Wednesday, 30, November, 2022

Economy

The Deputy PM Sardor Umurzakov held talks with the President of the Eximbank of Korea Bang Moon-kyu In Seoul on Wednesday.

The Central Bank of Uzbekistan announced the issue of new 50 thousand and 100 thousand soum-banknotes into circulation on December 22. Their themes are dedicated to the Silk Road and the ancient history of Surkhandarya and Khorezm.

On December 10, President Shavkat Mirziyoyev signed Additional measures for further development of hydropower Decree. According to the Decree, by 2030, the country's total hydroelectric power capacity is planned to be raised from the current 2,051.9 MW to 3416 MW (+ 66.5%) by gradually expediting the creation of new and phased modernization of existing production facilities.

The Deputy PM/Minister of Investments and Foreign Trade S. Umurzakov held online negotiations with the Indian Minister of Trade and Industry Piyush Goyal.

Tashkent hosted the trilateral (Uzbekistan, Afghanistan, Pakistan) and multilateral (Russia, Kazakhstan, Uzbekistan, Afghanistan, Pakistan) negotiations with the participation of high-ranking officials of ministries and departments in charge of the design and construction of the Termez-Mazar-i-Sharif-Kabul-Peshawar railway.

South Korea and Uzbekistan agreed Friday to expedite efforts to clinch a bilateral free trade agreement and to boost cooperation on stable supply chains of key industrial items, Seoul's finance ministry said.

Deliveries of pipeline gas from Uzbekistan to China in January-October topped 2.57 million tons, TASS reported by with reference to the China’s General Customs Administration (GCA).

Uzbekistan has become the first beneficiary of the UK's GSP Enhanced framework. This was announced during a press conference held in Tashkent with the participation of representatives of the Ministry of Investment and Foreign Trade and the British Embassy in Uzbekistan.

At a government meeting on Monday, the President Shavkat Mirziyoyev spoke about the goals for 2022 to reduce poverty and create jobs, as well as measures to effectively organize the activities of mayors’ assistants, the President’s spokesman Sherzod Asadov said.

The conclusion of the Accounts Chamber of the draft State budget of the Republic of Uzbekistan for 2022 Law and the budget message for the next year was published.

The volume of electricity production at hydropower plants (HPPs) in Uzbekistan decreased by 23% due to low water this year, the Ministry of Energy said.

The President Shavkat Mirziyoyev chaired a government meeting on the privatization of state-owned enterprises in Uzbekistan on November 8, the presidential press service said.

The speed of recovery makes Uzbekistan the fastest growing economy in Central Asia, the European Bank for Reconstruction and Development (EBRD) says in its latest Regional Economic Prospects report, published today.

In January-September 2021, Uzbekistan exported 25,171 vehicles worth US$ 242.5 million, the State Statistics Committee said in a report on Monday.

The 22nd meeting of the intergovernmental commission on economic cooperation between Uzbekistan and Russia took place in Moscow on Wednesday, the press service of the Ministry of Investment and Foreign Trade reported.

In January-September 2021, Uzbekistan's international trade topped to US$ 28.2 billion, an increase by US$ 680.4 million (+ 2.5%) to the same period last year, the State Statistics Committee said in a report. But this is still below the pre-COVID period in 2019 - US$ 31.6 billion.

The Uzbekistan Finance Minister Timur Ishmetov in an interview to Ryan Chilcote, on the sidelines of the Uzbekistan Economic Forum, spoke about Uzbekistan’s privatization program and its goals.

On October 25, the Deputy PM/Minister of Investment and Foreign Trade Sardor Umrzakov and Deputy Prime Minister of the Republic of Korea/Minister of Economy and Finance Hong Nam Ki held online talks, the Uzbek Ministry of Investment and Foreign Trade said.

Uzbekistan exported 1.1 million tons of fruits and vegetables worth USD 624.9 million in January - September 2021, the State Statistics Committee said in a report Monday.

On October 6, the President Shavkat Mirziyoyev signed the Measures to further stimulate exploration and improve taxation procedure for subsoil users Decree.