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Economy 09/11/2010 Uzbekistan produces localized goods for 4.2 trln. soums
Uzbekistan produces localized goods for 4.2 trln. soums
Tashkent, Uzbekistan (UzDaily.com) -- Light industry (18.4%), machinery and metallurgy processing (14.1%), chemical industry (13.7%) and food industry (9.9%) recorded highest growth in Uzbekistan in nine months of 2010. Stable work of power industry, ferrous and non-ferrous metallurgies were ensured, a publication of the Ministry of Economy of Uzbekistan and the State Property Committee of Uzbekistan.

In nine months of 2010, Uzbekistan launched production of new goods such as potash fertilizers, sodium bicarbonate, potassium nitrate, energy saving lamps, Spark automobile, tractors and wheat harvesters of CLAAS model, various pharmaceutical products and others.

Within the Programme on localization of ready products, spare parts and materials based on industrial cooperation in nine months of 2010, the localization goods worth 4.2 trillion soums were produced within 990 projects. The growth rate made up 1.4 times year-on-year. The country launched exports of 47 new localized products and total volume of localized goods’ exports rose twice year-on-year. In the result, the share of localized products in total volume of industrial output increased from 14.9% in January-September 2009 to 17.6% in the same period of 2010. Estimated effect of import-replacement made up over US$2.7 billion, which is up 1.3 times year-on-year.

The commercial banks issued 775.8 billion soums to producers to purchase technological equipment, raw materials to produce non-food and food products.

In the result, the consumer goods production rose by 12% year-on-year in nine months of 2010, including food products – 8.3% and non-food products – 14.8%. Production of fabrics, knitwork, carpets, LCD TV-sets, and other goods were launched in Uzbekistan.

In the result of implementation of additional measures on stimulation of exports, promotion of ready products to new markets and increasing competitiveness of local products ensured high growth of exports in machinery and equipment (2 times), food products (1.9 times), ferrous and non-ferrous metals (1.5 times), services (1.2 times) in nine months of 2010.

In the result of gradual implementation of programme on developing of services in nine months of 2010, the volume of rendered services rose by 11.2%, including financial services by 22.6%, trade and catering services – 14.8%, services on repairing cars and other equipment – 27.8%. Share of services in GDP of Uzbekistan rose to 48.6%.

Due to commissioning of 1,295 retail trade objects, 296 catering objects and 2,100 household service objects dome 93,600 jobs were created in rural areas in nine months of 2010.

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