European Journal of Economics, Finance and Business Development https://europeanscience.org/index.php/2 <p class="_04xlpA direction-ltr align-start para-style-body"><strong><span class="S1PPyQ">European Journal </span><span class="S1PPyQ">of</span> </strong><span class="S1PPyQ"><strong>Economics, Finance and Business Development</strong> is a scholarly peer reviewed international multidisciplinary Journal. The journal implements double blind peer review for articles. The research manuscript have to pass through the plagiarism check before allotted to the reviewers. The open access journal ensure the quality of published articles. The journal includes wide range of research articles in multidisciplinary areas of Economics, Finance and Business Development. The original review, research, literature, short note, book reviews are welcome to publish in this journal</span></p> <p>Important information of the Journal:</p> <ul> <li><strong>Frequency: </strong>12 issues per Year</li> <li><strong>International License: </strong> CC BY</li> <li><strong>Acceptance Status :</strong> 1-2 weeks</li> <li><strong>Publication Period :</strong> 1-2 weeks</li> <li><strong>ISSN (E):</strong> 2938-3633</li> <li><strong>SJIF 2024:</strong> 5.099</li> <li><strong>Journal Abbreviation:</strong> Eur. j. econ. financ. bussiness dev.</li> </ul> <p>The scope of the journal is not limited to-</p> <ul> <li>Economics</li> <li>Business Development</li> <li>Business Planning</li> <li>Finance</li> <li>Social Work</li> <li>Forensic Science</li> <li>Fashion, Textiles and Luxury Goods</li> <li>Emergency &amp; Disaster Management</li> <li>Food Sciences</li> <li>Museum Studies</li> <li>Real Estate &amp; Property Management</li> </ul> European Science Publishing en-US European Journal of Economics, Finance and Business Development 2938-3633 PROCEDURAL ASPECTS OF ENSURING THE PRESERVATION OF ELECTRONIC EVIDENCE IN CRIMINAL PROCEEDINGS https://europeanscience.org/index.php/2/article/view/916 <p>In the context of the digital transformation of society, electronic evidence, such as digital documents, audio and video recordings, data from mobile devices and Internet logs, are playing a key role in judicial practice. However, their unique characteristics create serious challenges related to the preservation of authenticity, admissibility and integrity of data. major problems, such as the changeability, forgery or loss of electronic evidence at the stages of its seizure, storage and presentation in court. Particular attention is paid to the legislative and technical aspects of the protection of electronic evidence, as well as the analysis of international experience in this area. It outlines procedural measures aimed at ensuring the protection of data from external interference and destruction, including the use of technologies such as digital signature, hashing, and blockchain. In addition, the issue of the need to improve national legislation, create new standards and guidelines for working with digital evidence is raised. The article emphasizes the importance of implementing legal and technical solutions to ensure the reliability of electronic evidence and offers directions for further research and improvement of the legislative framework.</p> Б. У. Умаров Copyright (c) 2024 https://creativecommons.org/licenses/by-nc/4.0 2024-10-10 2024-10-10 2 10 1 6 SOME ISSUES OF EXECUTION OF THE SURROGACY AGREEMENT https://europeanscience.org/index.php/2/article/view/931 <p>This article delves into the legal and ethical complexities surrounding surrogacy agreements. It examines the various challenges faced by intended parents, surrogates, and legal practitioners in navigating the surrogacy process. Key issues discussed include the enforceability of surrogacy contracts, the rights of all parties involved, and the implications of differing legal frameworks across jurisdictions. The article also highlights case studies and recent developments in surrogacy law, providing insights into best practices for drafting and executing surrogacy agreements.</p> Babajanova Dinara Islamovna Copyright (c) 2024 https://creativecommons.org/licenses/by-nc/4.0 2024-10-13 2024-10-13 2 10 7 11 ПРОБЛЕМЫ ВЗАИМОДЕЙСТВИЯ АДВОКАТУРЫ И ГОСУДАРСТВЕННОЙ ВЛАСТИ РЕСПУБЛИКИ УЗБЕКИСТАНА https://europeanscience.org/index.php/2/article/view/933 <p>В статье рассматриваются особенности защиты прав человека в уголовных делах и роль адвоката на различных стадиях уголовного процесса. Актуальность исследования связана с необходимостью соблюдения стандартов справедливого судебного разбирательства, гарантированных международным правом и национальным законодательством. В работе применен метод IMRAD, позволяющий структурировать исследование по стадиям: введение, методы, результаты и обсуждение. Результаты исследования показывают, что адвокат играет ключевую роль в обеспечении соблюдения прав человека на этапах предварительного следствия, судебного разбирательства и исполнения приговора. В статье также приводятся рекомендации по улучшению правовых механизмов защиты прав человека в уголовных делах.</p> Жураев Анваржон Ильхомжон угли Copyright (c) 2024 https://creativecommons.org/licenses/by-nc/4.0 2024-10-13 2024-10-13 2 10 12 15 PROBLEMS OF QUALIFICATION OF CORRUPTION CRIMES COMMITTED IN THE FIELD OF PUBLIC PROCUREMENT https://europeanscience.org/index.php/2/article/view/934 <p>This scientific article analyzes the problems of qualification of corruption crimes committed in the field of public procurement. The author initially divides the legal methods of combating corruption into two groups - preventive and punitive measures. The article lists the subjects of corruption crimes, including officials, employees of regulatory bodies, civil servants and others is characterized by direct intent and malicious interests. The author lists the main stages of the public procurement process and analyzes the crimes that can be committed at each stage. In particular, bribery, abuse of office, fraud and other crimes were considered. The article classifies corruption crimes into four groups: 1) directly directed against public service; 2) directed against an additional object; 3) directed against an optional object; 4) crimes directed against a similar object. In the article, the author analyzes in detail the objective, subjective and subject of corruption crimes. The final part lists the main features of corruption crimes in the field of public procurement and emphasizes the need to improve law enforcement practice.</p> Кодиркулов Ахмаджон Адхамович Copyright (c) 2024 https://creativecommons.org/licenses/by-nc/4.0 2024-10-14 2024-10-14 2 10 16 22 THE IMPACT OF FINTECH COMPANIES ON THE TRADITIONAL BANKING SECTOR: COMPETITIVE INTERACTIONS AND OPPORTUNITIES FOR COOPERATION https://europeanscience.org/index.php/2/article/view/951 <p>The rapid growth of fintech companies has significantly transformed the competitive dynamics within the financial sector. This study examines the impact of fintech activity on the performance of traditional banks, focusing on competitive interactions and potential opportunities for collaboration. Using a panel econometric analysis of data from 150 commercial banks across various countries from 2010 to 2022, we investigate how fintech innovation influences banks' return on assets (ROA). The results reveal that increased fintech activity exerts a statistically significant negative effect on the ROA of traditional banks, indicating heightened competitive pressure. However, this impact is moderated by bank-specific factors such as size and capital adequacy, as well as macroeconomic conditions. Larger banks and those with higher capital adequacy ratios are less adversely affected, suggesting that scale and financial stability provide resilience against fintech competition. The study also highlights that in economies with higher GDP growth, the negative influence of fintech on banks is diminished. These findings underscore the necessity for traditional banks to adapt by investing in technological innovations and exploring strategic partnerships with fintech firms. Such adaptations can mitigate competitive threats and harness potential synergies, contributing to sustained profitability and market position.</p> Shirinova Shokhsanam Copyright (c) 2024 https://creativecommons.org/licenses/by-nc/4.0 2024-10-23 2024-10-23 2 10 23 32 ISSUES OF FORMATION AND OPTIMIZATION OF THE MODERN COMPOSITION OF THE BALANCE OF PAYMENTS UNDER THE TRANSFORMATION OF THE WORLD ECONOMY https://europeanscience.org/index.php/2/article/view/955 <p>The article talks about the issues of forming and optimizing the modern structure of the balance of payments of Uzbekistan in the context of the transformation of the world economy.</p> Eshova M. N. Copyright (c) 2024 https://creativecommons.org/licenses/by-nc/4.0 2024-10-24 2024-10-24 2 10 33 37 CURRENT ISSUES OF ENSURING FINANCIAL SECURITY IN MODERN CONDITIONS https://europeanscience.org/index.php/2/article/view/960 <p>This article discusses the topical problems of improving the database for obtaining electronic evidence in the internal affairs bodies in order to solve crimes of financial fraud in the field of modern payment systems. This article discusses current problems of improving the basis for obtaining electronic evidence in internal affairs bodies in order to solve crimes of financial fraud in the field of modern payment systems.</p> Рузиева Диёра Сулаймановна Copyright (c) 2024 https://creativecommons.org/licenses/by-nc/4.0 2024-10-25 2024-10-25 2 10 38 43 THE NEED TO INVEST IN THE GREEN ECONOMY https://europeanscience.org/index.php/2/article/view/969 <p>The article examines the concept of green economy, its necessity, its importance in sustainable development, its main goals, as well as its advantages. The directions and results of investments in the green economy have been studied. At the end of the work, the main conclusions were formed.</p> Asamkhodjaeva Shoira Copyright (c) 2024 https://creativecommons.org/licenses/by-nc/4.0 2024-10-29 2024-10-29 2 10 44 49 ENERGY SECURITY: PAST, PRESENT, AND FUTURE https://europeanscience.org/index.php/2/article/view/970 <p>Energy security is a multifaceted concept encompassing the availability, affordability, and reliability of energy resources. This article explores the evolution of energy security from historical contexts to present challenges and future opportunities. It highlights significant events, technological advancements, and geopolitical factors that have shaped energy security policies. With a focus on the transition to renewable energy and global cooperation, this paper outlines strategies for enhancing energy resilience in a changing world.</p> Khaitov Panji Bukharovich Copyright (c) 2024 https://creativecommons.org/licenses/by-nc/4.0 2024-10-29 2024-10-29 2 10 50 55 ASSESSMENT OF THE EFFECTIVENESS OF IMPLEMENTING INNOVATIVE PRODUCTS IN THE BANKING SYSTEM: APPROACHES, RISKS, AND RESULTS https://europeanscience.org/index.php/2/article/view/977 <p>In the context of intense competition and globalization, the banking system faces the necessity of adopting innovative products and solutions to ensure sustainable development and enhance competitiveness. This article examines the key aspects of evaluating the effectiveness of implementing innovative products in the banking sector, focusing on both financial and qualitative indicators. Special attention is given to methods such as Net Present Value (NPV), Internal Rate of Return (IRR), and payback period, as well as the impact of innovations on improving customer experience and the bank’s reputation. Furthermore, the main risks associated with the introduction of innovations are analyzed, and recommendations for their mitigation are proposed. The conclusion emphasizes the importance of strategic innovation management to ensure the long-term sustainability and effectiveness of the bank.</p> Khalmetova Sh. Copyright (c) 2024 https://creativecommons.org/licenses/by-nc/4.0 2024-10-31 2024-10-31 2 10 56 62 OPTIMIZING PUBLIC PROCUREMENT IN BUDGET ORGANIZATIONS: INSIGHTS FROM UZBEKISTAN’S LEGAL FRAMEWORK AND INTERNATIONAL BEST PRACTICES https://europeanscience.org/index.php/2/article/view/978 <p>This study examines Uzbekistan’s public procurement framework, focusing on budget organizations and the roles of regulatory bodies in ensuring transparency, accountability, and compliance. Key legislative documents, including the Law on Public Procurement and Resolution No. 3953 of the Cabinet of Ministers, provide the foundation for procurement practices that support socio-economic objectives, foster local industries, and improve public service delivery. The study employs a qualitative approach to analyze legislative documents and international standards, comparing Uzbekistan’s practices with those of OECD countries and World Bank recommendations. Findings reveal that while Uzbekistan’s procurement system aligns well with global standards, areas for improvement remain, particularly in digital infrastructure and procedural efficiency. By addressing these challenges, Uzbekistan can enhance the effectiveness of its procurement processes, contributing to sustainable economic growth and improved governance.</p> Turabov Sarvar Abdumalikovich Copyright (c) 2024 https://creativecommons.org/licenses/by-nc/4.0 2024-10-31 2024-10-31 2 10 63 70 FOREIGN INVESTED ENTERPRISES IN THE REPUBLIC OF UZBEKISTAN: MANAGEMENT TOOLS, MAIN FORMS, EVOLUTION AND TRENDS https://europeanscience.org/index.php/2/article/view/987 <p>Since the launch of first economic reforms, attracting foreign investment has always been the focus of the government of the Republic of Uzbekistan. The article covers the evolution of foreign invested enterprises in 2015-2024. Particular attention is paid to the development of the joint venture (JV) and the wholly owned enterprise (WOFE) forms as a condition and a result of increased investment attractiveness of the country.</p> Dr. Ubaydulla Nadirkhanov Copyright (c) 2024 https://creativecommons.org/licenses/by-nc/4.0 2024-11-06 2024-11-06 2 10 71 79