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Finance 24/07/2012 Uzbekistan uses investments for 9.98 trln. soums in 1H
Uzbekistan uses investments for 9.98 trln. soums in 1H
Tashkent, Uzbekistan (UzDaily.com) -- Total volume of used investment in economy of Uzbekistan made up 9.979 trillion soums in the first half of 2012, which grew by 7.6% in comparable prices, the statement of the Ministry of Economy and the State Statistics Committee of Uzbekistan said.

The volume of used investments due to own resources of enterprises grew 1.3 times year-on-year, loans of Fund for Reconstruction and Development of Uzbekistan – 1.5 times, Fund for Reconstruction, capital repair and equipment of educational and medical establishments – 5.2 times, Fund for Children Sports Development – 1.3 times.

The commercial banks increase crediting enterprises of real sector of economy by 1.3 times in the reporting period. At the same time, the long-term loans, issued for more than a year, grew by 30.5%. The banks issued loans for over 3.6 trillion soums (+1.3 times) to modernization and re-equipment of existing enterprises.

Overall, the volume of foreign investments and loans exceeded US$1 billion in the first half of 2012, of which 80% fell to foreign direct investments.

In the past period of 2012, Uzbekistan completed implementation of 46 projects, included to investment programme for 2012. Some 530 production objects in light, food, chemical, construction materials, machinery and other industries were launched in January-June 2012.

Enterprises, located at Navoi free industrial and economic zone, produced goods for 25.1 billion soums in January-June 2012.

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