Friday, 04, December, 2020

Economy

President Shavkat Mirziyoyev will today attend the opening ceremony of the Tashkent Metallurgical Plant in Tashkent’s newly formed Yangikhayot district, the presidential press service said.

Thermal power plants account for 86% of electricity generated in Uzbekistan, while the demand for electricity in the country to double by 2030, Muhammadjon Bekmuhammedov, the spokesman to Thermal Power Plants JSC said speaking about the measures take to increase production.

Cement production at Kuvasaycement and Akhangarancement has been suspended due to lack of gas, the Antimonopoly Committee said in a statement.

The Ministry of Finance proposed to introduce an excise tax of 20% on the imported sugar as of January 1, 2021 in the amendments to the tax policies for 2021" (PDF).

On November 25, President Shavkat Mirziyoyev chaired a meeting to discuss promising projects in the petrochemical industry, the presidential press service said.

VEB.RF, in a consortium with Russian partner banks, is ready to work out the financing of the phase II of the program to increase hydrocarbon production being implemented in Uzbekistan. The total volume of loans planned to be received is US$ 650 million, the corporation said.

The Accounts Chamber published the 2021 State Budget of Uzbekistan Bill and its own conclusion. It was noted that the documents for making the conclusion were submitted to the Chamber on a later than the scheduled deadline (on October 28, not on September 20).

238,868 passenger cars were produced in Uzbekistan in January-October 2020, which is by 19 956 more compared to the last year, the State Statistics Committee in a report.

The ceremony of launching the eTIR pilot project between Uzbekistan and Kazakhstan within the framework of the Turkic Council took place in Uzbekistan on 17 November 2020 with the partnership of Customs Authorities of both countries and the International Road Transport Union (IRU).

In 9 months of 2020, Uzbekistan’s GDP grew by 0.4% to the last year (5.9% in the first 9 months of 2019), the State Statistics Committee said.