Thursday, 20, January, 2022

Economy

It is planned to ensure the stable operation of Uzbek energy system with the energy systems of neighboring countries. This is stated in the draft roadmap of the development strategy for 2022-2026 to be implemented in 2022.

The Development Bank and its branches in provinces will be set up with an aim to develop industry and infrastructure. This is stipulated in the draft Roadmap of the Development Strategy for 2022-2026 to be implemented 2022.

It is planned to stimulate the production and use of electric cars in Uzbekistan. This goal is contained in the draft Roadmap for the Uzbekistan’s development strategy for 2022-2026 in 2022.

The National Electric Grids of Uzbekistan (NEG) and the National Electricity Company of Afghanistan Da Afghanistan Breshna Sherkat (DABS) launched talks on the resumption of the construction of the Surkhan-Puli-Khumri high-voltage transmission line (TL) to increase the supply of electricity from Uzbekistan to Afghanistan, the press service of NES reported.

The State Statistics Committee issued a statement on to which countries Uzbekistan mainly exported cars in January-November 2021.

Uzbekistan’s overseas warehouse has opened in Gansu province in northwest China, Xinhua news agency reported on Monday.

Uzbekistan’s total external debt as of October 1, 2021 stands at $ 37.6 billion, an increase of 11% over nine months, or by $ 3.7 billion, the Central Bank said in a statement. This is about 58% of the forecasted GDP in 2021 ($ 64.86 billion at an average exchange rate of 10,620.8 soums a dollar).

The annual revenues of Uzbekistan’s copper industry top $ 2.5 billion, Umida Karshibaeva, spokeswoman to the Almalyk Mining and Metallurgical Kombinat (AMMC), announced at a briefing.

On December 25, President Shavkat Mirziyoyev launched the construction of another new plant to increase the production capacity of the Shurtan gas chemical complex by 3 times.

The Turkish Aksa Enerji is implementing a of 240 MW combined cycle power plant construction project and a 230 MW gas piston power plant in Tashkent province under the public-private partnership terms.

President Shavkat Mirziyoyev, during his visit to Almalyk on December 22, chaired a government meeting, where he unveiled development plan for the Almalyk Mining and Metallurgical Combine (AMMC) until 2030.

In January-November 2021, Uzbekistan's international trade topped US$ 37.94 billion, a US$ 4.95 billion increase to the same period last year (or by + 15%), the State Statistics Committee said in a report. This is even more than in the pre-COVID period in 2019 (US$ 37.86 billion).

As reported earlier, Shavkat Mirziyoyev visited the city of Almalyk, where he got acquainted with the work progress at the Yoshlik-1 deposit development project.

On December 17, agreements were signed with ACWA Power for a 100 MW wind power plant (WPP) project in Karakalpakstan, the Ministry of Energy said.

Uzbekistan tops ranking in money remittances from Russia among the CIS countries, the Russian Central Bank said in a report Wednesday.

The Deputy PM Sardor Umurzakov held talks with the President of the Eximbank of Korea Bang Moon-kyu In Seoul on Wednesday.

The Central Bank of Uzbekistan announced the issue of new 50 thousand and 100 thousand soum-banknotes into circulation on December 22. Their themes are dedicated to the Silk Road and the ancient history of Surkhandarya and Khorezm.

On December 10, President Shavkat Mirziyoyev signed Additional measures for further development of hydropower Decree. According to the Decree, by 2030, the country's total hydroelectric power capacity is planned to be raised from the current 2,051.9 MW to 3416 MW (+ 66.5%) by gradually expediting the creation of new and phased modernization of existing production facilities.

The Deputy PM/Minister of Investments and Foreign Trade S. Umurzakov held online negotiations with the Indian Minister of Trade and Industry Piyush Goyal.

Tashkent hosted the trilateral (Uzbekistan, Afghanistan, Pakistan) and multilateral (Russia, Kazakhstan, Uzbekistan, Afghanistan, Pakistan) negotiations with the participation of high-ranking officials of ministries and departments in charge of the design and construction of the Termez-Mazar-i-Sharif-Kabul-Peshawar railway.