Sunday, 12, July, 2020

Economy

The President signed the Measures to Expand Production of Potatoes and Further Development of Potato Seed Production in the Republic Decree.

Central Asian gas producers Turkmenistan, Kazakhstan and Uzbekistan are discussing a shared cut in gas supplies to China, as a result of the coronavirus pandemic's impact on demand, Uzbekneftegaz CEO Mekhriddin Abdullaev told S&P Global Platts Tuesday.

The government approved the Concept for Providing Uzbekistan with Electricity for 2020–2030, the Ministry of Energy said. The document was developed with the participation of international experts.

The countries of the Turkic Council are planning to step up the Trans-Caspian transport corridor during the coronavirus pandemic, the Foreign Ministry said in a statement.

Uzbekistan Railways has launched the regular movement of a high-speed freight train to the Hairaton station in Afghanistan, the company said. Part of the train is reportedly formed in Tashkent, and along the way it is supplemented by freight cars sent from provinces.

On April 24, Deputy PM/Minister of Investment and Foreign Trade Sardor Umurzakov, in a videoconference meeting with the Russian Deputy PM A. Overchuk and discussed the state and prospects of Uzbek-Russian cooperation in the trade, investment, industrial cooperation and logistics fields.

On 27 April 2020, the Uzbek Deputy PM/Minister of Investment and Foreign Trade Sardor Umurzakov held a video conference with the Italian Minister of Foreign Affairs and International Cooperation Luigi Di Maio and discussed a wide range of investment, trade, economic, financial and technical cooperation between the two countries, the Uzbek ministry said.

In January-March, Uzbekistan exported over $1 billion worth of gold, a 1.7% increase to the last year, the State Statistics Committee said. While, the gold’s share in exports standing at 29.8%.

On April 21, the Uzbek Minister of Investments and Foreign Trade, Sardor Umurzakov held a teleconference with the Minister of Railways and Commerce of India, Piyush Goyal.

The construction of a new hydroelectric power station in the Sardoba reservoir has commenced in Uzbekistan. The 21.3 million-euro project is scheduled for 2020-2022 and will be financed through the direct loans from RosEximBank (Russia).