Monday, 25, November, 2024

Economy

President Shavkat Mirziyoyev signed a decree on April 19 approving the list of state-owned blocks of shares that will be put up for auction on the international market with the help of consultants.

President Shavkat Mirziyoyev signed a Decree on April 30 raising the minimum amounts of pensions and benefits from May 1, the press service of the Pension Fund said.

Almalyk Mining and Metallurgical Plant (AMMC) has shown strong financial performance in Q1 of the year, with its net revenu reaching 1.5 trillion soums, or $118 mln, marking a 4.7% increase compared to the same period last year.

President Shavkat Mirziyoyev in a government meeting to geology, mining, and metallurgy underscored Uzbekistan's commitment to tapping the full potential of its mineral resources. He also highlighted the strategic importance of these sectors in driving economic growth and diversification.

Average salary in Uzbekistan rose by 19.8% to UZS 4.92 mln ($387) in Q1 of 2024, the State Statistics Agency said in a report. Among provinces, Andijan recorded the highest increase at 25.2%, followed by Tashkent at 22.3%, and Ferghana at 21.5%.

On April 19, president Shavkat Mirziyoyev signed the Additional measures to reduce state participation in the economy Decree, the Agency for State Asset Management said.

The State Statistics Agency unveiled the information about the top 10 countries. In January-March 2024, China on US$ 3 billion was on top spot with the highest share in Uzbekistan's international trade.

Over 91 thousand passenger cars (including special vehicles) were manufactured in Uzbekistan in Q1 of 2024, the Statistics Agency said in a report.

Uzbekistan imported $360.2 million worth of gas In January-March, the Statistics Agency said in a report on Tuesday.

The Uzbek Ambassador Oybek Shakhavdinov met with the Hungarian Minister of National Economy Márton Nagy, the Dunyo said.

President Shavkat Mirziyoyev chaired a government meeting to discuss the ways to increase exports and investments in the textile industry.

The World Bank has releasedthe latest Europe and Central Asia Economic Update, assessing the economic situation in over 20 developing economies of Central and Eastern Europe, the Western Balkans, Central Asia, and the South Caucasus, as well as in Türkiye and Russia.

State oil and gas company Uzbekneftegaz imported $189.4 mn worth of goods and services from January to March 2024, recording a 79.8% to the projected value.

Uzbekistan imported 5,058;, worth total of $58.5 mln from 16 different countries in Feb. 2024, the State Statistics Agency said in a report. This figure is a slightly lower to the same period in the previous year.

The BYD car plant for hybrid and electric vehicles in the Jizzakh province is scheduled to open in June this year, the Ministry of Investment, Industry and Trade said.

Uzbekistan car market in 2023 reached 456.3 thousand units. This follows from the presentation at the ADM Jizzakh automobile plant made to the president on Monday.

Navoi Mining and Metallurgical Company (NMMC), Uzbekistan's largest company changed equity ownership in August 2023, the first year-half financial report said.

President Shavkat Mirziyoyev's visit to the Forish district of the Jizzakh province today highlighted the development of the "Basalt Uzbekistan" cluster, mining basalt stone and manufacturing fiber as key drivers of industrial growth, presidential press service said.

The volume of direct investment in Uzbekistan in 2023 declined to the previous two years, the balance of payments published by the Central Bank showed.

In January of this year, the state budget deficit topped 5.7 trillion soums, US$ 450 million or in February it was 7.2 trillion soums, and in March it was 6.8 trillion soums. The state budget for 2024 was approved with a total deficit of 10.3 trillion soums.