Today the fleet consists exclusively of modern aircrafts from the world ’ s leading manufacturers Boeing and Airbus . Aircrafts , with the flag of Uzbekistan on fuselage , fly to more than 40 destinations in Europe , Asia and North America . Implementation of structural transformation and diversification of the economy is supported by steady growth of banks ’ resource base , expansion of the share of long-term funding sources and increase of commercial banks role in these processes . If in 1990 loans exceeding three years constituted about 24 % of the total loan portfolio , now their share is 80 %.
The current capital adequacy ratio is ensured and three times higher than international standards of the Basel Committee on Banking Supervision . For the fifth consecutive year , Moody ’ s international rating agency assesses the prospects of the banking system of Uzbekistan as “ stable ”. Now , all commercial banks of the Republic are rated with a stable outlook from leading international rating companies , as Standard & Poor ’ s , Moody ’ s and Fitch Ratings . In modern conditions , in the era of the Internet and electronic Uzbekistan attaches prior attention to wide introduction of modern information and communication technologies in the fields of economy , a radical acceleration of the creation of the « Electronic Government ». In recent years this sector of Uzbekistan ’ s economy is developing rapidly . It must be recognized that the country is only at the initial stage and the ICT share accounts for only about 2 % of GDP .
However , the country has all necessary resources and opportunities for more rapid development of the sector , with a view of growing up professional workforce capacity trained by foreign universities operating in in Tashkent such as South Korean Inha University and education institutions of Uzbekistan . In recent years , small businesses and private entrepreneurship became the main vehicle of the economic growth in Uzbekistan . Almost none-existed before the Independence , currently the small business generate over 56 % of the GDP . Today , more than 90 % of all enterprises are represented by small businesses . During the years of independence , as a result of steady reduction in tax rates , broadening of tax base and liberalization of fiscal regime , the total tax burden on the economy has been reduced from over 45 % to 19.5 %, while the unified tax rate for small industrial enterprises decreased by more than 3 times - from 15.2 % to 5 %. The services became the most promising and dynamically developing sector of the economy of Uzbekistan . If at early 1990s , the share of services in the economy represented about 33 %, currently 54 % of GDP is generated by this sector . Moreover , new types of services were created , with over 21 % share out of total volume if the sector . Among them - the digital ICT , mobile services , computer programming , consulting , legal and auditing , real estate and brokerage , private medicine , car insurance , new types of financial services , including leasing , e-banking and others . The structure of agricultural production has radically changed during the years of independence . Implementation of food security measures provided significant increase in the volume and range of domestic foodstuffs . As a result , annual grain production has increased from less than 1 million to more than 8 million tons over the years of independence . Now , Uzbekistan is a wheat exporting country .
Extensive measures on comprehensive support and development of farmers ’ movement , strengthening the material-technical base of farms , efficiency
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