Uzbekistan’s GDP increases by 8%
Tashkent, Uzbekistan, Oct. 19
By Demir Azizov- Trend:
Uzbekistan's GDP increased by eight percent in January-September 2015 compared to the same period of 2014, Uzbek Prime Minister Shavkat Mirziyoyev said Oct. 19.
Mirziyoyev made this statement at a governmental meeting on the country's socio-economic development for nine months of 2015.
Industrial production increased by 7.3 percent, agricultural production - by 6.6 percent in the reporting period, Mirziyoyev said.
The inflation rate did not exceed the projected parameters.
The production volume of consumer goods increased by 10.1 percent, retail trade turnover - by 15 percent, services - 12.9 percent.
Despite the unfavorable situation on the world markets, the measures of boosting the export potential of the economy allowed to maintain a positive foreign trade balance. Some 830 companies have been involved in the export activity since early 2015. Earlier, they did not export their own products.
The volume of investments used in January - September increased by 9.9 percent, including foreign direct investments and loans - by 7.4 percent. Some 76 investment projects were implemented as part of the investment program in 2015. More than 3,400 facilities were commissioned.
Some 21,400 new small businesses were established in January - September, which is 6 percent more than in the same period of 2014.
Some 17,800 unused state facilities were transferred to the small businesses on terms of lease. The bank loans and micro-loans totaling 9.6 trillion soums were issued.
Uzbekistan's GDP increased by 8.1 percent, industrial production - by 8.3 percent, agricultural production - by 6.9 percent, capital construction work - by 10.9 percent in 2014 compared to 2013.
The government plans to ensure GDP growth at eight percent, industrial production - by 8.3 percent, agricultural production - by six percent. It is also planned to increase the capital investments by 9.6 percent and keep inflation within 5.5-6.5 percent in 2015.
Edited by CN