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Uzbekistan’s GDP grows by 8.1% in H1 2015

17 July 2015

Uzbekistan’s GDP grew by 8.1 percent in H1 of 2015, compared to the same period of 2014, the country’s Prime Minister Shavkat Mirziyoyev said.

He made the remarks during the government meeting on the results of the country’s socio-economic development in H1 of 2015.

The industrial and agricultural production increased by 8.1 percent and 6.5 percent, respectively during the reporting period. The inflation level didn’t surpass the forecasted parameters.

The production volume of consumer goods rose by 13.5 percent, retail turnover – 14.8 percent, services – 13.1 percent. The export volume has increased by 7.4 percent. Black ink was ensured in the foreign trade turnover.

The volume of used investments in Jan.-June increased by 9.8 percent, including direct foreign investments and loans – by 10.9 percent.

Implementation of 63 investment projects has been completed within the investment program for 2015.

Around 1,900 facilities have been commissioned. Intensification of investment processes has allowed to ensure the volume of contract construction work by 18 percent.

Over 441,800 jobs were created in Uzbekistan throughout H1 of 2015.

Over 15,200 small business entities were created in the country in Jan.-June 2015, or 6.3 percent more than in the same period of 2014. Loans worth 6.4 trillion Uzbek soums were allocated for the for small business entities during the reporting period, or 1.3 times more than in the same period of 2014.

Uzbekistan’s GDP increased by 8.1 percent in 2014, compared to 2013, industrial production – 8.3 percent, agriculture – 6.9 percent.

The government plans to ensure 8 percent growth in GDP, industrial production – 8.3 percent, agriculture – 6 percent, investment – 9.6 percent as of 2015. Moreover, the government aims to keep the inflation level at 5.5-6.5 percent in 2015.