January 18, 2014
(Extraordinary)
Uzbekistan’s GDP grows by 8% in 2013. 2
Uzbek industrial enterprise to cut prime cost by 10% in 2014. 2
М.Аскаров
А.Каипбергенов
Press-service of MFA of the Republic of Uzbekistan
POLICY
Uzbekistan’s GDP grows by 8% in 2013
The growth of the gross domestic product of Uzbekistan made up 8% in 2013, the President of Uzbekistan Islam Karimov stated at the session of the Cabinet of Ministers of Uzbekistan on 17 January 2014.
The session summed up results of social-economic development of Uzbekistan for 2013 and approved main priorities of economic programmes for 2014.
President of Uzbekistan Islam Karimov said that the gross domestic product (GDP) of Uzbekistan grew by 8% in 2013, industrial production – 8.8%, agriculture output – 6.8%, retail trade – 14.8%, services – 14.3%, and construction works – 16.6%.
The state budget was executed with 0.3% surplus to the GDP. The inflation did not exceed forecasted parameters and made up 6.8%. Foreign trade surplus made up US$1.3 billion in 2013. The exports rose by 10.9%.
Uzbek President Islam Karimov said that the share of industry in GDP of Uzbekistan exceeded 24% in 2013 compared to about 14% in 2000.
Uzbekistan attracted investments for US$3 billion, of which 72% were foreign direct investments. Implementation of some 150 production projects with total cost of US$2.7 billion was completed within the investment programme in 2013.
As reported earlier, the Government of Uzbekistan expects that the growth of GDP of Uzbekistan will make up 8.1% in 2014, industrial output – 8.3%, agriculture production – 6%, and capital investments – 9.5%.
(Source: (UzDaily.com)
economy
Uzbek industrial enterprise to cut prime cost by 10% in 2014
Industrial enterprises of Uzbekistan will decrease prime cost of production by 10% in 2014.
The Government of Uzbekistan issued a resolution “On additional measures on decreasing production expenses and reducing prime cost of products in industry” on 8 January 2014.
The document is directed at further improving competitiveness of products of the Uzbek enterprises, increasing volume of its production and realization in internal and external markets, ensuring sustainable development of industry and export potential.
The resolution said that business unions and large enterprises of Uzbekistan developed joint complex measures directed at decreasing production expenses and reducing prime cost in 2014.
The enterprises are planning to decrease production expenses and reduce prime cost due to decreasing energy consumptions and raising energy efficiency of production, rational use of technological processes and raw materials, decreasing exploitation and non-production expenses through introduction of information-communication technologies.
The expenses will be also cut due to growth of labour efficiency, optimization of number of employees, etc.
The government approved parameters of decreasing expenses and reducing prime cost at the business unions and large enterprises at the average level of 10%, including due to decrease of production expenses – 8.3%.
Industrial enterprises are planning to decrease production expenses by 1.22% due to saving of energy resources, 1.47% – decreasing technical losses, 2.63% – optimization of raw material use, 0.49% – optimization of employees’ number, etc.
In particular, enterprises of Uzbekneftegaz are planning to cut prime cost by 14.7%, Uzbekenergo – 14.5%, Almalyk Mining and Metallurgy Combine – 6.6%, Navoi Mining and Metallurgy Combine – 7.4% and Uzkimyosanoat – 11.5%.
The enterprises of Uzavtosanoat are planning to reduce prime cost by 6.9%, Uzeltekhsanoat – 10.6%, Uzbekyengilsanoat – 10%, Association of enterprises of food industry – 8.5%, Association Uzbekcharmpoyabzali – 6%, Uzbekistan Temir Yollari – 6%, Uzpharmsanoat – 11.5%, etc.
According to the document, the enterprises will keep the saved funds in the result of the adopted measures and use on their own will.
(Source: Uzdaily.com)