Thursday, 24, June, 2021

Economy

The 2021 State Budget Bill was passed at the plenary session of the Senate on Friday. In accordance with the document, the budget revenues are planned to be at 21.3% of GDP, 147.2 trillion soums, US$ 14 billion and expenditures - 24% of GDP, 165.8 trillion soums, US$ 15.6 billion. The budget deficit, thus, is at 2.7% of GDP, or 18.6 trillion soums.

Uzbekistan and Russia are implementing US$ 22 billion worth of energy projects, the Uzbek Energy Ministry said. This figure was announced during the talks of the Energy Minister Alisher Sultanov with his Russian counterpart Nikolai Shulginov held yesterday as part of the working trip to Moscow.

Uzbekistan handed over 51% of the stake in Bekabadcement JSC back to the shareholders, the Ministry of Justice reports.

The Uzbek Minister of Agriculture Jamshid Khodjaev called for avoiding quotas for agricultural products in the CIS markets.

President Shavkat Mirziyoyev signed the Measures to further step up introduction of water-saving technologies in agriculture Decree, the Ministry of Justice reports.

As reported earlier, Fergana city hosted a meeting between the Uzbek Deputy PM/Minister of Investments and Foreign Trade S. Umurzakov with the Kyrgyz Acting Prime Minister A. Novikov.

The leadership of the Federal Treasury Enterprise "Kazan State Treasury Powder Factory" (FTE KZTPF) and representatives of the Uzbekistan Committee for Defense Industry signed a cooperation agreement, the Ministry of Industry and Trade of Tatarstan.

In the next 10 years Uzbekistan authorities have plans to build photovoltaic power plants (PVPS) with a total capacity of 5 thousand MW, the Ministry of Energy said.

On December 4, a meeting was held in Tashkent between the Uzbek Deputy PM/Minister of Investment and Foreign Trade, Sardor Umurzakov with Russian Minister of Industry and Trade, Denis Manturov.

Uzbekistan’s textile and ready-made garment exports to the EU countries will grow to US$ 1.2 billion due to the country becoming the beneficiary of the preferences within GSP+, the UzTekstilSanoat association said.