Friday, 02, December, 2022

Economy

Uzbekistan exported $ 114 million worth of fruits and vegetables in January-February, the State Statistics Committee said in a report on Thursday.

The Ministry of Employment and Labor Relations posted a report on oversight and control over compliance with labor law in the country in 2021, prepared with the assistance of the International Labor Organization (ILO). The first annual report on the implementation of labor standards was released last year.

Kazakhstan is planning to introduce temporary restrictions on the export of grain and flour to protect the domestic market, the Kazakh Minister of Agriculture Yerbol Karashukeev.

A state-owned car manufacturer in UzAuto Motors has reportedly stopped exports to Russia, the country’s biggest trading partner, to comply with sanctions.

The President signed the Additional measures to support participants in international trade Decree on Tuesday. According to the document, from April 1 of this year:

The State Statistics Committee published data on consumer inflation in March. In March, goods and services rose in price by 1.5%. The leaders in terms of price growth in March, as well as in February, were food items, which on average rose by 2.5% per month (a 14.5% increase annually). Non-food products rose by 1.1% (by 8.2% higher annually), services - by 0.4% (by 6.5% higher annually).

Uzbekistan and Kyrgyzstan intend to increase the two-way trade volume up to US$ 2 billion. An agreement on this was reached in Osh at the fourth meeting of the Council of governors of the border provinces of Uzbekistan and plenipotentiaries of the President of Kyrgyzstan on April 1, the Government of Kyrgyzstan said.

The war on Ukraine will have a severe effect on economies far beyond the immediate area of the conflict, according to new research from the European Bank for Reconstruction and Development (EBRD).

President Shavkat Mirziyoyev, at the government meeting on March 31, set the task of integrating domestic enterprises into the production chains of foreign companies.

Uzbekistan plans to attract $14 billion in investments under public-private partnership terms by 2026, announced Deputy Minister of Investments and Foreign Trade Shukhrat Vafaev at the Tashkent International Investment Forum on March 25.

On March 25, the government of Uzbekistan, with the support of IFC, entered into a public-private partnership agreement for the construction of a new thermal power plant (TPP) in the Syrdarya province, Gazeta.uz was told in the press service of the International Finance Corporation (IFC).

$7.8 billion worth of contracts and investment agreements were signed the First Tashkent International Investment Forum, the Ministry of Investments and Foreign Trade said.

Earlier, a story surfaced on some media outlets that an official of the Uzbek Minostry of Invetsment had offered Russian businesses to share access to the EU GSP + system of preferences for duty-free delivery of goods to the EU.

Today, President Shavkat Mirziyoyev received the Russian Minister of Economic Development Maxim Reshetnikov, who is in charge of the Russian delegation at the Tashkent International Investment Forum.

Uzbekistan’s international trade in January-February increased by 84.9% - up to 8.73 billion dollars, the State Committee on Statistics said in a report.

The first international investment forum is being held in Tashkent. The President Shavkat Mirziyoyev outlined important measures to improve the process of attracting investment.

The President instructed the Ministry of Economic Development and Poverty Reduction to develop additional measures to support businesses, announced the Deputy PM/Minister of Economic Development Jamshid Kuchkarov.

On March 23, 2022, the European-Uzbek Association for Economic Cooperation (EUROUZ), with the assistance and in partnership with the delegation of the European Union in Uzbekistan, held an evening “Evening of European Business”, which brought together more than 130 heads of Uzbek and European companies planning to participate in the First Tashkent Investment Forum, which will be held in the capital on March 24-26.

President Shavkat Mirziyoyev made opening remarks at the first Tashkent International Investment Forum, which started on March 24.

The stone laying ceremony for the Chirchik chemical-industrial technopark took place today in the Tashkent province, which was attended by the Prime Minister Abdulla Aripov and the visiting President of Tatarstan Rustam Minnikhanov, the press service of the President of Tatarstan said. The technopark is being created in cooperation with the Kazan’s Khimgrad Technopolis.