Economic of the republic of Uzbekistan - Английский язык - Презентации

Информация о документе

Цена	3000UZS
Размер	1.1MB
Покупки	0
Дата загрузки	23 Сентябрь 2019
Расширение	pptx
Раздел	Презентации
Предмет	Английский язык

Economic of the republic of Uzbekistan

Купить

ECONOMIC OF THE REPUBLIC OF UZBEKISTAN

2Sustained high rates of economic growth (7-9% per annum on average) Main trends of social economic development of Uzbekistan  for the period of independence, the development of GDP based on purchase power parity has increased 3,5 times  volume of industrial production has grown more than 3 times during 1990-2011GDP growth rate (in % to the previous year) 8.5 7.0 7.3 9.5 9.0 8.1 8.3 8.1 0 2 4 6 8 10 2005 2006 2007 2008 2009 2010 2011 1 half of2012 Growth rate of industry production (in % to the previous year) 7.2 10.8 12.7 9.1 8.3 6.3 7.0 12.1 0 2 4 6 8 10 12 14 2005 2006 2007 2008 2009 2010 2011 1st half of2012

3№ Indicators Expected Forecast 2012 2013 2014 2015 1. Gross Domestic Product (GDP) 8.2 8.1 8.2 8.2 2. Level of inflation (end of period) 7-9 7-9 6.8 6.5 3. Volume of industrial products 8.6 8.4 9.1 9.3 4. Volume of agricultural products 6.9 5.8 5.2 5.1 5. Volume of Investment 9.3 9.1 9.4 9.7Main macroeconomic indicators of development of the Republic of Uzbekistan for the period of 2012-2015 (in % change to the previous year) Main trends of social economic development of Uzbekistan

Factors affecting to the growth rate of social economic development of the Republic of Uzbekistan 1. Maintaining macroeconomic stability, domestic and external equilibrium in the economy of the state; 2. Active industrial policy, aimed at structural changes, the rapid growth rate of the share of processing industry with the production of goods with high value added; 3. Implementation of innovative techniques, including energy- conserving; 4. Modernization and development of industrial infrastructure, particularly transport, power industry, water use and sewer systems, as well as means of communication; 4

5. Intensification of agricultural sector at the expense of the introduction of new technologies, water conservation, efficiency and productivity; 6. Further liberalization of economy and improvement business environment for developing small business and private entrepreneurship, as well as attracting foreign investment; 7. Stimulation and support for export; 8. Active investment on the building of human capital in the fields of education, health and physical training. 5Factors affecting to the growth rate of social economic development of the Republic of Uzbekistan

6Macroeconomic stability, internal and external balance of the economy have been ensured  a moderately tight monetary policy kept inflation below 7-8 percent Budget balance (in % to GDP)  balanced state budget – executed with a surplus since 2005  conservative policy of domestic and external borrowing. Government external debt doesn’t increase 7% of GDPMain trends of social economic development of Uzbekistan -0.8 -0.4 -0.4 0.1 0.5 1,1 1.0 0.2 0.3 0.4 - 1. 52 0 0 2 2 0 0 3 2 0 0 4 2 0 0 5 2 0 0 6 2 0 0 7 2 0 0 8 2 0 0 9 2 0 1 0 2 0 1 1 Inflation rate (in % to december of the previous year) 21.6 7.6 7.8 7.4 7.3 6.8 6.8 7.8 3.7 3.8 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

7 balanced foreign trade – sustainable surplus and over 6-times growth of the official reserves in the past 5 years Main trends of social economic development of Uzbekistan Volume and dynamics of Uzbekistan foreign trade (USD mln.)6212 3265 2947 317 9500 5409 4091 1318 21845 13045 8800 4245 25537 15027 10510 4517 13088 7165 5623 1242 0300060009000120001500018000210002400027000 2000 2005 2010 2011 1st half of 2012 Foreign trade turnover Export of goods and services Import of goods and services Foreign trade balance

8Implementation of large-scale structural reforms and diversification of the economy  structural reforms of economy have provided growth of industrial production share in GDP from 14,2% in 2000 to 24,1% in 2011;  implementation of transport and communication infrastructure development projects that increased share in GDP from 7,7% in 2000 to 11,7% in 2011;  qualitative changes in the structure of economy due to growth of services in GDP from 37% in 2000 to 50,5% in 2011. Main trends of social economic development of Uzbekistan

9Program includes: • Implementation of 519 large-scale industrial investment projects for the total of USD 47,3 bln.; • Advanced implementation of projects producing high-value-added industrial goods based on deep processing of local feed-stock and natural resources; • Annual growth of industrial production at the rate of 9-12%; • Increase of industry share in GDP from 24% in 2010 to 28% in 2015; • Increase of processing industries share in the structure of industry from 41% in 2010 to 49% in 2015; • Increase of export share in the volume of production from 42,3% in 2010 to 63,2% in 2015. Industries Value of projects (USD mln.) Total 47261,5 incl.: Oil-gas and petrochemistry 28562,1 Power 5470,6 Chemical industry 2867,1 Metallurgy 3065,7 Textile industry 1755,6 Machinery construction 145

Construction of Ustyurt Gas and Chemical Complex (on the base of Surgil gas field) and Mubarek Gas and Chemical Complex with total production capacity of 800 thousands tones of polyethylene and 100 thousands tones of polypropylene; Production of synthetic liquid fuel based on refined methane from Shurtan Gas and Chemical Complex (671 thousands tones of diesel, 278 thousands tones of air fuel, 370 thousands tones of naphtha, 65 thousands tones of liquefied gas); Construction of the modern combined-cycle power plants in Tashkent, Navoi and Talimarjan power stations, with the total capacity of 1746 MWt; Transferring units №1-5 of New Angren pover station to year-round coal firing (stage 1) with modernization of the section "Angren"; 10Program on priorities of industrial development of

Construction of urea and ammonia plant with production capacity of 660 thousands tones of ammonia and 1 mln. tones of urea; Expansion of Dekhkanabad potash fertilizers plant up to 600 thousands tones (II phase); Construction of propane-butane production plant at «Mubarek Gas processing plant» for increasing of liquefied gas production up to 258 thousands tones and condensate up to 125 thousands tones; Organization of production of conveyor belts, tires for agricultural machines and automobiles. 11Program on priorities of industrial development of the Republic of Uzbekistan for 2011-2015

Development of road infrastructure 12Development of transport infrastructure More than 2300 km roads sections of the Uzbek National Highway are being constructed and reconstructed; International Logistic Center in Angren city put in operation. Development and modernization of the railway sector Currently, 1030 km of railroad is being rehabilitated, 82.4 km are being constructed, and 278 km is under electrification; High-speed passenger trains «Talgo-250» have been purchased and high-speed railway line from Tashkent to Samarkand is introduced for their exploitation. Development of air transportation Construction of new passenger terminals at the airports of Bukhara and Tashkent are completed; Exploitation of new ten Airbuses A320-200 and two Boeing- 767-300 are started; The purchase of two

13For the years of Independence the aggregate tax burden decreased by almost 3 times. Moreover the Government provides additional tax incentives for exporters, small business enterprises and companies engaged in new investments and starting production of new goods and products Government support for development of the economy Taxes Maximum tax rates in 1992-2011 2011 Legal entities income tax 45% 9% Individual income tax 13%-60% 9%-22% Value added tax 30% 20% Single social payment 40% 25% Single tax payment for small enterprises 15,2% 6% (in industry - 5%)D yn ami cs o f tax bu r d en i n 1993-2011 (in % to GDP) 45.0% 21.9%30,2%41.0% 31.7% 23.2% 15%20%25%30%35%40%45%50% 1993 1996 2000 2005 2008 2011

14A stable banking and financial system in strict compliance with the Basel Core principles of banking supervision  Capital Adequacy Ratio – 3 times higher than international standards;  Total assets of banks – more than 2 times higher than the total balance of the deposits of population and legal entities, insuring complete protection and guarantee of timely payments;  for the last 10 years volume of loans to the real sector of the economy, financed from internal sources has increased by 35 times;  Total current liquidity of the banking system is 10 times higher than external payments due. Sources of credit portfolio of commercial banks (eq. USD mln)Government support for development of the economy(54%) (85%) (46%) (15%) 0,0 1000,0 2000,0 3000,0 4000,0 5000,0 6000,0 7000,0 8000,0 9000

Education system of the Republic of Uzbekistan New education system has been established, which consist of:  1539 new academic lyceums and professional colleges, with the capacity of 1.6 million students;  9791 renovated and newly constructed secondary schools for 4.6 million students.  66 institutions of tertiary education are functioning in the Republic with more than 300 thousand students, including branches of leading foreign universities: Moscow State University named after M. Lomonosov; Westminster International University; Turin Polytechnic Institute; Russian Economic Academy named after G. Plekhanov; Management Development Institute of Singapore; Russian State University of Oil and Gas named after M. Gubkin. 15

16From the beginning of economic reforms small business and private entrepreneurship development has made the basis of multi structure market economy formation  share of small business in GDP has grown from 31% in 2000 to 54% in 2011;  number of small business enterprises has increased 2 times during last 10 years;  share of small business enterprises in employment has increased from 49,7% to 74,8%;  share of small enterprises in the total volume of industry has grown from 12,9% to 21%. Small business and private entrepreneurship share (in %) 2000 201 1 in GDP 31,0 54,0 In industry 11,3 21,0 in construction 37,0 69,0 in retail turnover 45,3 47,0 in total employment 49,7 74,8 in export 10,2 18,8Small business and private entrepreneurship Dynamics of small business and private entreprene

The number of registered small business entities per 1000 employed people in 2011 in the countries of CIS (units) 173,439,5 23,1 16,9 14,9 14,1 0510152025303540 Uz be kistan Russia Ukraine Be larus Kaz akhstan Az e rbaijan

Government program “ The Year of Small Business and Private Entrepreneurship” The results of the Program: • at the legislative level, the principle of priority of the rights of entrepreneurs is established, according to which all unavoidable contradictions and ambiguities in laws and regulations shall be interpreted in favor of entrepreneurs; • 4 Laws of the Republic of Uzbekistan, more than 20 decisions of the President and the Government, aiming to reduce inspections of entities of business, to simplify and cheapen the registration and post- registration procedures and to create more favorable conditions for their activities are accepted; • fees for customs clearance of export is reduced by twice, a system of registration of export transactions by the principle of "one window“ and th

 The financial and economic activities of newly created small businesses cannot be target for planned tax audits in the first three years from the date of their state registration .  Moratorium of 3 years is declared to conduct tax audits of financial and economic activities of small business entities that pay taxes and other mandatory payments on time, as well as ensure sustainable growth rate and profitability . * Since January 1, 2012 the rate of individual tax payment has been decreased up to 5% out of revenue for microfirms and small enterprises in the field of industry .Reducing tax burden for small businesses and restricting the inspection of their activities 1915 8 7 638,2 50,1 52,5 54 0204060 2005 2009 2010 2011* Single tax rate Share of small business in GDP

20№ Indicators Number of abolished forms Overall reduction Number of reporting forms Total number of passing records during a year I. Statistical reports Total 65 by 1.4 times by 2.0 times including: 1. For large enterprises 58 by 1.4 times by 1.9 times 2. For entities of small business 7 by 1.6 times by 2.9 times II. Tax reports Total 6 by 1.4 times by 2.2 times III. Financial reports 1. For large enterprises 2 by 1.5 times by 1.5 times 2. For entities of small business 1 by 1.5 times by 1.5 times IV. Other reports Total 50 by 1.7 times by 3 times V. Permission procedures Total 80 by 1.3 times VI. Licensing activities Total 15 by 1.25 times Decree of the President of the Republic of Uzbekistan №DP-4453 dated July 16, 2012 “ About measures of drastically reducing the statistic

Decree of the President of the Republic of Uzbekistan №DP-4455 dated July 18 2012 “About measures of further radically improving of business environment and providing greater freedom for entrepreneurship” Since August 1, 2012, 22 norms (standards) and measures, aiming at further improving conditions of business environment have been introduced 21Cancelled: Optimized procedures (terms, cost) requirement for partly payment of the statutory fund before state registration of economic entities along with maintaining obligations on the formation of statutory fund within a year terms of authorization for connection to water supply networks and sewage systems has been reduced up to 2 days terms of providing access of telephone network for enterprises reduced up to 10 days rate of state fee for cre

The Program introducing in 2013-2014 measures on further radically improving of business environment and providing greater freedom of entrepreneurship is approved, which provides: Improvement of the legislation of the Republic of Uzbekistan; Implementation of 35 measures in the following areas: I. The acceleration of the procedures related to registration and the beginning of business activity; II. Measures to improve the lending procedures and improving the activity of credit bureaus; III. Strengthening the protection of the rights and interests of investors; IV. Further reduction in the tax burden on the business entities and improvement of tax administration system; V. Liberalization of procedures related to the implementation of foreign trade operations; VI. Further simplification of p

23Measures taken to improving the business environment and providing greater freedom of entrepreneurship in Uzbekistan Measures Results Indicators of the top ten countries according to the report "Doing Business" Reducing the number of procedures for the registration of new enterprises from 6 to 3 procedures 1-3 procedures Reducing the time spent on the registration of new enterprises from 14 to 4 days 1-13 days Reducing the initial costs of creating new enterprises from 27.2% of income per capita to 0% 0-25% of income per capita Reducing the number of procedures for obtaining building permits form 25 to 12 procedures 5-17 procedures Reducing the number of procedures for connection to power supply form 9 to 5 procedures 4-5 procedures

24Measures taken to improving the business environment and providing greater freedom of entrepreneurship in Uzbekistan Measures Results Indicators of the top ten countries according to the report "Doing Business" Reducing the number of procedures for registering property form 12 to 1 procedures 1-7 procedures Reducing the time spent on the registration of property from 78 to 7 days 2-38 days Reducing the number of tax payments from 41 to 7 payments 3-29 payments Reducing the number of documents for export from 6 to 4 documents 3-7 documents Reducing the number of documents for import from 11 to 5 documents 3-5 documents Reducing the expenses of litigation for execution of a contracts from 22.2% to 9% of the value of the claim 8.2-26.9% of the value of the claim

Купить