Monday, 28, November, 2022

Economy

The official exchange rate of the rouble in Uzbekistan has fallen significantly. The dollar’s exchange rate also fell. The Central Bank has announced the exchange rates of foreign currencies against the soum of March 9.

Russia has allowed starting from March 5 the imports of vegetable products from nine countries, including Uzbekistan, Rosselkhoznadzor stated in a statement.

President Shavkat Mirziyoyev instructed the Cabinet of Ministers to prepare a detailed plan of specific measures to mitigate all possible negative socio-economic consequences "given the current situation in Uzbekistan certain key trade partners", announced today the president’s spokesman Sherzod Asadov.

The State Statistics Committee unveiled Uzbekistan trade partners in January. China was the top country in Uzbekistan's international trade on $ 621 million, with exports at $ 157.1 million and imports at 463.8 million dollars.

In 2021, Uzbekistan's public debt increased by $ 2.9 billion and has reached 38% to GDP, the Ministry of Finance said in a report.

Story surfaced on social networks that in the Navoi Provinceal Children's Multidisciplinary Medical Center, the head of the neurological department forced the mother of a patient to have sexual intercourses with him.

In January 2022, 3,037 cars from 12 countries were imported to Uzbekistan, the State Statistics Committee said in a report on Monday.

The President signed the Additional measures to support housing construction and the building materials industry. As per the Resolution, starting from March 1, 2022, all legal entities will be allowed to export cement, cement clinker and building glass produced in the country through direct contracts without restrictions and quotas.

Uzbekistan international trade topped 3.5 billion US dollars in January 2022, the State Statistics Committee said in a report on Monday.

An Uzbek-Iranian business forum was held in Tehran, which was attended by representatives of government and business circles of the two countries. The delegation of Uzbekistan at the event was headed by Deputy Prime Minister/Minister of Investments and Foreign Trade S. Umurzakov, and the Iranian side - Vice President for Economic Affairs Mohsen Rezaei.

Uzautosanoat signed a memorandum with the largest Chinese EV maker BYD on Wednesday, Azizbek Shukurov, Deputy Chairman of Uzavtosanoat in charge of economics told on his Linkedin account.

First Deputy Minister of Investments and Foreign Trade hosted Pakistani delegation headed by First Deputy Minister of Commerce Muhammad Saleh Farooqi, the MIFT reported.

The U.S.-based Honeywell UOP and Uzbekistan GTL signed a memorandum of cooperation on launching production of alkylbenzenes on Tuesday, the Ministry of Energy reported.

Global official gold reserves increased by 14.2t in December according to data released by the IMF. Healthy purchases from Turkey and Uzbekistan lifted gross purchases during the month. This marked the tenth monthly purchases for 2021.

In 2021, Uzbekistan imported 32.2 thousand tons of tea worth $ 42.8 million from 24 countries, the State Statistics Committee said. Reportedly, tea imports increased by 836 tons compared to 2020.

On February 14, the Deputy PM/Minister of Investments and Foreign Trade S. Umurzakov held talks with the President of the Islamic Development Bank (IDB) Muhammad Suleiman al-Jassir via a conference call.

Last year, Uzbekistan imported $7.5 millionworth of 28 thousand tons of rice from 14 countries, the State Statistics Committee said in report on Wednesday.

The Tashkent International Investment Forum (TIIF) will be held in Tashkent on March 24-26, the Ministry of Investments and Foreign Trade reported. It had been scheduled to take place in March 2020 but was postponed due to the coronavirus situation.

Uzbekistan will develop a network of EV charging stations, the Ministry of Energy said. Program of measures to create and develop a network of charging stations for electric vehicles will be developed By Q4 of 2022.

The President’s New Uzbekistan’s Development Strategy for 2022-2026 Decree approved the 2022State Program. According to the program, the Uzbek energy and natural gas markets will be liberalized with the establishment of guarantees of social protection, the Ministry of Energy reports.