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NEWS AND EVENTS
January 30, 2015
REGIONS: TASHKENT
Socio-economic development of the city of Tashkent in 2014 is marked by the formation of a stable positive trends and factors, in full accordance with the priorities set by the President at the meeting of the Cabinet of Ministers of Uzbekistan on January 17, 2014.

Tends sustained high growth of gross regional product of Tashkent, which has increased by the results of 2014 by 9 percent with a share of 14.7 percent of gross domestic product (compared to 14.5 percent in 2013). Per capita gross regional product grew by 8.3 percent compared with the previous year. Thanks to the modernization, technical and technological re-equipment of industrial enterprises the share of industry in gross regional product for the period reached 21.8 percent, which is much higher than in 2013.

Small business and entrepreneurship plays a special role in the economy of the city of Tashkent. The progressive development of the business environment of the city, a comprehensive legal and practical support entrepreneurship will increase the share of small businesses in gross regional product from 54.6 percent in 2013 to 55.9 percent at the end of 2014.

The raising the level of the business environment of the city is testified by the fact that, in accordance with the results of the evaluation indicators of the business environment and the level of socio-economic development, the city of Tashkent in 2014 ranked 2nd among the regions of the country, gaining 3.07 points. At the same time, it should be noted that the index of the business environment in a survey of entrepreneurs is 41.1 points, which is the highest in the country. Work on further diversification of the industry, the transition from resource-intensive to a new high-tech resource and energy-efficient production is being implemented consistently.

High industrial potential of the capital characterized by an increase in industrial production, which amounted to the rate achieved in 2013 to 115.8 percent, including regional industry 110.9 percent, production of consumer goods- 115.5 percent.

In other macroeconomic indicators, the positive picture is observed in investment (an increase of 108 percent compared to last year), contracting and construction work (109.2 percent), retail trade (113.6 percent), total services (114.8 percent), paid services to the population (109.3 per cent).

Overall, in 2014, investment in the industrial sector accounted for 24.5 percent of all capital investment, growth compared with the previous year made up 111.8 percent.

In the framework of socio-economic development of the city in 2013-2014, through using all sources of financing 3270 investment projects have been implemented, as a result, additionally created 25,437 workplaces (compared to the planned 24 242) in such important industries as chemical and petrochemical industry - 174 projects (1,513 workplaces), mechanical engineering - 44 (1,110 workplaces), electrical industry – 22 (526 workplaces), building materials industry - 196 (2403 workplaces), the food industry - 355 (2,235 workplaces), textile industry - 122 (2,210 workplaces), leather and footwear industry - 14 (231 workplaces), furniture and pulp and paper industry - 143 (742 workplaces), the pharmaceutical industry - 21 (697 workplaces).

2164 projects were implemented in the service sector with the creation of 13,617 new workplaces.

In order to provide consistent growth of economy, a number of measures to deepen the localization of production, industrial cooperation have been implemented.

In 2014, the city\'s 58 regional companies have been involved in the localization program with 114 projects. During the reporting period, the urban regional enterprises executed the localization forecast on 101.5 percent with the additional creation of 346 new jobs.

Today the city has foreign economic relations with more than 180 countries worldwide.

(Source: «Business partner.uz» newspaper)


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