Tuesday, 07, April, 2020

Economy

Retail prices for AI-80 gasoline and diesel fuel (including ECO grade) is to be deregulated starting from May 1. This is provided for by the April 4 Cabinet’s resolution, the Ministry of Justice said.

The first of two combined-cycle plants with a capacity of 280 MW was commissioned at the Takhiatash Thermal Power Plant (TPP) on Friday, the Ministry of Energy said.

Uzbekistan has climbed 26 places in the latest Economic Freedom Index to 114th among 182 countries with freedom score at 57.2 Uzbekistan’s economic freedom score is 57.2, making its economy the 114th freest in the 2020 Index. Its overall score has increased by 3.9 points due to higher scores for investment freedom, financial freedom, and property rights. Uzbekistan is ranked 26th among 42 countries in the Asia–Pacific region, and its overall score is well below the regional and world averages.

The next meeting of the Intergovernmental Commission on Trade and Economic Cooperation between Uzbekistan and Tajikistan, co-chaired by the prime ministers of the two countries, Abdulla Aripov and Kohir Rasulzoda, will be held in the second half of April in Guliston, Tajikistan.

Deep processing of natural gas is much more profitable for Uzbekistan than its exporting, the chairman of Uztransgaz, Ulugbek Sayidov told Gazeta.uz in an interview.

Turkish Rönesans Holding will build a copper processing plant and a complex for production of rolled metal in Tashkent province.

President Shavkat Mirziyoyev signed decree abolishing state regulation of prices, as well as the production plan and mandatory sale for cotton starting from the 2020 harvest.

The project - Uzbekistan Peugeot Citroёn Automotive (UzPCA) automobile plant has been officially closed, Uzautosanoat said.

Uzbekistan authorities has signed more than $2 billion worth of strategic agreements with Saudi developer ACWA Power to boost electricity generation and develop technical expertise, the energy ministry said on Thursday.

As reported earlier, the 2020 State Program was approved, which in particular included an item on setting up of transport and logistics joint ventures and dry ports in Uzbekistan, specializing in cargo and air transportation, and attracting the major global transportation companies.