Monday, 28, November, 2022

Economy

The President’s New Uzbekistan’s Development Strategy for 2022-2026 Decree provides for the introduction of market mechanisms with guarantees of social protection in gas supply through expediting transformation of the oil and gas sector, the Ministry of Energy said.

Chirchik Chemical-industrial technopark will be set up in the Tashkent province in cooperation with the Tatarstan’s Khimgrad technopolis. The relevant decree was signed by the President of Uzbekistan on February 3.

The Senate on February 3 at its 23rd plenary session passed amendments to the Tax Code, providing for the extension of VAT waivers for a number of food items.

A draft presidential decree provides for an increase in the share of renewable energy sources (RES) to 25% by 2026, which will save about 3 billion cubic meters of natural gas per year, the Ministry of Energy reported.

Study conducted with international consulting companies found that the share of Uzbek shadow economy ranged from 48 to 62% of the GDP in 2020, announced the chief of the Strategic Development Agency M. Hasanova at a briefing.

On January 28, President Shavkat Mriziyoyev signed the New Uzbekistan’s Development Strategy for 2022-2026 Decree.

In 2021, Tajikistan sold more electricity abroad than in 2020, the Tajik Minister of Energy and Water Resources, Daler Juma told during a press conference.

Uzbekistan and Iran have agreed to develop railway transit, Miad Salihi, the general director of the Iranian Railways said on his Twitter page.

Value added tax (VAT) rate will be reduced from 15% to 12% from 2023. This is stated in the president’s New Uzbekistan’s Development Strategy of for 2022-2026 Decree.

The European Bank for Reconstruction and Development (EBRD) invested almost US$ 690 million (€607 million) in 22 projects in Uzbekistan in 2021, with Central Asia’s most populous state becoming the largest recipient of EBRD funds in the region for the second year running.

Two new coal-fired power units with a capacity of 300 MW each are set to be built at the Angren TPP, and which will be commissioned in 2024-2025, the Ministry of Energy said.

Uzbekistan and Tajikistan have agreed to implement joint projects in all industrial sectors. To this end, the parties plan to establish joint industrial enterprises.

Several large investment projects are to be implemented as per the President’s Approval of Uzbekistan’s investment program for 2022-2026 and the introduction of new approaches and mechanisms for managing investment projects Decree.

Uzbekistan's international trade in 2021 topped $ 42.1 billion, the State Statistics Committee said in a report Tuesday.

Uzbekistan produced a total of 774,000 tons of crude oil in 2021m recording an increase by 2.9% to 2020, the State Statistics Committee said in a report. 

Today at 11:15 a.m., a new 240 MW thermal power plant, built by the Turkish company Aksa Enerji in the Kibray district of the Tashkent province, began supplying electricity to the Uzbekistan power grid, the Ministry of Energy reported.

In January-November 2021, Uzbekistan imported 27.6 thousand tons of meat, the State Statistics Committee said in a report on Tuesday.

The Ministry of Energy announced the launch of the tender stage (Request for qualification (RFQ)) for independent electricity producers (investors-developers) for the 300 MW Guzar photovoltaic station (PVP) construction project.

Last year, Uzbekistan drew $ 8.6 billion in foreign direct investmen, it was announced on 5 January meeting chaired by the Deputy PM Sardor Umrzakov.

The first power unit of the 270 MW gas-fired TPP was commissioned on December 31, 2021. The unit was launched by the Turkish company Aksa Enerji, the Ministry of Energy said in a statement.