Saturday, 13, July, 2024

Economy

Uzbekistan and Azerbaijan are to set up a $500 million investment fund for joint projects. This was discussed on August 1 at a meeting of the joint intergovernmental commission.

State Statistics Committee reported on countries with highest share of food items’ exports to Uzbekistan. Reportedly, the top country in terms of food exports to Uzbekistan in January-June 2022 was Kazakhstan on 37.9 percent.

Uzbekistan GDP reached 389.63 trillion soums ($35.27 billion) in January-June, according to provisional data from the State Statistics Committee, with real growth at 5.4% to the same period in 2021.

Uzbekistan and India held talks on enhancing cooperation in the agricultural sector. The meeting took place in New Delhi on July 28 as part of a visit by a government delegation led by Deputy Prime Minister/Minister of Investment and Foreign Trade Jamshid Khodjaev, the MIFT press service reported.

A new power plant is being built in the Syrdarya province. The project is being implemented by the Saudi ACWA Power through 100% direct investment. The plant will generate 12 billion kWh of electricity per year.

The Central Bank has revised its GDP projection for the current year. Based on the available reserves in the economy and the dynamics of aggregate demand, real GDP growth in 2022 is expected to be at 5-5.5% per annum, while in April the forecast was 3.5-4.5% growth.

The Uzbekistan unemployment rate topped 9.2% in Q1, the spokesman to the Ministry of Employment and Labor Relations Mavzhuda Mirzayeva said.

Uzbekistan's foreign reserves increased by $157.5 million In June, while the gold reserves - by $39.8 million, the Central Bank said in a report.

Uzbekistan doubled its revenues from gas exports to China in six months, up to US$ 404 million, TASS reported with reference to the central customs authority of China.

12 foreign companies sent applications for the call for bids for a 200 MW wind power station in Karakalpakstan. Dunyo reported that until July 17, the Ministry of Energy received 12 bids from foreign companies for the two-stage tender announced on April 1 for the selection of qualified investors for a wind power plant project in Karakalpakstan.

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.