Sunday, 13, April, 2025

Economy

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.

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.