Friday, 07, May, 2021

Economy

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.

The deal between Uzbekistan and Russia for a nuclear power plant in Uzbekistan is "basically ready", with only technical aspects remaining, said the Russian Ambassador to Uzbekistan Vladimir Tyurdenev on December 21.

During the visit of a delegation of the Uzbek Ministry of Energy between December 13-15 to Moscow, a number of energy projects accords were signed with the Russian companies, the Ministry of Energy said.