State Competition Committee sums up 1Q 2013 results

The session considered effectiveness of measures on further improving business climate in Uzbekistan, restructuring and financial rehabilitation of involvement and idle enterprises. Poll of 1,200 business entities across Uzbekistan showed that they positive rate current state and expected changes in business environment.

The session noted that some 249.1 billion soums of investments were directed to enterprises, included to regional progamme on industrial development of the regions. In particular, commercial banks issued 245.6 billion soums. The enterprises produced goods for 269.1 billion soums and created over 2,500 jobs.

Within privatization programme, some 17 state assets for total sum for 2.756 billion soums were sold in the first quarter of 2013 and investors undertook obligation to invest 810 million soums to these assets. About 28 objects were realized on zero-redemption price and investors undertook obligation to invest 34.1 billion soums and US$1.4 million and create 1,200 new jobs.

The committee said that 10.8 billion soums were received due to renting of the state property. The center for renting state assets revealed over 13,300 unused state premises and 12,300 premises were rented.