BAKU, Azerbaijan, Dec. 16
By Klavdiya Romakayeva - Trend:
Uzbek entrepreneurs' expectations about the prospects of their business development for the next three months are positive with a high level of uncertainty in terms of external factors affecting business development, Trend reports with reference to the CERR (Center for Economic Research and Reforms) survey.
The CERR conducted a survey of enterprises to assess the business climate in Uzbekistan. Some 1008 enterprises took part in the survey. The survey was carried out in two directions - a qualitative assessment of the current state of the business and the expectations of entrepreneurs for the next 2-3 months.
Analysis of the state of the business climate in Uzbekistan showed that the indicator of the current state of business amounted to 27 points, which characterizes the moderately positive sentiments of entrepreneurs regarding the current state of their business.
In particular, the indicator of the current state in agriculture amounted to 53 points, industry - 15, construction - 29, services - 16, respectively.
Some 35 percent of enterprises interviewed in November 2020 rated the current state of business as good, 52 percent - satisfactory, and 14 percent - bad.
The demand for goods/services improved in 42 percent of enterprises, 45 percent said it has not changed, and 14 percent said it worsened.
The number of employees increased by 17 percent of enterprises, did not change for 73 percent, and decreased by 12 percent of enterprises.
The indicator of expectations for business development prospects for the next three months amounted to 51 points, that is, the expectations of entrepreneurs about the prospects for their business development for the next three months are positive.
In particular, the indicator of expectations of prospects in agriculture amounted to 61 points, industry - 37, construction - 29, services - 60 points.
Out of 1008 enterprises that took part in the survey, 57 percent assessed the prospects of their business as improving, 39 percent -said it will not change and only 5 percent believe that it will get worse.
At the same time, the business climate indicator amounted to 39 points, that is, the state of the business climate in the country is assessed as good.
The relationship between the values of the current situation and expectations means that the positive trend in economic development will continue in the next three months. In particular, the indicator of the business climate in agriculture amounted to 57 points, industry - 26, construction - 29, services - 37 points.
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