Monday, 08, March, 2021

Economy

The assembly of Chinese crossovers Dongfeng and Changan will be launched in Jizzakh city before 2024, as well as minibuses and trucks, the provinceial governor’s office said.

The Deputy Prime Minister/Minister of Investments and Foreign Trade S. Umurzakov held a meeting with Executive Director of the U.S. International Development Finance Corporation (DFC) Adam Boehler, the ministry reported.

According to the State Statistics Committee, as of January 1, 2021, the number of foreign-invested enterprises registered in Uzbekistan topped 12.3 thousand, of which 11.8 thousand are operating.

The operating regimen of Uzbekistan’s thermal power plants and energy system has been fully restored, the Ministry of Energy said in a statement.

Masdar (UAE) has commenced the construction of a photovoltaic plant in Karmana district of Navoi province, the Ministry of Energy said.

Recent developments: The COVID-19 pandemic has generated a major health and economic crisis in the region that has been compounded by social unrest and conflict.

According to the Investment Program for 2021-2023, approved by the Dec. 28 presidential decree, several companies are planning to launch the production of vehicles in Uzbekistan.

Pakistan signed a joint appeal letter Tuesday seeking a $4.8 billion loan from international financial institutions for a Trans-Afghan railway line project with Uzbekistan and Afghanistan. 

The 2020 inflation rate in Uzbekistan’s consumer sector was at 11.1%, the State Statistics Committee said in a report. While in 2019, the figure stood at 15.2%.

The assembly of Lada and Renault cars is planned to be launched in Uzbekistan. The project will be implemented as part of the investment program for 2021-2023.