Volume of direct investments in Uzbekistan doubled in H1

The volume of direct investments in Uzbekistan has doubled in the past six months compared to the previous year, reaching $14 billion. President Shavkat Mirziyoyev reported this during a meeting with entrepreneurs in Nukus.

Photo: Presidential press service

This increase reflects growing investor confidence in doing business in Uzbekistan, according to a Telegram channel update from the president’s press secretary, Sherzod Asadov.

The number of private sector employees earning more than 5 million UZS has exceeded 1 million, with 370,000 of them earning over 10 million UZS.

“This indicates that our entrepreneurs find legitimate business activities and healthy competition more advantageous than working in the shadows,” said the president.

The number of businesses classified in the “good” categories “A” and “B” in the entrepreneurship ranking has increased by 91,000, while 170,000 businesses have been moved out of the “worst” category “D.” As a result, tax inspections have been reduced by half compared to the previous year, including a threefold decrease in desk audits.

During this period, revenues from major taxpayers increased by 10%, revenues from regional enterprises rose by 25%, and taxes paid by district entrepreneurs grew by 40%.

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