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NEWS AND EVENTS
January 20, 2012
Uzbek Govn’t sums up 2011 results
The Cabinet of Ministers of Uzbekistan held a session on 19 January 2012, which was dedicated to the results of social-economic development of the country in 2011 and important priorities of sustainable economic development in 2012. President of Uzbekistan Islam Karimov participated at the session of the Government and delivered a speech, UzA reported. It was said that the growth of gross domestic product (GDP) of Uzbekistan in 2011 made up 8.3%, industrial output – 6.3%, agriculture production – 6.6%, paid services to population – 16.1%. The state budget was executed with 0.4% surplus to the GDP. The inflation level did not exceed set forecasted volume. The exports of Uzbekistan grew by 15.4% due to supporting exporters and diversification of export structure and entering to new markets. Uzbekistan recorded significant current trade balance surplus. During the meeting, it was noted that the assets of the commercial banks of Uzbekistan grew by 32.4% in 2011. Active investment policy and implementation of priority investment projects on modernization and re-equipment of enterprises helped to increase the volume of capital investments by 11.2%. Uzbekistan launched 1,006 new capacities and completed implementation of 144 large investment projects. In 156 rural areas, some 7,400 houses on standard projects have been constructed and commissioned in 2011 due to preferential loans of Qishloq Qurilish Bank. It was noted that share of small business in gross domestic product of Uzbekistan rose from 52.5% in 2010 to 54% in 2011. Implementation of the programme on creating jobs and increasing employment of population allowed to create about 1 million jobs, of which over 68% fell to share of rural areas. (Source: UzDaily.com)


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