Share of small business in GDP of Uzbekistan grows to 41.7%
05/05/2015 14:57
Share of small business in GDP of Uzbekistan grows to 41.7%
05/05/2015 14:57
Tashkent, Uzbekistan (UzDaily.com) -- Share of small businesses in GDP of Uzbekistan grew from 41% in the first quarter of 2014 to 41.7% in January-March 2015.
Over 8,000 new small businesses were created in Uzbekistan in the first quarter of 2015, which grew by 10.2% more compared to the same period of 2014, the Ministry of Economy and State Statistics Committee of Uzbekistan said.
Largest number of enterprises was created in industry and other production spheres (37.7% from total number), construction (11.5%), as well as trade and catering (29.3%).
Within the privatization programme for 2015-2016, the private owners bought 55 state assets for 28.3 billion soums, including 13 objects on zero redemption price with investment obligation of 9.7 billion soums. At the same time, private businesses bought 80 unused areas and objects in the reporting period.
In the first quarter, small businesses received loans for 2.8 trillion soums, including over 590 billion soums of microloans in the first quarter of 2015, which rose 1.3 times compared to 2014. The small businesses used credit lines of international financial institutions, allocated to development of small businesses, at the size of US$38.3 million.
At the same time, Fund for financing preparation of project documentations on investment projects under the Uzbekistan Banking Association financed 14 projects for over 10 billion soums.
Over 34,200 small businesses or 98.3% of all participants of public procurement participated in the public procurement in the reporting period. The small businesses increased supply of products by over 4 times within the public procurement.
The volume of public procurement from small businesses made up 77.9 billion soums or 99.6% of total procurement. Introduction of electronic trades on public procurement saved budget resources at the size of 22 billion soums or 21.9% of budget resources, allocated for this goal.
Simplification of mechanisms of access to goods and resources helped small businesses to increase realization of products of small businesses via exchange trades by 1.5 times. The volume of purchased goods from small businesses via exchange rose by 1.3 times.
Bureau for assisting of export products provided consulting services to 318 enterprises on promotion of their goods to external markets. At the same time, 29 international agreements in standardization, metrology, certification, accreditation, export of products and introduction of international and country requirements.
Besides, Fund for supporting of exports of small businesses and private entrepreneurship provided assistance to 315 businesses in export of their products for US$220.4 million. The fund provided assistance to 36 enterprises in search of foreign buyers and signing of export contracts for US$2.5 million.
In the first quarter of 2015, small and private businesses exported products for over US$560 million to abroad, of which US$217.3 million – via specialized foreign trade company Uztadbirkorexport.
Share of small and private businesses in GDP reached 41.7% in the first quarter of 2015 (41% in 1Q 2014), in industry – 29.8% (26.8%), paid services – 48.4% (42.7%) and employment – 76.8% (76.4%).
$ 1 | 12570.00 | +0.024% |
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₽ 1 | 136.91 | -0.270% |