Thursday, 23, September, 2021

Economy

The Deputy Prime Minister/Minister of Investment and Foreign Trade S. Umurzakov held online talks with Advisor Abdul Razzak Davud to the Prime Minister of Pakistan and discussed the implementation of the agreements reached following the visit of the Prime Minister of Pakistan to Uzbekistan in July this year, the ministry said.

The Central Bank of Uzbekistan announced on Saturday it made a decision to issue new 5,000- and 10,000-soum banknotes from August 26, 2021.

The Top 10 countries with the highest share in Uzbekistan's imports have been announced. According to the Statistics Committee, in January-July 2021, the countries with the highest share in Uzbekistan’s imports are (USD):

The Ministry of Energy has presented a list of renewable energy projects to be launched. According to the ministry, the list includes seven projects with total capacity of 2,797 MW:

53.8 billion cubic meters (BCM) of gas is expected to be produced in Uzbekistan in 2021, follows from the footage of the presentation at a meeting chaired by President Shavkat Mirziyoyev on Monday.

The President Shavkat Mirziyoyev signed a decree stipulating the construction of power plants in Khorezm and Surkhandarya provinces.

Uzbekistan will cut tax rates on gold, uranium, natural gas and oil production for foreign investors, announced the president Mirziyoyev at a ceremony dedicated to the start of the 3rd ore beneficiation plant project at the Almalyk Mining and Metallurgical Kombinat.

On July 29, President   visited the Yoshlik-1 field of the Almalyk Mining and Metallurgical Kombinat (AMMK), the presidential press service said.

The Central Bank last quarter set its forecast for GDP growth at 5.8 percentage points, but has now raised it to 6.8 percent.

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.