Currency rates from 04/10/2024
$1 – 12741.02
UZS – -0.13%
€1 – 14062.26
UZS – -0.45%
₽1 – 134.38
UZS – -0.5%
Search
Finance 17/01/2015 Uzbekistan uses investments for US$14.6bn in 2014
Uzbekistan uses investments for US$14.6bn in 2014
Tashkent, Uzbekistan (UzDaily.com) -- The volume of investments directed to economy of Uzbekistan grew by 10.9% in 2014 and reached US$14.6 billion in US dollar equivalent, the President of Uzbekistan Islam Karimov said at the session of the Cabinet of Ministers of Uzbekistan on 16 January.

He said that at the same time over 21.2% of total capital investments or over US$3 billion made up foreign investments and loans, of which three fourth were foreign direct investments.

Islam Karimov said that the volume of investments due to own resources of the enterprises rose by 10.3% year-on-year in 2014 and reached US$4.3 billion, or almost 30% of total investments.

The commercial banks directed US$1.7 billion of loans to investment purpose in 2014, which grew by 20% year-on-year, President said.

Over 73% of all investments were directed to construction of production capacities and about 40% - to purchase of machines and equipment, he noted.

President said that 154 large objects with total cost of US$4.2 billion, equipped with high technologic equipment, were commissioned in Uzbekistan in 2014.

He said that in particular, production of Damas and Orlando cars were launched at Khorezm Automobile Plant with the capacity of 60,000 cars a year, production of 700,000 tonnes of Portland cement and 350,000 white cement a year in Jizzakh region, etc. Syrdarya thermal power station was fully modernized.

Uzbek leader said that third line of the gas pipeline Central Asia – China with the length of 1,830 km and the capacity of 25 billion cubic meters of gas a year was commission, he said.

Stay up to date with the latest news
Subscribe to our telegram channel