The 12th International Exhibition-Fair of Leather, Footwear, Haberdashery, Localized Products, Fur and Wool UzCharmExpo 2022 has started its work at Uzexpocentre NEC.  The organizer of the prestigious forum is the Uzcharmsanoat Association in cooperation with Ministry of Investments and Foreign Trade of the Republic of Uzbekistan. UzCharmExpo 2022 is the point where professionalism and experience…

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…

The parties issued several previously announced loans at the sessions of the World Bank and the IMF. Uzbekistan will receive international loans under five agreements. They amount to $575 million, Spot reports with reference to the press service of the Ministry of Economic Development. The signing of the documents took place at the spring session of the…

With the latest development, the total number of green factories now stands at 160 The United States Green Building Council (USGBC) has recognized three more readymade garment factories in Bangladesh as green – raising the total number of environment-friendly establishments in the apparel sector to 160. The latest, Epyllion Knitwears Ltd was rated gold while…

It was noted that in order for Uzbekistan to join the ranks of countries with higher incomes by 2030, the GDP growth rate should be much higher than the current level. The World Bank has published a new study analyzing the main challenges and opportunities for socio-economic development of Uzbekistan. It contains recommendations on overcoming obstacles to…