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Finance 22/07/2011 Uzbekistan attracts US$1.4bn of foreign investments in 1H
Uzbekistan attracts US$1.4bn of foreign investments in 1H
Tashkent, Uzbekistan (UzDaily.com) -- Uzbekistan attracted foreign investments for about US$1.4 billion in the first six months of 2011, the Cabinet of Ministers of Uzbekistan said at its session dedicated to the social-economic development of the country in the first six months of 2011.

The session said that about 84.2% of attracted foreign investments were foreign direct investments.

As reported earlier, the volume of investments in US dollar equivalent grew by 7.8% in the first six months of 2011.

In the first six months of 2011, Uzbekistan commissioned to exploitation about 558 new production capacities.

Uzbekistan completed construction of 156 km roads of national highway and commissioned 2,260 houses on standard projects.

Cabinet of Ministers said that the economy of Uzbekistan increased by 8% in the reporting period, while industrial output rose 6.8%, agriculture output – 6.7%, export – 18.7%. Uzbekistan ensured significant current foreign trade balance.

Adopted measures on further increasing consumer demand of population helped to increase consumer goods production by 12.3%, paid services – 14% and retail trade turnover – 14.6%.

State budget of Uzbekistan has been executed with surplus. Inflation level did not exceeded forecasted figures.

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