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

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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.