Monday, 23, December, 2024
Monday, 23, December, 2024
“At the moment, the Uzbek labor market is under tremendous pressure due to an increase in the number of unemployed. Nearly 400 thousand enterprises temporarily ceased operations or reduced their activity due to coronavirus. Due to the country’s closing, about 150 thousand people lost their jobs, while about 498 thousand returned to Uzbekistan, labor migrants who returned now have no permanent income, more than 200 thousand families are now living below the poverty line,” said First Deputy Minister of Employment and Labor Relations Erkin Mukhitdinov.
Uzbekneftegaz and LUKOIL signed a new Memorandum of Understanding in Tashkent. The intention of cooperation in the field of joint exploration and production OF oil and gas in Uzbekistan is secured by the signatures of the Chairman of the Board of Uzbekneftegaz M. Abdullaev and the Director General of LUKOIL Uzbekistan Operating Company S. Gurzhiy (on behalf of LUKOIL).
President Shavkat Mirziyoyev held a meeting on May 28 to discuss priorities in ensuring a competitive environment in the economy and protecting consumer rights, the presidential press service said.
The Uzbekistan Ministry of Electricity has commenced drafting Uzbekistan’s low-carbon electricty strategy. The document will reflect the transition to the production of electricity with low greenhouse gas emissions.
President Shavkat Mirziyoyev instructed to push the privatization of about 1,400 state-owned assets, the presidential press service said in a statement. The privatization program is to be approved by the Cabinet of Ministers.
President Shavkat Mirziyoyev chaired a video conference meeting, where he, in particular, spoke about the reasons why major investors are not willing to invest in Uzbekistan.
The unemployment rate in Uzbekistan in Q1 topped 9.4%, the Liberal Democratic Party said in the Legislative Chamber of the Oliy Majlis Tuesday.
President Shavkat Mirziyoyev signed the Next Measures to Support Households and Business during Coronavirus Pandemic Decree.
President signed the Measures to implement the “Construction of a 100 MW capacity photovoltaic power plant in Samarkand province project” Decree.
Uzbekistan’s economy will slow sharply this year because of the impact of the coronavirus, but will avoid a recession, according to the latest forecast by the European Bank for Reconstruction and Development (EBRD) published today.
The world's largest company by market capitalization ever - Apple Distribution International Limited has registered in Uzbekistan as a VAT payer and paid US$ 59.2 thousand in tax to the Uzbek state budget in Q1, the State Tax Committee said.
The President signed the Measures to Expand Production of Potatoes and Further Development of Potato Seed Production in the Republic Decree.
Central Asian gas producers Turkmenistan, Kazakhstan and Uzbekistan are discussing a shared cut in gas supplies to China, as a result of the coronavirus pandemic's impact on demand, Uzbekneftegaz CEO Mekhriddin Abdullaev told S&P Global Platts Tuesday.
The government approved the Concept for Providing Uzbekistan with Electricity for 2020–2030, the Ministry of Energy said. The document was developed with the participation of international experts.
The countries of the Turkic Council are planning to step up the Trans-Caspian transport corridor during the coronavirus pandemic, the Foreign Ministry said in a statement.
Uzbekistan Railways has launched the regular movement of a high-speed freight train to the Hairaton station in Afghanistan, the company said. Part of the train is reportedly formed in Tashkent, and along the way it is supplemented by freight cars sent from provinces.
On April 24, Deputy PM/Minister of Investment and Foreign Trade Sardor Umurzakov, in a videoconference meeting with the Russian Deputy PM A. Overchuk and discussed the state and prospects of Uzbek-Russian cooperation in the trade, investment, industrial cooperation and logistics fields.
On 27 April 2020, the Uzbek Deputy PM/Minister of Investment and Foreign Trade Sardor Umurzakov held a video conference with the Italian Minister of Foreign Affairs and International Cooperation Luigi Di Maio and discussed a wide range of investment, trade, economic, financial and technical cooperation between the two countries, the Uzbek ministry said.
In January-March, Uzbekistan exported over $1 billion worth of gold, a 1.7% increase to the last year, the State Statistics Committee said. While, the gold’s share in exports standing at 29.8%.
On April 21, the Uzbek Minister of Investments and Foreign Trade, Sardor Umurzakov held a teleconference with the Minister of Railways and Commerce of India, Piyush Goyal.