Thursday, 18, July, 2024

Economy

Government’s 96% stake in Andijan Biochemical Plant was sold to Jasmine Gold Group for 101.3 billion soums, or 8 million USD, the State Asset Management Agency said.

The Tax Committee issued a decision has been adjusted the criteria for adding legal entities in the large tax payers category in Uzbekistan.

The Economic Review magazine analyzed Uzbekistan’s international trade with the CIS countries in January-May, 2024.

The State Asset Management Agency (SAMA) announced the privatization of the Foton company. The 85.58% government stake in the electronics plant was sold through a public invitation to negotiations to the Havvo Group agricultural holding for 151 billion soums (about $12 million).

BYD Uzbekistan Factory joint venture in Jizzakh province produced its first electric vehicle. President Shavkat Mirziyoyev visited this plant today.

Good morning Mr. Neil McKain, you are the IFC Regional Manager for Uzbekistan and Turkmenistan. Thank you in advance for this interview to the Tashkent Times.

On May 29, the first meeting of the Uzbekistan-Malaysia Intergovernmental Commission took place in Kuala Lumpur. According to Dunyo, this event was organized in pursuance of the agreements reached between the President Shavkat Mirziyoyev and the Prime Minister of Malaysia Anwar Ibrahim during their talks negotiations held in Tashkent on May 17 to turn the Joint Committee on Trade between the two countries into an Intergovernmental Commission.

As reported earlier on June 3, President Shavkat Mirziyoyev signed the Measures to further expedite market reforms and harmonize national legislation with World Trade Organization (WTO) agreements Decree.

On June 3, the president signed the Measures to further expedite market reforms and harmonize national legislation with World Trade Organization (WTO) agreements Decree depriving several state-owned companies in Uzbekistan of special (exclusive) rights.

On May 31, 2024, S&P Global Ratings affirmed its 'BB-/B' long- and short-term foreign and local currency sovereign credit ratings on Uzbekistan. The outlook is stable.

Uzbekistan received $197.84 million in humanitarian aid In 2023, the Ministry of Economy and Finance said in a report on Friday.

The president signed a decree creating a republican commission to optimize and ensure the effectiveness of subsidies, benefits and preferences to businesses.

The Cabinet of Ministers issued the Measures to implement the investment program of Uzbekistan for the quarter 2 of 2024 Resolution.

Uzbekistan and Azerbaijan are seeking to set up a joint commercial online platform, the Minister of Investment, Industry and Trade Laziz Qudratov said during the II Azerbaijan-Uzbekistan Inter-Provinces Forum in Guba.

Uzbekneftegaz may join the Shah Deniz gas condensate project on the Azerbaijani shelf of the Caspian Sea, the Minister of Investment, Industry and Trade Laziz Qudratov said on the sidelines of the II Uzbekistan-Azerbaijan Inter-Provinces Forum in Guba.

The oil and gas company Uzbekneftegaz has put into operation a Drilling Control Center. In the launch ceremony on Wednesday were present the Minister of Energy, Zhurabek Mirzamakhmudov, the Chairman of Uzbekneftegaz, Bakhodir Siddikov, and the Chairman of the Board of Gazprom Neft, Alexander Dyukov.

According to the latest Regional Economic Prospects (REP) report published by the European Bank for Reconstruction and Development (EBRD), Central Asian economies in 2024 are expected to see growth slowing to 5.4 per cent. However, a rebound to 5.9 per cent is expected in 2025.

Uzbekistan’s top 20 largest taxpayers were unveiled on May 13, the Statistics Agency said in a report. A total of 2,187 large taxpayers contributed tax revenues over UZS 32.9 trillion ($2.6 billion).

Uzbekistan plans to disburse $5 billion in investment from Russia in 2024. On May 10, President Shavkat Mirziyoyev got acquainted with the progress of implementation of the agreements and further plans for investment cooperation with foreign partners.

Until spring 2024, Uzbekistan was one of the few countries in the world that lacked internationally comparable poverty estimates. For decades, the country had measured poverty in a way that could not be directly compared with the rest of the world, making it hard to understand how effective Uzbekistan’s progressive social and economic reforms were.