The government hopes that the country’s current account deficit will go within the next two years after being negative for most of the past decade. In the medium term, the balance of payments (BOP) will improve further, and the current account balance would return to a positive quadrant by the end of FY26, said the…
On January 25 , 10-year government bonds worth 10 billion soums were issued for the first time at the Republican Currency Exchange (UzRCE) . Also on that day, 5-year government bonds worth 174.5 billion soums were placed. The weighted average coupon payment on these securities amounted to 15% and 14.5% per annum, respectively, setting a benchmark for a 10-year…
According to the State Statistics Committee, in January-December 2022, the foreign trade turnover of Uzbekistan reached $50,008.4 million, which, compared to the same period in 2021, increased by $7,837.9 million (an increase of 18.6%). Uzbekistan has trade relations with 204 countries. The largest volume of foreign trade turnover was recorded with Russia (18.6%), China (17.8%),…
As of January 1, 2023, the number of enterprises operating in Uzbekistan with the participation of foreign capital amounted to 15,801. According to the State Statistics Committee, this figure increased to 2,512 compared to the same period last year.
The Minister of Investments, Industry and Trade Laziz Kudratov has met with the Chairman of Indorama Corporation Prakash Kejriwal, in Singapore. The parties discussed issues of further deepening cooperation. Indorama Corporation has established and successfully operates a cotton yarn production enterprise in Uzbekistan’s city of Kokand, a textile cluster for the production of yarn and…