The sale of foreign currency by the population increased markedly. However, the demand for foreign currency has increased even more. The flow of money transfers from abroad in the first quarter of 2022 increased slightly, according to the data of the Central Bank. In three months, Uzbekistan received transfers worth $1.47 billion. As noted by the regulator,…
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The projected system will include management of land, water and financial resources. The World Bank will provide Uzbekistan with funds to create a digital system for agriculture, Spot reported with reference to the Ministry of Agriculture. On April 13, Deputy Minister of Agriculture Kakhramon Yuldashev and Director of the Center for Digitalization of Agro-Industry Saidazam Alimov met…
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…