Monday, 23, December, 2024

Economy

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.

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.

In January-November 2020, Uzbekistan’s foreign trade in goods topped US$32.9 billion, which is less by US$4.8 billion 12.9%) to the same period last year, the State Statistics Committee in a report.

The State-Owned Assets Management Agency (SOAMA) has announced putting for sale of the 57.118% stake in Coca-Cola Bottlers Uzbekistan.

Starting from December 18, the Rosselkhoznadzor allows the import of tomatoes and peppers into Russia from seven enterprises from the Fergana province of Uzbekistan, the department said in a statement.

The 2021 State Budget Bill was passed at the plenary session of the Senate on Friday. In accordance with the document, the budget revenues are planned to be at 21.3% of GDP, 147.2 trillion soums, US$ 14 billion and expenditures - 24% of GDP, 165.8 trillion soums, US$ 15.6 billion. The budget deficit, thus, is at 2.7% of GDP, or 18.6 trillion soums.

Uzbekistan and Russia are implementing US$ 22 billion worth of energy projects, the Uzbek Energy Ministry said. This figure was announced during the talks of the Energy Minister Alisher Sultanov with his Russian counterpart Nikolai Shulginov held yesterday as part of the working trip to Moscow.

Uzbekistan handed over 51% of the stake in Bekabadcement JSC back to the shareholders, the Ministry of Justice reports.

The Uzbek Minister of Agriculture Jamshid Khodjaev called for avoiding quotas for agricultural products in the CIS markets.

President Shavkat Mirziyoyev signed the Measures to further step up introduction of water-saving technologies in agriculture Decree, the Ministry of Justice reports.