Thursday, 20, January, 2022

Economy

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.

The Dutch company Stone City Energy will build a thermal power plant in the Surkhandarya province. An electricity purchase agreement from the future thermal power plant was signed on April 19, the Ministry of Energy said.

The Uzbek economy is trying to return to pre-pandemic figures. This was reflected in 14%GDP growth compared to the Q1 of the last year.

Uzbekistan Airways, Uzavtosanoat, Uzbekneftgaz, 5 banks and 3 major metallurgical plants are scheduled to hold IPOs before 2024.

Vesti on Saturday TV channel prepared a story "The ties between Russia and the new Uzbekistan , at which, the founder and main shareholder of USM Holdings, Alisher Usmanov, expressed his opinion on the reforms in Uzbekistan.

Today, April 10, near ​​the Zhibek Zholy checkpoint on the Uzbek-Kazakh border, the Prime Ministers of Uzbekistan Abdulla Aripov and Kazakhstan Askar Mamin held talks and attended the ceremony of laying the capsule at the construction site of the International Center for Trade and Economic Cooperation (ICTEC) "Central Asia".

The transformation office for reforming the Uzavtosanoat and its structural enterprises launched its operations. The office was set up in accordance with the Jan. order of the President of Uzbekistan and was formed jointly with the Boston Consulting Group (BCG), the company said in a statement.

On April 8, Deputy PM/ Minister of Investment and Foreign Trade Sardor Umrzakov met with Minister of Trade of Turkey Ruhsar Pekcan.

Agreements on the implementation of US$ 2.2 billion worth of 33 projects with the Russian investments were reached at the first international industrial exhibition INNOPROM held in Tashkent, the press center of the event reported.

Surhan Gas Chemical Operating Company, VEB.RF and Gazprombank have signed basic indicative financial terms for the implementation of the Mustakillikning 25 Yilligi (M-25) gas field exploration and development project in Uzbekistan, the VEB.RF press service said.

The Ministry of Energy and Phanes Group signed a photovoltaic plant investment agreement (PVP) in Nurata district of the Navoi province, the Ministry of Energy said.