First quarter sees establishment of 8480 new small businesses

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April 26, 2016

First quarter sees establishment of 8480 new small businesses


According to the State Statistics Committee of the Republic of Uzbekistan, 8480 new small businesses were established in January-March of current year. As a result, the number of operating small businesses as on 1 April reached 211350 units or 9.4% more than the same period last year.

The share of small business in total industrial production made up 37.3% (in January-March 2015 – 32,6%), retail trade – 88.8% (85,2%) service sector – 57.1% (56.5%), carriage of goods – 41.5% (39.4%), passengers – 89.5% (87.4%) and employment – 77.1% (76.7%).

In January-March, small businesses and private entrepreneurship entities utilized 3235,9 billion soums of investments into the economy, which is 40.2% of the total volume of investments in the Republic. In addition, they performed construction work worth 4072,6 billion soums (68.4% of total construction works), which is 17.6% less than in the corresponding period last year.