Sunday, 12, July, 2020

Economy

In January-March, Uzbekistan’s foreign trade in goods reached US$ 8.14 billion, which by US$ 924.1 million (10.2%) lower compared to the same period in 2019, the State Statistics Committee said in a report.

President Shavkat Mirziyoyev, through video conferencing, launched the construction of the Tashkent Pharma Park Innovative Scientific and Production Pharmaceutical Cluster in the Zangiata district of Tashkent province on Friday.

Shavkat Mirziyoyev chaired a video-conference government meeting on Thursday on the chemical, agricultural and automotive industries, the presidential press service said.

The Ministry of Energy has announced a call for bids for a 100 MW wind farm in the Karauzyak district of Karakalpakstan.

On April 8, a videoconference was held with the top executives of 30 major German companies and banks - ThyssenKrupp, Metro, MAN, Takraf, Klaas, Papenburg, Falk Porsche Technik, Knauf, Deutsche Bank, Commerzbank, Landesbank and others.

Retail prices for AI-80 gasoline and diesel fuel (including ECO grade) is to be deregulated starting from May 1. This is provided for by the April 4 Cabinet’s resolution, the Ministry of Justice said.

The first of two combined-cycle plants with a capacity of 280 MW was commissioned at the Takhiatash Thermal Power Plant (TPP) on Friday, the Ministry of Energy said.

Uzbekistan has climbed 26 places in the latest Economic Freedom Index to 114th among 182 countries with freedom score at 57.2 Uzbekistan’s economic freedom score is 57.2, making its economy the 114th freest in the 2020 Index. Its overall score has increased by 3.9 points due to higher scores for investment freedom, financial freedom, and property rights. Uzbekistan is ranked 26th among 42 countries in the Asia–Pacific region, and its overall score is well below the regional and world averages.

The next meeting of the Intergovernmental Commission on Trade and Economic Cooperation between Uzbekistan and Tajikistan, co-chaired by the prime ministers of the two countries, Abdulla Aripov and Kohir Rasulzoda, will be held in the second half of April in Guliston, Tajikistan.

Deep processing of natural gas is much more profitable for Uzbekistan than its exporting, the chairman of Uztransgaz, Ulugbek Sayidov told Gazeta.uz in an interview.