President Shavkat Mirziyoyev signed decree on Thursday exempting a number of building materials imported into Uzbekistan from customs duties until January 1, 2025, the Ministry of Justice said.
In Uzbekistan and other CIS countries, banks are requesting additional documents for Russian clients for fear of secondary sanctions, the Russian publication Kommersant said.
President Shavkat Mirziyoyev approved amendments to the Consumer Loan Law, which now allow provision of consumer loans for imported goods with immediate effect. The Legislative Chamber passed the amendments on January 17, and the Senate on March 2.
Today, President Shavkat Mirziyoyev chaired a government meeting on investment, exports and international cooperation. At the meeting, officials reported on the work progress in this area. Shavkat Mirziyoyev undescored that since the beginning of the year $764 million of foreign investment had been disbursed, 1.3 thousand large and medium-sized projects have been launched, with exports topping $ 3 billion.
In 2022, the volume of disbursed investments in fixed capital in Uzbekistan topped 270 trillion soums, or US$ 24 billion.
Working group headed by the Minister of Investments, Industry and Trade Laziz Qudratov negotiations with the leadership of the UAE’s Ministry of Economy and Energy and Infrastructure in Abu Dhabi.
The volume of money remittances to Uzbekistan increased by 2.1 times in 2022 - to a record $16.9 billion, the governor of Central Bank Mamarizo Nurmuratov said at a press conference on Thursday.
Uzbekistan’s international trade in 2022 reached $50.01 billion, a $7.84 billion increase, or 18.6%, compared to the previous year, the Statistics Agency said in a report.
The government of Uzbekistan plans to increase the gas production by at least 9% to 56.3 billion cubic meters (BCM) in 2023. While, the gas production has declined in recent years.
In Uzbekistan in 2022, overall prices for food items increased - 15.6% and non-food items - 10.7%. Prices of services grew moderately, at 8.4%. Investments in fixed capital during the year decreased by 0.5%.
Uzbekistan exported $1.07 billion worth of gas to China in 2022, the Chinese customs authorities said in a report. Exports in value terms increased by 33.9% compared to 2021 ($799 million).
In 11 months of 2022, Uzbekistan exported 2.9 billion USD worth of textiles, an increase by $250.5 million to 2021. The top ten countries to which Uzbekistan exported textile products in 11 months of 2022:
Recent developments: As a result of the Russian Federation's invasion of Ukraine, growth in Europe and Central Asia (ECA) is estimated to have slowed sharply in 2022, to 0.2 percent. This reflects contraction in Russia and a deep recession in Ukraine. Excluding these two countries, growth in ECA nearly halved in 2022, to an estimated 4.2 percent, with broad-based deceleration across the region.
The process equipment of the future complex for increasing the production capacity of Shurtan gas chemical complex in Guzar district of Kashkadarya province worth $1.8 billion can be moved to Karakul district of Bukhara province for integration with Saneg’s plant. This is provided for by a draft behind-closed-doors resolution of the President of Uzbekistan.