Wednesday, 22, January, 2025

Economy

All eyes will be on Samarkand city on February 25, 26 and 27 when the city will host the fourth edition of the International Agricultural Exhibition AGROPRO EXPO. The event will take place in the high-end SOF EXPO exhibition center, which will provide a unique platform for agricultural professionals from around the world.

Large state-owned enterprises of Uzbekistan will place Eurobonds in 2025. This became known today at the government meeting on investments chaired by President Shavkat Mirziyoyev.

In 2024, the import of electric and hybrid vehicles to Uzbekistan surpassed the imports of gasoline cars for the first time, the Customs Committee said in a report.

Russia will seek to increase gas supplies to Central Asian countries to 10-15 BCM annually in near future. In particular, the Central Asia-Center gas pipeline capacity upgrade project is underway to increase gas supplies to Kazakhstan and Uzbekistan in reverse mode, which could provide supplies of 10-12 BCM, and in the future - up to 15 BCM per year, the TASS reported.

The Tashkent city deputies council backed the Tashkent city’s 2025 budget during its session on December 26. The 2025 budget revenues are projected at 9.4 trillion soums, with main source being personal income tax on 1.8 trillion soums. Nearly two-thirds of total expenditures: 2.71 trillion soums will be contributed to heating system subsidies, 2.25 trillion soums for medical insurance, and 1.2 trillion soums for public transport subsidies.

According to the World Gold Council (WGC), based on available reported data, central banks bought a net 53 tons in November.

All types of oil products manufactured at the Bukhara Oil Refinery of Uzbekneftegaz, including gasoline, will be sold only through exchange trading under free market terms from January 1, 2025, the company's press service said.

On December 27, President Shavkat Mirziyoyev signed a Decree aimed at bringing export support measures in line with World Trade Organization provisions, the Ministry of Justice said.

Leadership of Uzbekistan Railways held talks with the project manager of Saman Corporation Jin Kang (South Korea) Tuesday. The talks centered on the commencement of work on the preliminary feasibility study for the new Tashkent - Samarkand high-speed passenger railway project, Uzbekistan Railways said in a statement.

Uzbekistan seeks to halve the shadow economy in five years and collect another 20 trillion soums to the budget in 2025.

On December 24, Uzbekistan and Egypt the 7th meeting of the Uzbekistan-Egypt Intergovernmental Commission on trade, economic, and scientific-technical cooperation in Tashkent to enhance trade, economic, and investment ties. The talks were led by the Uzbek Minister of Investment, Industry and Trade, Laziz Kudratov and Egypt’s Minister of Planning, Economic Development and International Cooperation, Rania Al-Mashat.

In January-November 2024, Uzbekistan's international trade reached $59.4 billion, recording a $2.1 billion, or 3.6% to the January-November 2023 period.

Tashkent will host the 7th meeting of the Uzbekistan-Egypt Joint Intergovernmental Commission on December 22-24, the Dunyo said.

In January-November, Uzbekistan imported gas worth a record $1.55 billion, the Agency of Statistics said in its international trade report.

In the January to November 2024 period, Uzbekistan's international trade topped $59.4 billion, a 3.6% increased to the same period last year, the Statistics Agency said.

President Shavkat Mirziyoyev President Shavkat Mirziyoyev chaired a yearly summary government meeting, which also discussed the main plans for 2025 and investment yesterday business via videoconference call, the presidential press service said.

United States Trade Representative Katherine Tai today released a statement on the Biden-Harris Administration’s continued support for Uzbekistan’s accession to the World Trade Organization (WTO).

Council of Heads of Government of the Eurasian Economic Union met on December 13. The PM Abdulla Aripov attended the meeting as an observer state.

The president Shavkat Mirziyoyev attended the launch ceremony of completed and new energy projects on Friday in Tashkent.

The high-level Uzbek delegation in Geneva included the President’s WTO Envoy/Chief Negotiator for WTO accession, Azizbek Urunov, and other senior government officials, including Deputy Minister of Economy and Finance, Ahadbek Khaydarov. High-level officials from a wide range of ministries and agencies joined virtually from Tashkent.