Tuesday, 26, May, 2020

Economy

The Central Bank presented latest data on Uzbekistan’s gold and foreign currency reserves, the Bank said in a report. As of January 1, 2020, the official reserves stood at US$ 29.1 billion. The international reserves - US$ 28.6 billion. Uzbekistan's reserves remain poorly diversified, with almost all of them shared between USD (US$ 12.4 billion) and gold (US$ 16.3 billion).

This year Uzbekistan will buy by 165% more agromachineries to the last year, the chairman of Uzagrotechsanoatholding, Nodir Otajonov said at the next session of the International Press Club in Tashken’st Congress Hall.

The Ministry of Energy announced the launch of the first pilot project to build a photovoltaic plant in Surkhandarya’s Sherabad district with the support of the Asian Development Bank (ADB), the Ministry of Energy said in a statement.

The Russian Power Machines completed the modernization of two power units of the Syrdarya Thermal Power Plant, the largest TPP in Uzbekistan, having completed the phase I of its reconstruction, the Ministry of Energy said in a statement.

Shavkat Mirziyoyev signed the Measures to Implement Tasks Outlined in Uzbekistan’s Agriculture Development Strategy for 2020–2030 Decree.

Uzbekistan and Tajikistan launched the talks to jointly build two hydropower plants on the Zarafshan River in Tajikistan, the Uzbek Ministry of Energy said.

In January-December 2019, the Uzbekistan average monthly salary before tax topped 2.32 million soums or US$ 245, an increase by 27.5% year-to-year, the State Statistics Committee said in a report.

At the Ministry of Transport was held a meeting with executives of Deutsche Bahn. The First Deputy Minister of Transport Ilkhom Mahkamov held talks with the delegation of the company led by the Regional director for Eastern Europe, Russia and CIS, Vincent van Houten.

Uzbekistan and the UAE’s Mubadala signed an agreement on the privatization of the Talimarjan TPP, the Ministry of Investment and Foreign Trade said.

Uzbekistan could stop exporting natural gas by 2025, the PM Abdulla Aripov said at a meeting of the Political Council of the Liberal Democratic Party (UzLiDeP) in Tashkent on Saturday.