Uzbekistan plans to maintain sustainable economic growth in medium term
Tashkent, Uzbekistan, May 22
By Demir Azizov- Trend:
The government of Uzbekistan intends to maintain sustainable economic growth in the medium term (2015-2018) at the level of 7 to 8 percent, according to the published materials of the Tashkent International Investment Financial Forum.
It is planned to maintain the growth rate of industrial production in Uzbekistan at the level of 8 to 9 percent per year, agricultural production - 5 to 6 percent, and the service industry - 14 to 17 percent, the forum's materials said.
Moreover, the growth of investments in fixed capital are planned to be maintained at the level of 9 to 11 percent.
The government of Uzbekistan intends to achieve planned volumes by carrying out an active industrial policy aimed at structural transformation and rapid growth in the share of the processing industry.
The main factors ensuring Uzbekistan's high economic growth also include the use of modern innovative technologies, modernization and development of industrial infrastructure, intensification of production in the agricultural sector by using new water-saving and productivity technologies.
At the same time the country's government intends to continue its policy to further liberalize the economy and improve the business environment for the development of small business private entrepreneurship, attracting foreign investments, stimulating and supporting exports.
Edited by C.N.