RESOLUTION OF THE CABINET OF MINISTERS OF THE REPUBLIC OF UZBEKISTAN

of June 8, 2009 No. 156

About additional measures for support of the export companies due to allocation of soft credits by commercial banks on replenishment of current assets

For the purpose of ensuring execution of Item 1.5 of the Program of measures for support of the companies of key branches of real production sector, to ensuring their stable work and increase in the export potential approved by the Presidential decree of the Republic of Uzbekistan of November 28, 2008 N UP-4058, and also additional stimulation of activities of the export companies due to allocation of soft credits by commercial banks on replenishment of current assets the Cabinet of Ministers decides assistance to employment increase of the population and creation of new workplaces:

1. Approve:

structure of Subgroup on consideration of appeals of the export companies on receipt of soft credits on replenishment of current assets at the expense of own and raised funds of commercial banks (further - Subgroup) according to the appendix N 1;

Provisional regulations for procedure for consideration of appeals of the export companies on receipt of soft credits on replenishment of current assets at the expense of own and raised funds of commercial banks according to the appendix N 2.

2. Determine the main objectives of Subgroup:

coordination of activities for allocation by commercial banks to the export companies of soft credits on replenishment of current assets at the expense of own and raised funds (except for the target funds allocated for increase in capitalization of banks according to acts of the President of the Republic of Uzbekistan);

rendering assistance to the export companies in receipt of soft credits of commercial banks on replenishment of current assets for commodity export implementation (works, services).

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