Cistran Finance Exploring the Spirit of Capitalism's New Frontier

Friday, October 20, 2017

Uzbekistan president speaks on 2013 socio-economic development

President of Uzbekistan Islam Karimov delivered a speech at the Cabinet of Ministers meeting on Jan. 17 on socio-economic development in 2013 and the main priorities for 2014.

In the speech, Karimov noted the eight percent growth in the country's GDP in 2013. The industrial output grew 8.8 percent, agricultural output grew 6.8 percent and the trade surplus amounted to $1.3 billion.

The country also saw the share of industry in GDP exceed 24 percent, with mechanical engineering and metal processing growing by 121 percent. The building materials industry grew 113 percent.

There were 26,000 new businesses launched in 2013 and an increase in exports of 10.9 percent. Additionally, the establishment of the Fund for the Support of export activities of business and entrepreneurs and its regional branches led to the signing of 153 contracts worth $56 million.

A second part of the meeting was dedicated to presentations on further growth and included such topics as the development of new product types, the coordination of activities in regulation of market competition and the creation of balanced working conditions.