Business activity across Uzbekistan’s regions is strengthening – CERR
A comprehensive monitoring of key indicators of regional business activity in Uzbekistan shows growth across all major metrics.
According to preliminary data from the Tax and Customs Committees, the Central Bank, and the Republican Commodity and Raw Materials Exchange, the Center for Economic Research and Reforms is monitoring business activity across the regions of the Republic of Uzbekistan.
Over January–October of the current year, tax revenues showed stable positive dynamics, increasing by 17.4% compared to the same period last year.
The most notable growth in tax receipts was recorded in Navoi, Tashkent, and Syrdarya regions, as well as in the city of Tashkent, where the average growth rate reached around 40%.
Customs payments increased by 20% year-on-year. The highest growth rates were observed in Syrdarya region (up 81%) and the Republic of Karakalpakstan (up 43%).
Stable positive dynamics were also registered in Navoi, Tashkent, and Namangan regions and in the city of Tashkent, where revenues grew on average by 25%.
Based on the analysis of foreign economic indicators, merchandise exports increased by 14.3%. The strongest growth in export volumes was observed in Surkhandarya (nearly 80%) and Samarkand regions (39%).
A significant increase in lending activity was recorded in parallel. Over the period under review, the volume of loans issued by commercial banks rose by 39.6%. The highest growth was noted in Syrdarya (+85.2%) and Namangan regions (+51%). In Bukhara, Navoi regions and the city of Tashkent, lending growth also exceeded 40%.
The volume of transactions on the Uzbek Republican Commodity and Raw Materials Exchange increased by 23.4% compared to last year. Rising exchange activity was observed in most regions of the country, especially in the Republic of Karakalpakstan, where activity grew by 38.5%. Significant expansion was also registered in Kashkadarya and Bukhara regions, with average growth of around 35%.
Sultonmurod Ozodov, CERR
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