On February 10, President Shavkat Mirziyoyev held a meeting on current work in the field of nuclear energy and priority tasks for the future. To meet the growing needs of the population and economic sectors in our country, all energy sources are used. In addition to traditional generation capacities, about 4 gigawatts of alternative energy…
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The Legislative Chamber of the Oliy Majlis of Uzbekistan has published for public discussion a draft law that plans to approve the Concept of state policy to ensure freedom of conscience of citizens and in the religious sphere. General Provisions The concept defines the goals, objectives, principles and priority areas of state policy in the religious sphere, as…
Malaysia was among the first states to recognize Uzbekistan’s independence and establish diplomatic relations with our country on February 21, 1992. The foundational principles of these relations were enshrined in the April 3, 1993 Joint Communiqué of Uzbekistan and Malaysia. The two states maintain a productive dialog at the highest level, which contributes to strengthening…
President Shavkat Mirziyoyev held a meeting on the draft State Program for the “Year of Environmental Protection and Green Economy. Over the past three years, 16 large solar and wind power plants with a total capacity of 3.5 gigawatts have been commissioned in various regions, alongside the construction of 35 small hydropower plants. The industrial…
a telephone conversation took place between the President of the Republic of Uzbekistan, Shavkat Mirziyoyev, and the President of the European Council, Charles Michel, during which key issues of bilateral and regional relations were discussed. The President of Uzbekistan congratulated Charles Michel on his election as the President of the European Council and wished him…
The event was attended by leaders of the Museum of Islamic Art, Cairo University, representatives of the Ministry of Foreign Affairs of Egypt and the Embassy of Uzbekistan in Cairo, as well as professors, lecturers, and students. During the discussions chaired by Cairo University’s Vice-Rector Ahmad Rajab Rizq, a recipient of Uzbekistan’s “Friendship” Order, the…
1 January 2025, Uzbekistan recorded 283,600 active individual entrepreneurs (IEs), reflecting a 17.91% increase compared to the previous year, according to the press service of the Tax Committee. Nearly 83% of entrepreneurs opted for fixed-rate income tax, 16.2% chose turnover tax, and 0.9% are registered as VAT payers. The registration rate of new IEs surged…
Toshkent shahridagi Prezident maktabi barqaror rivojlanish bo‘yicha Shayx Zoid Ol Nahayon nomidagi nufuzli mukofot (Zayed Sustainability Prize)ning «Global o‘rta maktablar» nominatsiyasida g‘olib deb topildi. Bu haqda jurnalist Aziza Qurbonova xabar berdi. Mukofotni BAA prezidenti Shayx Muhammad bin Zoid Ol Nahayon topshirdi. Mukofot 5 yo‘nalishda – sog‘liqni saqlash, ta’lim, energiya, suv va global maktablar yo‘nalishida beriladi.…
President of Uzbekistan Shavkat Mirziyoyev departed for the United Arab Emirates (UAE) on an official visit, upon the invitation of UAE President Sheikh Mohammed bin Zayed Al Nahyan. During his visit, high-level negotiations will take place in Abu Dhabi, along with meetings with leaders of key organizations, companies, and financial institutions in the country. Additionally,…
President of Uzbekistan Shavkat Mirziyoyev arrives in the UAE At the invitation of the President of the United Arab Emirates Sheikh Mohammed bin Zayed Al Nahyan, the President of the Republic of Uzbekistan Shavkat Mirziyoyev arrived in the UAE on 13 January for an official visit. He was greeted at Abu Dhabi International Airport by…
Messages about queues at a vehicle testing ground in the Pskent district of Tashkent region have spread on social networks. Since November 1, the Agency for Technical Regulation has changed the procedure for technical inspection of imported cars (we published a detailed analysis ). Vehicles imported from abroad are tested not on customs territory, but at the…
Presidents of Uzbekistan Shavkat Mirziyoyev and the United Arab Emirates Sheikh Mohammed Al Nahyan held talks in a narrow format and with the participation of members of official delegations in Abu Dhabi, the press service of the head of state reported . They discussed issues of deepening Uzbek-Emirati relations, including in political, trade and economic, investment, innovation,…
Five fatalities have been recorded in the Samarkand region due to poisoning from homemade alcohol, the General Prosecutor’s Office press service stated. According to the information, the tragedy occurred on 11 January. Four people died at home, and another passed away in the hospital. Currently, specialists are conducting an investigation to determine all the circumstances…
Uzbekistan will adopt a Concept for the development of the transport and logistics system and transit potential until 2030. This was announced on January 11 in an interview with the Uzbekistan 24 TV channel by Transport Minister Ilkhom Makhkamov. According to him, it is planned to organize work in five areas, including creating conditions for…
The program of the visit envisages holding meetings and events in the cities of Abu Dhabi and Dubai. In the capital of the UAE, the Head of our state will hold bilateral talks with President Sheikh Mohamed bin Zayed Al Nahyan, meet with the heads of the country’s leading state organizations, companies and banks, and…
In Uzbekistan, the first “mahalla bankers” have begun their operations. A total of 264 branches have been opened in Tashkent region, and recruitment for local assistant agents is currently underway. These bankers are responsible for exploring business opportunities, engaging with local residents, and supporting the implementation of their projects. They also assist in securing loans,…
Uzbekistan to introduce subsidies for tour operators attracting tourists from low-traffic Uzbekistan has approved a procedure for providing incentive subsidies to tour operators who attract tourists from countries with low tourism traffic. This decision aims to stimulate the development of tourism and diversify tourism routes. Subsidies will be provided to legal entities engaged in tourism activities…
On the instructions of the President of Uzbekistan, it is planned to purchase an additional 1,000 buses for Tashkent in 2025. This was reported on January 11 in an interview with the Uzbekistan 24 TV channel by the Minister of Transport of Uzbekistan Ilkhom Makhkamov. In October 2023, the Tashkent Khokimiyat signed an agreement with China’s BYD…
Entrepreneurs and officials from Uzbekistan and the UAE signed new agreements, the press service of the Ministry of Investment, Industry and Trade reported . On Monday, officials and business leaders from the two countries met in Abu Dhabi ahead of President Shavkat Mirziyoyev’s visit. The parties discussed the development of trade, economic and investment cooperation, as well…
President Mirziyoyev ordered to purchase 1,000 buses for the Tashkent public transport in 2025, the Minister of Transport, Ilkhom Makhkamov told the Uzbekistan 24 TV channel on Saturday. In October 2023, the Tashkent city mayor’s office signed a purchase agreement with BYD for 2,000 K9UD eBus electric buses. In addition, according to the minister, 675…
Wanderlust Travel Magazine conducts an annual Reader Travel Awards survey where 168,000 travelers vote for their favorite destinations across 22 categories. Uzbekistan was named the most promising emerging destination by readers who also voted for the most promising travel spots worldwide this year. Uzbekistan is praised for its historical richness and stunning natural landscapes, ranging…
On December 3, 2024, at the plenary session of the Legislative Chamber of the Oliy Majlis, the draft law “On the State Budget of the Republic of Uzbekistan for 2025” was considered in the second reading. The discussion was distinguished by its content and breadth of the issues raised. New approaches to budget development At…
On December 3, the President of the Republic of Korea, Yun Seok-yeol, declared martial law, explaining it as a need to protect the constitutional order. The decision caused discontent and shock among citizens. Just 2.5 hours later, the parliament voted to lift martial law. The opposition initiated impeachment proceedings against the president and also criticized…
The region occupies a key position in the economy of Uzbekistan due to its developed trade, industry, tourism, transport and agricultural sectors. Within the framework of the planned goals, 120 projects with a total value of 4.1 billion dollars were identified. It is planned to attract investments in the amount of 1.85 billion dollars, create…
One of the major agricultural exhibitions in Central Asia, AgroExpo Uzbekistan / Agrotech Expo-2024, will take place in the pavilions of Uzexpocentre National Exhibition Complex in Tashkent from November 27 to 29, 2024. Over 100 leading Uzbek and foreign companies from Germany, Austria, China, India, Turkey, Italy, the Netherlands, Iran, Russia and other countries will…
Officials of Uzbekistan’s Consulate General held talks with the CEO of National Company of Kazakhstan, Aktau Sea Commercial Port Abai Turikpenbayev. During the meeting, the parties exchanged views on the technical capacities of Aktau Sea Commercial Port and the prospects for delivering Uzbek products to third countries via this seaport. Abai Turikpenbayev noted that the…
“While conflicts are escalating around the world, the political tandem of Shavkat Mirziyoyev and Kassym-Jomart Tokayev is striving to turn Central Asia into the safest, most prosperous, and friendly region,” said Saida Mirziyoyeva, Assistant to the President of Uzbekistan, in her speech at the Zakovat Games held in Astana. “Today, the friendly relations between Uzbekistan…
UAE-based Masdar has announced its latest project: a 1000 MW wind power plant in the Uchkuduk district of the Navoi region. Photo: Ministry of Energy The agreement between Masdar and Uzbekistan’s Ministry of Energy was finalized during the COP29 climate conference, marking a major step forward in the country’s push for sustainable energy solutions. This…
Uzbekistan’s draft state budget for 2025, now open for public review, reveals plans to focus on economic growth, infrastructure, and social sector enhancements. The budget anticipates a 6% GDP growth rate alongside an inflation rate hovering around 7%, with the state aiming to maintain the budget deficit at 49.3 trillion UZS, or 3% of GDP.…
On October 23-24, a working trip was organized with the support of the Uzbek Embassy to Islamabad, Rawalpindi and Karachi of Pakistan for a business delegation, led by the leadership of the Chamber of Commerce and Industry of Uzbekistan. Business forum took place in Rawalpindi during the visit. At the forum, the parties agreed to…
The Cabinet of Ministers of Kyrgyzstan has approved an initial investment of $14 million towards the construction of the China-Kyrgyzstan-Uzbekistan railway. This allocation will serve as the first contribution from Bishkek to the project company’s charter capital, according to a report by 24.kg. Photo: Dunyo Kyrgyz Prime Minister Akylbek Japarov signed the directive authorizing this…
The European Bank for Reconstruction and Development (EBRD) may provide funding for the construction of a major railway linking China, Kyrgyzstan, and Uzbekistan, according to Uzbekistan’s Ministry of Transport. On November 12, Mamanbiy Omarov, Uzbekistan’s First Deputy Minister of Transport, held a meeting with an EBRD delegation led by Ekaterina Miroshnik, Director of Eurasian Infrastructure at the…
The agreement between Masdar and Uzbekistan’s Ministry of Energy was finalized during the COP29 climate conference, marking a major step forward in the country’s push for sustainable energy solutions. This new plant is projected to generate 3.5 billion kWh of electricity annually, equivalent to saving approximately 1 billion cubic meters of natural gas each year. The construction…
The President of Uzbekistan Shavkat Mirziyoyev introduced a series of initiatives aimed at enhancing economic cooperation and technological development among CIS member countries during the CIS summit held in Moscow on October 8. The summit, chaired by Russian President Vladimir Putin, was attended by leaders from Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Armenian Prime Minister…
The working visit of the President of the Republic of Uzbekistan Shavkat Mirziyoyev to Azerbaijan concluded after a busy schedule of events. On November 12, the head of state delivered a speech at the plenary session of the World Leaders’ Summit during the 29th session of the United Nations Framework Convention on Climate Change Conference…
On November 12, 2024, as part of the visit of the Uzbekistan delegation to Switzerland, a Memorandum of Understanding was signed between the Institute for Strategic and Regional Studies under the President of the Republic of Uzbekistan (ISRS) and the Global Community Engagement and Resilience Fund (GCERF). The document was signed by ISRS Director Eldor…
high-level event on “Effective rehabilitation and reintegration of returnees from North-Eastern Syria – Uzbekistan’s experience – from global to local” was held at the United Nations Headquarters in Geneva. The conference was organized by the Institute for Strategic and Regional Studies under the President of the Republic of Uzbekistan (ISRS) and the Global Community Engagement…
Budget Allocations and Key Priorities The draft legislation, titled “On the State Budget of the Republic of Uzbekistan for 2025,” outlines revenue of 308.5 trillion UZS against expenses of 290.2 trillion UZS, excluding inter-budgetary transfers. Key allocations demonstrate an emphasis on educational and social services, with the Ministry of Preschool and School Education receiving a…
This data comes from an analysis conducted by the Anti-Corruption Agency, based on information disclosed by the State Tax and Customs Committees regarding the utilization of tax and customs incentives for the first six months of 2024. According to the findings, the total value of tax and customs incentives during this period reached 63.4 trillion UZS, significantly…
Saidov joined his counterparts from Azerbaijan, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Turkmenistan to discuss key issues for strengthening cooperation between the member states. In a statement on his Telegram channel, Saidov highlighted the discussions, emphasizing the historical ties that unite the CIS countries. “These long-standing relationships serve as a solid foundation for our…
Shavkat Mirziyoyev meets with delegation from the Russian Federation Tashkent, Uzbekistan (UzDaily.com) — On 1 November, President of Uzbekistan Shavkat Mirziyoyev met with a delegation from the Russian Federation led by Deputy Prime Minister Dmitry Chernyshenko. The delegation also included Ministers Alexey Chekunov and Sergey Kravtsov. The discussions focused on strengthening Uzbek-Russian relations and implementing agreements…
On October 17, the President of the Republic of Uzbekistan Shavkat Mirziyoyev received the head of the Foreign Intelligence Service of the Republic of Azerbaijan Orkhan Sultanov, who is in Uzbekistan on a working visit. Mr. Orkhan Sultanov conveyed the sincere greetings and best wishes of the President of Azerbaijan, Ilham Aliyev, to the Leader…
This data comes from an analysis conducted by the Anti-Corruption Agency, based on information disclosed by the State Tax and Customs Committees regarding the utilization of tax and customs incentives for the first six months of 2024. According to the findings, the total value of tax and customs incentives during this period reached 63.4 trillion UZS, significantly…
A delegation of the European Union in Uzbekistan and the United Nations Development Programme visited innovation groups in the Fergana region, which focus on advanced agricultural and aquaculture practices, the UNDP press service said. The delegation included EU Ambassador to Uzbekistan Toivo Klaar, UNDP Resident Representative Akiko Fujii, as well as scientists, local farmers and…
It is planned to bring Uzbekistan’s gross domestic product to $200 billion by 2030 and the GDP per capita at $5,000, which is above the initial forecasts, the First Deputy Economy Minister Ilkhom Norkulov announced after a meeting with the president on Thursday. In 2022, the authorities set a goal of achieving a GDP of $160…
Presidents of Uzbekistan and Belarus discuss key issues of bilateral cooperation Photo: Archive, Press Service of the President of Uzbekistan Tashkent, Uzbekistan On 30 August, a telephone conversation took place between the President of the Republic of Uzbekistan Shavkat Mirziyoyev and the President of the Republic of Belarus Alexander Lukashenko. At the start of the…
Tashkent, Uzbekistan A meeting took place between the leadership of Uzbekneftegaz and the international consulting firm KPMG, focusing on enhancing collaboration and transforming the company’s business processes. Particular attention was given to implementing advanced international practices and strategic solutions to meet global market requirements. KPMG, a leading global provider of audit, tax, and legal services,…
IMRI experts conduct new price monitoring for food products Tashkent, UzbekistanIn September 2024, experts from the Institute of Macroeconomic and Regional Studies under the Cabinet of Ministers of the Republic of Uzbekistan (IMRI) conducted a new price monitoring of food products across 21 items in major supermarkets in Tashkent. The results of the study indicated…
President of Uzbekistan Arrives in Russia President of the Republic of Uzbekistan, Shavkat Mirziyoyev, has arrived in Moscow for a working visit. At Vnukovo International Airport, the head of state was welcomed by Maxim Oreshkin, Assistant to the President of the Russian Federation, along with other officials. On 8 October, the main events of the…
Tashkent, Uzbekistan On 19 September 2024, President Shavkat Mirziyoyev was briefed on the implementation of reforms in the agricultural sector. Uzbekistan is actively harnessing the potential of its agricultural sector, focusing on cotton cultivation, horticulture, greenhouse farming, and food processing. These areas are undergoing reforms aimed at increasing productivity and economic efficiency. Cotton cultivation spans…
Tashkent, Uzbekistan At a recent plenary session of the Legislative Chamber of the Oliy Majlis, the draft law “On Railway Transport” was reviewed for the second reading, aimed at regulating relationships within the sector. The bill is designed to create a competitive environment, attract the private sector to the railway industry, and eliminate monopoly practices.…
Uzbekistan is considering opening a regional distribution center in Qatar, according to the press service of the Chamber of Commerce and Industry (CCI). On September 5, CCI Chairman Davron Vakhabov discussed with Ali bin Abdullatif Al-Misned, a board member of the Qatar Chamber of Commerce, the project to create a distribution center for Uzbek goods in Hamad…
Kazakhstan plans to begin importing electricity from Tajikistan using Uzbekistan’s transit capacity, according to the press service of Kazakhstan’s Ministry of Energy. In 2023, Kazakhstan and Tajikistan signed a memorandum of understanding that includes electricity supplies from the Rogun Hydroelectric Power Station from 2023 to 2032. The Rogun Hydroelectric Power Station is an under-construction hydroelectric facility in…
On Thursday, August 29, the Central Bank updated the prices for gold bars and commemorative coins. The price of one gram of the precious metal reached 1,061,660 UZS, rising by 0.8% in a single day. A 5-gram gold bar is now valued at 5.266 million UZS. Over the past month, gold prices have set new records five…
In surveys conducted among entrepreneurs, 38 percent expressed a desire to obtain resources based on Islamic finance principles. This was revealed during a public dialogue with entrepreneurs, where President Shavkat Mirziyoyev also mentioned that last month, microfinance institutions were authorized to provide services based on Islamic terms. “If the prepared draft law is adopted, banks…
The Competition Promotion and Consumer Protection Committee has initiated a case against “Uzbekneftegaz,” according to a statement from the committee’s press secretary, Otabek Usmanov. The capital’s branch of the committee reviewed two tenders by the state company on the government procurement portal, each for 4.8 billion UZS. The committee found violations by “Uzbekneftegaz” of Article 29 of…
President Shavkat Mirziyoyev announced that a new draft law on Islamic finance has been prepared. Once adopted, this law will allow banks to operate using Islamic finance principles, potentially leading to an additional $5 billion in resources. Photo: Presidential press service In surveys conducted among entrepreneurs, 38 percent expressed a desire to obtain resources based…
Wind power plants and industrial units projects were launched and shopping malls were inaugurated in Karakalpakstan. The launch ceremony was attended by President of Uzbekistan Shavkat Mirziyoyev, the presidential press service said. In recent years, 10 solar and wind power plants with a total capacity of 2.6 GW have been commissioned through $2 billion in…
The Malaysian company Sunview Group plans to build a 200 MW solar power plant in Ferghana region. This was reported by the press service of the Ferghana regional administration. Ferghana region governor Khayrullo Bozorov met with representatives of Sunview Group to discuss the implementation of the renewable energy project. The project’s initiation was announced during…
According to the MIIT, at the meeting, the parties discussed the current state of relations and measures for further expanding trade, economic, and investment cooperation. Agreements were reached on taking mutual measures to increase the volume of bilateral trade and establish partnerships between the business structures of the two countries. Efforts will also be intensified…
Kun.uz has conducted interviews with students who are studying in the USA, the UK, and Hong Kong through the “El-Yurt Umidi” Foundation. They attribute their achievements to dedication to learning, relentless pursuit of goals, and continuous effort. Additionally, the scholars feel accountable to the people. They acknowledge that the funds spent on their education could…
According to data from the Central Bank, the volume of foreign direct investment (FDI) increased 2.5 times in the first half of this year. From January to June, the volume of decentralized investments in Uzbekistan’s economy increased by 38.7%, which contributed to an overall investment growth of 32.7%. In the first half of the year,…
TST Group is poised to diversify its operations with the setting up of a subsidiary textile cluster in Azerbaijan, the press service of the Uztekstilsanoat said. Negotiations between TST Group and officials of the Agency for Development of Economic Zones of Azerbaijan took place on Monday, during the visit of an Uzbek delegation led by…
There are about a thousand electronics production units in Uzbekistan. While, almost all enterprises of the industry are privately owned, with the total number of people employed in the industry standing over 35 thousand people. Reportedly, the New Uzbekistan Development Strategy for 2022-2026 has an item to increase by the year 2026 the volume of…
In the first half of 2024, the economies of Uzbekistan’s main trading partners showed positive dynamics. Kazakhstan’s GDP grew by 3.3%, Kyrgyzstan’s by 8.1%, China’s by 5%, and Russia’s by 5% for January-May. Inflation in Uzbekistan accelerated: prices rose by 5.2% compared to December last year, and the consumer price index in June increased by…
Beeline Uzbekistan’s Southwest Branch has expanded its coverage area in the region and connected the under-construction MTO Gas Chemical Complex in Bukhara Region to the network. Several thousand specialists will work at the facility, and in the future, one of the world’s largest polymer production plants will be launched there. The Karakul SEZ is located…
According to EastFruit analysts, the watermelon market in Uzbekistan and Central Asia is currently facing significant challenges. Producers are reporting a lack of demand, leading many to leave their watermelons unharvested in the fields. Some have resorted to harvesting watermelons solely to feed them to livestock. EastFruit’s wholesale price monitoring indicates that small wholesale prices for fresh…
A Presidential Decree “On Measures to Improve the Financial and Economic Status of Enterprises in the Cotton Industry” was signed. According to the Decree, the following measures are outlined to financially rehabilitate cotton-textile clusters: Clusters that fully repay the concessional loans provided by commercial banks for cotton cultivation in 2023 using funds from the State…
For the first time in the history of Uzbekistan’s banking system, Uzpromstroybank has issued international bonds on the main market of the London Stock Exchange in Reg S and 144A formats, denominated in US dollars and Uzbek soums. The issuance of international bonds in Reg S and 144A formats has enabled the bank to reach…
From September 8-10, the International Textile Manufacturers Federation (ITMF) and the International Apparel Federation (IAF) are jointly holding their annual convention for the first time in their histories at Silk Road city of Samarkand, Uzbekistan. IAF and ITMF organize it with their mutual Uzbek member, the Uzbek Textile & Apparel Industry Association. The theme of…
Deputy Minister of Transport Jashurbek Choriev met with the Ambassador Extraordinary and Plenipotentiary of the Federative Republic of Brazil to Russia, Rodrigo de Lima Baena Soares. The meeting focused on the development of cooperation in the field of transport and logistics. The parties also discussed proposals for implementing joint projects with major Brazilian companies. João…
On 1 July, President of Uzbekistan Shavkat Mirziyoyev reviewed a report on measures to enhance energy efficiency across sectors and regions. As the population and number of enterprises grow, so does the demand for energy resources in our country. Corresponding measures are being taken to increase generating capacities and harness alternative energy sources. Equally important…
In order to reliably ensure traffic safety and prevent traffic jams, Tashkent city traffic safety department asked citizens to use public transport as much as possible when visiting parks, and not to stop and leave their personal vehicles in places that disturb others, in violation of traffic rules. Traffic policemen were attracted to ensure traffic…
The Legislative Chamber of Oliy Majlis has considered the draft law on combating the illegal mining of minerals in its first reading. The bill entails stricter repercussions for the extraction of mineral resources from the subsoil of Uzbekistan without authorization, with a particular focus on combating illegal artisanal mining of precious metals and stones. The Criminal Code…
Mam Minerals plans to produce batteries for electric scooters in the Peshku district. Photo: Presidential press service Canadian company Condor Energies Inc. plans to invest $582 million in hydrocarbon raw material extraction (oil and gas) at the “Kumli” deposit located in the Bukhara region, Spot reports. Over the past seven years, the Bukhara region has attracted $4…
On May 29, the first session of the Uzbek-Malaysian Intergovernmental Commission was held in the city of Kuala Lumpur. Photo: Dunyo IA The event was organized as a practical implementation of the agreements reached between the President of Uzbekistan, Shavkat Mirziyoyev, and the Prime Minister of Malaysia, Anwar Ibrahim, during the high-level negotiations that took…
Concerns are rising as citizens of Uzbekistan face increased deportations from Turkey. Beknazar Rakhmatov, the author of the Telegram channel “Uzbeks in Turkey,” was denied entry to Turkey. He announced this on his channel. On May 28, the blogger was detained by special services at Istanbul Airport and reported being deported despite legally living and working in…
In May 2024, prices for goods and services in the consumer sector saw an average increase of 2.8 percent. According to the Statistics Agency, the annual increase (compared to May 2023) in prices within the consumer sector reached 10.6 percent. In May of 2024, within the composition of the consumer price index, prices for food products…
In the Freedom of the Press Index for 2023, compiled by the international non-governmental organization Reporters Without Borders, Uzbekistan ranked 137 out of 180 countries. Last year, the republic occupied the 133rd place. “Uzbekistan has no private television network. State-owned radio transmits official propaganda, privately owned radio stations abstain from any criticism for fear of…
During the spring season, more than 600,000 seedlings were planted in areas without irrigation systems. Some ministries, departments and sectors have not paid enough attention to planting activities, the Senate of Oliy Majlis stated. On May 31, the Minister of Ecology, Environmental Protection and Climate Change reported on the work carried out on greening, tree planting…
a meeting of representatives of the railway administrations of Uzbekistan, Kyrgyzstan, Turkmenistan, Azerbaijan, Georgia and Türkiye was held in Tashkent on the development of freight transportation along the CASCA+ transport corridor. The meeting was also attended by representatives of large exporting enterprises, in particular, Uzkimyoimpex, Almalyk Mining and Metallurgical Plant, UzAvtoSanoat JSC, Tashkent Pipe Plant…
Tashkent, Uzbekistan (UzDaily.com) — Uzbekistan plans to join the World Trade Organization (WTO) before the 14th ministerial conference, which will be held in Cameroon in 2026. This was announced by Deputy Prime Minister Jamshid Khojaev, who headed the country’s delegation at the eighth meeting of the working group on Uzbekistan’s accession to the WTO. In his…
From June 1 to August 1, 2024, the maximum retail price for one cubic meter of methane gas at car fueling stations has been set at 3,750 UZS. Photo: Kun.uz On May 25, 2024, the Cabinet of Ministers adopted a decision to extend the maximum retail price for methane gas. The Energy Ministry reported this…
Photo: Foreign Labor Migration Agency The Foreign Labor Migration Agency issued a warning to Uzbeks staying in Kazakhstan due to weather conditions. In recent days, a number of inconveniences related to road traffic are occurring in the regions of Kazakhstan as a result of the sudden cooling of the weather. Also, traffic on national highways is limited…
Awami League General Secretary Obaidul Quader said that actions will be taken as per the law once anyone violates rules, he said The government will not provide any protection to former inspector general of police (IGP) Benazir Ahmed and former army chief General (retd) Aziz Ahmed, said the Prime Minister’s Private Industry and Investment Adviser,…
President Shavkat Mirziyoyev got acquainted with a presentation on the activities of Asakabank and the Business Development Bank to attract investments and support small and medium-sized businesses on 29 May. There is high investment activity in our country, and many economic projects are being implemented. Accordingly, banks are increasingly involved in these processes. The plans…
TST Group is poised to diversify its operations with the setting up of a subsidiary textile cluster in Azerbaijan, the press service of the Uztekstilsanoat said. Negotiations between TST Group and officials of the Agency for Development of Economic Zones of Azerbaijan took place on Monday, during the visit of an Uzbek delegation led by…
“The head of state signed the law of the Republic of Kazakhstan “On the ratification of the treaty on alliance relations between the Republic of Kazakhstan and the Republic of Uzbekistan,” the Oqorda report reads. Earlier, on April 25, Senate deputies ratified the treaty on alliance relations between Kazakhstan and Uzbekistan. The relevant agreement was…
On the square in front of the residence, the national flags of the two countries were raised and an honor guard lined up. President of Uzbekistan Shavkat Mirziyoyev warmly welcomed the high-ranking guest and invited him to the podium. National anthems were played. Under the sound of a military band, the leaders passed in front of the…
ACWA Power will build “green” hydrogen production plant in Chirchik by the end of the year. The regional director of the company, Abid Malik, spoke about this on May 14, as part of Energy Week (UEW 2024), in an interview with Spot. A representative of ACWA Power said that construction of the plant began jointly…
The President familiarized himself with measures to ensure energy security. In particular, from April 1, it is planned to reform gas and electricity tariffs and introduce social norms, re-registration of agreements on the purchase of electricity worth $49 billion, etc. The Agency for Strategic Reforms under the President presented to Shavkat Mirziyoyev the measures for…
The fund’s economists note that the government of Uzbekistan must maintain momentum in the fight against corruption, building on sustained and significant progress in improving public administration and ensuring the rule of law. “The mission recommends that laws on declaration of assets and conflicts of interest be introduced in the near future and that an…
Tashkent, Uzbekistan In order to ensure the implementation of the tasks set during the visit of the President of the Republic of Uzbekistan to the Namangan region on 25-26 March, 2024, and to ensure the comfort of passengers, the intercity train “Namangan – Chodak – Namangan” was launched. On this occasion, a solemn ceremony was…
Tashkent, Uzbekistan — Prime Minister of Malaysia Anwar Ibrahim will pay an official visit to Uzbekistan from 17 to 19 May. The visit was organized at the invitation of the President of the Republic of Uzbekistan Shavkat Mirziyoyev. The program of the first day of the visit includes events and negotiations at the highest level in…
According to the conclusion of the mission of the International Monetary Fund, the escalation of the war in Ukraine, the volatility of commodity prices and the possibility of stagnation in the world economy constitute external risks for the economy of Uzbekistan. Among the internal risks, the delay in reducing public expenditures, the emergence of obligations…
This began after the terrorist attack in the Crocus City Hall concert hall in Moscow, which occurred at the end of March. According to a migrant from Uzbekistan, 75% of such cafes in Moscow have been closed due to frequent police checks. Photo: RT In Russia, cafés and restaurants opened by migrants began to close…
Deals totaling $26.6 billion were inked at the 3rd edition of the Tashkent International Investment Forum, the press service of the Ministry of Investment, Industry and Trade said. In 2023, 167 documents worth $11 billion were signed within the forum, and in 2022 – $7.8 billion. In particular, agreements were reached on the implementation of…
On April 30, President of Uzbekistan Shavkat Mirziyoyev signed a decree on improving the mechanisms for issuing mortgage loans and improving the living conditions of the population in 2024. From May 1, when issuing mortgage loans for the purchase of apartments on the primary housing market, the requirement to insure the subject of the mortgage…
On the sidelines of the Tashkent International Investment Forum and the meeting of the Foreign Investors Council today the President Shavkat Mirziyoyev hosted a delegation led by the chairperson of the US-Uzbekistan Chamber of Commerce Carolyn Lamm, the presidential press service said. The meeting was also attended by CEOs from Air Products, CNH Industrial and…
As Shavkat Mirziyoyev said at the Tashkent International Investment Forum, foreign investors will now be exempt from taxes on dividends received on shares for a period of three years. Photo: Presidential press service The third Tashkent International Investment Forum started with the participation of President Shavkat Mirziyoyev. At this moment, the president is speaking at…
President of Uzbekistan Shavkat Mirziyoyev paid a state visit to Dushanbe. President of Tajikistan Emomali Rahmon met the head of state at the airport of the capital. In honor of the high-ranking guest, a guard of honor was lined up and the national flags of the two countries were raised. Representatives of Tajik youth and…
In Jizzakh, an e-sports arena was created on the site of a former tennis court. The main hall, designed for 1.2 thousand spectators, is modernly equipped. In addition, there are 12 educational and training rooms, a conference room, a dormitory for 35 people and a cafeteria. The arena can also host international competitions in boxing,…
Now in Tashkent, companies can connect Yandex Go for business. In the future, it is planned to launch the service in other cities of Uzbekistan. This will make it easier for company employees to organize work trips: now you can call a taxi through the application, and trip reports will be reflected in your personal…
Tashkent, Uzbekistan (UzDaily.com) — Presidents of Uzbekistan Shavkat Mirziyoyev and Tajikistan Emomali Rahmon made statements for media representatives following the results of high-level negotiations. The President of Uzbekistan sincerely thanked the President and the people of Tajikistan for the traditionally warm and hospitable welcome. The parties highly appreciated the results of the summit meetings, which were…
Prices for import cargo transportation increased by 25%, for export cargo – by 35%. Demand for transportation to Russia decreased by 26%, which may be caused by banks’ fears of falling under secondary sanctions. This data is provided by the international Freight Exchange ATI.SU. At the end of the first quarter, the number of applications…
Tashkent, Uzbekistan — At the invitation of the Institute of Foreign Trade of the Kingdom of Spain (ICEX), a delegation led by the Chairman of the Board of Uzsuvtaminot JSC is in the city of Madrid. According to this proposal, on 15 April, a meeting was held with the Director General of the Department of Foreign…
Tashkent, Uzbekistan (UzDaily.com) — Following the high-level talks, the President of the Republic of Uzbekistan, Shavkat Mirziyoyev, and the President of the Republic of Tajikistan, Emomali Rahmon, signed a Treaty on Allied Relations. In addition, a ceremony for exchanging bilateral documents took place in the presence of the heads of state. In general, during the visit,…
President of Uzbekistan Shavkat Mirziyoyev was informed about the privatization program for 2024 and measures aimed at its effective implementation. During a video conference on economic development, held on 16 January 2024, the Cabinet of Ministers was instructed to prepare a new privatization program. In accordance with this, a new program was developed based on…
Tashkent, Uzbekistan — On 17 April, the Minister of Investment, Industry and Trade of the Republic of Uzbekistan Laziz Kudratov took part in the Uzbek-Tajik investment business forum, held in Dushanbe on the eve of the official visit of the President of the Republic of Uzbekistan Shavkat Mirziyoyev to this country. The event was co-chaired by…
Tashkent, Uzbekistan — On 15-17 April, the VII International Exhibition of Fur, Leather and Light Industry “Soft Gold of Russia” was held in the city of Pyatigorsk. Representatives of the Uzcharmsanoat association take an active part in the exhibition, as well as in the business program from Uzbekistan. The International Exhibition of Fur, Leather and Light…
According to the press service of the head of our state, thanks to an active foreign policy, our country’s international relations are increasingly expanding. Tashkent is becoming a center of business activity and tourism. For this reason, special attention is paid to the development of transport infrastructure. In recent years, Tashkent International Airport named after…
Ambassador of Uzbekistan Oybek Shakhavdinov met with Deputy Secretary of State for Foreign Economic Relations of the Ministry of Foreign Affairs and Trade of Hungary Katalin Bihari, Dunyo news agency reported. The parties appreciated the strong development of traditional friendship and multifaceted strategic partnership between Uzbekistan and Hungary in all areas of mutual interest. During…
The Center for Economic Research and Reforms (CERR) in its regular overview analyzes the changes that have occurred in the real estate market. In March, the real estate market was characterized by a decrease in activity. During the period under review, 17.8 thousand real estate purchase and sale transactions were concluded, which is 20% less…
As noted at the press conference following the results of the activities of the Navoi Mining and Metallurgical Combine joint-stock company for 2023, the gold mining plant retains its status as the largest taxpayer in the country. In 2023, products worth 67.5 trillion were produced. soums, the growth rate compared to 2022 was 103.8%. The…
This was discussed during a recent presentation to the head of state of plans for the construction of highways. It is planned to implement the project “Construction of internal roads with cement concrete pavement” with the participation of the Asian Development Bank. As part of the project, 841 kilometers of roads with cement concrete pavement…
Clear weather is expected in Uzbekistan today . However, from April 2 to 3, humid air masses from the south of the Caspian Sea will bring changes. In the Kashkadarya and Surkhandarya regions, as well as in the Samarkand and Jizzakh regions in the afternoon of April 2, and in the Tashkent, Samarkand, Jizzakh, Syrdarya regions and…
During January-March (20th) 2024, over 376.5 thousand tons of mineral fertilizers were sold through electronic trading at the Uzbek Republican Commodity and Raw Materials Exchange, which is 13.5% less than for the same period in 2023, UZEX News reports “ Sales volume in January amounted to 99.2 thousand tons, in February – 156.1 thousand tons and in…
TASHKENT, July 16. /IA “Doone”/. The President of Turkmenistan, Serdar Berdimuhamedov, allowed the heads, except for the agricultural complex and the khyakims of the velayats (regions), to go on labor leave from August 1 to September 1, the correspondent of the Dune news agency reports. According to the state news agency “Turkmenistan Today” (TDH), the…
Deputy Minister of Foreign Affairs of Uzbekistan Muzaffar Madrakhimov met with Ambassador of Poland Radoslaw Gruk, reports “Dunyo” IA correspondent. According to Uzbekistan MFA, the parties reviewed the current state and prospects for the development of Uzbekistan-Poland relations in political, trade, economic, cultural and other spheres. The sides exchanged views on the schedule of upcoming…
Ayni paytda Prezident Shavkat Mirziyoyev Xorazm viloyatini ijtimoiy-iqtisodiy rivojlantirishning ustuvor vazifalari yuzasidan yig‘ilish o‘tkazmoqda. Yig’ilishda Urganch shahridagi Maxsus tibbiyot industrial parkiga 50 million dollarlik 12 ta loyiha joylashtirilishi qayd etildi. Yil yakuni bilan farmatsevtika korxonalari sonini 26 taga, mahsulot turini 50 taga yetkazish muhimligi taʼkidlandi. Umuman, aytilgan imkoniyatlardan foydalanib, viloyatga 1,5 milliard dollar sarmoya, shundan 1…
The information service of Uzbekistan Temir Yollari JSC published an appeal from the Chairman of the Board of the Joint Stock Company Zufar Narzullaev to industry workers: It is no secret that today in our country there is a fierce and uncompromising struggle to prevent and combat corruption in various spheres of state and public…
Beeline Uzbekistan makes online shopping even more convenient by offering a wide product range, transparent pricing, and the ease of purchasing on a single platform, BeeMarket. hat is BeeMarket? It is more than simply an online store where customers can find anything they need, including smartphones, accessories, household appliances, and electronics. It is a platform…
The delegation of the European Union to Uzbekistan has launched grant projects for the development of civil society. Funding of 3.5 million euros is divided between 8 civil initiatives that are aimed at supporting women, youth, as well as ecology and sustainable water management. Eight initiatives aimed at empowering civil society, especially women and vulnerable…
The head of state was presented with proposals on issues of streamlining migration and supporting migrant workers, UzA reports. According to these proposals, the Agency for External Labor Migration under the Ministry of Employment will be transformed into a management body in the form of a state institution. The director of the agency will simultaneously…
The resolution of the Cabinet of Ministers, adopted on March 25, 2024, introduces new conditions for the implementation of investment projects based on public-private partnerships in the capital of Uzbekistan. According to the document, certain facilities in Tashkent can now be leased to entrepreneurs for up to ten years with the possibility of implementing projects worth up…
On March 28, the President signed a decree on the second stage of the implementation of the “Comprehensive Development of Rural Territories” project with the participation of the Islamic Development Bank. The goal of the project is to improve the socio-economic level of rural areas through the construction of roads, communication networks and social facilities. As part…
UzAuto Motors has announced the opening of sales for Labo vehicles tomorrow, the company’s press service reported. On March 29 at 10:00 AM, the online contract signing for 18,000 Labo LB2 Plus cars will commence. The cost of the vehicles will remain unchanged at 96,370,000 UZS. UzAuto Motors notes that in response to the increasing market…
Cooperation between Uzbekistan and Oman has reached a new level thanks to the export of traditional Kokand halva. Under the auspices of the Uzbek embassy, online negotiations took place between Abdulatif Kholmatov, director of the Kokand halva factory “Avvali”, and Yasser al-Nabhani, head of the Omani company East Coast Jewels LLC. As part of the…
The Anti-Corruption Agency held a meeting of the Commission to assess the effectiveness and efficiency of the work being carried out in the field of ensuring openness, the Agency’s press service reports. At the meeting, the final results of the Openness Index, aimed at assessing the effectiveness and efficiency of the work carried out in…
By Resolution of the Cabinet of Ministers of the Republic of Uzbekistan No. 173 dated March 30, 2024, the validity period of the maximum retail price established for methane gas is extended. Now, when selling natural gas at gas compressor stations for passenger cars, its maximum retail price is set at 3,350 soums per cubic…
On May 3, the Jogorku Kenesh of Kyrgyzstan adopted in three readings the draft law “On the ratification of the protocol on amendments to the Agreement of October 3, 2006 between the Government of Kyrgyzstan and the Government of Uzbekistan on mutual travel of citizens”. The agreement was signed on January 27, 2023 in Bishkek. The protocol…
Issues of further strengthening Uzbek-American strategic partnership relations and building up multifaceted interaction were discussed. The high level of bilateral cooperation achieved in recent years, the ongoing active contacts and exchanges of visits were noted with particular satisfaction. Last September, the first summit of leaders of Central Asian countries and the United States in the C5+1…
On March 29, the Cabinet of Ministers approved a set of measures aimed at “reducing the negative impact of automotive transport on the atmospheric air.” The text of the resolution has been published on Lex.uz. The document establishes a legal basis for issuing ecological stickers to automobiles and motorcycles depending on the volume of pollutants in the…
The Chinese CITIC Construction could be engaged of the Tashkent-Chinaz highway reconstruction project. This became known during a meeting between the Minister of Transport Ilkhom Makhkamov and the management of the company. The parties discussed highway construction and reconstruction projects in Uzbekistan. CITIC Construction expressed its intended to bid for Pungan-Namanga and Tashkent-Chinaz highways reconstruction…
A press conference was held in Tashkent on the stages of introducing digital labeling of goods in Uzbekistan, its main tasks, the importance of labeling for protecting public health and the rights of entrepreneurs, and the system’s plans for the future.As part of the event, acting Head of the department for control of product labeling…
Gas production in Uzbekistan in February 2024 dropped to 3.71 billion cubic meters (BCM), the Statistics Agency said in an industrial output report. This is the minimum since September last year (3.77 billion). Compared to February 2023 – production fell by 3.5%, or by 137.5 million cubic meters, and to January of this year –…
President Shavkat Mirziyoyev signed a decree approving an investment agreement to launch the production of BYD electric and hybrid vehicles and their components in Uzbekistan on Monday. Earlier in August 2022 Uzavtosanoat and BYD Auto agreed to launch the production of full-cycle cars in Uzbekistan back. Prior to this, the parties conducted a study of…
The Uzbekistan nuclear power plant project will be international, with various countries being able to be involved in it, said the first deputy chief/director of the development and international business unit at the Russian Rosatom Kirill Komarov, RIA Novosti said. Negotiations between Uzbekistan and Russia on a contract for the nuclear power plant project are…
The delegation of Uzbekistan headed by the Minister of Foreign Affairs Bakhtiyor Saidov held a meeting and negotiations with several officials of the interim government of Afghanistan during their visit to the city of Kabul. “During our visit to Kabul, we held meetings with a number of officials of the interim government of Afghanistan –…
In 2023, Uzbekistan’s international trade reached US$ 62.6 billion. According to the statistics agency, Uzbekistan’s international trade in 2023 increased by 23.9% compared to 2022. Of which: the export – $24.4 billion (a 23.8% increase), import – $38.1 billion (increase by 24%). China (21.9 %), Russia (15.8 %), Kazakhstan (7 %), Turkey (5 %), and…
It is noted that it is necessary to ensure the employment of 925,000 young men and women this year according to the “youth balance”. Also, 300,000 young people graduate from colleges, technical schools and higher educational institutions. At the meeting, the issues of their employment, modern professions and involvement in entrepreneurship were discussed. First of…
According to the press service of the head of state, 224 projects worth $640 million have been launched in this field in the last six years. By the end of this year, exports are expected to reach $1 billion. At the same time, Uzbekistan imports $800 million worth of electrical goods per year. In general, there is a…
On November 9, Tashkent hosted the 16th Summit of the Economic Cooperation Organization under the theme “Together Towards Economic Stability and Development”. The event was chaired by the President of the Republic of Uzbekistan Shavkat Mirziyoyev, and attended by the President of the Republic of Azerbaijan Ilham Aliyev, the President of the Islamic Republic of…
Shavkat Mirziyoyev has instructed to localize the production of pharmaceutical and electrical products. Photo: Presidential press service Over the past six years, pharmaceutical production in the republic has increased 3 times, and exports – 6 times. Also, 177 projects worth $525 million were launched, which created more than 50 thousand jobs, the presidential press service writes.…
In 10 months of this year, Uzbekistan sold gold worth $6.87 billion. This is a record figure, 2.3 times more than last year. Dependence on China in foreign trade relations has increased, and 21.2% of the total foreign trade turnover was accounted for by this country. During the reporting period, gas import increased by 2.1…
The number of renewable energy sources is growing in our country. In particular, hydroelectric power enables to produce “green” energy several times from the flow of a single river. Therefore, in accordance with the Presidential Decree of October 17, 2017, the construction of small power plants on the Tupalang River has begun. In particular, the…
On November 10, the President of the Italian Republic Sergio Mattarella, who is in Uzbekistan on an official visit at the invitation of the President of the Republic of Uzbekistan Shavkat Mirziyoyev, was officially received at the Kuksaroy Residence. A guard of honor was lined up in the square in front of the residence. The…
Deputy Prime Minister of the Republic of Uzbekistan Jamshid Khojaev met in Kabul with Deputy Prime Minister of Afghanistan Abdul Ghani Mullah Baradar. The extended meeting of representatives of ministries and departments of Uzbekistan and Afghanistan was attended by heads of the ministries of energy, water resources, mining and geology, agriculture, investment, industry and trade,…
According to the information service of Uzbekneftegaz JSC, in accordance with the decision of the Interdepartmental Tariff Commission under the Cabinet of Ministers, a new tariff for natural gas was approved, implemented by Uzbekneftegaz JSC and Shurtan Gas Chemical Complex LLC within the republic. The tariff for 1 thousand cubic meter of natural gas sold…
According to the information service of the Tax Committee, the Korzinka chain of stores has topped the list of the largest taxpayers in Uzbek trade for nine months. With a nine-month trade turnover of 5.6 trillion. soums, the trade organization paid 161.5 billion soums in taxes. At the same time, the amount of tax benefits applied exceeded…
According to the UZEX News newspaper , from January 1 to September 30 of this year, transactions worth 72,411.2 billion soums were concluded at the Uzbek Republican Commodity and Raw Materials Exchange. The main part of exchange trade turnover consists of wheat 9.7% (6,894.2 billion), diesel fuel 9.4% (6,686 billion), copper 9.4% (6,665.7 billion), motor gasoline 8%…
Over the past two weeks, the price has already risen by 14 percent. At the same time, according to the EastFruit analytical platform , the current price for bananas still remains below the level that was recorded for these products in past years. According to price monitoring data from platform specialists, from September 22 to October 6 of…
According to the information service of Almalyk MMC JSC, for 9 months of 2023, the copper hero of Uzbekistan fulfilled the export forecast by 100.4%, exporting products worth $513,986,000. 41,227 tons of copper and 31,904 tons of zinc products were sold to foreign consumers. In addition, products such as copper sulfate, lead concentrate, sulfuric acid,…
On September 18, the President of Uzbekistan Shavkat Mirziyoyev held talks with Seifi Ghasemi, Board Chairman, President, and Chief Executive Officer of Air Products, in New York. US Assistant Secretary of State for Energy Resources Geoffrey Pyatt also took part in the meeting. During the talks, the parties discussed the issues of further expanding strategic partnership, the…
On September 18, the President of Uzbekistan Shavkat Mirziyoyev held talks with Seifi Ghasemi, Board Chairman, President, and Chief Executive Officer of Air Products, in New York. US Assistant Secretary of State for Energy Resources Geoffrey Pyatt also took part in the meeting. During the talks, the parties discussed the issues of further expanding strategic partnership, the…
On the eve of Mirziyoyev’s visit to the USA, documents were signed in the fields of energy, mechanical engineering, ICT, agriculture, medicine, pharmaceuticals and several others. Photo: miit.uz On the eve of the visit of the President of Uzbekistan Shavkat Mirziyoyev to the United States of America, the Uzbek-American business forum was held in Washington…
The construction of the solar photovoltaic power plant with a capacity of 400 megawatts was launched on September 13. Photo: Press service of the khokimiyat of Andijan region The project is being implemented by the Chinese Powerchina International Group in Andijan, the Ministry of Energy said. The launching ceremony was attended by the regional governor Shukhratbek…
Clients can carry out payment transactions for the services of Uzbek providers only from the wallet, as well as through transfers between Qiwi Uzbekistan electronic wallets. The Russian subsidiary of Qiwi has suspended international money transfers, including to Russian cards and e-wallets, due to restrictions from the Central Bank. From September 5, the Central Bank of Uzbekistan…
The project for which the money is being allocated is aimed at developing human resources as a skilled workforce. Minister of Employment and Poverty Reduction Bekhzod Musaev met with the Senior Director of the Human and Social Development Department of the Asian Development Bank, Ayako Inagaki. At the meeting, the parties exchanged views on the…
As part of the visit, the TechBridge project of the Uzbek-American IT association, aimed at strengthening cooperation in the field of information and communication, was launched. Photo: MFA On September 3-7, the delegation headed by the Minister of Foreign Affairs of Uzbekistan Bakhtiyor Saidov visited the USA. According to the MFA, the Minister of Foreign Affairs…
The delegation of Uzbekistan headed by the Chairperson of the Senate of Oliy Majlis Tanzila Narbayeva is in the Republic of Belarus on an official visit. Yesterday, within the framework of the visit, the first business forum of business circles and women entrepreneurs of Uzbekistan and Belarus was held in Minsk. Photo: senat.uz The event…
The delegation of Uzbekistan headed by the Chairperson of the Senate of Oliy Majlis Tanzila Narbayeva is in the Republic of Belarus on an official visit. Yesterday, within the framework of the visit, the first business forum of business circles and women entrepreneurs of Uzbekistan and Belarus was held in Minsk. Photo: senat.uz The event…
The leaders of Uzbekistan and Türkiye discussed current issues of bilateral relations. Photo: Presidential press service Shavkat Mirziyoyev held talks with Recep Tayyip Erdoğanin Budapest. The parties considered issues of further strengthening the comprehensive strategic partnership relations between Uzbekistan and Türkiye and expanding multilateral cooperation. It was noted with satisfaction that the indicators of mutual…
On August 9, Shavkat Mirziyoyev had a telephone conversation with Vladimir Putin. Photo: Presidential press service During the talks, the parties discussed the issues of further strengthening the Uzbek-Russian relations of strategic partnership and alliance. Particular attention was paid to boosting trade and economic cooperation and continuing active humanitarian exchange. The leaders of the two countries also…
17,100 quotas were allocated to the state universities for master’s degree courses. However, only 6.3 thousand applicants fulfilled the requirements and were accepted as students. Another 11,000 quotas remain vacant. Photo: Getty Images The results of admission to the master’s degree courses of the state HEIs have been announced. According to the results, out of…
Presidents Shavkat Mirziyoyev and Ilham Aliyev signed the agreement on the establishment of the Supreme Interstate Council between Uzbekistan and Azerbaijan. In addition, 15 documents were adopted at the level of countries, governments and agencies within the framework of Mirziyoyev’s visit to Baku. Agreements on deepening comprehensive strategic partnership, strengthening ties in the energy sector, collaboration on…
The land that is now Uzbekistan was once at the heart of the ancient Silk Road trade route connecting China with the Middle East and Rome. The country came under Russian control in the 19th Century, and emerged as an independent state when Soviet rule ended in 1991. Under authoritarian President Islam Karimov, who ruled…
An overpass can be built at the intersection of Botir Zakirov and Navoi streets. Urban planners pointed out that such a decision would be a wrong decision according to modern urban planning, economic and ecological aspects. Public activists are calling for the bridge project to be canceled. Navoi avenue, intersection of Abay and Botir Zakirov…
On July 19, on the sidelines of the first summit of the leaders of Central Asian countries and the Cooperation Council for the Arab States of the Gulf, President Shavkat Mirziyoyev held talks with the Crown Prince, Prime Minister of Saudi Arabia Mohammed bin Salman Al Saud. The Crown Prince cordially congratulated Shavkat Mirziyoyev on his convincing…
Social networks circulated a video showing a group of citizens blocking the way of a bus carrying passengers and throwing stones at its window on the road passing through the territory of Akdarya district of Samarkand region. Photo: Frame from the video According to the regional DIA, on July 28, in the Gallaorol district of…
A delegation of 25 chief executive officers (CEOs) and founders of major African and central Asian textile, apparel, and footwear companies, accompanied by the representatives of prominent global brands, is now visiting Bangladesh on a two-day tour to encourage low carbon emission and share of knowledge in the sectors. The delegation reached Bangladesh on June…
According to the Novosti UZEX newspaper , the volume of sales of the domestic exchange market of non-ferrous metals in January-May 2023 exceeded 45.6 thousand tons. The largest volume in the sales structure falls on cathode copper, whose share is 69%. The following positions are occupied by zinc with a share of 23% and copper rod with…
Despite the numerous challenges and supply chain disruptions in the textile industry – the textile machinery makers strive to bring the innovations and developments in the technology. Manufacturers have developed technological solutions that increase product and process efficiencies to counter the ongoing challenges. With the continuous innovation, more efficient machinery is being produced which consumes…
The information service of the State Assets Agency informs that during the competition proposals were received from 3 local and international professional consulting companies. They were sorted on the basis of their financial offer, experience in the field, skills and their approach to the implementation of the tasks. As a result of the selection, the international…
Three major agreements and one memorandum were signed between Thermal Power Plants JSC and the Italian credit agency SACE, the information service of the Ministry of Energy reports. 4 major projects will be implemented for a total cost of 2,263.3 million euros. These include the modernization of the Tashkent TPP, the construction of gas piston units…
The Central Bank of Uzbekistan updated on Thursday the prices of measured gold bars and commemorative coins. The cost of a 5-gram bar reached 3,931,000 soums, a new high since the start of their sales in 2020. One gram per day has risen in price by 2.2% and now costs 786,200 soums. The day before,…
The candidate for the President of the Republic of Uzbekistan from the Movement of Entrepreneurs and Business People – the Liberal Democratic Party of Uzbekistan Shavkat Mirziyoyev said that 160 new kindergartens will be built and renovated in Karakalpakstan, as well as 2,000 private kindergartens will be created. “In the next seven years, we will…
According to Muhammadjon Rashidov, an analyst at the Center for Economic Research and Reforms, revenues from customs payments in May of this year increased by 20.1% compared to the same period in 2022. The largest growth in customs revenues was noted in the following five regions: Surkhandarya (by 68.3%), Samarkand (by 38.8%), Jizzakh (by 32.3%),…
In the congress center of Samarkand city, talks were held between President of Uzbekistan Shavkat Mirziyoyev and Emir of Qatar Sheikh Tamim bin Hamad Al Thani, who is in the country on a state visit. Special attention was paid to the issues of further development of political dialogue and cultural-humanitarian exchange, expansion of trade-economic and…
According to the Novosti UZEX newspaper, in five months, the volume of feed sales through the Uzbek Republican Commodity and Raw Materials Exchange exceeded 1.5 million tons, which is 56.6% more than in the same period in 2022. The average level of feed sales through the exchange amounted to 305.3 thousand tons per month. Feed wheat accounts…
Among the footwear-importing countries from Uzbekistan, Kazakhstan took the lead. According to the Statistics Agency, in January-April 2023, Uzbekistan exported 8.4 million pairs of shoes to 11 foreign countries for a total of $12.5 million. Countries to which Uzbekistan exported the most shoes in 4 months of 2023: Kazakhstan – 4.1 million pairs Kyrgyzstan – 2.4…
Belarus and Russia need to develop a plan of action in the face of sanctions and further strengthen the EAEU, and Uzbekistan and Kazakhstan are ready to join this process. Alexander Lukashenko stated this at a meeting with Russian President Vladimir Putin in Sochi, BelTA informs. “Most importantly, we know what to do and in…
In January-April of this year, the volume of money transfers to Uzbekistan amounted to $3.1 billion. According to the Central Bank, this is 20.8% more than in the corresponding period of 2022. The bank said in a report that over the past four months of the year, the population purchased $2.8 billion from banks and…
According to the parliamentary press service, the meeting adopted a resolution to convene the forty-first plenary session of the Senate on June 1 this year. During the plenary session, senators will discuss and consider the following laws: “On conflict of interest”; “On amendments and additions to some legislative acts of the Republic of Uzbekistan aimed…
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…
FBCCI President Md Jashim Uddin has said that both Bangladesh and Uzbekistan have much to offer to each other in terms of economic collaboration. Both countries can be benefited by exploring their potential sectors. He opined this during a discussion meeting with the Uzbekistan delegation led by the Deputy Minister of Foreign Affairs of the…
Forecasters promised Uzbeks a warm working week. There will be almost no rain, but these days it is possible to increase the wind. On Monday, May 1, dry weather is expected in Uzbekistan. In the regions of the Fergana Valley, rain and thunderstorms are possible during the day. In the north and the desert zone in some areas,…
On May 1, President of the Republic of Uzbekistan Shavkat Mirziyoyev had a telephone conversation with President of the Republic of Kazakhstan Kassym-Jomart Tokayev. The heads of state discussed the implementation of agreements at the highest level and the progress of major cooperation projects, the presidential press service writes . At the beginning of the conversation, Kassym-Jomart…
The event will discuss the “green” economy, digitalization, trade and other topics. The European Bank for Reconstruction and Development has announced the date of its 32nd annual meeting and business forum in Samarkand. The events will be held from 16 to 18 May under the theme Investing in Resilience. The participation of officials, heads of the…
Compared to the same period in 2022, the FTT increased by 11.9%. According to the Statistics Agency, the foreign trade turnover of Uzbekistan in January-March 2023 amounted to $14.8 billion, having increased by $1.6 billion or 11.9% compared to the corresponding period in 2022. During the reporting period, the republic exported goods and services worth $5.7…
According to the press service of the President of Uzbekistan, Technoparks and small industrial zones are being created in Uzbekistan to support entrepreneurship. In Namangan region, the number of such complexes has reached 73. There are many entrepreneurs and artisans in “Barkamol Avlod” mahalla. But they had to work at home, which limited the realization…
According to the press service of the Head of our state, the atmosphere and way of life of ancient Uzbek houses are created here. On the ground floor of the complex, there are workshops in carpet weaving, embroidery, copper crafts, and others. Tourists can observe the process of making national products, as well as purchase…
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%),…
In 2022, 1,730.6 thousand tons of fruits and vegetables were exported from Uzbekistan to foreign countries for $1,134.3 million. This figure has increased to 18.5 percent compared to the same period in 2021. In the export of fruit and vegetable products in value terms, the largest share falls on grapes (24.7 percent), mung bean (8.2…
Uzbekistan delegation takes part in the International Green Week 2023, in Germany. This is the 87th fair organized by the exhibition company Messe Berlin GmbH. At the agricultural forum, more than 1.4 thousand leading manufacturers from more than 60 countries are presenting their products and advanced technologies in agriculture, the food industry, agricultural engineering, and…
The delegation of the Uzbekipaksanot Association visited the city of Dalat, Vietnam, to study the process of growing purebred silkworm grits. Due to the temperate climate in Dalat, locals grow silkworms up to 10 times a year and get 10,000 tons of wet cocoons. Agreements are being reached with Vietnamese partners on the import and…
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…
The Minister of Investments, Industry and Trade of Uzbekistan Laziz Kudratov held talks with the Minister of Trade and Industry of Singapore Gan Kim Yong. During the dialogue, the historical significance of the state visit of the President of the Republic of Uzbekistan to Singapore was noted. “The events of these days will give a…
The Consulate General of Uzbekistan hosted a meeting with the Consultant for Relations with the Commonwealth of the Independent States of Sharjah Chamber of Commerce and Industry, Jassim Al-Mutawa, and the head of the TURN8 company, Yousif Al Mutawa. The negotiations were held as part of the work to attract foreign investment and advanced innovative…
Fitch Ratings has assigned Uzbekistan-based electricity generation company Thermal Power Plants Joint Stock Company (TPP) a first-time Long-Term Issuer Default Rating (IDR) of ‘BB-‘ with a Stable Outlook. This allows JSC Thermal Power Plants to position itself in the global investment markets as a company with a clear and precise business strategy, a transparent financial…
As of January 1, 2023, the number of enterprises operating in Uzbekistan with the participation of foreign capital (15,801) increased by 2.1 times compared to the corresponding period of 2019. The State Statistics Committee reported about the dynamics of their growth in the context of recent years: In 2019 – 7,560 In 2020 – 10,382…
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…
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 period.…
In Uzbekistan, the main interest rate has been reduced by 1 percentage point – up to 16% per annum. According to the Central Bank, the decision to cut the rate was made against the backdrop of a gradual fading of negative short-term effects from external economic shocks, stabilization of the domestic foreign exchange market, recovery of foreign…
As of January 1, 2023, 3,156 enterprises with the participation of Russian capital are operating in the country, the State Statistics Committee of Uzbekistan reports. In 2022, 20 percent of the total number of enterprises with foreign capital in the country were opened with the participation of Russian companies. More than 960 enterprises with Russian…
Kirill Gavrilin: “The fund of our university has more than 200 items of the cultural heritage of Uzbekistan”
Uzbekistan exported
Uzbekistan’s textile potential presented at the exhibition in Germany
The delegation of the Uzbekipaksanot Association visited the city of Dalat, Vietnam, to study the process of growing purebred silkworm grits. Due to the temperate climate in Dalat, locals grow silkworms up to 10 times a year and get 10,000 tons of wet cocoons. Agreements are being reached with Vietnamese partners on the import and…
Zarafshan Wind Farm Project wins deal of the year in Central Asia
First eTIR transport takes place between Uzbekistan and Azerbaijan
The export of textile products amounts to $2.9 billion
The President of Uzbekistan to take part in the Voice of the Global South Summit
At the initiative of the World Society for the Study, Preservation and Popularization of the Cultural Heritage of Uzbekistan, specialists from the Stroganov Moscow State University of Arts and Industry conducted thorough research and discovered unique items of Uzbekistan’s cultural heritage. The funds contain metal and wood products, samples of folk ceramics – all this…
New opportunities for industrial development
In 2022, electrical industry enterprises in Uzbekistan exported 196 types of products worth $800.8 million to 60 countries. According to the Uzeltechsanoat Association, thanks to the use of GSP+ privileges, for the first time electrical products were exported to the United Kingdom, France, Germany, Romania, Czech Republic, Austria, Hungary, Iraq, Lebanon, Ghana and Cameroon. Most…
Uzbekistan CCI and RCCI create a Cooperation Group
Trustbank opened the company “Trust Muamalat
Uzbekistan has one of Central Asia’s biggest media markets. TV is the most popular medium and the state broadcaster operates the main national networks. Russian TV is widely watched. Media freedom has declined after some limited improvement following the death in 2016 of former President Islam Karimov. The run-up to the 2021 presidential election saw…
The land that is now Uzbekistan was once at the heart of the ancient Silk Road trade route connecting China with the Middle East and Rome. The country came under Russian control in the 19th century, and emerged as an independent state when Soviet rule ended in 1991. Under authoritarian President Islam Karimov, who ruled…
Tashkent, Uzbekistan (UzDaily.com) — Asaka Motors International has become a partner of EXEED premium car brand in Uzbekistan. On 9 January 2023, Asaka Motors International and EXEED signed a cooperation agreement. The project envisages the production and localization of premium cars in Uzbekistan. This measure will not only significantly reduce the cost of cars for end…
Tashkent, Uzbekistan (UzDaily.com) — On 9 January 2023, Special Representative of the President of the Republic of Uzbekistan for Afghanistan Ismatulla Irgashev held talks with US Ambassador Extraordinary and Plenipotentiary Jonathon David Henick. The parties discussed the current situation in Afghanistan, the efforts of Uzbekistan and the United States to resolve the Afghan crisis. The need…
Tashkent, Uzbekistan (UzDaily.com) — The tragedy of the death of children after taking the Doc-1 Max drug, which deeply saddened the whole society, showed that a number of problems remain in the healthcare and pharmaceutical sectors in the country. The nationwide movement “Yuksalish” believes that only an integrated approach and the involvement of all stakeholders will…
TASHKENT, January 4. /“Dunyo” IA/. Today, the President of the Republic of Uzbekistan Shavkat Mirziyoyev held a telephone conversation with the President of the Russian Federation Vladimir Putin, reports “Dunyo” IA correspondent. According to the press service of the Head of our state, the leaders considered the issues of further deepening the Uzbek-Russian relations of comprehensive strategic partnership.…
An article devoted to the interaction of Uzbekistan with other CIS states has been published on the information portal of the CIS Executive Committee. According to the publication, Uzbekistan is currently developing cooperation with partners within the CIS in three dimensions: in the field of politics and security, economic and humanitarian spheres. The priority tasks…
In Bishkek, the signing of the “road map” for the implementation of the Kambarata HPP-1 project took place. The agreement, signed by the Minister of Energy of Uzbekistan Zhurabek Mirzamakhmudov, the Minister of Energy of Kyrgyzstan Taalaibek Ibraev and the Minister of Energy of Kazakhstan Bolat Akchulakov, provides for the construction of the Kambarata HPP-1…
The process equipment of the future complex for increasing the production capacity of Shurtan gas chemical complex in Guzar district of Kashkadarya province worth $1.8 billion can be moved to Karakul district of Bukhara province for integration with Saneg’s plant. This is provided for by a draft behind-closed-doors resolution of the President of Uzbekistan. About…
At the airports of Tashkent, Samarkand, Bukhara, Fergana and Urgench, a grand opening of Tax Free counters established by the State Tax Committee took place. They started their work in test mode. Photo: Uzbekistan Airports The Tax Free system implies the return to foreign citizens of the amounts of VAT paid by them when purchasing…
“We signed an agreement on the purchase of electricity from Uzbekistan,” the company said.twitter Video Link From the Uzbek side, the document was inked by the Board Chairman of JSC National Power Grid of Uzbekistan Dadajon Isakulov. According to TKG, Abdul-Latif Mansur, acting head of the Afghan Ministry of Water and Energy, recently visited Uzbekistan. He…
The just-concluded 2022 was a year of turning around and rebuilding the economy, the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) said Saturday, reports news agency UNB. The BGMEA, the apex body of apparel sector businesspersons in the country, said this as revellers in major city centres across the world ushered in the first New…
A videoconference discussion was held on the concerns of further boosting the potential for tourism within the country as well as tourism from outside the country. The meeting was chaired by Shavkat Mirziyoyev. The head of state made mention of the fact that this year marked the beginning of a time of post-pandemic recovery for…
From November 1 to November 7 of this year, the International Week of Ziyorat (pilgrimage) Tourism will be held in several regions of our country. Within the framework of the week, exhibitions, seminars, scientific and practical conferences and cultural and educational events aimed at the development of ziyorat tourism, as well as the promotion of…
According to Tass, which got its information from China’s customs agency, Uzbekistan made sales of natural gas to China in the amount of $404 million between January and June of 2022. By the beginning of the first half of 2021, the value of Uzbekistan’s gas exports to China had climbed by a factor of 2.2.…
Recent events have resulted in a commercial delegation from the industrial city of Khmelnitsky in Ukraine expressing an interest in making purchases from Uzbek textile manufacturers’ goods. Many Ukrainian businesspeople are interested in developing joint textile production projects with their Uzbek counterparts and touring Uzbek manufacturing plants. The two sides reached an agreement to increase…
The Belarusian state light industry concern Bellegprom and the Uztekstilprom Association reached an agreement on a 2019-20 action plan to implement the Memorandum of Understanding during the recent Global Textile Days-Tashkent 2019 event that took place in Tashkent (MoU). The plan calls for the implementation of a number of measures that will facilitate increased levels…
Today More than 60% of the Tashkent population is under the age of 25, however there are virtually few services geared toward them. For most of the Soviet Union’s remaining years, photographer Stanislav Magay resided in a small industrial village outside of Moscow that was developed particularly for the staff at his family’s Institute of…
An agreement has been inked between the Uzbek Ministry of Investments and Foreign Trade and DP World to develop the country’s trade networks and to enhance international trade. Increased trade and digital infrastructure development will be a result of this partnership between the corporation and the government of Uzbekistan. Uzbekistan’s trade networks will be strengthened…
Uzbekistan has issued a presidential directive on steps to encourage textile, garment, and knitwear firms to deep process their products, make finished goods with high added value, and export those finished goods. A decree laid the groundwork for the creation of the Textile Industry Support Fund. The order stipulates that a number of actions must…
After Uzbekistan gained its independence, many of the country’s customs and traditions, which had been observed during the Soviet era but were neither outlawed nor looked down upon, began to be celebrated with a greater level of fervor, both in formal life and among the general public. The historical process that occurred during the Turkestan…
Mukhsinkhoja Abdurakhmonov, the Ambassador of Uzbekistan to Japan, recently met with Makoto Nishizako, vice president of the latter’s YKK Corporation, to brief him on the investment potential and export opportunities in his country’s textile industry. Nishizako was curious about the production capacities of Uzbekistan’s textile enterprises. He was also curious about the import of zippers…
In response to the rising number of people interested in engaging in physical activity, a lot of new states opened up facilities like stadiums, sports complexes, pools, sports clubs, and private fitness clubs. The phrase “sportsman” is one that is frequently encountered. Uzbekistan has a history of producing Olympic winners in a variety of sports,…
Uzbekistan is claimed to have been inhabited by the Indo-Iranians around 1000 BC. Some of the world’s oldest continuously inhabited cities arose out of their settlements, including Bukhara, Samarqand, and Tashkent, the present capital of Uzbekistan.China and Europe began trading along the Silk Road as early as the 5th century BCE. Uzbekistan was located at…
Uzbekistan’s goal is to boost both the amount of food it produces and exports that has a better value added to it. Given the current capacity shortages, the food processing industry in the country has a significant amount of room for expansion. Only 15 percent of the 20 million tons of fruits and vegetables that…
S. Umurzakov, Deputy Prime Minister and Minister of Investments and Foreign Trade, A. Ikramov, Chairman of the Chamber of Commerce, and Salmon Fazlur Rahmon, Adviser to the Prime Minister of Bangladesh on the Private Sector, Industry, and Investment all participated in the event. Over twenty government officials and representatives of Bangladesh’s business community, in addition…
The President approved the state program of the Development Strategy for 2022. What are the goals for the economy this year? Over the next 5 years, the National Economic Development Section of the Development Strategy will increase GDP per capita by 1.6 times (from $1,750 to $2,800) and per capita income – by $4,000 until…
On 15 October, President of the Republic of Uzbekistan Shavkat Mirziyoyev attended the CIS Heads of State Council meeting via videoconference. The summit, chaired by the President of the Republic of Belarus Alexander Lukashenko, was also attended by the President of the Republic of Azerbaijan Ilham Aliyev, Prime Minister of the Republic of Armenia Nikol…
Renault is expanding its presence in the CIS countries and begins production and commercial activities in Uzbekistan. The entry to a new market for the brand was organized jointly with the partner of Renault Group in Uzbekistan, Roodell. “Uzbekistan is a fast-growing market of the Central Asian region, interest in new cars is steadily increasing…
On 12 October, a press tour for journalists of various media, organized by the Silverleafe, was held in Pakhtakor district of Jizzakh region. In 2018, representatives of the US company Silverleafe International arrived in Uzbekistan to participate in the reforms carried out by the administration of President Shavkat Mirziyayev. Interest in this country in Central…
In January-June 2021, the gross value added (GVA) in industry in Tashkent region made up 16.64 trillion soums and, compared to the same period of last year, increased by 9.6%. In the period under review, the share of this sector in GRP amounted to 48.6% and, compared to January-June 2020, increased by 0.8 percentage points,…
On 8 October, Minister of Energy of the Republic of Uzbekistan Alisher Sultanov held a meeting with the British Ambassador to Uzbekistan Timothy Torlot and the Ambassador of the Region for Climate Change David Moran. During the negotiations, information was provided that Uzbekistan has set itself the task of bringing the volume of generation based…
Today, on 9 October, an opening ceremony of the Tajikistan and Uzbekistan Trade House was held in Dushanbe. The purpose of the creation of the Trading House is to create a number of facilities for entrepreneurs on the territory of the Republic of Uzbekistan. That is, entrepreneurs provide practical assistance in finding new buyers by…
Fitch Ratings has affirmed Uzbekistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BB-’ with a Stable Outlook. Uzbekistan’s ratings balance robust external and fiscal buffers, low government debt and a record of high growth relative to ‘BB’ rated peers against high commodity dependence, high inflation and structural weaknesses in terms of low GDP per capita…
President Shavkat Mirziyoyev arrived in the Syrdarya region on 7 October, where he got acquainted with the activities of the joint venture “Sirdaryo Mega Lux”. Last year, the production of large-capacity polypropylene bags was launched here. These bags, also known as flexible containers, can carry loads between 500 and 5,000 kilograms. They are widely used…
For two and a half years since the establishment of the Ministry of Energy of the Republic of Uzbekistan, 18 investment agreements in the electric power industry have been signed for the construction and commissioning of power plants with a total capacity of 7,331 MW by 2025 (this is 50% of the current power generation…
The President of Siemens in Russia and Central Asia Alexander Liberov visited Uzbekistan. During the visit, he held a number of meetings with the company’s partners in the field of industrial production, transport and electrical engineering. One of the key goals of the visit is to discuss the implementation of the strategic agreements signed earlier…
On 30 September, Deputy Prime Minister – Minister of Investments and Foreign Trade of the Republic of Uzbekistan Sardor Umurzakov held negotiations with Vice-President of the World Bank for Europe and Central Asia Anna Bjerde to discuss the current state and prospects for deepening further cooperation. The results of the implementation of the World Bank’s…
Deputy Prime Minister – Minister of Investments and Foreign Trade of the Republic of Uzbekistan Sardor Umurzakov met with Director of Global Relations of the Organization for Economic Cooperation and Development (OECD) Andreas Schaal on the sidelines of the meeting of the Country Platform on Uzbekistan. During the meeting the parties discussed current issues of…
Deputy Prime Minister – Minister of Investments and Foreign Trade of the Republic of Uzbekistan Sardor Umurzakov held negotiations with Vice President of the Asian Development Bank (ADB) Shixin Chen. The status of projects under implementation and development, as well as issues related to the deepening of bilateral cooperation were discussed. An agreement was reached…
In August 2021, the Business Activity Index (IDA), calculated by the Center for Economic Research and Reforms (CERR), amounted to 1059 points, and, compared to the previous month, increased by 5.9%. There is also a 30% increase in IDA compared to the same period of last year. The following changes were observed in the components…
In the crowded corridors of the Hilton Tashkent City, ACWA Power Chairman Mohammad Abunayyan talks quietly with key delegates of the Islamic Development Bank’s annual meeting in Uzbekistan, who approach him one after another. Abunayyan, a lean, middle-aged, intelligent-looking man is with IDB officials celebrating the launch of the $100 million Economic Empowerment Fund for…
The analysis of CERR showed that sales in the domestic car market in August of this year. showed a significant increase compared to July. The Center for Economic Research and Reforms (CERR) regularly analyzes changes in sales in the car market. In August 2021, the number of car purchase and sale transactions in the republic…
The declaration of State Independence of the Republic of Uzbekistan on 31 August 1991 opened a new chapter in modern history of the country. This year the Uzbek people celebrate 30th anniversary of this significant date. During this historically short period, Uzbekistan had a great achievement in all spheres, including his internal and foreign policy.…
On 14 September, President of the Republic of Uzbekistan Shavkat Mirziyoyev received a delegation from the International Finance Corporation headed by Managing Director Makhtar Diop. At the beginning of the meeting, the head of our state highlighted the dynamically developing fruitful cooperation and strengthening strategic partnership with the World Bank Group, which also includes the…
“Uzbekistan is a country with rich history and dynamically developing present, with its priority to move towards an open democratic society. Human and civil rights and freedoms where the voice of every citizen is heard are the priorities for a democratic society. A democratic society exists when power is formed legitimately through universal suffrage and…
Bangladesh has offered Uzbekistan to launch a direct Dhaka-Tashkent flight to strengthen bilateral relations between the two countries. Bangladesh has also requested Uzbekistan to set up its own embassy in Dhaka. The proposals were made when a four-member Bangladesh delegation led by Salman F Rahman, private industry and investment affairs advisers to the prime minister,…
Uzbekistan wants to take ‘IT enabled’ services from Bangladesh. On the other hand, Bangladesh wants to take part in the research and development of the country. To this end, the two countries have agreed to sign a memorandum of understanding. The two sides agreed during a meeting in Tashkent on Sunday with a delegation of…
The prospects to resume buying cotton from Uzbekistan have improved for Bangladesh after the United States lifted the ban on sourcing the key textile raw material from the country following significant progress in ending forced labour. Until 2007, when a boycott campaign was launched against Uzbek cotton, the central Asian country was the single largest…
Bangladeshi investors will get tax exemption and duty-free facilities if they invest in Uzbekistan, Sardor Umurzakov, deputy prime minister of Uzbekistan, said on Monday. Bangladeshi businesses will also get policy supports for joint ventures, Umurzakov added. Umurzakov offered the benefits to Bangladesh at a view exchange meeting between the leaders of FBCCI, the top business…
At the International Congress Center in Tashkent, as part of the program of the 46th Annual Meeting of the Board of Governors of the Islamic Development Bank, a panel discussion was held on the topic: “Changing the paradigm of economic transformation and expanding opportunities for the socially vulnerable population of Uzbekistan in post-COVID era”. The…
His Excellency Mr. Shavkat Mirziyoyev, President of the Republic of Uzbekistan Dear Mr. President, let me, on behalf of the European Union, congratulate you on the thirtieth anniversary of your country’s independence. Uzbekistan may be a young country, but it is based on a proud and ancient heritage. During the years of independence, your country…
On the eve of the 30th anniversary of Uzbekistan’s independence, the country’s first solar photovoltaic plant has been commissioned in Karmana district of Navoi region. President of the Republic of Uzbekistan Shavkat Mirziyoyev attended the ceremony of launching the plant. Hydrocarbons, mainly coal, oil and gas, are widely used as sources of electricity generation. However,…
On 25 August, a solemn ceremony of presenting credentials by newly appointed ambassadors of foreign states to our country was held. The President of the Republic of Uzbekistan Shavkat Mirziyoyev received credentials from the Ambassadors of Romania Daniel Christian Ciobanu, the Republic of Poland Radoslav Gruk, the Republic of Tajikistan Abdujabbor Rahmonzoda, the Swiss Confederation…
To support a green and inclusive recovery from COVID-19 in Europe and Central Asia, IFC invested over $4.9 billion in the region in fiscal year 2021, which ended on June 30. Up from $3.1 billion last year this year’s commitment mobilized over $2 billion from other investors and focused on driving the region’s transition to…
According to preliminary data, in January-July 2021, enterprises of Uzbekistan produced industrial products worth 233.8 trillion soums, the index of physical volume of industrial production by the same period in 2020 amounted to 108.9%., the State Statistics Committee of Uzbekistan said. In the structure of production, the largest share falls on manufacturing enterprises (82.5%), the…
Prime Minister Abdulla Aripov signed a resolution of the Cabinet of Ministers “On additional measures to ensure the stability of the epidemiological situation in the Republic of Uzbekistan associated with coronavirus infection” on 20 August. The document notes that the Jurabek Laboratories joint venture has agreed with Anhui Zhifei Longcom Biopharmaceutical to manufacture the ZF-UZ-VAC…
As a country located at the heart of the Great Silk Road, Uzbekistan is currently in the process of transitioning from old paradigms to the ‘New Uzbekistan’. In 2020, Uzbekistan’s leadership announced a new five-year national strategy and roadmap to enhance its commodity and financial markets to address structural problems inhibiting economic development. As part…
There’s an old Chinese proverb that goes like this: “The best time to plant a tree was 20 years ago. The second best time is now.” This should be on a plaque hanging above every long-term investor’s desk. For sure, it is how famed investor Jim Rogers thinks. His claim to fame is calling the…
The volume of Uzbekistan’s gross gold and forex reserves as of August 1 topped US$ 35.11 billion, recording a US$ 965 million increased over the month, follows from the data of the Central Bank. Over the past month, the gold reserves increased by 0.3 million troy ounces (9.3 tons), and its value increased by US$…
Bangladeshi fashion designer and former international model Bibi Russell’s social enterprise runs on the motto ‘Fashion for Development’. She is a beacon to budding social entrepreneurs, leading by example as she empowers weavers, artisans and craftsperson. In this year’s Cannes Film Festival, we saw the handloom heritage of Bangladesh, Dhakai Jamdani make a red-carpet entry.…
On 11 August, President Shavkat Mirziyoyev became familiar with the presentation of projects on improving the drinking water supply in Surkhandarya region and creating new jobs in the service sector in the city of Tashkent. 46 percent of the population of Surkhandarya region does not have access to the centralized drinking water supply. 216 hydraulic…
President of Uzbekistan Shavkat Mirziyoyev held a meeting on the development of industry in Tashkent region on 10 August. At a video conference on the analysis of economic results for the first half of the year, held on 3 August, the President noted the presence in Tashkent region of favorable conditions for the development of…
The American business and employment-oriented online service LinkedIn was registered by the Uzbek tax authorities, the Tax Committee said. The registeraion means that in-site fees will now include the 15% value added tax (VAT). VAT payment procedure has been introduced as of 2020 for foreign-based companies that provide online services. 27 foreign suppliers of online services in…
Gender equality is more than just a human right – it is the best chance societies have in overcoming some of the most pressing challenges of our time—from economic crises and global pandemics, to climate change and spiraling poverty. Women are not only dispoportionaly affected by these problems – they possess ideas and leadership to…
Uzbek President Shavkat Mirziyoyev on July 29 laid the first stone in the foundation of a $2bn worth copper processing plant. The new factory is to be erected within the country’s only copper producer, Almalyk mining and metallurgical complex (AMMC). It will process 60mn tonnes of ore annually. At the second stage, according to plans,…
The 72nd birth anniversary of Shaheed Sheikh Kamal, a valiant freedom fighter and the eldest son of Father of the Nation Bangabandhu Sheikh Mujibur Rahman, was observed at different Bangladesh missions abroad. Bangladesh High Commission in New Delhi, the Deputy High Commission of Bangladesh, Mumbai, Bangladesh High Commission in Canberra, Australia, Bangladesh Embassy in Tashkent,…
The International Monetary Fund (IMF) has approved the allocation of a record US$ 650 billion to restore the world economy, Dunyo news agency reported. “The International Monetary Fund will allocate a record SDR 456 billion from reserve assets (the IMF’s unit of account, US$ 650 billion). US$ 275 billion will go to emerging market and…
On 2 August, President of Uzbekistan Shavkat Mirziyoyev got acquainted with the presentation of a project to modernize the heat supply system in Tashkent. Heat supply ensures comfortable living of the population and productive work of enterprises and organizations. In our country, consistent work is underway to improve this system. In particular, in cooperation with…
SAMARKAND – In H1 2022, Silk Road Samarkand, a multifunctional tourist complex designed to become a modern attraction not only of the city of Samarkand, but also of the entire Central Asia, will be opened for visitors. The complex will combine cultural, gastro, medical and business tourism facilities. The new complex will house world-class hotels, specialized…
The first batch of the Russian Sputnik V coronavirus vaccine was produced in Uzbekistan. This was reported by the Russian Direct Investment Fund (RDIF). The vaccine is produced at the facilities of the pharmaceutical company Jurabek Laboratories. Earlier it was reported that the enterprise will produce up to 2 million doses of the Sputnik V…
A solemn ceremony to mark the start of the construction of the third copper processing plant was held at Almalyk Mining and Metallurgical Complex. “I cordially congratulate all of you on today’s joyful event – the start of the construction of a new copper processing plant at Almalyk Mining and Metallurgical Complex”, President Shavkat Mirziyoyev…
Recovering prices, strong demand from the transportation industry and modern developments of oil and gas exploration and production activities are some of the factors driving Uzbekistan oil and gas market growth. Increasing exports and imports of oil and gas on the account of surged demand across the world are fuelling the market growth. Global oil…
Uzbekistan has sent the first batch of saffron to Europe under brand BMB Za’faron on July 29, Dunyo news agency reported. The product was sent under the 15 million Euros export contract signed with Italian partners by BMB Trade Group ni June. Uzbekistan plans to export its saffron to Americas and Asian countries in future.
Micro, small and medium enterprises (MSMEs) across Uzbekistan’s Ferghana Valley will benefit from a new rural enterprise development project approved today by the World Bank’s Executive Directors. The project will be supported by a US$ 200 million loan from the International Bank for Reconstruction and Development. The Government of Uzbekistan has recognized the need to reform its…
Uzbekistan plans to start producing the Russian Sputnik V vaccine from next week. The vaccine production will be established at the production facilities of Jurabek Laboratories in Almalyk. The head of Uzbekistan Shavkat Mirziyoyev noted that initially the enterprise will produce up to 2 million doses of vaccine per month.
Decrees and resolutions have been signed, the Powerpoint presentations have been prepared and some of the biggest state companies have either secured or are in the process of seeking international credit ratings. Uzbekistan is poised to begin Stage Two of its historic national reforms agenda. Within months of his election five years ago, ending 25…
The newest history of Uzbekistan and the tremendous successes we have achieved give every reason to say with confidence that our people, possessing courage and strength, unbending will and determination, are able to overcome any difficulties and trials on their way. Our country has one goal – to build a developing, free and prosperous democratic…
Throughout the pandemic – and even before – WHO has provided a range of support to Uzbekistan to strengthen the country’s pandemic preparedness, to develop communication materials to inform, educate and engage the population, to boost laboratory testing capacity, and to help the health system effectively treat patients with COVID-19. Risk communication and community engagement…
The Asian Development Bank (ADB) in its Asian Development Outlook Supplement of July said Bangladesh’s economic recovery will continue amid the second wave of Covid-19 much like the previous fiscal year, depending on exports and remittances. ADB today released the supplement on the Asian economy from Manila. It said the impact of the second wave…
A presidential resolution “On the introduction of a system for assessing the effectiveness of the activities of deputy heads of ministries, state committees, other government bodies and business associations” was adopted. According to the resolution, the deputy heads of government bodies and business associations are personally accountable to the President for the efficiency and effectiveness…
A panel session on “Trade and transport connectivity for sustainable growth in Central and South Asia” was held within the framework of the High-Level International Conference “Central and South Asia: Regional Connectivity. Challenges and Opportunities”. According to Uzbekistan MIFT, the event was moderated by the Advisor to the President of the Republic of Uzbekistan on…
The Uzbekistan government is set to take steps to open its embassy in Dhaka, according to a foreign ministry press release. Uzbek foreign minister Abdulaziz Kamilov asked officials of his ministry to start necessary steps for opening the embassy in Dhaka when foreign minister AK Abdul Momen met Uzbek president Shavkat Mirziyoyev in Tashkent on…
UN Secretary-General Antonio Guterres’ comments came as clashes between the Afghan government forces and the Taliban intensified since U.S. troops began to withdraw from the country. The countries of Central and South Asia can only fully benefit from potential opportunities if the region at large is at peace, UN Secretary-General Antonio Guterres has said, underlining…
Bangladesh and Uzbekistan have discussed the prospects for expansion of multifaceted cooperation between the two countries. Foreign Minister Dr AK Abdul Momen had a meeting with Uzbekistan President Shavkat Mirziyoyev at the International Conference on ‘Central and South Asia: Regional Connectivity, Challenges and Opportunities’ in capital Tashkent on Friday. At the meeting, the two sides…
Foreign Minister Dr AK Abdul Momen on Thursday held a meeting with his Indian counterpart Dr S Jaishankar at Tashkent, Uzbekistan and discussed issues of mutual interest. “Happy to meet Bangladesh Foreign Minister Dr AK Abdul Momen on the sidelines of the Tashkent Connectivity Conference. A good opportunity to review the progress in our ties,…
Uzbekistan has a great historical, cultural and architectural heritage. Samarkand, Bukhara, Khiva are the brands of the ancient culture of the East. The landscapes of mountains and deserts of Uzbekistan attract attention and admiration of the Internet community. Therefore, the tourism potential of this country can hardly be overestimated and the government is making significant efforts…
An Uzbek delegation led by Kitab district vice governor Bahtiyor Karimov recently visited Iran and met representatives of North Industrial Marine Coating Co. in the Mozandaran province to discuss production of paints and varnishes in the district. The Kitab administration and Iranian firm Payam Gostar Tejarat Farda signed an agreement on export of textile from…
The government has adopted a resolution “On additional measures to further simplify customs administration and procedures”, KunUz reported with the reference to the Ministry of Justice. According to the decree, from August 1, 2021, processing operations are allowed even in the absence of a foreign customer at the request of the customs regime. Also, new types of…
High Level Political Forum | 12 July 2021 | 13:30-15:00 CEST (7:30-9:00 NY times) | VIRTUAL EVENT Organizers: United Nations Economic Commission for Europe (UNECE), United Nations Environment Programme (UNEP) and the Ellen MacArthur Foundation. The post-COVID recovery offers an opportunity to reverse unsustainable economic trends and build back better, to promote sustainable consumption and…
H.E. Mr. Ilkhom Khaidarov Utkurovich, Chairman (with status of a Cabinet Minister) of “Uztekstilprom”, Association of Enterprises of the Textiles of the Republic of Uzbekistan and also former Ambassador of Uzbekistan visited Bangladesh Embassy on 11 July 2021 at 17.00 in order to discuss important bilateral issue with Bangladesh Ambassador H.E. Mr. Md Zahangir Alam.…
Dear Readers, We present to your attention a special edition of Global Markets «Uzbekistan: Focus on Capital Markets and Sustainable Development. Download: https://uzbangla.com/gm-uzbekistan-report-2021_print/
Uzbekistan has climbed up to the 29th place in the World Giving Index this year. Last year, the country was ranked 18th (46%) in donations to charities, 58th in helping others (57% of people), and 62nd in terms of volunteering (16%). Indonesia was ranked first with a score of 69, up from 59 the last…
Uzbekistan carried out construction works totaling $ 3.5bn over the past five months of 2021. This is up almost 100.9% than in the corresponding period of 2020. State-owned organizations have carried out construction works for a total amount of $ 141mn. Their share in the republic was 4.0%. The share of non-state organizations comprised 96.0%. The…
Uzbekistan‘s Finance Ministry is set to issue $870 million worth of eurobonds in two tranches, in US Dollars and Uzbek soms, a representative of the ministry told Sputnik on Friday. On Thursday, a source from the country’s banking sector also told Sputnik that Uzbekistan was planning to sell eurobonds denominated in dollars and soms. The authorities were expected to place a series of…
Central and South Asian countries are not linked by reliable transport routes, which hinders the realisation of their potential for economic cooperation. The international conference “Central and South Asia: Regional Connectivity. Challenges and Opportunities”, which is scheduled to be held on July 15-16 in Tashkent will help to develop vision and directions of the regions,…
Under the chairmanship of President Shavkat Mirziyoyev, on 7 July, a video conference was held on the development of viticulture and industrial processing of grapes, as well as measures to organize wine tourism in the regions. The head of state noted that in our country the traditions of viticulture have a long history and today…
H.E. Mr. Md Zahangir Alam, Bangladesh Ambassador had a meeting with Dr. Adkham Bekmurodov Sharipovich, Rector of the Academy of Public Administration under the President of Uzbekistan (former Deputy Foreign Minister) on 7 July 2021 at the Academy of Public Administration in Tashkent. Rector informed that Academy has 3 directions: Masters, PhD and training &…
The report of the US National Intelligence Council, Global Trends 2040, contrasts most strongly with the consolidated diverse peacekeeping initiatives in Afghanistan, broad efforts in this field by regional players (for example, Uzbekistan), and signs of a certain détente in Kashmir along the disputed India-Pakistan border. Both Afghanistan and Kashmir have long been a seething cauldron of…
The Uzbek economy has three key things going for it: it has growth; it has a young and growing population, and it has money. Over the last four years Uzbekistan has been a frenzy of reform activity after Uzbek President Shavkat Mirziyoyev opened up the country and began the long overdue process of modernising the economy. And…
On 2 July, Deputy Prime Minister – Minister of Investments and Foreign Trade of the Republic of Uzbekistan Sardor Umurzakov received Ambassador Extraordinary and Plenipotentiary of the Republic of Belarus Leonid Marinich. The parties exchanged views on the current state of economic partnership between the two countries and the prospects for further cooperation in investment,…
Experts from WHO are providing training for Uzbekistan’s national and regional laboratories to improve their capacity and preparedness to detect COVID-19. From 5–9 July, national public health laboratories involved in SARS-CoV2 testing will be trained by international experts on laboratory sample management, biosafety and biosecurity. Well-functioning, sustainable laboratory services, operating according to international quality and…
The Senate of the Oliy Majlis on the sixteenth plenary session on 26 June amended the Law of the Republic of Uzbekistan “On the state budget for 2021”. It was famous on the assembly that the implementation of selections taken over the previous interval of the present 12 months, the implementation of precedence duties and…
Uzbekistan’s Energy Ministry said on June 30 a new $380 million project to enhance the performance of the National Electric Grids of Uzbekistan (NEGU) has been approved by the World Bank’s Board of Executive Directors. “Uzbekistan has been working closely with the World Bank and other international institutions to open up the country’s power sector…
The unified electronic national catalog of products (goods and services) was approved by the Resolution of the Cabinet of Ministers “On measures to introduce a unified electronic national catalog of products (goods and services), electronic registration of contracts concluded between business entities and electronic registration of a power of attorney to receive inventory items” from…
The European Bank for Reconstruction and Development published its latest Regional Economic Prospects (REP) report, according to which the economy of Uzbekistan is set to grow by 5.6 per cent in 2021 and 6 per cent in 2022. The REP is expecting private consumption and investment to rebound as well. According to the report key…
President of Uzbekistan Shavkat Mirziyoyev got acquainted with the activities of the limited liability company “Dentafill Plyus” in Yangikhayot district of the capital. The enterprise was commissioned in 2019. Modern equipment from Switzerland, Germany, Turkey, China, Japan, Malaysia and South Korea were installed at the plant. Today, more than 172 types of drugs belonging to…
The Ministry of Investments and Foreign Trade of the Republic of Uzbekistan is pleased to present the report on “The Cost of Doing Business in Uzbekistan 2021”, prepared by PricewaterhouseCoopers (PwC) with the support of the United States Agency for International Development (USAID) and in cooperation with the United Nations Development Program (UNDP). The report…
On 23 June, President Shavkat Mirziyoyev got acquainted with a presentation on measures to organize the educational process at the New Uzbekistan University. The availability of highly qualified specialists is of decisive importance for the development and future of any country. In Uzbekistan, which has set itself ambitious tasks in all spheres, attention is paid…
Uzbekistan produced more than 85,790 passenger cars in January-May 2021, which is 27.25% less compared to the same period in 2020. In the automotive industry in January-May 2021, 25,059 cars of the Cobalt brand were produced (-16.8%), 11130 – Nexia (-62.2%), 16848 – Gentra (-22.9%) , 22799 – Damas (+ 2.9%), 4942 – Spark (-59.4%)…
The founder of Nas Daily, a star of social networks and video blogger with millions of subscribers around the world, Nuseir Yassin paid a visit to the UzAuto Motors Powertrain. This was reported by the press service of UzAuto Motors. Yasin is a Galilee-born Harvard graduate who worked as an engineer in New York, but…
In January-May 2021, Uzbekistan’s foreign trade turnover (FTT) reached US$14.57 billion, which, compared to the same period of 2020, decreased by US$1.7 billion (a decrease of 13.2%). Of the total volume of the FTT, exports made up US$5.73 billion (a 14.0% decrease was noted against January-May 2020), and imports – US$8.83 billion (an increase of…
Uzbekistan exported textile products worth $637.7 million to 54 countries in the first quarter (Q1) of this year, which is $174.9 million more than the country’s exports in the same period in 2020, as per a recent report by the Statistics Committee. The country had exported textile goods worth $1.9 billion to 70 foreign countries…
At a business forum held as part of the visit of the President of the Republic of Tatarstan and his delegation to Uzbekistan, the agenda also included the development of cooperation between Uzbekistan and Russia in the leather, footwear and fur and fur industries. In particular, a number of meetings were held to establish partnership…
Residents of cities located in two southern regions of Uzbekistan will benefit from improved urban infrastructure and municipal services, thanks to Additional Financing for the Medium-Size Cities Integrated Urban Development Project, approved today by the World Bank’s Board of Executive Directors. The project will be supported by a US$100 million concessional credit. The International Development…
In the context of globalization, interstate interaction of economic entities of the national economies of Central Asian countries go beyond the framework of foreign trade transactions, developing into new forms of economic cooperation. One of such forms is industrial cooperation, which over the past 20 years has become one of the essential factors in achieving…
Today, the Government of Uzbekistan officially launched a new unit within the Ministry of Health (MOH), the Public Health Emergency Operations Center (PHEOC). The establishment of the PHEOC was supported by the U.S. Centers for Disease Control and Prevention (CDC), working through two international partners, Integral Global Health (IGH), and the Civilian Research and Development…
The foreign policy of Uzbekistan, which is aimed at rapprochement and strengthening good-neighborly, friendly and mutually beneficial relations with neighboring states, has created a solid foundation for the development of trade, economic and investment cooperation between the countries of Central Asia (CA). The CA countries cover a market area of 75.3 million people. In 2020,…
From 24 to 26 May 2021, in the city of Termez, Surkhandarya region, with the participation of Uzbek and Afghan businessmen, an exhibition of national products “Made in Uzbekistan”, a Business Forum, as well as an Interregional and Intersectoral Industrial Fair are being held, and cooperative exchange. The stand presents more than 50 samples of…
The Ministry of Agriculture of the Republic of Uzbekistan, the UN Development Program, and the Food and Agriculture Organization of the United Nations (FAO) organized the first National Dialogue in preparation for the UN Summit on Food Systems, which will be held in September 2021 in parallel with the UN General Assembly in New York.…
President of Uzbekistan Shavkat Mirziyoyev held a meeting on 25 May on measures to improve the plant protection system. Plant protection is a set of measures that are important for ensuring the quality and safety of food products and increasing their exports. The implementation of these measures is currently carried out by the joint-stock company…
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President of Uzbekistan Shavkat Mirziyoyev held a meeting on 27 April to discuss investment projects being implemented in free economic and small industrial zones. Today in our country there are 23 free economic and 348 small industrial zones. The FEZ has implemented 453 projects totaling US$2.6 billion and created about 36 thousand jobs. The SEZ…
Ambassador of Bangladesh to Uzbekistan requested Uzbek President to establish the Embassy of Uzbekistan in Dhaka and resume the direct passenger flights Dhaka-Tashkent-Dhaka route to enhance bilateral communication in the fields of tourism, education, sports and culture. The new Ambassador, Md Zahangir Alam, presented his credentials on Friday to the Uzbek President, Shavkat Mirziyoyev. He…
The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Republic of Uzbekistan and considered and endorsed the staff appraisal without a meeting on a lapse-of-time basis. While the pandemic hit Uzbekistan’s economy especially hard in the first half of 2020 and inflicted considerable hardship, the recession was moderated…
Uzbekistan is investing $ 2 million in the creation of a garment factory in the free economic zone (FEZ) Bishkek, Uztekstilprom reports. General Director of the FEZ “Bishkek” Kudret Taichabarov, the head of the Uzbek company Nil-Granit (SAMO brand) Akrom Ganiev and the deputy head of the Uztekstilprom Association Daniyar Khabibullaev signed a roadmap. According…
On 12 April, President of Uzbekistan Shavkat Mirziyoyev got acquainted with the presentation of investment projects that will be implemented in the city of Tashkent. In 2021-2023, it is planned to implement 1,390 investment projects in Tashkent for US$10.7 billion and create about 98 thousand jobs. In particular, this year it is planned to master…
On 8 April 2021, the Ministry of Finance of the Republic of Uzbekistan, in cooperation with the World Bank, organized a “virtual” round table on the topic “The importance of knowing land use regimes. Prospects for the application of international experience”. The round table was attended by the Senior Technical Advisor and Global Lead for…
Uzbekistan will start the first stage of mass vaccination against coronavirus with the AstraZeneca vaccine from April 1, an Uzbek Health official said on Wednesday. Elderly and disabled people, employees of the healthcare and education systems, as well as members of law enforcement bodies will be vaccinated in the first place, the deputy head of…
Taking into account the personnel issue of organizing the work of an information and computing center with high indicators and results to ensure the high-quality implementation of the relevant decree and Decree of the President of the Republic of Uzbekistan and the instructions of the Ministry of Finance of the Republic of Uzbekistan from 14…
Uzbekistan, one of the world’s leading cotton exporters, sent a high-level delegation earlier this week to the Chinese-invested Gwadar Port in Pakistan to look for logistics opportunities that might help it export its cotton, the Global Times has learned. Analysts said the move highlighted the big potential demand countries have for an international public facility…
Today, on 6 February, a specialized school with in-depth study of informatics and information technologies was opened on the basis of school No. 8 in the city of Jizzakh. The school has modern computer science and robotics classrooms, e-sports, mathematics, English rooms, as well as a digital library and a conference room. The classrooms are…
In order to ensure the smooth operation of existing industrial facilities in departments and factories in connection with the impact of the coronavirus pandemic, significant work is being done to expand the participation of domestic manufacturers in the procurement system and gradually reduce the need for imports. Today, a new way of cooperation with local…
A resolution of the President “On additional measures to create a healthy competitive environment in the agricultural engineering industry” was adopted. According to the resolution, domestic manufacturers of agricultural machinery operating in the agricultural machinery industry: – for a period until 1 January 2022, they are exempt from customs payments (except for VAT and customs…
In 2020, Uzbekistan imported 131 electric vehicles from abroad. The State Statistics Committee of Uzbekistan reports. It should be noted that this figure is 92 units more compared to the same period of last year. According to the State Statistics Committee, this year 92 electric vehicles were imported from China, 13 from the Republic of…
A positive trend in economic development will continue for the next 3 months, the authors of the study believe. The easing of quarantine restrictions and the large-scale measures taken by the government to support the economy made it possible to maintain positive rates of economic growth. The economic situation in Uzbekistan continues to improve, which…
A United Nations report on Tuesday said that Bangladesh’s gross domestic product growth fell to 0.5 per cent in the calendar year 2020 due to the COVID-19 pandemic. Bangladesh saw its economic growth down to 0.5 per cent in 2020 from 8.4 per cent in 2019, said the report titled the World Economic Situation and…
According to preliminary estimates, in 2020, the gross domestic product of Uzbekistan at current prices made up 580.2 trillion soums and, compared to 2019, increased in real terms by 1.6%. The GDP deflator index, in relation to the prices of 2019, was 111.9%. This was reported by the press service of the State Statistics Committee.…
On 19 January 2020, a video conference was held on the cardinal improvement of the system of spiritual and educational work, strengthening the interaction of state and public organizations in this process. The meeting was chaired by the President of the Republic of Uzbekistan Shavkat Mirziyoyev. World historical experience shows that nations make progress thanks…
An expanded meeting with the heads of diplomatic missions of the Republic of Uzbekistan abroad was held at the Ministry of Investment and Foreign Trade, during which an analysis of their activities at the end of 2020 was carried out, as well as key priorities in work for 2021 were considered. The event was attended…
Uzbekistan MFA hosted a meeting of the Minister of Energy of Uzbekistan Alisher Sultanov with heads of diplomatic missions of Uzbekistan abroad. Participants were informed about the current priorities and plans for the development of Uzbekistan’s fuel-energy industry, including the participation of foreign investments and the creation of new opportunities, renewable energy sources. Detailed explanations were…
The pandemic has had a significant impact on the world real estate and car markets, all countries of the world have felt its consequences, and Uzbekistan is no exception. Economists are confident that changes in demand in the real estate and auto markets are one of the main indicators of economic recovery, since the demand…
Negotiations on the implementation of new investment projects based on the localization program were held between the Uzcharmsanoat Association and the German company PeconTrade. It should be noted that Pecon Trade is considered the largest German company for the production of import substitution products. It has already successfully launched a large enterprise for the production…
Governments and religious leaders in Muslim-majority nations are talking to vaccine makers, investigating production processes and issuing guidance in an effort to make sure concerns about products prohibited by Islam don’t interfere with Covid-19 inoculations, foreign media reported. On Friday, the high clerical council in Indonesia, with the world’s largest Muslim population, said that China’s…
Today the Governments of the United States of America, the Republic of Kazakhstan, and the Republic of Uzbekistan are announcing the launch of the Central Asia Investment Partnership. The participants welcome other countries to join this initiative to promote regional economic partnership and prosperity. Through this initiative, the U.S. International Development Finance Corporation (DFC), Astana…
Uzbekistan plans to master investments in fixed assets in the amount of more than 251.08 trillion soums in 2021. On 31 December 2020, the Government of Uzbekistan approved an investment program for 2021-2023. According to the document, in 2021-2023 Uzbekistan intends to master investments in fixed assets in the amount of more than 928.7 trillion…
A government resolution “On measures to improve the system of organizing the educational process in higher educational institutions” was adopted. According to the resolutin, starting from the 2020/2021 academic year, the educational process in higher educational institutions is gradually transferred to a credit-modular system. According to the decision of the Council of a higher educational…
he airline ticket search service Aviasales.uz conducted a study on what has changed in the travel industry of Uzbekistanis in 2020 – there is a demand for travel, there are few opportunities. With countries’ borders closed for most of the year, demand for air travel fell by only 20%, while ticket sales fell 73% year-over-year.…
In order to activate “points of growth” in the regions, create favorable conditions for entrepreneurs in all cities and regions, small industrial zones and technoparks are being created. Technopark “Urgench” was commissioned in May 2020. Soon two enterprises started working here – “Oq oltin mega tekstil” for the manufacture of clothes and “Great Khorezm” for…
President of Uzbekistan Shavkat Mirziyoyev arrived in Khorezm region on 12 December and visited an innovative greenhouse complex in Khanka district. The facility of the limited liability company “Red Star Oxus” and worth more than 205 billion soums was put into operation in February this year. At the first stage of the project, hydroponic cultivation…
The President of Uzbekistan adopted a resolution “On measures to further accelerate the organization of the introduction of water-saving technologies in agriculture”. According to the resolution, the rate of implementation of drip and sprinkler irrigation systems, as well as a discrete method of irrigation with leveling the ground using laser equipment will be increased five…
The Ministry of Employment and Labor Relations of Uzbekistan hosted a meeting with the Ambassador Extraordinary and Plenipotentiary of the People’s Republic of Bangladesh to the Republic of Uzbekistan Jahangir Alam. During the talks, the Minister of Employment and Labor Relations, Nozim Khusanov, provided the guest with detailed information about the reforms aimed at ensuring…
In January-October 2020, Uzbekistan produced 8.8 million tonnes of cement. This indicator increased by 2.6% compared to the corresponding period of last year. This was reported by the press service of the State Statistics Committee. The largest share in the total volume of products produced by enterprises for the production of cement at the republican…
To improve the taxation of property and land plots, the Decree of the President of the Republic of Uzbekistan “On further improvement of resource taxes and property tax” was adopted. The document provides for a number of innovations. The right to set land tax rates (with the exception of agricultural land) has been granted to…
On November 30, the European Commission decided to grant Uzbekistan the status of the beneficiary country to the EU’s GSP+ ahead of schedule, the Ministry of Investments and Foreign Trade said. The document was signed by the Chairman of the EU Commission, Ursula von der Leyen. “The decision was based on the reports of the…
Central Asian emerging economic power Uzbekistan is becoming a new favourable spot for exporting Bangladeshi manpower as a batch of 239 Bangladeshi workers flew to the country for the first time on Saturday. The workers reached the country by a special aircraft of Uzbekistan Airways at 10:30am from Hazrat Shahjalal International Airport (HSIA). Group Captain…
President Shavkat Mirziyoyev has got acquainted with the working process at Tashkent Metallurgical Plant. In terms of technical and technological capacities, the enterprise is one of the major industrial complexes in the world. Equipment manufactured in 27 countries, including Italy, Germany, Russia, Austria, Switzerland, South Korea, is installed here. Systems of automation and control of…
Uzbekistan harvests about 3.82 million tons of raw cotton in 2020, the press service of the Ministry of Agriculture reported. The Ministry notes that the growth compared to 2019 was 9%. At the same time, the forecast indicator for the cotton harvest was fulfilled by 99.4%. Kashkadarya region (95.8%), Syrdarya region (93.5%), Bukhara region (89.1%)…
President Shavkat Mirziyoyev has chaired a meeting on improving the activities of the national hydrometeorological service. On November 3, President Shavkat Mirziyoyev held a meeting on priority tasks of improving the activities of the national hydrometeorological service. The hydrometeorological service is important for many sectors, such as agriculture, energy, transport and ecology. But due to…
Industrial cooperation is considered by many countries as a tool to achieve high production efficiency through division of labor, specialization, rational use of available production and technological capacities and optimization of the use of all types of resources. I. The specified model of the organization of production has spread rapidly, especially over the past 20…
According to the resolution of the Cabinet of Ministers from 17 September 2020, in the city of Namangan, the staff of lawyers in 9 state bodies, including the state tax inspectorate of the city of Namangan, the financial department, the Extra-budgetary pension fund, medical association, department of culture, department of public education, department of preschool…
President of Uzbekistan Shavkat Mirziyoyev has held a meeting on speeding up the implementation of investment projects in the electrical engineering and pharmaceutical industries, as well as securing the production of competitive goods. As a result of measures taken to modernize these areas and expand the range of their products with higher added value, the…
During a video conference chaired by President Shavkat Mirziyoyev, priority tasks for the development of services in the regions were discussed. Services are an important sector of the economy. In the world, the share of the sphere in GDP is on average 61 percent. In our country, this figure reached 36 percent, while 86 percent…
Uzbekistan aims to deploy significant additional power capacity by 2030, including 5 GW of PV, 3 GW of wind energy, 3.8 GW of hydropower, as well as 2.4 GW of nuclear. Large solar PV plants with capacities of 100-500 MW will be built mainly in the central and southern regions, with 50-200 MW solar plants…
A videoconference was held between the leadership of the Ministry of Innovative Development of Uzbekistan and the Ministry of Science, Technology and Innovation of Malaysia. The Embassy of Uzbekistan in Malaysia has organized a videoconference between the leadership of the Ministry of Innovative Development of Uzbekistan and the Ministry of Science, Technology and Innovation of…
Countries participating in the United Nations Special Program for the Economies of Central Asia (SPECA) have recognized the need for a more comprehensive approach to economic restructuring for more effective recovery and achievement of the Sustainable Development Goals (SDGs) by 2030. At the SPECA Economic Forum, which opened today, senior officials also called for enhanced…
On 16-17 November, the Embassy of Uzbekistan in the UK jointly with the British Chambers of Commerce Association (BCC) and the British Chamber of Commerce in Kazakhstan (BCCK) with the support of the Ministry of Investment and Foreign Trade (MIFT) and the Chamber of Commerce and Industry (CCI) organized an online trade mission to our…
The Ministry of Innovative Development held talks with representatives of the Institute of Microbiology of Chinese Academy of Sciences and Anhui Zhifei Longcom Biopharmaceutical on conducting clinical trials of a recombinant coronavirus vaccine. The vaccine, developed by this company and currently undergoing clinical trials, is an engineering-genetic protein of coronavirus surface antigen and has a…
According to the results of January-September 2020, the foreign trade turnover (FTT) of Uzbekistan reached US$27.49 billion, compared to the same period of last year, decreased by US$3.75 billion. Of the total volume of the FTT, exports made up US$12.47 billion (by January-September 2019, a decrease of 6.0% was noted), and imports – US$15.02 billion…
For the first time ever, Uzbekistan has become a member of the UN Human Rights Council for 2021-2023. The move is said to be part of purposeful efforts aimed at enhancing the protection of human rights in the country, the significant stepping up by Uzbekistan of engagement into cooperation in this field, as well as…
Ambassador of Uzbekistan to the Benelux countries Dilyor Khakimov has taken part in the international online conference “Education 4.0. A new look at the tourism education system”. The event was organized by Modern Education & Research Institute (MERI), the State Committee for Tourism Development of the Republic of Uzbekistan with participation of the Embassy of…
World renowned Nike and Adidas are planning to open sport shoes production units in Uzbekistan, Fakhriddin Boboev, chairman of Uzcharmsanoat association, said. “We have reached an agreement with Nike and Adidas to enter our market. The production units will be set up in Andijan province. The JV Sino International plant plans to 3 million pairs…
On 23 September 2020, in the format of a video conference, a regional webinar of the Organization for Economic Cooperation and Development (OECD) was held on the topic: “Improving the legal environment for entrepreneurship in Central Asian countries”, which was attended by members of governments, heads of ministries and departments of the investment and economic…
Over the last month, and again last week, the U.S. Customs & Border Protection Agency went after China again. They imposed import bans on another five companies, bringing the total number of 9 companies in the Xinjiang province of far Western China due to the use of forced labor. Most of the bans were centered…
Gazprombank, one of the largest financial institutions in Russia, plans to open its representative office in Uzbekistan. The Supervisory Board of Gazprombank has decided to open a representative office in Uzbekistan. The decision was made on 22 September 2020. The Supervisory Board approved the decision of the Bank’s Board of Directors to open a representative…
The Government resolution approved the Program of measures for socio-economic development and poverty reduction in the city of Kattakurgan, Samarkand region for 2020-2022. According to the Program, 204 projects are planned to be implemented in the city of Kattakurgan for the purposes of integrated socio-economic development and poverty reduction in the specified years. In particular,…
Under the chairmanship of President Shavkat Mirziyoyev, a video conference on additional measures for the development of entrepreneurship in the regions was held on 24 September. Small business and private entrepreneurship is one of the points of economic growth, an important source of employment for the population. Therefore, special attention is paid to the development…
A high level meeting between leaders of knitwear sector under Bangladesh Knitwear Manufacturers & Exporters Association (BKMEA) and recently appointed Bangladesh Ambassador to Uzbekistan Mr Zahangir Alam was held at BKMEA Dhaka office on 17 September, 2020. The meeting was initiated and organized by Mr Mehdi Mahbub, Advisor to Uztextileprom (Uzbekistan Textile Association/ Ministry) and…
On 17-18 September, the Annual Meeting of the Board of Governors of the Asian Development Bank (ADB) was held in the format of a videoconference, within the framework of which a High-Level Session of the Central Asia Regional Economic Cooperation (CAREC) dedicated to regional cooperation was also held during a pandemic and determining further steps…
It is a great honor for me today, 1st September 2020, to deliver my warmest congratulations to the Uzbek people through Uzbangla with regards to the celebration of the 29th anniversary of the Independence of the Republic of Uzbekistan. Upon assuming power in 2016, President Shavkat Mirziyoyev began putting in place economic, financial and foreign…
Uzbek garment-textile exports rose by 112 per cent to $1 billion from January to July as new markets opened up and new products were developed. During the period, the country exported textile-garment products to 57 countries and regions. The main destinations were Russia (39 per cent), China (18 per cent), Kyrgyzstan (13 per cent) and…
Uzbekgidroenergo plans to obtain an international credit rating, issue bonds for placement on the London Stock Exchange and other plans. They are associated with the step-by-step implementation of the task of introducing the transition to International Accounting Standards (IAS) in the joint-stock company. International accounting standards cover a wide range of transactions, while relying on…
At a regular meeting of the Legislative Chamber of the Oliy Majlis, held on 26 August 2020, the draft law “On personal subsidiary plots” was discussed in detail in the first reading. At the meeting, the deputies noted some inconsistencies in previous laws and current legislation. For example, the current legislation provides for liability for…
Startups play a vital role in developing technology and driving innovation. At the current stage of economic development innovative entrepreneurship (startups) is rightfully considered the most significant driving force of socio-economic development. In the Year of Science, Enlightenment and Digital Economy Development, the Startup Initiatives support program will be held online due to the pandemic.…
On 19 August 2020, the Committee of the Senate of the Oliy Majlis on Science, Education and Health in the form of video conference held a meeting with senior officials of the International Labor Organization. The meeting focused on the preparation of a national strategy on social protection between the ILO and the Senate of…
On 16 August 2020, the Bangladesh Ambassador designated to Uzbekistan, Mr. Zahangir Alam held a meeting with the Advisor to Uztextileprom (Uzbekistan Textile Association/ Ministry) and President of Bangladesh RMG Centre, Mr. Mehdi Mahbub at Ministry of Foreign Affairs in Dhaka. They had threadbare discussions to identify collaboration scopes between Bangladesh and Uzbekistan. An incumbent…
On August 14, President of the Republic of Uzbekistan Shavkat Mirziyoyev became familiar with presentation of projects to expand the tourism potential. The suspension of international flights and introduction of restrictions on traffic due to the coronavirus pandemic has had a strong negative impact on tourism sector around the world, including in Uzbekistan. More than…
Representatives of the Embassy of Uzbekistan in China organized virtual talks between Uzagroservice JSC and China’s Xinjiang Boshiran Agricultural Machinery Technology on establishment of cooperation in agricultural machinery production. The parties discussed the issue of signing a Cooperation Agreement between Uzagroservice JSC and Xinjiang Boshiran Agricultural Machinery Technology. The Chinese side announced its interest in…
The Confederation of Indian Industries (CII) hosted a roundtable discussion on “India and Central Asia: Changing the agenda for future growth and prosperity”, via videoconference. The online event was attended by prominent politicians of the country, heads of companies and representatives of the business community, academic researchers, heads of diplomatic missions. Uzbekistan was represented by…
ADB approved a multitranche financing facility (MFF) in August 2009 for the program for up to $300 million from ADB’s Asian Development Fund. The program aimed to improve the living standards, environment and public health in eight of Uzbekistan’s 13 provinces through increased access to safer and more reliable water supply and sanitation (WSS) services…
Last week, the third annual meeting of the Consultative Council of the International Finance Corporation’s (IFC) Sustainable Cotton Supply Chain Project took place with the participation of the Cotton Campaign and several of its member organizations, as well as Uzbek human rights defenders, international organizations, and other stakeholders. The Uzbek government was represented by the…
A resolution of the President of Uzbekistan “On measures to implement the project “Modernization of agriculture of the Republic of Uzbekistan” with the participation of the International Bank for Reconstruction and Development and the International Development Association was adopted. To finance the project “Agricultural Modernization of the Republic of Uzbekistan” on 20 March 2020, the…
On August 12, President Shavkat Mirziyoyev chaired a videoconference on development of industry in the regions and expansion of manufacturing competitive products. Industrial enterprises play an important role in ensuring economic stability, maintaining existing jobs and creating new ones. Therefore, despite the pandemic, Uzbekistan has created conditions for uninterrupted operation of such enterprises. As a…
The Embassy of Uzbekistan in Turkey organized a meeting in Turkey’s Hatay region. At the meetings in the city municipality, the Chamber of Commerce and Industry, as well as the Association of Business People of the region, a presentation of the investment and tourism potential of Uzbekistan was held. Meetings and negotiations were held with…
As the whole world collectively is trying to fight Covid-19, intense, devastating, and perhaps irreversible losses are being incurred by the small and medium business enterprises and by entrepreneurs who, for example, just got their products from the prototype stage before getting into the market. Now, as countries are competing for finding the vaccine that…
A resolution of the President of the Republic of Uzbekistan “On additional measures to ensure employment of the population, vocational training, attraction to entrepreneurship and increase labor activity of the poor and unemployed” was signed. The purpose of the resolution is to introduce a fundamentally new system of teaching modern professions and entrepreneurial skills, to…
Amendments and additions are made to some Government resolutions were approved. According to the amendments, the cash currency of Uzbekistan imported and exported by individuals and (or) cash foreign currency in excess of the equivalent of 70 million soums must be declared (currently US$2,000). In addition, cash foreign currency within an amount equal to or…
The Ministry of Justice of the Republic of Uzbekistan and the representative office of the German Society for International Cooperation (GIZ) in Uzbekistan signed a joint program of activities within the framework of the regional GIZ program “Promotion of legal statehood in Central Asian countries”. The event was attended by the Minister of Justice R.…
Uzbekistan aims to become one of the world’s largest gold producers within the next several years that will be achieved through more development of its domestic gold regions. According to latest data, published by the Uzbek State Committee for Geology, the country currently has 63 large-scale gold mining fields, which have total reserves of more…
Uzbekistan is one of the key countries in the implementation of Europe Asia Connectivity Strategy, where there is a huge potential for private sector involvement, Ambassador of the European Union Delegation to Uzbekistan Eduards Stiprais told Trend in an interview. “Firstly, this is the further development of transport routes, including towards China, but also towards…
Now employees of state bodies, public organizations, business entities, representatives of the social sphere and the media, as well as compatriots abroad who have made a worthy contribution to the development and popularization of the tourism industry in the Republic of Uzbekistan will be awarded badge for merit and active promotion of tourism. The procedure…
One of the projects implemented in Tashkent region at the expense of foreign direct investment is a joint venture in Yuqorichirchiq district Euro Global Invest. The total cost of this project is 30.3 million euros. It is planned to establish the production of prefabricated reinforced concrete products necessary for the construction industry. With commissioning of…
On 7 August 2020, under the leadership of Deputy Prime Minister of the Republic of Uzbekistan Sardor Umurzakov, a video conference was held to discuss the implementation of measures to provide comprehensive support to entrepreneurs and exporters of the republic, to take measures to increase exports domestic products, taking into account the current situation in…
The Embassy of the Republic of Uzbekistan in the Republic of Korea held a meeting with the head of the Travelers Club Library in Incheon, chairman of the Sopung Tour travel company Kim Kwang Sung, Dunyo news agency reported. Travelers Club Library was established in 2013 to increase interest in overseas travel among the Korean…
Uzstandard Agency has developed a number of draft guidelines based on the experience of member countries of the International Organization for Standardization (ISO). Manuals are prepared in a standard form and are used voluntarily. They set out recommendations for industrial enterprises on hygiene, infection and prevention, public catering, transport, camping, entertainment, education, business, health, sports…
On August 4 this year, the third meeting of the Advisory Board of the International Finance Corporation (IFC) project on the development of socially responsible and environmentally sustainable cotton production in Uzbekistan was held in the format of a video conference. The conference was attended by representatives of the World Bank Group, the German Society…
Representatives of the Permanent Mission of Uzbekistan to the UN Office and other international organizations in Geneva and the State Customs Committee of the country held virtual talks with the staff of the United Nations Conference on Trade and Development (UNCTAD). At the event, issues related to the customs modernization of Uzbekistan and introduction of…
The Uzbekistan international trade in six months of 2020 decreased by 18.2% to the last year, the State Statistics Committee said in a report. In January-June 2020, Uzbekistan’s trade in goods with foreign countries US$ 15.8 billion, a US$ 3.5 billion decrease compared to the last year. Of the total volume of foreign trade, exports…
On 4 August 2020, the third meeting of the Advisory Board of the International Finance Corporation (IFC) project on the development of socially responsible and environmentally sustainable cotton production in Uzbekistan was held in the format of a video conference. The event was attended by representatives of the World Bank Group, the Deutsche Gesellschaft für…
Today, representatives of the Ministry of Foreign Affairs of the Republic of Uzbekistan and the World Bank met in a videoconference format, at which they discussed issues of enhancing cooperation in the management of transboundary water resources and adaptation to climate change in Central Asia, Dunyo news agency reported. The meeting was attended by the…
According to the study “Uzbekistan Startup Indicator 2020” conducted by the Association of Venture Investment of Uzbekistan with the support of the investment fund “Sturgeon Capital”, IT Park Uzbekistan, JSCB “Universal Bank” and the law firm “Centil Law”, startups in Uzbekistan are more focused on the development of financial, medical and educational technologies. Measuring the…
Embassy of Uzbekistan in India organized negotiations between the leadership of Uzbekistan Textile Industry Association and a number of Bangladesh associations in the textile industry, via videoconference. The event was attended by the Advisor to the Chairman of Uzbekistan Textile Industry Association on reforming the textile industry M. Mahbub and heads of leading textile companies…
In the period from January to June 2020, the total volume of utilized foreign investment made up US$4.8 billion, including foreign direct investment – US$3.2 billion and foreign loans under a state guarantee – US$1.6 billion. At the same time, the volume of development of foreign direct investment in fixed assets reached US$2.6 billion with…
What is necessary to do to return society to a normal life after a pandemic – this was discussed during the 21 July 2020 at an online forum on “Sustainable Development Goals and Sustainable Social Development: Effective Recovery from COVID-19.” During four working sessions of the forum, a wide range of issues of social development,…
On 21 July, President Shavkat Mirziyoyev held a meeting to discuss the provision of complete land registration and public cadaster system, introduction of digital technologies into the sphere. Accurate accounting and efficient use of land are very important for many spheres, such as agriculture, entrepreneurship, manufacturing, construction, geology. During his trips to the regions, the…
The President of Uzbekistan Shavkat Mirziyoyev approved a new package of anti-crisis measures for the population, business, catering, trade and services. The text of the presidential decree was published by the Ministry of Finance. According to the decree of the catering enterprise: a) are exempt from payment: fee for the right to carry out retail…
On 17 July 2020, Deputy Foreign Minister of the Republic of Uzbekistan Sherzod Asadov met with the Secretary General of the Organization for Security and Cooperation in Europe Thomas Greminger and Chairman of the OSCE Permanent Council Igli Hasani in Vienna. During the talks, the sides discussed the current state and prospects for further deepening…
Bangladesh Venture Capital has invested an undisclosed amount of money in the seed round of AALO, a digital mediatech startup. A deal was signed on Monday at the Dhanmondi office of the local alternative investment firm, says a press release. The investor firm’s Acting Managing Director Md Jahir Uddin, Chief Investment Officer Hamidul Haque Khan,…
Uzbekistan produced 143,450 passenger cars in January-June 2020, which is 1.2% higher compared to the same period of 2019. According to the State Statistics Committee of Uzbekistan, in January-June 2020, 1,832 trucks were produced in the republic (by the corresponding period of 2019, the volume of production decreased by 25.4%). In the automotive industry, in…
The Asian Development Bank or ADB has reshuffled the current year’s projects, pushed back a few and included some fresh programmes with the objective of offsetting the impact of the pandemic on life and livelihood in Bangladesh. The changes were made while preparing the country operation business plan for 2021-2023 and updating it for 2020-2022…
Uzbekistan increased the output of cotton fiber by 33.4% in January-June 2020 compared to the same period of 2019. According to the State Statistics Committee, Uzbekistan produced 344,000 tonnes of cotton fiber in the first half of 2020. Enterprises of Uzbekistan produced 214,100 tonnes of cotton yarn in January-June 2020. The growth compared to the…
The third meeting of joint working commission on trade and economic cooperation between Bangladesh and Uzbekistan is likely to be held here in October aiming to expand trade and commerce, officials said. Commerce minister Tipu Munshi has already given his consent to hold the meeting between the two countries. The commerce ministry has asked the…
US$500 million agriculture modernization project finance agreement was signed with the World Bank on July 11. On behalf of Uzbekistan, the agreement was signed by the Deputy PM/Minister of Investment and Foreign Trade Sardor Umurzakov, while on behalf of the World Bank, Regional Director for Central Asia Lilia Burunciuc. The online signing ceremony was also…
Tashkent, Uzbekistan (UzDaily.com) — In pursuance of the Resolution of the President of the Republic of Uzbekistan “On measures to implement the investment project “Construction of ammonia and urea production at Navoiazot JSC” from 21 July 2015, Uzkimyosanoat JSC is implementing an investment project jointly with a consortium of Japanese companies Mitsubishi Heavy Industries, Ltd and…
The ceremony of signing a Statement of Intent has been held between the Agency for the Development of the Capital Market of the Republic of Uzbekistan, the United Nations Development Programme (UNDP), and the Islamic Development Bank, establishing cooperation for the introduction of Islamic finance in Uzbekistan. The development of this new type of financing…
Tashkent, Uzbekistan (UzDaily.com) — The growth of the gross domestic product (GDP) of Uzbekistan made up 0.2% in January-June 2020 versus 6% in the same period of 2019. The State Statistics Committee of Uzbekistan reported. Industrial production in Uzbekistan decreased by 1.9% in January-June 2020 against 4.8% in the first half of 2019. The growth rates…
President Shavkat Mirziyoyev signed the Additional measures to further develop the competition environment and reduce state participation in the economy decree, which in particular, approved the Competition Development Strategy and Roadmap for its implementation until 2024 inclusive, Uzbekistan 24 reported. In accordance with the Decree, the Antimonopoly Committee shall become accountable to the Senate and…
A government resolution “On additional measures to improve the procedure for the development of promising investment projects” was adopted. In accordance with the decree, the shares of the Republican Design Institute “UzEngineering” and JSC “UzLITIneftegaz” in the authorized capital of JV “WorleyParsons Uzbekiston Engineering” LLC are transferred to the Center for Development of Investment Projects…
A solemn event dedicated to the presentation of new railway equipment was held today. The ceremony was attended by the heads of the board and responsible structural divisions of Uzbekiston Temir Yollari, as well as invited guests – representatives of domestic and foreign media. In total, two new electric locomotives of the 3ES5K series (“ERMAK”),…
Officials of Uzbekistan and the European Union held the fifth round of talks on a new comprehensive bilateral agreement online on July 9-10, the Ministry of Foreign Affairs said. The Enhanced Partnership and Cooperation Agreement (EPCA) will replace the partnership and cooperation agreement that has been in force since 1999. Earlier, the Ministry of Foreign…
IFC, a member of the World Bank Group, is providing a $12.5 million long-term loan to JSC Indorama Kokand Fertilizers and Chemicals to finance the modernization of its fertilizer plant in Uzbekistan, which will create jobs and benefit the country’s agriculture sector. The investments will help the company introduce energy-efficient technologies to boost production capacity…
Dilshod Akhatov has been appointed the new ambassador of Uzbekistan to India, repalcing Farhod Arziev was appointed the first deputy foreign minister in February, the Ministry of Foreign Affairs said. Prior to this appointment, Dilshod Akhatov, 48, served as Deputy Minister of Foreign Affairs since May 2018. In 2010-2013, he served as the ambassador of…
As of July 1, the resident population of Uzbekistan stands at 34.19 million people, the State Statistics Committee said in a report. Of the total, 17.3 million people live in cities, and 16.89 million – in rural areas, the report added. In the end of the first half of 2019, there were 33.52 million people…
President of Uzbekistan Shavkat Mirziyoyev signed a decree “On Uzbekistan’s Development Strategy “. The document has approved Uzbekistan’s Five-Area Development Strategy for 2017-2021 which was developed following comprehensive study of topical issues, analysis of the current legislation, law enforcement practices, the best international practices, and following public discussion. The Decree has created a National Commission responsible…
Few countries in the world are undertaking a liberalisation of their energy sector on the scale of Uzbekistan, as its government continues its effort to open up the country’s economy to more foreign direct investment (FDI). Power Technology reports in its article Uzbekistan energy minister makes ambitious plans that the population of Uzbekistan is growing fast and electricity…
For a long time, a major issue that has plagued international trade is that payments are received many weeks, and sometimes even months, after the delivery of the goods. Such delays inevitably lead to cash flow problems for exporters, especially the small and medium-sized enterprises (“SMEs“), and can be further worsened by non-payment by the…
The Asian Infrastructure Investment Bank’s (AIIB) Board of Directors has approved a loan of US $165.5m to improve road efficiency, safety and climate resilience of major cross-border roads in the Bukhara region in Uzbekistan. Good road connectivity is an essential growth driver in landlocked Uzbekistan. The country’s road network plays an important role in transporting goods and…
Uzbekistan filed an official application for the beneficiary status of the European Union’s General System of Preferences Plus (GSP +), the Ministry of Investment and Foreign Trade (MIFT) said. “Uzbekistan’s obtaining this status will help significantly increase the volume of exports to the EU and increase the competitiveness of Uzbke goods in the European market,…
Bangladesh and Uzbekistan have agreed to form Joint Working Group (JWG) to boost bilateral trade and investment through removing different barriers. Commerce Minister Tipu Munshi gave the information on Tuesday at a view exchange meeting with Uzbekistan’s Deputy Prime Minister and Investment and Foreign Trade Minister Sardor Umurzakov through a videoconference from the secretariat in…
The president of Uzbekistan, Shavkat Mirziyoyev, addressed the newly formed parliament on Friday (24 January), laying out his plans for the next five years. The banking sector, fighting corruption, foreign direct investment, poverty reduction and international trade were at the top of the agenda. Mirziyoyev took charge of Central Asia’s most populous country in 2016…
Uzbekistan is making strong progress implementing challenging economic reforms to support growth and build opportunities for citizens, says Cyril Muller, World Bank Vice-President for Europe and Central Asia. Visiting Uzbekistan on 26-27 February, Mr. Muller reaffirmed the World Bank’s continued support for the country’s transformation agenda. Mr. Muller met with Shavkat Mirziyoyev, President of Uzbekistan,…
On March 1, 2019 at 18:30, at the GroundZero Technoplasma, was held a workshop on textile industry with the participation of well-known Bangladeshi expert. The seminar was conducted by the CEO of Best Sourcing, President of Bangladesh RMG Center Mr. Mehdi Mahbub. During this seminar, the participants are discuss the development of textile and clothing…