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Тhe Ways of Involving Investments Into Telecommunication Market in Uzbekistan International Scientific and Practical Conference “WORLD SCIENCE” ISSN 2413-1032 – vending machines. The Internet-show-window – is the advertising server rather. On a show-window spread information on goods which constantly update. Costs of its creation and administration can be quite low, and the practical advantage of such show-window is obvious. CONCLUSION Online stores – the lagging most behind segment of branch. If various thematic portals grow and develop, of the noticeable growth of Internet sales for the last years can brag unless www.torg.uz, however it is possible to call it a full-fledged platform of Internet trade only with great reserve. Certainly, there is also yarmarka.uz and elektronika.uz, and also korzinka.uz, but whether is small for the city with the three-million population, not to mention other territory of Uzbekistan REFERENCES 1. Decree of the President of the Republic of Uzbekistan №.1823 dated 23.07.97 "On measures on the reorganization and improvement of information systems management sphere." 2. Undp.org 3. www.websum.uz 4. Website http://press-service.uz 5. Website www.stat.uz 6. Website www.mitc.uz 7. Website www.e-gov.uz ТHE WAYS OF INVOLVING INVESTMENTS INTO TELECOMMUNICATION MARKET IN UZBEKISTAN 1Radjabov Ozod Sattorovich, 2Sayfiev J. N. Uzbekistan, Tashkent, Tashkent university of information technologies, 1Head of Research Department; 23rd year student of TUIT Abstract. The article provides structure of Uzbekistan telecommunication services market, the analyzing of telecommunication services market effectiveness and the benefits of developing telecommunication services market. Keywords: ICT, stability, telecommunication, integration, information technologies. The government of Uzbekistan («the government») regularly states that attracting foreign direct investment is a top priority, but in reality, it follows a very selective approach. The government generally welcomes investments that are in line with its import-substitution and export-oriented industrialization policy, and discourages investments in import-consuming sectors. In principle, existing legislation grants foreign direct investors a host of incentives on a case-by-case basis, including tax holidays, duty-free import of capital goods, and protection against expropriation. However, the requirements for obtaining these benefits are often ambiguous, the processes and procedures cumbersome, and the regulatory environment unpredictable. The lack of transparency and predictability has deterred many potential investors. Uzbek law provides a framework of rights and privileges for foreign investors, and calls upon the state to guarantee them. However, the legislation is ambiguous, contradictory and changeable. Some of these basic guaranteed rights, such as converting and repatriating profits and conducting business without government interference, are routinely violated by government actions. Difficulty in converting currency is cited by foreign firms as one of the greatest obstacles to normal investment operations. In principle, the judicial system upholds investor rights and the sanctity of contracts, and foreign investors often retain independent local counsel. The judiciary is not independent, however, and has favored state-owned or government-affiliated entities in commercial disputes. There have been a number of cases in which foreign companies were not able to enforce contracts with local partners. The government maintains controlling shares of key industries, including energy, telecommunications, airlines and mining, and controls investment and capital flows in the raw cotton 18 № 4(20), Vol.3, April 2017 http://ws-conference.com/ International Scientific and Practical Conference “WORLD SCIENCE” ISSN 2413-1032 market. The government also controls all silk sold in the country, dampening foreign investment in the textile and rug-weaving industries. Partial state ownership and influence are common in many sectors of the economy. The government has announced plans to privatize some mid-sized and large state- owned companies and banks but this has been slow to take hold. A foreign investor may participate in a variety of legal forms of business, from partnerships to joint-stock companies to wholly-owned enterprises. Businesses with foreign investment must register with both the Ministry of Justice and regional governor‟s office. Depending on the extent of foreign participation, a business may be considered an “enterprise with foreign capital” (less that 30% foreign- owned) or receive special status as an “enterprise with foreign investment” (more than 30%, with a minimum charter capital). Foreign companies may also maintain a physical presence in Uzbekistan as “permanent establishments” without registering if they do not conduct commercial activities and only have representative functions. A permanent establishment is not required to open a bank account or pay taxes. Uzbekistan offers potentially attractive opportunities for investors. However, the lack of macroeconomic and structural reforms has exacerbated bureaucratic inefficiencies and contributed to widespread corruption. The government often exerts influence over the operations of companies, even those where foreign investors own over 50 percent. In many privatized enterprises, the government retains a minority share of approximately 25 percent, and workers own another 25 percent, thus limiting effective control by outside investors (table 1). Table 1. The investment program of Uzbekistan in ICT in 2013. Name of the initiators of the project design capacity timeframe for implementation 1 A phased transition to digital television and Coverage of digital television for 2011-2015years coverage of television more than 90% of the population Modernization and expansion of long – distance switching centers on the technology Increase simultaneous connections Period 2011-2013 of next generation networks (NGN) The expansion of cellular IPP Ltd “unitel”( Increase capacity to 10million 2013 the next step) subscribers Technical and technological development of Providing 21 to 218 million 2013 mobile IP LLC “Koski” ( the next step) minutes of airtime Developments of mobile CDMA-450 Installation of additional base In 2013-2014 network in the regions of Uzbekistan stations Developments of optical networks based Construction of broadband In 2013-2014 broadband access FTTx networks FTTx Modernization of radio monitoring The set 2013 There are several official limits on foreign investment. Foreign ownership and control are prohibited for airlines, railways, power generation, and other sectors deemed to be related to national security. Foreign investment in media enterprises is limited to 30 percent. Consolidated Statement of targeted program of major investment projects to create new, modernization and reconstruction of existing facilities, implemented in 2013, approved by the Decree of the President of the Republic of Uzbekistan "On the investment program of the Republic of Uzbekistan for 2013" dated 21.11.2012, the number of PP-1855. In banking, foreign investors may operate only as joint venture partners with Uzbek firms, and banks with foreign participation face set charter funding requirements (10 million Euros for commercial banks, 5 million Euros for private banks), while the required size of the charter funds for Uzbek firms is set on a case-by-case basis. In the tourism sector, foreign ownership cannot exceed 49 percent. The government of Uzbekistan closely scrutinizes all foreign investment, with special emphasis on sectors of the economy that it considers strategic, including mining, cotton processing, oil and gas refining, and transportation. There is no standard and transparent screening mechanism, and the legal framework is designed to protect domestic industries and limit competition from abroad. Screening can be used to limit investment in certain industries and by certain countries, depending on Uzbekistan‟s current policy priorities. The government also uses licensing as a tool to control enterprises in several important sectors such as energy, telecommunications, retail sales, and tourism. Often licenses for business operations in these sectors are issued by agencies that themselves have commercial interests in the sector. 1 ICT news database http://ws-conference.com/ № 4(20), Vol.3, April 2017 19 International Scientific and Practical Conference “WORLD SCIENCE” ISSN 2413-1032 A charter fund of an enterprise with foreign investment that comprises USD 20 million or more needs special government approval, usually in the form of a Cabinet of Ministers resolution, to register the enterprise. Smaller investments in certain sectors of the economy also require permission from government authorities, although there is no official list of what these sectors are and enforcement is perceived to be random. In any case, filing for a standard business license is mandatory. According to Uzbekistan law, foreign investors receive treatment equal to that afforded local investors in all sectors without exceptions. There is no requirement that Uzbek nationals own shares of businesses with foreign investments, or that the share of foreign equity be reduced over time. Uzbekistan subscribes in principle to institutional and economic reform, such as restructuring and privatization, but implementation has been limited, reflecting an incremental approach to economic reform in place since the country‟s independence from the Soviet Union in 1991. Many enterprises from the world, developed under the
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