Thursday, 20, January, 2022

Economy

The Central Bank of Uzbekistan will issue 2,000- and 20,000-soum banknotes for circulation, the Central Bank said. The resolution of the Senate on issuing new banknotes has already been signed.

The Deputy Ministers of Transport of Uzbekistan and Tajikistan Abdusamat Muminov and Shoista Saidmurodzoda discussed the construction of a new railway between Panjikent (Tajikistan) and Bulungur/Jomboy (Uzbekistan), Asia-Plus reported with reference to the Tajikistan Ministry of Transport.

Until 2025, the number of state-owned enterprises in Uzbekistan will be reduced by 75%, announced the Director of the for State Assets Management Agency (SAMA) Akmalkhon Ortiqov at an international forum on May 27.

Of Uzbekistan’s public external debt (US$ 21 billion), US$ 2.3 billion was contributed for the Uzbekistan GTL plant project. The total project cost is US$ 3.6 billion.

The State Assets Management Agency of Uzbekistan (UzSAMA) in partnership with the World Bank organized an International Forum called ‘Transformation and Privatization of the State-Owned Enterprises in Uzbekistan: A New Stage of Economic Reforms’. The event participants discussed the current and planned reforms in this area. 

The public debt as of April 1 topped US$ 23.4 billion, or 40.5 percent to GDP. At a regular meeting of the Legislative Chamber, the achievement of the state budget parameters for Q1 of 2020 and 2021 was discussed, the chamber reported.

The State Assets Management Agency announced plans to sell government’s stakes of 100% in Poytakht Bank and Uzagroexportbank.

Uzbekistan today announced the winning bidder of the public-private partnerships (PPPs) for two photovoltaic solar parks in the Jizzakh and Samarkand regions. These PPPs, tendered under the World Bank Group’s Scaling Solar program, will soon add more than 400 megawatts of clean and renewable energy to the country’s energy mix.

The UAE-based Masdar (Abu Dhabi Future Energy Company) made the most attractive proposal in the call for bids for the 200 MW Sherabad photovoltaic plant project in the Surkhandarya region, the press service of the Ministry of Energy said.

In 4 months of this year, more than 90 percent of gasoline imported to Uzbekistan was imported from Russia and Turkmenistan.

Tashkent hosted the eighth meeting of the Uzbek-French intergovernmental commission on trade and economic cooperation on May 10 chaired by the Deputy PM/Minister of Investment and Foreign Trade of Uzbekistan Sardor Umurzakov and the French Minister-Deleagte for Foreign Trade and Economic Attractiveness Frank Riester, the MIFT said.

The United States Agency for International Development (USAID), in collaboration with TCS Logistics (Pakistan), successfully launched the first pilot shipment to Central Asia under the Transports Internationaux Routiers (TIR) Convention, a customs agreement that facilitates the international transport of goods.

The State Assets Management Agency (SAMA) presented a list of the most profitable and loss-making companies in which the state owns a stake in 2020.

It is planned to resume regular direct flights between Uzbekistan and Saudi Arabia. This was discussed during the visit of the Uzbek government delegation to Saudi Arabia.

A wind farm project implementation agreement was signed on May 3 between the Ministry of Energy of Uzbekistan, the Ministry of Investment and Foreign Trade and the Saudi energy company ACWA Power, the Ministry of Energy said in a statement.

Uzbekistan’s economic growth is expected to rebound this year and in 2022 as industry, services, and investments recover following the coronavirus disease (COVID-19) pandemic, but the risks remain of a protracted pandemic and uncertainty abroad, according to a new Asian Development Bank (ADB) report.

The new railway will be built between Samarkand province and Penjikent. Talks were held between officials of the ministries of transport of Uzbekistan and Tajikistan in Dushanbe. The parties discussed the development of cooperation in the transport sector, in particular, of the Penjikent (Tajikistan) - Bulungur/Jambay (Uzbekistan) railway project, Sputnik reported.

The Senate at the 14th plenary meeting on April 24 approved the amendments to the Tax Code which lifting VAT for a number of food items.

Uzbekistan's central bank will resume gold sales when it feels the price of the metal is peaking, the deputy chairman Behzod Khamraev told Reuters.

Around the clock shopping high streets and centers will be set up in Uzbekistan, the President Mirziyoyev announced at the gov’t meeting on the development of the service sector in provinces.