Thursday, 20, January, 2022

Economy

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.

On October 6 was successfully completed the three-year modernization of the Syrdarya TPP with the connection of the 9th power unit of the station to the Common power system.

Uzautosanoat and Turkmenistan-Motors companies signed a memorandum of intent to launch the production of automotive, agricultural and trailer equipment in Turkmenistan. The signing ceremony was held on October 4 as part of the Uzbek-Turkmen Forum.

According to the new edition of the World Bank's Economic Report for Europe and Central Asia, the economic growth in Uzbekistan is expected to rebound in 2021 as the country strengthens its pandemic management.

Yesterday, Tashkent hosted the Uzbek-Turkmen economic forum, the Uzbek Ministry of Investment Foreign Trade reported. The Turkmen government delegation was headed by the Deputy Prime Minister E. Orazgeldyev, and the Uzbek delegation was headed by the Deputy Prime Minister/Minister of Investments and Foreign Trade S. Umurzakov.

By 2025, Uzbekistan plans to conduct IPOs at 30 of the country's major companies, said the Minister of Economic Development and Poverty Reduction Jamshid Kuchkarov at the Tashkent Economic Forum.

The government of Uzbekistan has launched preparations for the privatization of the Navoi Mining and Metallurgical Kombinat (NMMC). In 2022, up to 10% of the company's shares could be sold, said the Deputy PM/Minister of Economic Development and Poverty Reduction Jamshid Kuchkarov.

In January-August 2021, Uzbekistan produced 35.2 billion cubic meters (BCM) natural gas, the State Statistics Committee said in a report.

The government of Uzbekistan used fiscal policy as its main tool to prevent a sharp decline in production amid the global economic crisis caused by the coronavirus pandemic, announced the Deputy Finance Minister Akhadbek Khaidarov at a press conference on Monday.

Serial assembly of LADA cars has begun at the ADM Jizzakh at the Jizzakh free economic zone "". The first models produced by the SKD method were LADA Vesta SW and LADA XRAY, with LADA Largus to be added to them soon, Roodell, the official importer of LADA told the Tashkent Times.

The Cabinet of Ministers approved by its September 10 resolution the feasibility study for the project "Construction of a gold ore extraction and processing complex at Pistali deposit (Hydrometallurgical Plant #6), Norma.uz said.

On September 14, the President Shavkat Mirziyoyev signed amendments to the Tax Code lifting car tax for electric vehicles imports.

On September 14, the President signed the Measures to further support residents of special economic zones Decree on Monday.

Tashkent hosted the 16th meeting of the Uzbek-Turkmen Intergovernmental Commission on Trade-Economic, Scientific-Technical and Cultural-Humanitarian Cooperation (IGC).

At the August 30 meeting, the Cabinet of Ministers approved measures for organizing the manual and machine harvesting of raw cotton in 2021, the Samarkand Provinec Department of Agriculture reported.

On August 27, the President Shavkat Mirziyoyev outlined the priorities and plans in the energy sector at the 100 MW PV plant launching ceremony in Karmana district of Navoi province, his spokesman Sherzod Asadov said.