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.
In five months of 2021, Kazakhstan bought most of the cars from Uzbekistan. In Q1 of the last year and at the year-end of the, Kazakhstan was the leader in terms of the import of cars from Uzbekistan, the Statistics Committee said in a report.
Enter Engineering and Uralmashzavod (subsidiary of UZTM-KARTEX group which is part of Gazprombank industrial group) in a consortium will build an ore beneficiation plant in Uzbekistan, the press service of the Russian company said.
On June 22, the second meeting of the joint commission at the level of the heads of government of Uzbekistan and Russia was held in Moscow.
The Russian Prime Minister Mikhail Mishustin at the joint commission meeting at the level of the heads of government of the Russian Federation and Uzbekistan said that the full-fledged participation of Uzbekistan in the EAEU would provide opportunities for the growth of the Uzbek economy.
For the first time since September last year Uzbekistan exported gold, the Statistics Committee said. Nearly US$ 1.2 billion worth of gold was exported, with the country’s international trade figure in January-May topping US$ 14.5 billion, which, recording an increase by US$ 1.7 billion compared to the same period in 2020, (or + 13.2%).
Uzbekistan gross gold and foreign exchange reserves of as of June 1 topped US$ 35.5 billion, recording US$ 1.3 billion increase over the month, the Central Bank said in a report. This is the highest figure in Uzbekistan’s entire history of gold and foreign exchange statistics.
The Ministry of Public Education of Uzbekistan and the World Bank jointly organized an International Forum involving dozens of local and international experts in education. The event participants considered the experience of European and Asian states in boosting their economies through investments in education, and critically analyzed reforms in Uzbekistan to develop modern skills and knowledge of the youth that will improve the country’s competitiveness.
The Cabinet of Ministers issued a resolution on June 4 (No. 352) waiving a list of process equipment not produced in the country from customs duties and value added tax (VAT) when imported into the territory of Uzbekistan, the Ministry of Justice said.
The Central Bank of Uzbekistan will issue 2,000- and 20,000-soum banknotes for circulation, the Central Bank said. The resolution of the Senate on issuing new banknotes has already been signed.