Tashkent, Uzbekistan (UzDaily.com) -- An analysis of business activity by regions of the Republic of Uzbekistan is calculated monthly by the CERR based on operational data (monitoring in all regions of the republic, according to the State Customs Committee, State Tax Committee, Central Bank and UzEX).

The monitoring results showed that the volume of tax revenues of the republic in the period from 1 to 31 January 2022 increased by 24.6% compared to the same period of last year. At the same time, a significant increase in tax revenues was noted in Kashkadarya (by 55.3%), Bukhara (by 53.5%), Syrdarya (by 52.8%) regions, the Republic of Karakalpakstan (45.7%) and in Tashkent (by 70%).

The growth of tax revenues was carried out by creating equal competitive conditions for doing business, and by reducing the regulatory and administrative burden, automating procedures and simplifying the procedure for complying with tax laws

Revenues from customs payments for the analyzed period increased by 40.6%. The largest increase in revenues was observed in Andijan (by 2.7 times), Khorezm (by 2 times), Tashkent (by 71.6%), Bukhara (by 66.4%) regions and in Tashkent (4 times).

The increase in the volume of receipts of customs payments indicates the growth of foreign trade turnover growth. In the structure of imports, machinery and equipment, industrial goods have a significant share. This trend indicates on the creation and modernization of production facilities, which in the long run will contribute to economic growth.

According to the State Customs Committee, the volume of exports of goods since the beginning of the year increased by 18.9% compared to the same period of last year. An increase in the volume of exports of goods was noted in Kashkadarya (by 67%), Surkhandarya (by 65.5%), Samarkand (by 53.8%), Ferghana (by 46.6%), Namangan (by 46.1%) and Khorezm (by 31.0%) regions.

The increase in the volume of exports of Uzbekistan is explained by the growing growth rates of exports of industrial goods, foodstuffs, chemicals and agri-food products

The volume of loans issued by commercial banks in the period from January 1 to January 31 of this year. decreased by 0.9% compared to the same period last year.

The growth in the volume of loans issued is observed only in Andijan (by 3.2 times), Samarkand (by 95.8%) and the Republic of Karakalpakstan (by 6%). In all other regions, the issuance of loans decreased compared to the same period last year.

According to the Central Bank of the Republic of Uzbekistan, the decrease in this indicator is due to the issuance of large loans in the base period (January 2021) in the aggregate by 1.52 trillion soums, which were not observed in January of the current year.

During this period, 7,013 new business entities were created, the largest number of which was registered in Samarkand (909), Andijan (756), Tashkent (590), Ferghana (572) regions and in Tashkent (1,277).

The volume of transactions on the Uzbek Republican Commodity and Raw Materials Exchange for the analyzed period increased by 47.3%. A significant increase in exchange activity is observed in Tashkent (by 89.4%), Namangan (by 71.4%), Khorezm (by 45.4%) regions, the Republic of Karakalpakstan (by 50.5%) and in Tashkent (by 81.7%).

Growth in transaction volumes in these regions was ensured by increasing sales of such goods as motor gasoline, diesel fuel, rolled ferrous metals, cathode method, polyethylene, fodder wheat, building materials, alcohol, etc.