Saturday, 20, April, 2024

Economy

Uzbekistan, Pakistan and Afghanistan jointly launched the Termez-Peshawar railway project, Dunyo news agency reported with reference to the Minister of State for Foreign Affairs, Pakistan's Special Representative for Afghanistan, Muhammad Sadiq Khan.

The China-Kyrgyzstan-Uzbekistan railway project was included in the list of priority integration infrastructure projects. This became known during the regular meeting of the Council of the Eurasian Economic Commission.

Uzbekistan leads among the CIS countries in terms of the number of new hydroelectric power plants launched over the past 5 years, Uzbekhydroenergo said.

Uzbekistan plans to double uranium production in 2022-2030, up to 7,100 tons, which was stipulated in the July 14 decree of the President Shavkat Mirziyoyev.

Today, Tashkent hosted, under the chairmanship of Uzbekistan, the VIII meeting of the Council on Industrial Policy of the CIS member states and the meeting of industry ministers of the SCO member states.

A new Karakol free economic zone (SEZ) will be built in Bukhara province. The MTO (methanol to olefin) technology gas-chemical complex (GCC) will be built in the free economic zone.

In the first five months of 2022, the two-way trade between Uzbekistan and the EU countries increased by 22%, while exports from Uzbekistan to the EU increasing by 86%.

In 2021 Kazakhstan produced the largest share of uranium from mines (45% of world supply), followed by Namibia (12%) and Canada (10%).

5 new thermal power plants (TPPs) with a total capacity of 1154 MW and 1 100 MW PV plant were commissioned in Uzbekistan in 5 months of this year.

In the first four months of this year, food imports to Uzbekistan increased by 48.9%, the State Committee on Statistics said in a report.

The U.S. Agency for International Development (USAID) and the European Bank for Reconstruction and Development (EBRD) have embarked on joint work to increase cooperation in renewable energy, energy efficiency, energy storage, and other areas to support accelerated decarbonization of the electricity sectors in Central Asian countries.

662,000 tons of cement were imported to Uzbekistan in 4 months, the State Statistics Committee said in a report on Thursday.

Uzbekistan plans to halve the poverty rate by 2026, said the Deputy PM/Minister of Economic Development and Poverty Reduction, Jamshid Kuchkarov at the international forum on poverty reduction, held in Bukhara on May 26, told how this is planned to be done, the Gazeta.uz correspondent reports.

In 2019, a presidential decree outlined 17 international ratings, in which the country's position should be improved. Research institutes have been assigned for each of these ratings. By the May 18 presidential decree, the scientific potential of these institutions and practical activities to improve positions in the ratings should be harmonized.

The investment company UzAssets under the State Assets Management Agency (SAMA) announced the sale of the 100% stake in the Fergana Oil Refinery (FOR) to Sanoat Energetika Guruhi (former Jizzakh Petroleum) for $100 million, the SAMA said in a press release.

Meeting with executives of EDF (France), Nebras Power (Qatar), Sojitz and Kyuden International Corporation (Japan) was held at the National Electric Networks of Uzbekistan. During the meeting, the parties exchanged views on the progress of the investment project "Construction of a combined-cycle thermal power plant with a capacity of 1600 MW in the Syrdarya province", the steps and necessary measures for the timely and high-quality completion of the project. The parties also discussed working issues related to the investment project.

In January-April 2022, Uzbekistan's international trade topped US$ 17.2 billion, the State Statistics Committee said in a report on Friday.

The World Bank released its new Systematic Country Diagnostic analyzing key challenges and opportunities for Uzbekistan’s development. It contains policy recommendations for removing barriers to private sector growth, reducing the state’s role in the economy, focusing on people and their human capital, and transitioning to a green economy. The report is the foundation for selecting priority areas for the World Bank Group’s cooperation with the government of Uzbekistan in 2022-2026.

The Ministry of Energy and Water (MoEW) said that Afghanistan owes more than $100 million for electricity imported from Uzbekistan and Tajikistan.

Uzbekistan joins the international fight against tax evasion by becoming the 164th member of the Global Forum on Transparency and Exchange of Information for Tax Purposes. Like all Global Forum members, Uzbekistan will participate on an equal footing and commits to combatting tax evasion through the implementation of the internationally agreed standards of transparency and exchange of information for tax purposes (exchange of information on request and automatic exchange of information).