EMBASSY OF UZBEKISTAN TO THE UNITED STATES
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NEWS AND EVENTS
April 30, 2012
Banks of Uzbekistan allocated 1.1 trillion soums worth of loans for financial support of enterprises
The developed program of measures for financial support and full load of capacity of enterprises to create jobs, provide for the modernization, technical and technological re-equipment of approximately 1,000 companies in all regions of Uzbekistan.

For this purpose, it was planned to attract more than 1.7 trillion soums (Exchange rate of CB 1USD-1856,15 soums). of investments, including more than 1.1 trillion soums of loans from commercial banks.

As of April 1, 2012, about 604.6 billion soums, including 420.1 billion soums worth of loans from commercial banks were invested to modernize and restore productive activities of firms within the program.

Credits allocated by commercial banks are directed on purchase of advanced technology, equipment and components for production of competitive products by enterprises.

As a result, the enterprises included in the program of financial support for the first quarter of this year produced goods and rendered services in the amount of 1,040.9 billion soums, $76.9 million worth of goods were exported, more than four thousand new jobs were created.

The work continues. (Source: UzReport.com)


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