Sunday, 12, July, 2020

Economy

Uzbekneftegaz and LUKOIL signed a new Memorandum of Understanding in Tashkent. The intention of cooperation in the field of joint exploration and production OF oil and gas in Uzbekistan is secured by the signatures of the Chairman of the Board of Uzbekneftegaz M. Abdullaev and the Director General of LUKOIL Uzbekistan Operating Company S. Gurzhiy (on behalf of LUKOIL).

President Shavkat Mirziyoyev held a meeting on May 28 to discuss priorities in ensuring a competitive environment in the economy and protecting consumer rights, the presidential press service said.

The Uzbekistan Ministry of Electricity has commenced drafting Uzbekistan’s low-carbon electricty strategy. The document will reflect the transition to the production of electricity with low greenhouse gas emissions.

President Shavkat Mirziyoyev instructed to push the privatization of about 1,400 state-owned assets, the presidential press service said in a statement. The privatization program is to be approved by the Cabinet of Ministers.

President Shavkat Mirziyoyev chaired a video conference meeting, where he, in particular, spoke about the reasons why major investors are not willing to invest in Uzbekistan.

The unemployment rate in Uzbekistan in Q1 topped 9.4%, the Liberal Democratic Party said in the Legislative Chamber of the Oliy Majlis Tuesday.

President Shavkat Mirziyoyev signed the Next Measures to Support Households and Business during Coronavirus Pandemic Decree.

President signed the Measures to implement the “Construction of a 100 MW capacity photovoltaic power plant in Samarkand province project” Decree.

Uzbekistan’s economy will slow sharply this year because of the impact of the coronavirus, but will avoid a recession, according to the latest forecast by the European Bank for Reconstruction and Development (EBRD) published today.

The world's largest company by market capitalization ever - Apple Distribution International Limited has registered in Uzbekistan as a VAT payer and paid US$ 59.2 thousand in tax to the Uzbek state budget in Q1, the State Tax Committee said.