International Journal of Management IT and Engineering
  • Year: 2021
  • Volume: 11
  • Issue: 12

Improving financial mechanisms to ensure investment and innovation activity in Uzbekistan

  • Author:
  • Madaminov Inomjon Ozodovich*
  • Total Page Count: 8
  • Page Number: 18 to 25

Independent Researcher, Tashkent Institute of Finance, Tashkent, Uzbekistan

*Author Correspondence: Madaminov Inomjon Ozodovich, Independent Researcher, Tashkent Institute of Finance, Tashkent, Uzbekistan, Email: iomadaminov@list.ru

Online published on 28 August, 2023.

Abstract

It is known that in recent years, the pandemic has had a negative impact on the economies of countries around the world. At the same time, countries pay special attention to the recovery of their economies and the identification of strategies aimed at increasing the economic activity of enterprises operating in them and the production of innovative products. The Republic of Uzbekistan has also set a number of tasks in this regard. The practical implementation of these tasks will serve to achieve economic efficiency. Therefore, the relevance of this article is determined by ensuring competitiveness by improving financial mechanisms for investment and innovation activity, achieving financial stability in enterprises, the production of products in line with market demand and further accelerating the enterprise innovation process.

Keywords

Global pandemic, Science development, Targeted financing, Capitalization, Tax environment, Innovation activity, Project financing, International markets, Innovation policy