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Economy 22/01/2009 Uzbek government supports exporters
Cabinet of Ministers
Tashkent, Uzbekistan (UzDaily.com) -- Government of Uzbekistan ordered commercial banks to restructure credit debts to enterprises, which export over 30% of their products, due to unfavorable price conditions in the world markets.

The government entrusted National Commission on realization of insolvent enterprises to commercial banks to consider appeals of exporters on restructure of debt on credits of the commercial banks.

Enterprises, realizing investment project on modernization of the capacity at the cost of over US$500,000 and having financial plan on decreasing cost price at least for 20%, can restructure their debts.

The government also will restructure debts of exporters on budget and off-budget payments, electricity, gas and communal services as of 1 January 2009.

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