In January-July 2022, Uzbekistan's international trade topped US$ 28.1 billion, recording an increase of US$ 6.3 billion compared to the same period last year, the State Statistics Committee said in a report.
The level of diversification of Uzbekistan’s industrial exports was assessed by experts from the Institute for Forecasting and Macroeconomic Research.
In the first half of 2022, Tajikistan exported more than 6.6 thousand tons of cotton to Uzbekistan worth over US$17.3 million. According to Asia-Plus, citing the Customs Service of Tajikistan, this is almost 3.3 times higher than in the same period in 2021 ($5.3 million).
Uzbekistan and Azerbaijan are to set up a $500 million investment fund for joint projects. This was discussed on August 1 at a meeting of the joint intergovernmental commission.
Uzbekistan and India held talks on enhancing cooperation in the agricultural sector. The meeting took place in New Delhi on July 28 as part of a visit by a government delegation led by Deputy Prime Minister/Minister of Investment and Foreign Trade Jamshid Khodjaev, the MIFT press service reported.
A new power plant is being built in the Syrdarya province. The project is being implemented by the Saudi ACWA Power through 100% direct investment. The plant will generate 12 billion kWh of electricity per year.
The Central Bank has revised its GDP projection for the current year. Based on the available reserves in the economy and the dynamics of aggregate demand, real GDP growth in 2022 is expected to be at 5-5.5% per annum, while in April the forecast was 3.5-4.5% growth.
The Uzbekistan unemployment rate topped 9.2% in Q1, the spokesman to the Ministry of Employment and Labor Relations Mavzhuda Mirzayeva said.
Uzbekistan doubled its revenues from gas exports to China in six months, up to US$ 404 million, TASS reported with reference to the central customs authority of China.
12 foreign companies sent applications for the call for bids for a 200 MW wind power station in Karakalpakstan. Dunyo reported that until July 17, the Ministry of Energy received 12 bids from foreign companies for the two-stage tender announced on April 1 for the selection of qualified investors for a wind power plant project in Karakalpakstan.
Uzbekistan, Pakistan and Afghanistan jointly launched the Termez-Peshawar railway project, Dunyo news agency reported with reference to the Minister of State for Foreign Affairs, Pakistan's Special Representative for Afghanistan, Muhammad Sadiq Khan.
The China-Kyrgyzstan-Uzbekistan railway project was included in the list of priority integration infrastructure projects. This became known during the regular meeting of the Council of the Eurasian Economic Commission.
Uzbekistan leads among the CIS countries in terms of the number of new hydroelectric power plants launched over the past 5 years, Uzbekhydroenergo said.
Uzbekistan plans to double uranium production in 2022-2030, up to 7,100 tons, which was stipulated in the July 14 decree of the President Shavkat Mirziyoyev.
Today, Tashkent hosted, under the chairmanship of Uzbekistan, the VIII meeting of the Council on Industrial Policy of the CIS member states and the meeting of industry ministers of the SCO member states.