« Tendencies and perspectives of development of Uzbekistan leasing market » Z.B. Mustafaev General Director of Uzbekistan Lessors’ Association II ANNUAL INTERNATIONAL CONFERENCE September 21-23 , 2011. Agenda. Macroeconomic indicators of Republic of Uzbekistan during independence years
«Tendencies and perspectives of development of Uzbekistan leasing market»
General Director of Uzbekistan Lessors’ Association
II ANNUAL INTERNATIONAL CONFERENCE
September 21-23, 2011.
Neighboring countries: Turkmenistan, Afghanistan, Kazakhstan, Kyrgyzstan, and Tajikistan.
Population: More than 28 million.
Main export commodities: cotton,foodstuff, chemical products, natural gas,plastic material and goods from plastic,metal, automobiles, equipment and others.
1. Sustained high rates of economic growth (7-9% per annum on average),fueled mainly by the internal factors, have been provided:Major outcomes of economic reforms in Uzbekistan
2. Macroeconomic stability, internal and external balance of the economy have been ensured:Major outcomes of economic reforms in Uzbekistan
Foreign trade balance (USDmln.)
3. Expansion of export potential and diversification of export structure:Major outcomes of economic reforms in Uzbekistan
Share of main sectors of economy in GDP (in % to GDP)
* One-time operation on leasing 4 aircrafts by National bank of Uzbekistan for Foreign Economic Activity is not included
1st stage: 1991 -1999 years.
Implementation of international mechanisms and
formation of legal base for lease operations.
2nd stage: 1999 -2005 years.
Improvement of legal base for lease operations and establishment of leasing market.
3rd stage: 2005-2010 years.
Popularization of leasing andformation of competitive environment in leasing market.
Number of leasing companies
Established in 2005
Top 5 Leasing Companies
(8,9 billion sums)
Top 5 Banks
More than 150 participants from 15 countries
World Bank, IFC, ICD and others.
For more information:www.tilf.uz
Uzbek Leasing International A.O. Узбекистана
Existing demand for mini technology by SMEs
Modernization, technical and technological improvement of industrial sector such as: machine-building, chemical, oil/gas and others.
Development of sectors with high potential to grow and potential export volumes such as: electro-technical, textile, food processing, tourism and etc.
Realization of transport-communication projects, construction and reconstruction of road infrastructure, development of roadside infrastructure contributes to increase of leasing volumes in such spheres as: motor vehicle, special vehicle, road construction machines and others.
Existing tax benefits
Thank you for attention A.O.!