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Baltic journal "otkrytiy gorod”: about the achievements of Uzbekistan in detail

2016-09-22 | Economics

The Latvian magazine "Open City" has published an article entitled "Uzbekistan joined the world's top leaders in the rate of economic growth".

The expanded publication has praised the solid progress of Uzbekistan during the years of independent development along the path of democratization and liberalization of society and economy, achieving high performance in all directions.

The article, saturated with color glossy pictures, contains detailed information about the ongoing large-scale reforms in the socio-economic, socio-political and other spheres in our country.

The article emphasizes that an estimated rating of the authoritative World Economic Forum, entered Uzbekistan to the top five countries with the fastest growing economy in the world by the end of 2014-2015, and forecast growth for 2016-2017. "The World Bank report said that Uzbekistan is in the top ten countries, which in the past year have greatly improved the business environment. These achievements are a clear indication of what the country has achieved in 25 years of independence", - says the publication.

Along with this, the article says about the investment potential of Uzbekistan, and an opportunity to do business created in our country. In particular, it lists the benefits of investing, provides information on current special industrial zones in the country, where advanced technologies are used and new production capacity develops.

"The light industry was the biggest beacon for foreign investors. It created the largest number of new enterprises with the most modern equipment. The total volume of foreign investments in the sector since independence is exceeded $ 2.5 billion, thanks to this over 290 large investment projects have been implemented", - said the "Otkrytiy gorod".

Also in the material highlights the achievements of our country in important areas such as education, banking, agriculture, foreign economic cooperation.

As the edition informs, one of the key sectors of Uzbekistan's economy is agriculture: horticulture, viticulture and livestock. The volume of production of agricultural products during the years of independence has increased more than 2 times. Republic exports more than 180 species of fresh and processed fruit and vegetable products. More than 120 countries around the world have the opportunity to enjoy the excellent taste of Uzbek products.

However, the authors introduce readers with the reforms in the field of education in the country. It is emphasized that the annual cost of this area makes up 10-12% of GDP, which is almost twice of the relevant UNESCO recommendations. It is also noted that the amount of funds allocated from the state budget to the social sector, is constantly growing, for example in 2015 the figure was more than 60%.

Summarizing the article, the authors emphasize that the anniversary - 25 years of the state independence of our republic has been met with great enthusiasm. "Uzbekistan intends to vigorously carry out structural reforms in the economy, to rise the quality of life of the population, to invest in the education of young people and build mutually beneficial relations with other countries", - concludes the Baltic edition.

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