Sunday, 19, May, 2024

Economy

The war on Ukraine will have a severe effect on economies far beyond the immediate area of the conflict, according to new research from the European Bank for Reconstruction and Development (EBRD).

President Shavkat Mirziyoyev, at the government meeting on March 31, set the task of integrating domestic enterprises into the production chains of foreign companies.

Uzbekistan plans to attract $14 billion in investments under public-private partnership terms by 2026, announced Deputy Minister of Investments and Foreign Trade Shukhrat Vafaev at the Tashkent International Investment Forum on March 25.

On March 25, the government of Uzbekistan, with the support of IFC, entered into a public-private partnership agreement for the construction of a new thermal power plant (TPP) in the Syrdarya province, Gazeta.uz was told in the press service of the International Finance Corporation (IFC).

$7.8 billion worth of contracts and investment agreements were signed the First Tashkent International Investment Forum, the Ministry of Investments and Foreign Trade said.

Earlier, a story surfaced on some media outlets that an official of the Uzbek Minostry of Invetsment had offered Russian businesses to share access to the EU GSP + system of preferences for duty-free delivery of goods to the EU.

Today, President Shavkat Mirziyoyev received the Russian Minister of Economic Development Maxim Reshetnikov, who is in charge of the Russian delegation at the Tashkent International Investment Forum.

Uzbekistan’s international trade in January-February increased by 84.9% - up to 8.73 billion dollars, the State Committee on Statistics said in a report.

The first international investment forum is being held in Tashkent. The President Shavkat Mirziyoyev outlined important measures to improve the process of attracting investment.

The President instructed the Ministry of Economic Development and Poverty Reduction to develop additional measures to support businesses, announced the Deputy PM/Minister of Economic Development Jamshid Kuchkarov.

On March 23, 2022, the European-Uzbek Association for Economic Cooperation (EUROUZ), with the assistance and in partnership with the delegation of the European Union in Uzbekistan, held an evening “Evening of European Business”, which brought together more than 130 heads of Uzbek and European companies planning to participate in the First Tashkent Investment Forum, which will be held in the capital on March 24-26.

President Shavkat Mirziyoyev made opening remarks at the first Tashkent International Investment Forum, which started on March 24.

The stone laying ceremony for the Chirchik chemical-industrial technopark took place today in the Tashkent province, which was attended by the Prime Minister Abdulla Aripov and the visiting President of Tatarstan Rustam Minnikhanov, the press service of the President of Tatarstan said. The technopark is being created in cooperation with the Kazan’s Khimgrad Technopolis.

Tomorrow, on March 24, the President Shavkat Mirziyoyev will attend the Tashkent International Investment Forum and deliver an opening speech at the plenary session.

In January-February 2022, the Uzbekistan’s international trade topped US$ 8.7 billion, the State Statistics Committee said in a report.

On March 16, the president visited the State Tax Committee, where he held a government meeting on reforming tax administration and the widespread introduction of information technology in the sphere.

President Shavkat Mirziyoyev at a government meeting on March 11 spoke about the expansion of industrial cooperation and localization.

174 MW gas piston thermal power plant, built by the Turkish company Odash Enerji in Yangiaryk district of Khorezm province, began supplying electricity to the Uzbek power grid on March 10, the press service of the Ministry of Energy said.

As of January 1, 2022, the Uzbekistan unemployment rate topped 9.6%, recording a 0.9% decrease to the same period last year, and increased by 0.2% compared to January-September 2021.

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.