekistan ,[object Object],[object Object],[object Object]
       Institutional Arrangements for Establishing SEZs in Uzbekistan ,[object Object],[object Object],[object Object],[object Object]
“ Law on Special Economic Zone” : a dead letter ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Overview of labor force in Uzbekistan Parameters Uzbekistan Region All countries % of Firms Offering Formal Training 9.63 34.96 34.84 Average Number of Seasonal/Temporary, Full-Time Employees 3.40 5.69 15.21 Average Number of Permanent, Full Time Employees 23.60 43.95 61.37 % of Firms Identifying Labor Regulations as a Major Constraint 11.76 9.74 11.93 Parameters Uzbekistan World Labor force (in millions) 15.37 37 Unemployment rate ( in %) 1 0.8
DESCRIPTION OF THE LABOR SCENE ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
  LABOR LAW AND SYSTEM ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Ratified ILO Conventions on Forced Labor ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
LABOR STANDARDS AND WORKER RIGHTS ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Difficulties that employers face in hiring and firing workers (values between 0 and 100, with higher values representing more rigid regulations)  Indicator Uzbekistan Eastern europe & Central Asia OECD average Difficulty of hiring index (0-100) 33 31.9 26.5 Rigidity of hours index (0-100) 33 29.9 30.1 Difficulty of redundancy index (0-100) 30 25.9 22.6 Rigidity of employment index (0-100) 32 29.2 26.4 Redundancy costs (weeks of salary) 22 27.8 26.6
Labor  migration has had many positive outcomes for Uzbekistan ,[object Object],[object Object],[object Object],[object Object],[object Object]
Overview of Innovation and Technology in Uzbekistan Parameters Uzbekistan OECD region All Countries % of Firms With Internationally-Recognized Quality Certification 1.33 19.91 15.43 % of Firms with Annual Financial Statement Reviewed by External Auditor 25.85 37.92 46.78 % of Firms Using Technology Licensed from Foreign Companies 10.52 21.65 14.76 % of Firms using its Own Website 6.56 48.47 34.89
Recent Technologies in Uzbekistan ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
ICT in Uzbekistan Includes: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
2.POWER SECTOR ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Possible ways of overcoming the above barriers ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
OPPORTUNITIES ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
CONCLUSIONS ,[object Object],[object Object],[object Object]
INSURANCE ,[object Object],[object Object],[object Object]
BACKGROUND ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
STRUCTURE ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
  REQUIREMENTS FOR INSURANCE COMPANIES  ,[object Object],[object Object],[object Object],[object Object]
Top ten insurance companies of Uzbekistan  Company Market Share, % "Uzbekinvest" 22.32 "UzAgroSugurta" 18.18 UVT Inshurans 12.94 Standard Insurance Group 12.86 "Kafolat" 6.61 ALSKOM 3.04 Asia Inshurans 2.80 UzAIG 2.76 Alfa Invest 1.94 UzbekInvest Hayot 1.78
CONCLUSIONS ,[object Object],[object Object],[object Object]
TAXATION ,[object Object],[object Object],[object Object]
TAX STRUCTURE ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
  Types of Taxes established  in the Tax Code of Uzbekistan ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Main taxes affecting foreign investors ,[object Object],[object Object],[object Object],[object Object],[object Object]
TAX STATS ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
  EDUCATION
Bird’s Eye View.. ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
EDUCATION in NUMBERS ,[object Object],[object Object],[object Object],Indicator Units 2000 2001 2002 2003 2004 2005 2006 2007 Expenditure on Education As % of GDP 9.6 8.8 9.1 8.6 8.5 8.8 8.8 8.9 Indicator Units 2000 2001 2002 2003 2004 2005 2006 2007 Teachers of Pre-school education persons 64,123 65,624 65,762 63,704 62,246 60,978 60,642 --- Faculty of vocational colleges: with higher education persons 8,346 16,275 19,884 28,885 45,625 50,395 56,429 ---- Education: Research Staff persons --- 24,677 26,294 25,904 25,556 --- --- --- Indicator Units 2000 2001 2002 2003 2004 2005 2006 2007 Pre-school institutions: children enrolled ‘ 000 persons 624.6 642.5 631.1 591.7 575.1 565.6 562.2 571.2 General Education  enrollment ‘ 000 persons 6,037.4 6,076.4 6,329.1 6,263.1 6,151.4 5,961.3 5,715.1 ---- Secondary Special and Vocational: Students Enrolled '000 persons 324.1 446.1 546 684 788.1 890.6 1,075 --- Higher Education : Students Enrolled '000 persons 183.6 207.2 232.3 254.4 263.6 278.7 286.3 --- Post-graduate Admissions Number of persons --- 873 810 699 576 --- --- ---
Problems  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
IMPACTS
Education Industry ,[object Object]
HEALTHCARE
Health Status ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Morbidity 1995  2000  2002  2003  2004 New cases per 10000 population 493655 413608 448335 464183 475836 Maternal Deaths 2000 2004 2005 Per 100000 live births 33.1 30.2 29.2 SDR 2000 2004 2005 Per 100000 population 1,189.5 1,078.8  1,149.2
Health Care Services ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Indicator Unit 2000 2001 2002 2003 2004 2005 2006 Hospitals At the end of the year 1,162 1,159 1,174 1,173 1,165 1,149 1,150 Hospital Beds Per ‘10000 population 55.9 55.8 57.8 57.4 54.9 54.1 53.9 Doctors ‘ 000 persons 2,139 1,989 1,948 2,208 2,631 2,876 2,998 General Practitioners per 10 000 population 7.8 8.6 8.6 8.1 7.9 7.5 7.4 Midwives per 10 000 women at the fertility age 5.2 5.2 5 4.9 4.7 4.6 4.4
Opportunities-Challenges and WHO Assistance ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Development of Private Health Care ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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Uzbekistan Analysis

  • 1. Beenu Sharma Pooja Mahamna Prabhav Azad Rama Pruthi Sanjeet Kumar Suman Tanuj Shukla UZBEKISTAN
  • 2.
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  • 5. High Tax Rates and Inefficient Tax Administration
  • 6. Less Access to External Finance
  • 7. Voluminous and confusing licensing and permit system
  • 9. Trade across Borders Indicator of Trade Across Borders Indicator Import Export Number of Documents 11 7 Time (Days) 104 80 Cost (US$ per Container) 4600 3100
  • 10. How different firms face the barriers
  • 11. Where Uzbekistan ranks on the ease of doing Business
  • 12.
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  • 15. Different aspects of Corporate Governance law - Uzbekistan
  • 16.
  • 17. Comparison of Extensiveness and Effectiveness
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  • 19. Pie Indicates share of Sectors in Securities market for 2008-09 transactions. To the right is the trend of Market turnover in Mn SOUM
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  • 23. Resolution of parliament :Securities infrastructures
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  • 51. Overview of labor force in Uzbekistan Parameters Uzbekistan Region All countries % of Firms Offering Formal Training 9.63 34.96 34.84 Average Number of Seasonal/Temporary, Full-Time Employees 3.40 5.69 15.21 Average Number of Permanent, Full Time Employees 23.60 43.95 61.37 % of Firms Identifying Labor Regulations as a Major Constraint 11.76 9.74 11.93 Parameters Uzbekistan World Labor force (in millions) 15.37 37 Unemployment rate ( in %) 1 0.8
  • 52.
  • 53.
  • 54.
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  • 56. Difficulties that employers face in hiring and firing workers (values between 0 and 100, with higher values representing more rigid regulations) Indicator Uzbekistan Eastern europe & Central Asia OECD average Difficulty of hiring index (0-100) 33 31.9 26.5 Rigidity of hours index (0-100) 33 29.9 30.1 Difficulty of redundancy index (0-100) 30 25.9 22.6 Rigidity of employment index (0-100) 32 29.2 26.4 Redundancy costs (weeks of salary) 22 27.8 26.6
  • 57.
  • 58. Overview of Innovation and Technology in Uzbekistan Parameters Uzbekistan OECD region All Countries % of Firms With Internationally-Recognized Quality Certification 1.33 19.91 15.43 % of Firms with Annual Financial Statement Reviewed by External Auditor 25.85 37.92 46.78 % of Firms Using Technology Licensed from Foreign Companies 10.52 21.65 14.76 % of Firms using its Own Website 6.56 48.47 34.89
  • 59.
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  • 69. Top ten insurance companies of Uzbekistan Company Market Share, % "Uzbekinvest" 22.32 "UzAgroSugurta" 18.18 UVT Inshurans 12.94 Standard Insurance Group 12.86 "Kafolat" 6.61 ALSKOM 3.04 Asia Inshurans 2.80 UzAIG 2.76 Alfa Invest 1.94 UzbekInvest Hayot 1.78
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Editor's Notes

  1. Thr develpo