Sunday, 22, December, 2024

Economy

Tashkent will host the 7th meeting of the Uzbekistan-Egypt Joint Intergovernmental Commission on December 22-24.

In January-November, Uzbekistan imported gas worth a record $1.55 billion, the Agency of Statistics said in its international trade report.

In the January to November 2024 period, Uzbekistan's international trade topped $59.4 billion, a 3.6% increased to the same period last year, the Statistics Agency said.

President Shavkat Mirziyoyev President Shavkat Mirziyoyev chaired a yearly summary government meeting, which also discussed the main plans for 2025 and investment yesterday business via videoconference call, the presidential press service said.

United States Trade Representative Katherine Tai today released a statement on the Biden-Harris Administration’s continued support for Uzbekistan’s accession to the World Trade Organization (WTO).

Council of Heads of Government of the Eurasian Economic Union met on December 13. The PM Abdulla Aripov attended the meeting as an observer state.

The president Shavkat Mirziyoyev attended the launch ceremony of completed and new energy projects on Friday in Tashkent.

The high-level Uzbek delegation in Geneva included the President’s WTO Envoy/Chief Negotiator for WTO accession, Azizbek Urunov, and other senior government officials, including Deputy Minister of Economy and Finance, Ahadbek Khaydarov. High-level officials from a wide range of ministries and agencies joined virtually from Tashkent.

Turkmenistan will increase gas supplies to Uzbekistan. This became known from a telephone conversation between President Shavkat Mirziyoyev and Chairman of the Halk Maslakhaty of Turkmenistan Gurbanguly Berdimuhamedov, the Turkmen Golden Age state news agency said.

CEO of Uzavtosanoat Ulugbek Rozukulov unveiled plans for the development of the automotive industry in an interview to the Uzbekistan 24 after a meeting with the president on Thursday.

MPs passed amendments to the 2024 State Budget Law, raising the ceiling on external loans in three readings at the session on Tuesday. The document was sent to the Senate for approval.

From January to October, the volume of money remittances to Uzbekistan topped $12.6 billion, which is 34% higher than the same period last year, the Central Bank's said in a review.

Russia will increase gas supplies to Uzbekistan via Kazakhstan, said the Russian president Putin during Kazakhstan-Russia talks in Astana on Wednesday.

The Strategic Reforms Agency studied the night-time economies of the UK, Thailand, the USA, the UAE and Australia in and the prospects for further development of night-time economy in Uzbekistan.

At the November 26 session of the Legislative Chamber, the State Budget Bill for 2024 was in principle adopted in the first reading. Deputy Prime Minister Jamshid Kuchkarov delivered a speech at the meeting, in which he also touched upon the importance of membership in the World Trade Organization.

The Ministry of Economy and Finance has published a draft Citizens Budget for the next year. In 2025, almost a quarter of the state budget revenues are projected to be collected from AMMC (Almalyk Mining and Metallurgy Plant) and NKMK (Navoi Mining and Metallurgy Plant).

Negotiations on the China-Kyrgyzstan-Uzbekistan Railway project are nearly finalized. This strategic project will significantly enhance trade and infrastructure across three nations. This was reported by the railway transport news portal Railway Supply.

Uzbek embassy in Slovakia (stationed in Vienna, Austria) held a presentation dedicated to Uzbekistan’s investment potential in the city of Turčianske Teplice.

The World Bank, in collaboration with the Astana Financial Services Authority (AFSA), is hosting a regional conference on Disaster Risk Financing and Insurance (DRFI) in Central Asia to discuss solutions the region can adopt to be financially prepared for the mounting disaster risks.

The State Assets Management Agency announced the privatization of a stake in UztemirYulKonteyner. Cotton Logistics became the winner in bids for a 35% stake of UztemirYulKonteyner, which is part of Uzbekistan Railways, which offered 200 billion soums. Reportedly the bidder's offer was above the estimated value of the enterprise.