AS OF JANUARY 1, 2024, 766 INDUSTRIAL ZONES HAVE BEEN CREATED IN UZBEKISTAN
Ministry of Investment, Industry and Trade: In 2023, enterprises located in industrial zones manufactured products totaling 53.4 trillion soums and exported $972 million.
In 2024, 841 projects are planned to be launched in industrial zones in Uzbekistan.
In recent years, the country has been implementing a number of consistent, irreversible reforms aimed at creating an open, competitive economy, investment and industrial development, expanding foreign trade relations, and creating an attractive business environment for domestic and foreign investors.
According to experts, the effectiveness of the ongoing reforms provides a symbiosis of the best practices in developed countries, the capabilities of the national economy and the political will of the country's leadership to radically upgrade and improve the living standards of the population.
THE GROUNDWORK OF ECONOMIC REFORMS IN 2024 ON THE SITUATION IN THE ECONOMY AND THE TASKS SET
Obid Khakimov- director of theCenter for Economic Research and Reforms
The dynamic growth of the population of Uzbekistan requires at least high outstripping economic growth rates in order to adequately meet the growing needs and improve the standard of living of people. But this requires new, more balanced and verified approaches to ensure timely achievement of the set goals.
And these new approaches to economic policy were clearly manifested in the decisions taken at the important meetings held at the beginning of the year under the chairmanship of the President of Uzbekistan Shavkat Mirziyoyev on the situation in the economy and the tasks assigned to the economic divisions for 2024.
In general, the year 2023 was quite successful for Uzbekistan, then there were favorable changes in the economy. Gross domestic product grew by 6% compared to 5.7% in 2022. At the end of the year, the consumer price index dropped to 8.77% compared to 12.25% in 2022. Investment activity increased sharply – an increase of 22.1% compared to 0.2% in 2022.
ASSESSMENT OF POVERTY INDICATORS IN THE REPUBLIC OF UZBEKISTAN BY THE END OF 2023
The CERR jointly with the Statistics Agency, assessed the level of monetary poverty in Uzbekistan. By the end of 2023, poverty in the country decreased by 3.1 percentage points. The experts explained how the poverty profile has changed and in which regions the incomes of the population have shown the greatest growth.
According to the results of the assessment of the Statistics Agency under the President of Uzbekistan, by the end of 2023, the poverty level in Uzbekistan has decreased to 11.0%.
The Center for Economic Research and Reforms conducted an analysis of changes in the level of well-being of the population of Uzbekistan in 2022-2023 based on data from a household budget survey throughout the republic.
It should be noted that the change in the poverty level in Uzbekistan has been revised based on the best international practices. Thus, the international calculation method used is based on the concept of the World Bank.
"FOUNDATION OF THE COUNTRY, SUPPORT OF THE STATE"
Akmal Saidov-academician, doctor of legal sciences, Member of the Union of Writers of Uzbekistan
"...(Alisher's) titles were written like this: "The guide, the highest point of honor and respect, the head of religion and statesmen, the strength of the leaders of the country and nation, the initiator of good deeds, the developer of charity institutions, the pillar of the kingdom, the ruler of kings Amir Alisher, the leader, the hope and trust of the sultan's state, the sultan's close friend, the law of truth and religion.
From the work "Ravzat us-safo" by Khondamir
This year, on February 9, the 583rd anniversary of the birth of the great poet and thinker Alisher Navoi is widely celebrated. All the cultural and educational activities related to this blessed day will logically complement each other and will be of great importance in raising the spirituality of our country.
A new work on the life and work of Navoi
INFOGRAPHICS: TRADE AND INVESTMENT COOPERATION BETWEEN UZBEKISTAN AND CHINA
The Center for Economic Research and Reform (CERR) has prepared an infographic that presents an analysis of the development of Uzbekistan's foreign trade relations with China over 6 years (2017-2022) and the investment potential of the two countries.
China is one of Uzbekistan's leading trading partners and a leading investor in the Uzbek economy.
The analysis of the CERR shows that in recent years, trade, economic and investment cooperation between Uzbekistan and China has been developing dynamically and covers new areas of cooperation.
In the period 2017-2022, the total volume of bilateral trade increased 1.9 times from $4.7 billion (in 2017) to $8.9 billion (in 2022, an increase of 19.9% compared to 2021).