The lower chamber of the parliament passed the law on introducing changes in legislation related to issuing long-term bonds by commercial banks to be placed among legal entities in 2009-2010.

The document was developed in accordance with the President’s resolution on increasing the share of long-term credits of banks used for financing investment projects.

Currently, only open joint stock companies have the right to issue corporate bonds, according to the law on the securities market.

The deputies said introduction of the norm allowing the banks to issue bonds will stimulate the development of the country’s banking and financial sector.

Another law the chamber passed was the law on preventing micro-nutrient insufficiency among the population.

Micro-nutrients are irreplaceable vitamins and minerals that are required for the normal growth and development of the people, UzA reported.

The law defined the state policy in this area, the competence of the government and the regional authorities in preventing micro-nutrient insufficiency among the population.

The document will help improve the health of the women and children, and harmonious development of the growing generation, the deputies said.