Saturday, 03, May, 2025

Economy

The first stage of a $10 billion MTO gas-chemical complex (GCC) project will be launched this year in Tuprokkala district. The GCC will produce 2 million tons of 14 types of high-value-added polymers per year President Shavkat Mirziyoyev said during his trip to the Khorezm province.

In January-March 2025, the average gross wage, excluding inflation, in Uzbekistan increased by 18% year-on-year (compared to the same period in 2024) — from 4.91 million to 5.796 million soums, the National Statistics Committee said in a report.

President Shavkat Mirziyoyev visited the site of the fifth Innoprom. Central Asia industrial exhibition in Tashkent Monday, the presidential press service said.

In January-March, Uzbekistan's international trade turnover amounted to $17.3 billion, which is $1.37 billion, or 8.6%, more than in the same period of 2024.

President Shavkat Mirziyoyev familiarized himself with a presentation on the progress of chemical industry projects and upcoming steps for their diversification Tuesday.

President Mirziyoyev signed the Privatization Program for 2025 Decree announcing a standstill for starting enterprises with government’s stake in Uzbekistan.

Uzbekistan’s gross domestic product (GDP) reached 333.6 trillion soums, or $25.9 billion in current prices for January-March 2025, the National Statistics Committee said in a report.

15,739 is the number of foreign-invested companies in Uzbekistan as of April 1, 2025, the National Statistics Committee said in a report Tuesday.

NMMC, the world's fourth-largest gold producer and the largest gold mining company in Central Asia, today announces its IFRS financial results for the 2024 fiscal year (the “Period”), based on the Company's audited financial statements for the year ended 31 December 2024, as approved by management on 10 April 2025.

Uzbekistan's GDP will grow by 6.6% in 2025 and 6.7% in 2026, the Asian Development Bank said in an April 2025 outlook. The outlook also emphasized the critical role of regional cooperation in the country's development.

The Asian Development Bank (ADB), the Asian Infrastructure Investment Bank (AIIB), and the energy ministries of Azerbaijan, Kazakhstan, and Uzbekistan today signed a Memorandum of Understanding (MOU) to support the Feasibility Study for the Caspian Green Energy Corridor Project. The initiative is part of ADB’s regional technical assistance for the project.

Uzbekistan's gold and foreign exchange reserves continued to grow to reach the historic high of $47.85 billion in March 2025, the Central Bank said in a report Monday.

Ahead of the Central Asia-European Union Summit in Samarkand, the Minister of Investment, Industry and Trade Laziz Kudratov today met with the CEO of Air Products and Chemicals (USA) Eduardo Menezes, the press service of the Ministry said.

The Central Bank posted a report on the labor migration destinations of Uzbeks. Reportedly in 2024, the Uzbeks’ mobility rose significantly.

President Mirziyoyev signed a Decree imposing export duties on 86 goods from July 1. The Decree will help bring export procedures into line with WTO rules. The above 86 items include, among others, leather raw and semi-finished products, silk raw materials, cotton yarn and knitwear.

Uzbekistan exported nearly $2.9 billion worth of textile products between January and December 2024 bringing their share to 10.6% of total total exports of Uzbekistan, the Statistics Agency said in a report.

The number of companies in Uzbekistan is plummeting, according to the figures posted by the Statistics Agency. The number of companies as of February 1, stands at to 431.5 thousand. This is by 10.7% less than a year ago and by 24.6% less than 2 years ago.

As reported earlier, the 4th edition of the International Specialized Exhibition AGROPRO EXPO 2025, organized by SOF EXPO, kicked off at the modern SOF EXPO SAMARKAND exhibition center located in Samarkand’s Dzhambay district on February 25 to last through February 27.

In recent years, Uzbekistan has committed to transit to a green economy, including through cutting greenhouse gas emissions, expanding renewable energy, improving energy and water efficiency, and enhancing urban green spaces.

Today, President Shavkat Mirziyoyev familiarized himself with a presentation on the improvement and digitalization of Uzbekistan’s customs system.