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Investments in Uzbek economy jump 1.2 percent

Business Materials 23 April 2010 12:59 (UTC +04:00)

Uzbekistan, Tashkent, April 23 / Trend D.Azizov /

In the first quarter of 2010, investments in Uzbekistan's economy jumped 1.2 percent to 2.911 trillion soum compared to the same period in 2009, the Uzbek State Statistics Agency wrote in its "Key Uzbek Socioeconomic Development Indicators in January-March 2010."

In January-March, foreign investments accounted for a major share of total capital investments. The volume of direct foreign investment and loans increased 2.7 times to 1.426 trillion soum and the volume of foreign investment attracted by government guarantees to 77.5 billion soum.

Overall, non-centralized capital investments, including foreign direct investments, enterprise funds, and public and Uzbek bank loans, increased 18.2 percent to 2.6 trillion soum in the first quarter.

The banks increased lending 2.5 times to 158.9 billion soum. The population's funds in total capital investments amounted to 323.8 billion soum (32.7 percent rice), and enterprise funds hit 691.1 billion soum.

The volume of centralized investments, including the state budget, special funds and foreign investments attracted by government guarantees, amounted to 310.5 billion soum, or 45.9 percent compared to January-March 2009.

Investments in the economy from the state budget amounted to 148 billion soum (43 percent compared to January-March 2009) and off-budget funds hit 45 billion (20.1 percent).

The Uzbek Reconstruction and Development Fund has allocated 35.5 billion soum for investment projects or 2.9 times more than a year earlier.

In 2010, the government plans to increase capital investments by 22.1 percent.

On April 23, the official exchange rate is 1563.26 soum to $1.

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