As previously reported by Spot, Shavkat Mirziyoyev is holding a meeting regarding the year's outcomes in the field of entrepreneurship support and plans for this direction for 2025.

This year, Uzbekistan's GDP grew by 6.3% to reach $111 billion, despite a challenging geopolitical environment, the president stated. The volume of investments in industry, agriculture, and services amounted to $38 billion, with exports reaching $26 billion.

With the participation of entrepreneurs, it was possible to provide employment and a stable income for 387,000 individuals from low-income families and 40,000 persons with disabilities. The poverty rate is expected to decrease to 9%, with plans to reduce it to 6% by 2025.

The GDP is projected to reach $120 billion next year, with investments in the Uzbek economy increasing to $42 billion and exports to $30 billion. The goal is to provide employment for 5 million people and lift 1.5 million out of poverty.

The number of private enterprises paying profit tax has reached 365,000. The importance of creating conditions to increase their revenues, alongside ensuring salary growth for their employees and formalizing their status, was emphasized.

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Currently, 30% of private sector workers formally earn less than 1 million sums per month, with this issue being particularly acute in the largest sectors of the economy—light industry, construction, hospitality, and agriculture.

For textile and leather enterprises with salaries of at least 2.5 million sums and a minimum of 15% of employees from low-income families, tax exemptions on profit tax and personal income tax apply. Similar measures are proposed for other sectors.

Other topics discussed at the meeting included:

  • The cost of the Sea Breeze Uzbekistan tourist center on the shores of Charvak is estimated at $10 billion, and 23 hotel brands will enter the market;
  • Banks will attract $6 billion from abroad for business loans;
  • The excise tax on mobile communications will be abolished, and benefits for IT Park and private schools will be extended;
  • A support center for entering international financial markets will be opened;
  • The reserves of Uzbekistan's mineral resources are estimated at $1 trillion;
  • The airports of Bukhara and Namangan will be transferred to private management;
  • A project for a revised Customs Code is planned to be developed.

Earlier, Spot reported on the Tax Committee's plans to halve the shadow sector by 2030.