BAKU, Azerbaijan, Apr. 24
By Ilkin Seyfaddini - Trend:
In the period from January through March 2020, investment activity declined in Uzbekistan, compared to the same period of 2019, Trend reports citing the State Statistics Committee of Uzbekistan.
Growth rate of investments in fixed capital fell by 10.2 percent, compared to the same period of 2019. In the period from January through March 2020, 33.4 trillion soum ($3.2 billion) of investments were utilized, 63.9 percent or 21.4 trillion soum ($2.1 billion) of which were financed at the expense of attracted funds, the rest 36.1 percent or 12 trillion soum ($1.1 billion) - at the expense of own funds of enterprises and population.
Some 8.4 trillion soum ($823.4 million) of investments in fixed assets, or 25.3 percent, was utilized at the expense of centralized sources of financing. Accordingly, 24.9 trillion soum ($2.4 billion) of investments or 74.7 percent of the total volume was utilized at the expense of non-central sources of financing.
The highest indicators and growth rates of financing sources in fixed assets were recorded for non-guaranteed and other foreign investments and loans, which, compared to the corresponding period of the previous year, up by 5.3 times.
High shares (36.2 percent) and low growth rates of investments in the country observed in Tashkent city and Kashkadarya region (96.8 percent and 81.5 percent respectively), significantly influenced low growth rates of investments in the country as a whole, the report said.
---
Follow author on Twitter: @seyfaddini