Monday, 27, September, 2021

Economy

The State Assets Management Agency (SAMA) presented a list of the most profitable and loss-making companies in which the state owns a stake in 2020.

It is planned to resume regular direct flights between Uzbekistan and Saudi Arabia. This was discussed during the visit of the Uzbek government delegation to Saudi Arabia.

A wind farm project implementation agreement was signed on May 3 between the Ministry of Energy of Uzbekistan, the Ministry of Investment and Foreign Trade and the Saudi energy company ACWA Power, the Ministry of Energy said in a statement.

Uzbekistan’s economic growth is expected to rebound this year and in 2022 as industry, services, and investments recover following the coronavirus disease (COVID-19) pandemic, but the risks remain of a protracted pandemic and uncertainty abroad, according to a new Asian Development Bank (ADB) report.

The new railway will be built between Samarkand province and Penjikent. Talks were held between officials of the ministries of transport of Uzbekistan and Tajikistan in Dushanbe. The parties discussed the development of cooperation in the transport sector, in particular, of the Penjikent (Tajikistan) - Bulungur/Jambay (Uzbekistan) railway project, Sputnik reported.

The Senate at the 14th plenary meeting on April 24 approved the amendments to the Tax Code which lifting VAT for a number of food items.

Uzbekistan's central bank will resume gold sales when it feels the price of the metal is peaking, the deputy chairman Behzod Khamraev told Reuters.

Around the clock shopping high streets and centers will be set up in Uzbekistan, the President Mirziyoyev announced at the gov’t meeting on the development of the service sector in provinces.

The Dutch company Stone City Energy will build a thermal power plant in the Surkhandarya province. An electricity purchase agreement from the future thermal power plant was signed on April 19, the Ministry of Energy said.

The Uzbek economy is trying to return to pre-pandemic figures. This was reflected in 14%GDP growth compared to the Q1 of the last year.