Tuesday, 03, October, 2023


The Ministry of Investment, Industry and Trade and the Chinese conglomerate BYD signed an investment agreement on Tuesday to launch the of electric and hybrid vehicles unit in Uzbekistan, the press service of the ministry said.

In January-August 2023, Russia became the top destination for Uzbekistan's exports on US$ 1.9 billion, the State Statistics Agency said in a report.

Minister of Investments Laziz Qudratov held talks with the Kazakh Minister of Trade and Integration Arman Shaqqaliev on Friday. According to the Ministry of Investments, the parties discussed in detail the progress of implementation of current joint projects and agreements, as well as the possibilities of expanding bilateral trade-economic, transport-logistics and interregional cooperation.

The State Statistics Agency unveiled Uzbekistan’s top trade partners in January-August 2023 (in US dollars) on Wednesday:

Uzbek-US Business Forum took place in Washington on September 15 ahead of the visit of the President Shavkat Mirziyoyev to the United States, the press service of the Ministry of Investment, Industry and Trade said.

Development of a new coal mine has begun in the upper part of te Topolong reservoir in Sariosiyo district of Surkhandarya province.

On September 14, 2023, the Board of the Central Bank decided to keep the interest rate at 14 percent, the Bank said today.

Kitco ranked the world’s top 10 largest gold mining companies by production in H1 2023 based on publicly reported data, in which the Navoi mining and metallurgical plant was placed 5th.

Ministry of Energy posted a draft government resolution on the phased transition to market mechanisms in the energy prices for public input. The resolution unveils plans to liberalize gas and power prices for legal entities from October 1.

The Anti-Corruption and Civil Rights Commission (ACRC, Chairperson Kim Hong-Il) will be signing a Memorandum of Understanding (MOU) on anti-corruption cooperation with the Anti-Corruption Agency of the Republic of Uzbekistan, thereby enhancing anti-corruption cooperation, such as sharing Clean Portal system.

Fertilizer plant project has been commenced in Uzbekistan. The plant will become one of the largest production facilities in the Bukhara province, Dunyo reported.

Talks took place between executives of Chirchiq technopark and Ulyanovsk Automobile Plant (UAZ), at which the parties discussed perspectives for cooperation.

During a press tour in Kashkadarya province on August 25, the chairman of Uzbekneftegaz, Bakhodirjon Sidiqov, called the official data on gas production in Uzbekistan as inaccurate.

Uzbekneftegaz and SOCAR, the state oil and gas company of Azerbaijan, have signed a cooperation agreement, the press service of SOCAR reported.

On August 18, President Shavkat Mirziyoyev signed the Additional measures to improve the mechanism for reforming enterprises and banks with the participation of the state Decree.

Uzbekneftegaz has downgraded its gas production forecast for 2023 from 34.1 to 32.3 billion cubic meters (BCM), said Bekhzod Usmanov, First deputy chairman in charge of transformation.

Uzbek economy grew by 5.6%, which is higher than the same period last year,the Central Bank said in a report on Thursday.

The implications of President Shavkat Mirziyoyev’s re-election for Uzbekistan’s sovereign credit profile will depend on the effects on governance and the continued implementation of Mirziyoyev’s reform agenda, Fitch Ratings says.

Construction of a green hydrogen production complex in Uzbekistan is scheduled to be commenced in August, the Minister of Energy Zhurabek Mirzamakhmudov told in an interview to Uzbekistan 24 channel.

Another car plant could be built in Uzbekistan, namely in Kashkadarya province, the governor’s office said. This became known during the visit of Kashkadarya province governor Murotjon Azimov to China.