Friday, 02, December, 2022

Economy

UZDIF proposed joint project financing in the process of privatization of major state-owned companies. At the 26th session of the Uzbek-British Trade and Industry Council (UBTIC), held yesterday in the capital, the chief of the Uzbekistan Direct Investment Fund (UzDIF), Atabek Nazirov, made a keynote speech.

Cabinet of Ministers posted a draft Amendments and addenda to some decisions of the Government Resolution for public input.

A decline in remittances from Russia and rising cost of living could push an additional one million people into poverty in the region.

Uzbekistan ranked 69th in the UN's Electronic Government Development Index, climbing 18 places to the last year, announced the Deputy Minister of Development of Information Technologies and Communications Jamshid Egamberdiev at a forum dedicated to cooperation between Uzbekistan and Korea Republic in the field of e-government and digital economy at INHA University in Tashkent.

13,856 industrial enterprises were set up in 10 months of this year, the State Statistics Committee said in a report. Number of newly created enterprises over the past five years:

Deputy Prime Minister/Minister of Investments and Foreign Trade of Uzbekistan Jamshid Khodjaev held talks with the Russian Deputy Prime Minister/Minister of Industry and Trade Denis Manturov via conference call.

The State Committee for Geology and Mineral Resources of Uzbekistan, the NavoiUran state-owned enterprise and French Orano Mining signed a trilateral agreement to expand cooperation in the production and processing of uranium. The deal was signed during the visit of the president Shavkat Mirziyoyev to Paris.

As part of the visit of the Uzbek government delegation to France, Deputy PM/Minister of Investments Jamshid Khojaev met with senior executives of a number of leading French companies.

As part of the negotiation process for a free trade agreement between Uzbekistan and Korea Republic, the Deputy Minister of Investments Badriddin Obidov had talks with the Director-General in charge of free trade agreements of the South Korean Ministry of Trade, Industry and Energy Yang Gi-wook via conference call.

Deputy Prime Minister/Minister of Investments Jamshid Khojaev met with Chairman of ACWA Power Company of Saudi Arabia Muhammad Abunayyan.

An International Monetary Fund staff team, led by Mr. Ron van Rooden, met with the authorities of Uzbekistan during November 7–15, 2022 to discuss economic developments and prospects, as well as policy priorities. At the end of the mission, Mr. van Rooden issued the following statement:

Uzbekistan's international trade surpassed US$ 36 billion in January-September 2022, the State Statistics Committee said in a report on Tuesday.

Efforts by one Central Asian nation to to accelerate its transition to greener sources of energy have been praised. Uzbekistan’s moves to also enhance private sector participation was heralded by multinational energy firms.

The Uzbek Ambassador to Japan, Muhsin Abdurakhmanov, met with Tsuyoshi Nishitani, acting chairman of the Japan-Uzbekistan Economic Cooperation Committee, consultant of Itochu Corporation, Dunyo reported.

The process of Uzbekistan's accession to the World Trade Organization will be expedited, announced the Deputy PM Jamshid Khodjaev during the Uzbek-Hungarian business forum.

According to provisional estimates from the State Statistics Committee, in 9 months the Uzbek GDP topped 627.5 trillion soums, or US$ 56.5 billion recording a 5.8% increase compared to the corresponding period in 2021.

Meeting was held at the Uzbek Embassy to Oman with Xu Yukhang, the general manager of Al Mawakab National Trading & Construction LLC (MNT), Dunyo reported. 

Uzbekistan is a country highly impacted by climate change, biodiversity loss and land degradation. The government is taking efforts for rapid transition to a more green, inclusive and climate-friendly economy a central pillar of its latest development plan. Its newly adopted environmental policies include the Concept on Environmental Protection until 2030 and the Strategy for Transition to Green Economy for the period 2019–2030.

President Shavkat Mirziyoyev chaired a governemnt meeting on the development of local industry on November 7, his spokesman Sherzod Asadov said on Monday.

Deputy PM/Minister of Economic Development and Poverty Reduction Jamshid Kuchkarov spoke at the second International Economic Forum in Samarkand on November 3 about what Uzbekistan bankinf environment would be like in five years.