Leasing operations volume in Uzbekistan increased more than 35% last year

Tashkent, Uzbekistan, Feb.14
By Demir Azizov - Trend:

The total volume of leasing operations in Uzbekistan in 2013 increased by 36 percent compared with 2012 - up to 805.2 billion soums, the volume of the leasing services market - by 16.5 percent (up to 1.511 trillion soums), Uzbekistan Lessors Association told Trend on Feb.13.

In accordance with the results of 2013, the share of leasing in the country's GDP made up 0.7 percent against 0.6 percent last year, relative share of leasing portfolio in GDP remained at the level of the previous year- 1.3 percent, relative share of leasing operations in investments in fixed capital increased 0.1 percent - to 2.8 percent.

Uzbek lessors concluded only 6,700 transactions last year versus 7000 transactions a year earlier.

In 2013, the bulk of the share of leased property transactions, 37.5 percent was farm equipment, compared to 33.1 percent in 2012.

The volume of transactions on vehicle lease amounted to 24.8 percent in the overall structure of leased property, manufacturing equipment - 21.4 percent, real estate and property complex - 16.3 percent.

In the structure of transactions on types of technological equipment in Uzbekstan in 2013, bulk of share made up construction machinery and equipment for construction materials manufacturing - 35.4 percent, reclamation equipment - 22.9 percent, equipment for light industry - 12.8 percent.

Some 99 lessors, including 24 commercial banks and 75 leasing companies worked on the country's leasing market in 2013.

Uzagroleasing ( 271.5 billion soums ), Uzavtopromlizing (65.9 billion soums ), Uzmeliomashlizing ( 38.5 billion soums ) , Uzbek Leasing International ( 36.2 billion soums) and Artum Leasing Group ( 20.9 billion soums ) are the biggest participants of the market among the leasing companies as of 2013.

Asaka State Joint-Stock Commercial Bank ( 65 billion soums ), Joint-Stock Commercial Mortgage Bank ( 32.3 billion soums ), Rural Construction Bank ( 20.3 billion soums ), Microcredit Open Joint -Stock Commercial Bank ( 16.2 billion soums ) , Uzpromstroybank (15.9 billion soums) are among the most active commercial banks in the area of leasing services.

The customs duties on import of modern technological equipment on lease terms were abolished in Uzbekistan. The leasing payments were exempt from VAT and lessees - from taxes on leased property. The legal entities rendering leasing services were exempt from paying an income tax and a single tax payment in the area of leasing.

The official exchange rate is 2.215.99 soums/$1 on Feb. 14.

Elbit Systems wins Spanish Army radio deal
Elbit Systems wins Spanish Army radio deal
Israel changed plans to buy AstraZeneca vaccine
Israel changed plans to buy AstraZeneca vaccine
Israel reports 798 new COVID-19 cases, 330,796 in total
Israel reports 798 new COVID-19 cases, 330,796 in total
Loading Bars
Georgia makes giant strides in transposition of energy efficiency acquis
Cash receipts from Azerbaijan to Georgia increases
Number of debit cards in Azerbaijan increases
Uzbekistan increases raisins export to Netherlands
Georgia to subsidize wheat flour price
IAEA to implement multiple projects in Georgia
Uzbekistan, Hungary consider establishing Uzbek-Hungarian Business Council
Uzbekistan confirms repayment schedules on ADB loan for solid waste cleaning
Percentage of problem loans in Azerbaijan down
Eni Turkmenistan Ltd opens tender for vehicles provision
Tree-planting campaign continues in Azerbaijan's Gubadli (PHOTO)
Azerbaijan raises commercial gas production
COVID-related quarantine may be strengthened in Kazakhstan in December
German Bundestag welcoming cessation of hostilities in Karabakh for sustainable peace
Spain names main Turkmen sectors of its interest
Iran to follow FATF-related bills
French Development Agency puts emphasis on increasing solar and wind capacity integration in Georgia
Putin to hold annual press conference via video link on December 17
Share of Austria in total import of Azerbaijan increases
Kazakhstan, Canada discuss prospects for agriculture co-op
Iranian Aras Free Trade Zone reveals its trade surplus
Modernization of primary gas treatment unit carried out at Uzbek oil field
Ambassador of Mexico meets with Azerbaijani Acting Minister of Culture
Azerbaijan supplying drinking water to liberated Shusha city (PHOTO)
Azerbaijan consistently works to strengthen regional cooperation - MFA
Azerbaijan's import of chemical products from Turkey up
Conflicts, external aggression threaten peace, security - Azerbaijani FM
Azerbaijani Minister of Economy receives Qatari ambassador (PHOTO)
Iran's industrial cities work at minimum capacity
U.S. agency opens probe into 115,000 Tesla vehicles over suspension issue
Turkey discloses Istanbul Airport's ten-month passenger traffic volume
Japan ruling party proposal backs assistance for COVID-hit airlines
Iran's Social Security Organization to forgive insurance fines of employers
Elbit Systems wins Spanish Army radio deal
Putin meets RSC members to discuss Russian peacekeepers' activities in Karabakh
Uzbek metallurgical plant switches to int’l financial reporting standards
New company established in Azerbaijan's Sumgayit city
Iran to close public offices amid COVID-19
Volume of industrial lending in Azerbaijan grows
Azerbaijani 'Maestro Niyazi' dry-cargo ship repaired and tested
France-24 TV channel broadcasts reportage about liberated Fuzuli district of Azerbaijan (VIDEO)
Small state enterprises, vehicles to be auctioned in Azerbaijan
Uzbek Ministry of Finance eyes setting excise tax on sugar imports
New electronic services to be introduced in Turkmenistan's banking system
Oil bitumen imports decrease to Georgia
10M2020 cargo, passenger traffic in Turkish Esenboga Airport drops
Discovery of Turkmen scientists expected to make unique contribution to healthcare system on global scale
Azerbaijan detects 3,712 new COVID-19 cases, 1,359 recoveries
World to need at least 1.1 trillion barrels of hydrocarbons over next 20 years
Kazakhstan decreases crude petroleum oil supplies to Netherlands
Number of construction enterprises, organizations in Uzbekistan up
Central Bank of Azerbaijan reveals data on population's deposits
Georgia sees decrease in import of aviation fuel
Oil & gas industry is not at risk of being starved of capital
Nearly half of bank deposits in Azerbaijan made in foreign currency, says CBA
Turkmen Health Ministry opens tender for medical supplies purchase
Iran Parliament speaker obliges gov't to implement “People's Livelihood Protection Act” as soon as possible
Luxury hotels to be created in Nagorno-Karabakh region
Azerenerji OJSC implementing essential project in Karabakh, adjacent districts
Gold, silver prices in Azerbaijan down
Kazakhstan's Kazatomprom sees threefold increase in profits
Turkey's VP talks current defense-related projects
Iran to join several countries in coronavirus vaccine development
Cybersecurity - one of main objectives of Georgia - Energy Community Secretariat report
UNDP office in Uzbekistan to buy agricultural equipment via tender
Central Bank of Azerbaijan plans to raise funds at deposit auction
Azerbaijan's Central Bank reveals year-on-year data on lending to household sector
Facebook cryptocurrency Libra to launch as early as January but scaled back
“Investment Treaty” intensively negotiated between Georgia and Japan
ACG oil transshipment from Ceyhan terminal exceeds 190 million barrels
Turkmenistan prepares project for intellectual property system dev’t
Prime Minister Modi inaugurates RE-Invest 2020
TAP is operational and can deliver gas, says managing director
Uzbek Anti-Crisis Fund expenses up due to extended COVID-9 resistance
Ruling coalition in Germany stands for Berlin’s participation in promoting peace in Nagorno-Karabakh
Azerbaijani gymnasts in group exercises reach final of European Championship in Ukraine
Azerbaijan's labor ministry, Azermash Group LLC sign tender contract
Iran reduces imports of chemicals from Turkey
Plastic cards becoming more popular in Kazakhstan
Turkish Ombudsman Institution prepares special report on Armenia's war crimes against Azerbaijan (PHOTO)
Turkmenistan prepares project aimed at developing energy diplomacy
Uzbekistan’s 10M2020 production of chemical products revealed
Azerbaijan Insurers Association calls on citizens to annually renew insurance contracts
Russian Tatneft eyeing butadiene production in co-op with Kazakhstan
ICAO to include Azerbaijan's three airfields in new list of int'l geographical coordinates
Georgia becomes most popular exporter of Uzbek beans
Construction of new water reservoirs in Uzbekistan to improve water supply of land areas
Azerbaijan's ten-month import of grains, legumes from Turkey up
Turkish TPAO to expand oil, gas exploration zone
Azerbaijani TS Motors LLC wins tender on tire purchases
Georgia sees record increase in COVID-19 cases
Turkmen State Service of Maritime and River Transportation working to attract foreign investment
Gas market concept under discussion in Georgia
French Senate Resolution is blow to French interests in South Caucasus - Center for Economic Reforms Analysis
Direct flights on the Baku-Minsk route to be resumed
Azerbaijan's High-Tech Park records new resident companies
Uzbek, South Korean foreign ministers discuss strengthening of economic ties
Russia to produce over 100 million doses of world’s first COVID-19 vaccine in India
Use of electronic state services in Azerbaijan grows
Land plots for agricultural producers to be allocated from special fund in Turkmenistan
All news