News Column

Uzbekistan commissions more than 1,600 new production facilities in H1 2014

July 18, 2014

Since the beginning of the year, Uzbekistan has concluded implementation of 64 projects worth $680 million that were included in the investment program of the Government. 1,651 new production facilities were commissioned for the period, according to a session of the Cabinet of Ministers.

In accordance with the adopted resolutions of the President in April, 22 authorization procedures were canceled; terms of obtaining authorization procedure were reduced twice; fees at registration of licenses and permits in 11 fields were reduced 4 times.

Until the end of 2014, the most popular 23 public services will be transferred in an interactive form via Internet.

Banks of Uzbekistan provided loans in the amount of more than $2 billion; the rate increased 1.3 times compared to the first half of 2013. The measures assumed allowed to increase the share of small business in the industry from 27% to 28.4%, employment from 75.8% to 76.4%.

The session also noticed that restructured enterprises of the country produced goods and provided services worth $1.3 billion, including export of products in the amount of $118 million.

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Source: AKIpress News Agency (Kyrgyz Republic)

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