The state budget for 2022 is expected to have revenues of 200 trillion soums and expenditures of 215.4 trillion soums. The Information Service of the Ministry of Finance has announced the draft State Budget for 2022. While GDP growth is projected at 6% in 2022, the downward trend in inflation is expected to continue and be around…

In connection with the announcement of November as the “Month of Tourism for the Elderly” in Uzbekistan, voluntary discounts have been introduced for services in hotels and restaurants. According to the Ministry of Tourism and Sports, voluntary discounts of up to 50% have been introduced in 223 accommodation services (hotels and guest houses) in the country,…

According to the press service of the Energy Ministry, several projects for the construction of hydropower plants have been launched in Uzbekistan. In particular, the UAE company Masdar signed agreements on the construction of a 500 MW wind farm in Tomdi district (Navoi region) worth $600 million. When this station is fully operational in 2024, it…

The President Shavkat Mirziyoyev chaired a government meeting on the privatization of state-owned enterprises in Uzbekistan on November 8, the presidential press service said. In 2021-2022, it is planned to reduce the number of enterprises with a state’s share by at least 3 times. 619 state assets worth 4.5 trillion soums have been sold year-to-date,…

In January-September 2021, Uzbekistan exported 25,171 vehicles worth US$ 242.5 million, the State Statistics Committee said in a report on Monday. Reportedly, compared to the same period last year, the export of the vehicle increased by 14,036 units. At the same time, in January-September 2021, Uzbekistan imported from 22 foreign countries about 18,150 passenger cars…