Thursday, 20, March, 2025

Economy

Uzbek electricity standards are being revised to match with the international standrds. The French company Assystem Engineering and Operation Services SAS was hired for their analysis, the Ministry of Energy said.

Next month, the governments of Uzbekistan and the United Kingdom will convene at the 25th anniversary meeting of the Uzbek-British Trade and Industry Council (UBTIC), an influential body that brings together government and commercial leaders.

Uzbekistan imports USUS$ 50.4 million worth of gas in January-December 2020, which is 237.1 times more than in 2019. This is stated in the report of the State Statistics Committee on foreign trade turnover.

The construction of a small 40 kW PV plant has started in Yukorichirchik district of Tashkent province, the Ministry of Energy said.

A number of companies are showing interest in investing in Uzbekistan’s machine-building industry and launching production of cars, stated the President Shavkat Mirziyoyev on January 13 at a meeting on the transformation of the machine-building industry and development of competition in this industry.

On January 13, the President Shavkat Mirziyoyev chaired a meeting on the transformation of the machine-building industry and development of competition in this industry, the presidential press service said.

Production of military and special equipment is to be launched on ​​12 hectares in the city of Nurafshan, Tashkent province. The project was presented to the President Shavkat Mirziyoyev on January 11.

The assembly of Chinese crossovers Dongfeng and Changan will be launched in Jizzakh city before 2024, as well as minibuses and trucks, the provinceial governor’s office said.

The Deputy Prime Minister/Minister of Investments and Foreign Trade S. Umurzakov held a meeting with Executive Director of the U.S. International Development Finance Corporation (DFC) Adam Boehler, the ministry reported.

According to the State Statistics Committee, as of January 1, 2021, the number of foreign-invested enterprises registered in Uzbekistan topped 12.3 thousand, of which 11.8 thousand are operating.

The operating regimen of Uzbekistan’s thermal power plants and energy system has been fully restored, the Ministry of Energy said in a statement.

Masdar (UAE) has commenced the construction of a photovoltaic plant in Karmana district of Navoi province, the Ministry of Energy said.

Recent developments: The COVID-19 pandemic has generated a major health and economic crisis in the region that has been compounded by social unrest and conflict.

According to the Investment Program for 2021-2023, approved by the Dec. 28 presidential decree, several companies are planning to launch the production of vehicles in Uzbekistan.

Pakistan signed a joint appeal letter Tuesday seeking a $4.8 billion loan from international financial institutions for a Trans-Afghan railway line project with Uzbekistan and Afghanistan. 

The 2020 inflation rate in Uzbekistan’s consumer sector was at 11.1%, the State Statistics Committee said in a report. While in 2019, the figure stood at 15.2%.

The assembly of Lada and Renault cars is planned to be launched in Uzbekistan. The project will be implemented as part of the investment program for 2021-2023.

The ammonia and urea chemical complex, the construction of which began at the Navoiazot plant in September 2016, released its first urea on December 23, the Uzkimyosanoat said in a statement.

US$ 1.2 billion worth of over 609.4 thousand tons of textiles have been cleared for export from Uzbekistan in 11 months of this year, the State Customs Committee said on its website.

On December 17, 2020, Hyatt Regency Tashkent hotel hosted a conference of the MEYOS association of manufacturers and suppliers of the woodworking industry of Uzbekistan.