Monday, 15, April, 2024

Economy

On December 29, Minister of Investment and Foreign Trade of Uzbekistan Jamshid Khodjaev and Minister of Trade and Integration of Kazakhstan Serik Zhumangarin signed the road map for the implementation of investment agreements and trade contracts signed during the visit of the President of Kazakhstan to Uzbekistan.

According to the State Statistics Committee, as of December 1, the number of newly set up foreign-invested enterprises in Uzbekistan topped 2,577 in 2022.

On December 24, the President of Uzbekistan signed the Additional measures for the effective use of the tourism and transport potential of the Samarkand province, the development of the province based on the concept of" Samarkand - the tourist gate of New Uzbekistan Decree.

On December 25, the National Assembly of the Republic of Korea decided to provide 15 billion won (about $12 million) in a grant to Almalyk Mining and Metallurgical Combinat, the plant's press service reported.

Uzbekistan's international trade reached US$ 50 billion in January-November 2022, the Statistics Committee said in report. Reportedly, this is an increase of about US$ 6.8 billion, or 18 percent, compared to the same period last year.

Russia again surpassed China in terms of international trade due to the growth of Uzbek imports. The two-way trade between Uzbekistan and Russia reached $8.33 billion in eleven months, making Russia the main trading partner ousting China,  the State Statistics Committee said in a report.

Deputy PM/Minister of Economic Development and Poverty Reduction Jamshid Kuchkarov elaborated on how much gold had been produced in Uzbekistan over the past five years.

Regular meeting of the Legislative Chamber on Monday, where, the MPs considered the State Budget of the Republic of Uzbekistan for 2023 Bill, which was accompanied by remarks by Minister of Finance T. Ishmetov.

On December 15, President Shavkat Mirziyoyev chaired a conference call government meeting on improving energy supply in provinces and creating jobs.

At a regular meeting of the board of the Central Bank, the BOD members decided to keep the interest rate at 15% per annum, the press service of the Central Bank reported.

Badriddin Obidov, Deputy Minister of Investments and Foreign Trade/Chair of the Negotiation Group on accession to the World Trade Organization (WTO) landed in Geneva to attend the Trade Strategies Forum organized by the UNCTAD/WTO World Trade Center (WTC) and to hold a series of negotiations with WTO member-states for Uzbekistan's membership in the organization.

Uzbekistan is currently using electricity that Kyrgyzstan purchased from Turkmenistan but has promised to return it later, announced at a press conference the Chairman of the Turkmen National Energy Holding Talaibek Baigaziev.

Uzbek government delegation visited South Korea in order to further expand hiring Uzbeks for South Korea jobs, Dunyo reported.

GDP growth per capita this year slowed down by 1.7% to the same period last year. According to the State Statistics Committee, per capita GDP grew by 3.6% in January-September 2022.

The volume of gas production in Uzbekistan has decreased which facts is prompted by the decrease of natural gas reserves and the accidents in fields, the Ministry of Energy said.

In January-October, Uzbekistan exported 4.07 BCM gas worth $841 million, the State Statistics Committee said on Monday.

UZDIF proposed joint project financing in the process of privatization of major state-owned companies. At the 26th session of the Uzbek-British Trade and Industry Council (UBTIC), held yesterday in the capital, the chief of the Uzbekistan Direct Investment Fund (UzDIF), Atabek Nazirov, made a keynote speech.

Cabinet of Ministers posted a draft Amendments and addenda to some decisions of the Government Resolution for public input.

A decline in remittances from Russia and rising cost of living could push an additional one million people into poverty in the region.

Uzbekistan ranked 69th in the UN's Electronic Government Development Index, climbing 18 places to the last year, announced the Deputy Minister of Development of Information Technologies and Communications Jamshid Egamberdiev at a forum dedicated to cooperation between Uzbekistan and Korea Republic in the field of e-government and digital economy at INHA University in Tashkent.