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Finance 06/05/2011 Uzbekistan utilizes investments for 3.276 trln soums in 1Q 2011
Uzbekistan utilizes investments for 3.276 trln soums in 1Q 2011
Tashkent, Uzbekistan (UzDaily.com) -- Uzbekistan used investments for 3.276 trillion soums in the first quarter of 2011, which is 4% more year-on-year, the Ministry of Economy and the State Statistics Committee said in a joint material.

According to the material, over 70% of total capital investments were directed to construction of production capacities.

The state bodies said that the capital investments used due to resources of Fund for Children Sport Development (3.3 times), loans of commercial banks (1.9 times), Fund for Reconstruction and Development of Uzbekistan (11%), own resources of enterprises (21.7%) and population funds (2.1 times) increased significantly in the reporting period.

Within the technical modernization programme, over 818 projects were implemented in the reporting period, of which 145 production objects were commissioned. Among them 38 objects in light and textile industry, 48 objects in food industry, 37 in construction material production industry, 10 in timber processing industry, 3 – machinery and 2 in chemical industry.

The material said that projects on production of knitwork goods at Solay Textile in Tashkent region and Style Textile in Chust district, ready garments at Sungreentex in Andijan region, children clothes at Pastdargom Tikuvchi in Pastdargom district, and others were completed in Uzbekistan in the reporting period.

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