According to the Ministry of Agriculture, three-quarters of imported oils and seeds come from Kazakhstan. Uzbekistan has reduced imports of sunflower seeds and oil, Spot reports with reference to the press service of the Ministry of Agriculture. In January-March, 21.3 thousand tons of vegetable oil and 39 thousand tons of sunflower seeds were imported into…

Russia’s invasion of Ukraine will slow economic growth in Uzbekistan to 3.6% in 2022, compared to pre-crisis estimates of about 6%. According to the World Bank, an expected 50% drop in remittances (due to a weaker ruble and the collapse of the Russian economy) and higher prices for oil, wheat and vegetable oil will sharply…

According to the State Statistics Committee, the foreign trade turnover of Uzbekistan and Turkey in January-February 2022 was: Foreign trade turnover – US$521.2 million Export – US$238.4 million Import – US$282.8 million Export (high share) Industrial products – US$200.4 million Chemical products – US$18 million Services – US$5.5 million Import (high share) Machinery and equipment…

UzFood is an effective business platform that has been the best platform in Uzbekistan for over two decades to demonstrate a wide range of food and beverages, the latest technologies in the food and processing industry, packaging and storage of finished products. The role of the exhibition is also evidenced by the assessments of specialists,…

The Asian Infrastructure Investment Bank (AIIB) and the Republic of Uzbekistan have signed a US$108-million loan to electrify the Bukhara-Miskin-Urgench-Khiva railway line. The agreement was signed on the sidelines of the Tashkent International Investment Forum 2022 held earlier in March by AIIB Vice President, Investment Operations (Region 2) Konstantin Limitovskiy and Uzbekistan Deputy Prime Minister,…