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Finance 13/09/2014 Uzbekistan uses investments for US$6.7bn in 1H
Uzbekistan uses investments for US$6.7bn in 1H
Tashkent, Uzbekistan (UzDaily.com) -- Uzbekistan used investment into fixed capital for US$6.7 billion in US dollar equivalent in the first half of 2014, which rose by 12.8% year-on-year.

According to the State Statistics Committee of Uzbekistan, total volume of investments directed to fixed capital in national currency exceeded 15.014 trillion soums in the reporting period, which rose by 10.8% year-on-year. Ratio of the volume of investments into fixed capital to the gross domestic product (GDP) made up 24.6% in January-June 2014, which rose by 0.7 percentage points compared to the same period of 2013.

The investments for 9.079 trillion soums (60.5% from total volume of investments) were used in production industries of economy, and 5.935 trillion soums (39.5%) – non-production industries.

According to the committee, 53.3% of investments into fixed capital fell to share of enterprises and population, 20% - foreign investments and credits, 11.9% - loans of banks and other credit resources, and 10.8% - off-budget funds, including Fund for Reconstruction and Development of Uzbekistan.

Share of the state budget in total volume of used investments into fixed capital made up 5.7% and fund for land reclamation – 0.3%.

State enterprises used investments for 3.363 trillion soums and non-state enterprises – 11.651 trillion soums in the reporting period.

About 23.6% of investments, used by the state enterprises, fell to share of the state budget, 24.6% - own resources of enterprises and population, 35.7% - off-budget funds, as well as 13.2% - foreign investments and loans.

About 59% of investments, used by non-state enterprises, fell to share of own resources of enterprises and population, and 21.9% - foreign investments and loans. Share of loans of the banks and credit resources made up 14.9% in total volume of used investments in the reporting period.

Largest volume of foreign investments and loans were directed to fuel-energy sector (58.1%) and transport and communication sector (24.1%).

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