Monday, 04, December, 2023

Economy

Uzbekistan and Kazakhstan are seeking to join the Green Energy Corridor for electricity delivery from Central Asia to Europe, the press service of the Ministry of Energy of Azerbaijan said.

Today, the President Shavkat Mirziyoyev hosted a Saudi government delegation led by the Minister of Investment Khalid al-Falih, the presidential press service said.

President Shavkat Mirziyoyev at the Nov. 17 government meeting touched upon the implementation of major industrial projects in the Surkhandarya province.

“I came to Surkhandarya for the third time this year with very great intentions and clear plans for our people to improve livelihoods,” his spokesman Sherzod Asadov quoted the president.

Uzbek state-owned Navoiuran and the China National Nuclear Corporation (CNNC) signed a memorandum of strategic cooperation in the uranium industry, the press service of the Ministry of Mining and Geology reported.

Economic activity in Europe and Central Asia improves but growth lags pre-Pandemic levels. Uzbekistan Will Continue Demonstrating Growth in 2023, says the World Bank.

The Ministry of Investment, Industry and Trade and the Chinese conglomerate BYD signed an investment agreement on Tuesday to launch the of electric and hybrid vehicles unit in Uzbekistan, the press service of the ministry said.

In January-August 2023, Russia became the top destination for Uzbekistan's exports on US$ 1.9 billion, the State Statistics Agency said in a report.

Minister of Investments Laziz Qudratov held talks with the Kazakh Minister of Trade and Integration Arman Shaqqaliev on Friday. According to the Ministry of Investments, the parties discussed in detail the progress of implementation of current joint projects and agreements, as well as the possibilities of expanding bilateral trade-economic, transport-logistics and interregional cooperation.

The State Statistics Agency unveiled Uzbekistan’s top trade partners in January-August 2023 (in US dollars) on Wednesday:

Uzbek-US Business Forum took place in Washington on September 15 ahead of the visit of the President Shavkat Mirziyoyev to the United States, the press service of the Ministry of Investment, Industry and Trade said.

Development of a new coal mine has begun in the upper part of te Topolong reservoir in Sariosiyo district of Surkhandarya province.

On September 14, 2023, the Board of the Central Bank decided to keep the interest rate at 14 percent, the Bank said today.

Kitco ranked the world’s top 10 largest gold mining companies by production in H1 2023 based on publicly reported data, in which the Navoi mining and metallurgical plant was placed 5th.

Ministry of Energy posted a draft government resolution on the phased transition to market mechanisms in the energy prices for public input. The resolution unveils plans to liberalize gas and power prices for legal entities from October 1.

The Anti-Corruption and Civil Rights Commission (ACRC, Chairperson Kim Hong-Il) will be signing a Memorandum of Understanding (MOU) on anti-corruption cooperation with the Anti-Corruption Agency of the Republic of Uzbekistan, thereby enhancing anti-corruption cooperation, such as sharing Clean Portal system.

Fertilizer plant project has been commenced in Uzbekistan. The plant will become one of the largest production facilities in the Bukhara province, Dunyo reported.

Talks took place between executives of Chirchiq technopark and Ulyanovsk Automobile Plant (UAZ), at which the parties discussed perspectives for cooperation.

During a press tour in Kashkadarya province on August 25, the chairman of Uzbekneftegaz, Bakhodirjon Sidiqov, called the official data on gas production in Uzbekistan as inaccurate.

Uzbekneftegaz and SOCAR, the state oil and gas company of Azerbaijan, have signed a cooperation agreement, the press service of SOCAR reported.

On August 18, President Shavkat Mirziyoyev signed the Additional measures to improve the mechanism for reforming enterprises and banks with the participation of the state Decree.