Comprehensive measures to further improve the business environment, to ensure reliable protection of small business and private entrepreneurship, to remove the barriers for their comprehensive support and accelerated development contributed to the creation of some 31 thousand new small businesses in 2016, according to SSC information service.
As a result, the number of small businesses operating in the country as on January 1, 2017 made up 218170 units, up by 11066 units YoY. Available favorable conditions for small business and private entrepreneurship entities, according to preliminary results of January-December 2016, resulted in the growth of their share in the gross domestic product of the country to 56.9% (in January-December 2015 – 56.5%), industry – 45% (40.6%), services – 60.5% (57.8%), exports – 28.5% (27%) and employment – 78.1% (77.9%).
In January-December 2016, small businesses and private entrepreneurs utilized investments into the economy worth 19963,2 billion soums, or 40.3% of the total volume of investment of the republic. They also performed construction work at 20677,7 billion soums (70.7% of the total construction works), up by 15.6% YoY. (UzReport/Business World Magazine)
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