The Center for Economic Research and Reforms (CERR) conducted a study of entrepreneurial activity and the business environment in districts and mahallas (local communities) of Bukhara Region classified as areas facing challenging socioeconomic conditions.
The study surveyed 1,763 business entities operating across various parts of the region. It assessed production activities, access to financial resources, banking services, infrastructure provision, and the effectiveness of government incentives.
According to the findings, the average capacity utilisation rate among surveyed enterprises in Bukhara Region reached 79% in 2025.
The highest rates were recorded in Shofirkon (94%), Gijduvon (92%), and Jondor (89%) districts.
These findings indicate active utilisation of existing production capacity in several districts of the region.
The survey findings indicate positive outcomes in business lending by commercial banks.
In particular, 93% of loan applications submitted by entrepreneurs to commercial banks in 2025 were approved.
In Vobkent, Gijduvon, Jondor, Qorako‘l, Olot, and Peshku districts, 100% of loan applications covered by the survey were approved.
Furthermore, 51% of respondents reported that loan application procedures had become easier over the previous year.
Among entrepreneurs who had not applied for loans, 66% indicated that they had no need for borrowed funds.
The study also assessed the outcomes of government measures aimed at supporting entrepreneurship.
61% of surveyed entrepreneurs had benefited from government incentives, while 79% of these beneficiaries reported a positive impact on their business activities.
The highest rates of incentive utilisation were recorded in Qorako‘l (97%) and Shofirkon (82%) districts.
By sector, the share of businesses benefiting from government incentives reached 67% in industry, 62% in services, 59% in agriculture, and 51% in construction.
The most widely used support measures included tax incentives (69%), preferential credit arrangements (34%), and subsidies and grants (14%).
These findings indicate that existing financial and tax incentive mechanisms are supporting business activity across the region.
The study also identified promising opportunities for new investment projects in industry, agriculture, and food and agricultural processing in Bukhara Region.
Priority areas include the development of high-tech manufacturing, the establishment of modern small-scale enterprises specialising in meat, dairy, fruit and vegetable, and leather processing, as well as the construction of modern export-oriented greenhouse facilities.
In addition, proposals have been developed to expand business financing opportunities, including the introduction of new mechanisms based on Islamic finance principles.
The findings highlight the positive impact of government support measures for entrepreneurship and the potential to further utilise Bukhara Region's production and investment opportunities.Golibjon Tursunkulov, CERR
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