Monday, 27, September, 2021

Economy

The Deputy PM/Minister of Investments and Foreign Trade S. Umurzakov held online talks with the Minister of Commerce of the China Wang Wentao and discuss topical issues of bilateral cooperation and the current progress of priority agreements, the Ministry of Investments and Foreign Trade (MIFT) said.

Today, the latest edition of the World Bank’s Economic Update for the Europe and Central Asia region was released. The report contains the analysis of the situation in 23 economies of the region and forecasts related to their social and economic development in 2021 and 2022. It also covers the recent developments in and outlook for Uzbekistan which are explained below.

The President Shavkat Mirziyoyev signed the Measures to develop public-private partnership in the field of airport management in the republic Decree, the Ministry of Justice said.

Azizbek Abdiev, Deputy Head of the Directorate for Capital Construction under Uzbekistan Railways, spoke about the work progress of the second stage of the Tashkent aboveground circle metro line.

In January-February 2021, Uzbekistan's international trade topped USUS$ 4.5 billion, which is lower by US$ 1.4 billion, or 23.8%, compared to the same period in 2020, the Statistics Committee sai in a report.

The President of Uzbekistan signed the Measures to further introduce market mechanisms in the sale of highly liquid and monopolized goods Decree.

Uzbekistan is ready to step up investment cooperation with the Eurasian Economic Union (EAEU), in particular, prospects for interaction with the Eurasian Development Bank and the Eurasian Fund for Stabilization and Development are being reviewed, the Ministry of Investment and Foreign Trade (MIFT) said.

On March 15, Deputy PM/Minister of Investments and Foreign Trade Sardor Umurzakov held a working meeting with Deputy PM of the Russian Federation Alexei Overchuk.

The Saudi company ACWA Power has successfully completed the financial close for the new 1,500 MW thermal power plant (TPP) project in the city of Shirin, Syrdarya province, the Ministry of Energy said.

The railway authorities of Uzbekistan and Tajikistan are set to sign an agreement on the construction of a power transmission line along the railway section in the north of Tajikistan: Bekabad-Kanibadam-Kokand.