Thursday, 20, January, 2022

Economy

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.

The President Shavkat Mirziyoyev visited the Navoiazot on August 27, where he attended the ceremony of launching nitric acid, ammonia and urea production units, the presidential press service said.

On August 25, the President Shavkat Mirziyoyev signed the Additional measures to support the pubs and restaurants and promoting tourism Decree.

The Deputy Prime Minister/Minister of Investment and Foreign Trade S. Umurzakov held online talks with Advisor Abdul Razzak Davud to the Prime Minister of Pakistan and discussed the implementation of the agreements reached following the visit of the Prime Minister of Pakistan to Uzbekistan in July this year, the ministry said.

The Central Bank of Uzbekistan announced on Saturday it made a decision to issue new 5,000- and 10,000-soum banknotes from August 26, 2021.

The Top 10 countries with the highest share in Uzbekistan's imports have been announced. According to the Statistics Committee, in January-July 2021, the countries with the highest share in Uzbekistan’s imports are (USD):

The Ministry of Energy has presented a list of renewable energy projects to be launched. According to the ministry, the list includes seven projects with total capacity of 2,797 MW:

53.8 billion cubic meters (BCM) of gas is expected to be produced in Uzbekistan in 2021, follows from the footage of the presentation at a meeting chaired by President Shavkat Mirziyoyev on Monday.

The President Shavkat Mirziyoyev signed a decree stipulating the construction of power plants in Khorezm and Surkhandarya provinces.

Uzbekistan will cut tax rates on gold, uranium, natural gas and oil production for foreign investors, announced the president Mirziyoyev at a ceremony dedicated to the start of the 3rd ore beneficiation plant project at the Almalyk Mining and Metallurgical Kombinat.

On July 29, President   visited the Yoshlik-1 field of the Almalyk Mining and Metallurgical Kombinat (AMMK), the presidential press service said.