Friday, 26, April, 2024

Economy

Uzbekistan's international trade topped US$ 36.3 billion in 2020, with a trade deficit at US$ 6.04 billion (in 2019, US$ 41.8 billion and US$ 6.8 billion, respectively), the Central Bank's said in its monetary policies review.

The Minister of Agriculture Jamshid Khodjaev hosted the Secretary General of the Cooperation Council of Turkic-Speaking States (CCTS) Baghdad Amreev, the mInistry said in a statement.

On February 12, the Minister of Industry and Infrastructure Development of Kazakhstan Beibut Atamkulov met with the Uzbek Ambassador Saidikrom Niyazhojaev.

The President signed the Measures to Further Expedite Privatization of State-Owned Assets Decree. According to the Decree, when organizing the processes of putting up for public auction and selling the state-owned assets:

At the Wednesday government meeting, Shavkat Mirziyoyev instructed the Deputy PM/Minister of Economic Development and Poverty Reduction Jamshid Kuchkarov and Director of the State-Owned Assets Management Agency (SAMA) Akmalkhon Ortikov to expedite the privatization of companies where the state owns stakes.

In 2020, the total amount of tax revenues topped 103.6 trillion soums, or US$ 10 billion, with 67.7 trillion soums, or 63.3% paid by large taxpayers.

The chief of the Pension Fund, Abdulaziz Khaydarov, at a press conference held on January 29, briefed about the planned changes in the pension system.

The Cabinet of Ministers issued Measures to Support Local Producers Resolution. Norma reports that the document has approved:

Tomorrow, on February 2, Tashkent will host the high-level Uzbek-Afghan-Pakistani talks with the participation of heads of key international financial institutions over the implementation of the Mazar-i-Sharif-Kabul-Peshawar railway project.

A regular meeting of the Eurasian Intergovernmental Council (EIGC) will take place in Almaty on February 5, the Kazakh Foreign Ministry said.

Uzbek electricity standards are being revised to match with the international standrds. The French company Assystem Engineering and Operation Services SAS was hired for their analysis, the Ministry of Energy said.

Next month, the governments of Uzbekistan and the United Kingdom will convene at the 25th anniversary meeting of the Uzbek-British Trade and Industry Council (UBTIC), an influential body that brings together government and commercial leaders.

Uzbekistan imports USUS$ 50.4 million worth of gas in January-December 2020, which is 237.1 times more than in 2019. This is stated in the report of the State Statistics Committee on foreign trade turnover.

The construction of a small 40 kW PV plant has started in Yukorichirchik district of Tashkent province, the Ministry of Energy said.

A number of companies are showing interest in investing in Uzbekistan’s machine-building industry and launching production of cars, stated the President Shavkat Mirziyoyev on January 13 at a meeting on the transformation of the machine-building industry and development of competition in this industry.

On January 13, the President Shavkat Mirziyoyev chaired a meeting on the transformation of the machine-building industry and development of competition in this industry, the presidential press service said.

Production of military and special equipment is to be launched on ​​12 hectares in the city of Nurafshan, Tashkent province. The project was presented to the President Shavkat Mirziyoyev on January 11.

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.