Monday, 22, July, 2024

Economy

An International Monetary Fund staff team, led by Mr. Ron van Rooden, met with the authorities of Uzbekistan during November 7–15, 2022 to discuss economic developments and prospects, as well as policy priorities. At the end of the mission, Mr. van Rooden issued the following statement:

Uzbekistan's international trade surpassed US$ 36 billion in January-September 2022, the State Statistics Committee said in a report on Tuesday.

Efforts by one Central Asian nation to to accelerate its transition to greener sources of energy have been praised. Uzbekistan’s moves to also enhance private sector participation was heralded by multinational energy firms.

The Uzbek Ambassador to Japan, Muhsin Abdurakhmanov, met with Tsuyoshi Nishitani, acting chairman of the Japan-Uzbekistan Economic Cooperation Committee, consultant of Itochu Corporation, Dunyo reported.

The process of Uzbekistan's accession to the World Trade Organization will be expedited, announced the Deputy PM Jamshid Khodjaev during the Uzbek-Hungarian business forum.

According to provisional estimates from the State Statistics Committee, in 9 months the Uzbek GDP topped 627.5 trillion soums, or US$ 56.5 billion recording a 5.8% increase compared to the corresponding period in 2021.

Meeting was held at the Uzbek Embassy to Oman with Xu Yukhang, the general manager of Al Mawakab National Trading & Construction LLC (MNT), Dunyo reported. 

Uzbekistan is a country highly impacted by climate change, biodiversity loss and land degradation. The government is taking efforts for rapid transition to a more green, inclusive and climate-friendly economy a central pillar of its latest development plan. Its newly adopted environmental policies include the Concept on Environmental Protection until 2030 and the Strategy for Transition to Green Economy for the period 2019–2030.

President Shavkat Mirziyoyev chaired a governemnt meeting on the development of local industry on November 7, his spokesman Sherzod Asadov said on Monday.

Deputy PM/Minister of Economic Development and Poverty Reduction Jamshid Kuchkarov spoke at the second International Economic Forum in Samarkand on November 3 about what Uzbekistan bankinf environment would be like in five years.

The Tashkent Times took an opportunity to talk about global trends and challenges of finance sustainability as a part of ESG with Dr. Peter Gassmann, Global Strategy& Leader, a key speaker of the panel session “Growth and Transformation from an ESG Perspective. Global Lessons Learned” hosted by PwC at the Uzbekistan Economic Forum, Samarkand, 3 - 4 November, 2022.

Tashkent hosted the meeting of the Uzbek-Russian intergovernmental commission on economic cooperation on Sunday, the Ministry of Investments and Foreign Trade said.

The South Korean giant LG may close a plant in the Moscow region and transfer production to Uzbekistan or Kazakhstan, Kommersant publication said referring to its source.

The Deputy PM/Minister of Investments and Foreign Trade Jamshid Khojaev held talks with the Minister of Economic Development of Hungary Marton Nadzi via conference call.

Preliminary work for the 1200-1500 kW PV photoelectric power plant has begun at Sirdarya thermal power plant. After its commissioning, 3 million kWh of electricity will be produced annually, with 900,000 cubic meters of natural gas to be saved.

Government issues Additional measures to accelerate innovation and investment activities in the regions of the republic Resolution.

The President of General Motors will visit Uzbekistan. During meetings and negotiations in Tashkent, the head of GM intends to discuss the current state of cooperation between GM and Uzbekistan, in particular with UzAuto Motors, as well as further steps to develop the automotive industry in the republic.

Uzbekistan’s international trade surpassed US$ 36 billion for January-September 2022, the State Statistics Committee said in a report.

On October 12, Deputy PM/Minister of Investments and Foreign Trade Jamshid Khodjaev met with the Ambassador of Kyrgyzstan to Tashkent Musa Dzhamanbaev, the MIFT reported.

Meeting was held the mayor’s office of Surkhandarya’s Sherabad district between the leadership of the local branch of the Ministry of Investments and Foreign Trade and representatives of Masdar (UAE), dedicated to studying the progress of the photovoltaic plant (PV) plant project.