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President chairs a meeting on increasing investments and exports

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President chairs a meeting on increasing investments and exports

On March 7, President Shavkat Mirziyoyev chaired a videoconference to discuss the progress of the government’s implementation of measures to achieve the targets of socio-economic development of industries and regions planned for the current year.

It was noted that in January-February this year, $687 million of foreign investments were used, including $615 million of foreign direct investment and loans. Since the beginning of the year, production facilities have been introduced for 506 projects with a total cost of $337 million, which provided the creation of over 7 thousand new jobs.

In 2 months, the volume of exports of goods and services exceeded $1.7 billion and increased by 20 percent compared to the same period in 2021. In particular, the export of construction materials produced by domestic enterprises increased by almost 2 times, electrical products – by 1.5 times, textiles, fruit and vegetable products – by 1.3 times.

At the meeting, the heads of industries and regions were instructed to promptly resolve logistical issues in the implementation of investment projects and export deliveries.

The Head of the state focused on issues of ensuring price stability in the domestic consumer market.

It was noted that for 2 months of this year, the inflation rate was 1.38 percent, which is lower than in the same period of 2021 (1.7 percent).

At the same time, sharp fluctuations in prices on global markets require additional measures on the part of the heads of responsible agencies and regions of the country to prevent sharp price changes in the domestic market, primarily due to saturation of the food market with goods in the required volumes.

The President gave a critical assessment of the work carried out by the heads of the regions to allocate an additional 80 thousand hectares of land to the population for the development of household farms and the cultivation of agricultural products in demand on the domestic market.

Specific instructions were also given to increase the efficiency of the allocated state funds for 2 trillion UZS for the development of fruit and vegetable growing and accelerate the development of these funds.

The heads of the regions were instructed to take measures to ensure the uninterrupted supply of products to food markets and the formation of necessary reserves for this purpose.

UzA