Issue 1742 - 20.12.2024
20.12.2024

Russian, Uzbek heads of state discuss strengthening efforts to combat security threats and risks

President Shavkat Mirziyoyev held a telephone conversation with Russian President Vladimir Putin on December 19, where the two leaders discussed key issues related to bilateral relations and multilateral cooperation in regional organizations, according to the presidential press service.

One of the main topics addressed during the call was the importance of further strengthening collaboration between the special services of Uzbekistan and Russia. Both leaders emphasized the need for effective joint efforts in combating security threats and risks in the region.

This discussion came in the wake of a recent attack in Russia, which resulted in the death of General Igor Kirillov and his assistant Ilya Polikarpov. The Russian Federal Security Service (FSB) reported that the attack, which occurred on December 17, involved a bomb placed on an electric scooter. 

Investigations revealed that an Uzbek citizen had rented a car-sharing vehicle for surveillance purposes and had connected a Wi-Fi camera to monitor the target. The footage was transmitted to the organizers of the attack, which took place in Dnepropetrovsk.

According to the FSB, Ukrainian intelligence remotely detonated the bomb after receiving a video signal of the general and his assistant leaving the train station. The Uzbek citizen who allegedly carried out the attack was promised a reward of $100,000 and entry into the European Union by Ukrainian special services.

In response to the incident, an Uzbek national suspected of involvement in the attack was detained in the village of Chernoye, Balashikha District, Moscow Region. 

The Embassy of Uzbekistan in Russia has confirmed it is in contact with Russian law enforcement agencies and is working to clarify further details about the individual implicated in the attack.

Reported by Daryo (Uzbekistan).

Uzbekistan General

20.12.2024

Nearly 2,000 illegal landfills found in Uzbekistan through satellite monitoring

A recent satellite monitoring effort conducted by the Uzbekkosmos agency has uncovered 1,928 illegal waste dumps spanning a total area of approximately 721 hectares across Uzbekistan. The findings highlight a significant environmental challenge, with illegal waste sites impacting soil, water, and air quality.

Among these, 123 sites covering 255.5 hectares were...

A recent satellite monitoring effort conducted by the Uzbekkosmos agency has uncovered 1,928 illegal waste dumps spanning a total area of approximately 721 hectares across Uzbekistan. The findings highlight a significant environmental challenge, with illegal waste sites impacting soil, water, and air quality.

Among these, 123 sites covering 255.5 hectares were...

20.12.2024

Uzbek migrants contribute more to economy than gold exports

Today, approximately 2.5 million Uzbeks work abroad. The amount of money they send back to Uzbekistan surpasses the revenue from gold exports, constituting over 14% of the country’s GDP.

In 2000, the United Nations General Assembly declared December 18 as International Migrants Day. On the same date in 1990, the International...

Today, approximately 2.5 million Uzbeks work abroad. The amount of money they send back to Uzbekistan surpasses the revenue from gold exports, constituting over 14% of the country’s GDP.

In 2000, the United Nations General Assembly declared December 18 as International Migrants Day. On the same date in 1990, the International...

Finance and Investment

20.12.2024

Uzbekistan attracts $188bn in investments since 2017

Since 2017, Uzbekistan has attracted a total of $188bn in investments from various sources, with $87bn sourced from abroad. This has contributed to the country’s economic growth, with investments now accounting for more than 30% of the nation’s GDP.

On December 19, President Shavkat Mirziyoyev held a meeting to review the country’s...

Since 2017, Uzbekistan has attracted a total of $188bn in investments from various sources, with $87bn sourced from abroad. This has contributed to the country’s economic growth, with investments now accounting for more than 30% of the nation’s GDP.

On December 19, President Shavkat Mirziyoyev held a meeting to review the country’s...

20.12.2024

Interest rates on loans in Uzbekistan continue to rise in November of 2024

The average interest rate on loans in Uzbekistan's national currency reached 23.47% in November, according to the Central Bank of Uzbekistan (CBU). This marks a steady increase across various loan categories.

For loans with a term of up to one year, interest rates rose to 23.45%, reflecting a 0.25% increase compared to October....

The average interest rate on loans in Uzbekistan's national currency reached 23.47% in November, according to the Central Bank of Uzbekistan (CBU). This marks a steady increase across various loan categories.

For loans with a term of up to one year, interest rates rose to 23.45%, reflecting a 0.25% increase compared to October....

20.12.2024

Uzbek law allows for reduced costs and time savings in mortgage lending market

The second plenary session of the Senate reviewed and approved the Law on Amendments and Additions to Certain Legislative Acts of the Republic of Uzbekistan in Connection with the Further Development of the Mortgage Lending Market. The law introduces amendments to several regulatory acts, such as the Mortgage Law, Securities...

The second plenary session of the Senate reviewed and approved the Law on Amendments and Additions to Certain Legislative Acts of the Republic of Uzbekistan in Connection with the Further Development of the Mortgage Lending Market. The law introduces amendments to several regulatory acts, such as the Mortgage Law, Securities...

20.12.2024

Uzbek Alokabank issues shares worth 500 billion soum

Alokabank has issued ordinary shares amounting to 500 billion soum, according to the Unified Corporate Information Portal. The bank's Supervisory Board approved the decision on 3 December, and the issuance was registered by state authorities on 11 December. A total of 500 billion securities were issued, each with a nominal...

Alokabank has issued ordinary shares amounting to 500 billion soum, according to the Unified Corporate Information Portal. The bank's Supervisory Board approved the decision on 3 December, and the issuance was registered by state authorities on 11 December. A total of 500 billion securities were issued, each with a nominal...

Oil and Gas Sector

20.12.2024

Uzbekistan aims at gas production boost

On 19 December, President Shavkat Mirziyoyev held a meeting to discuss the state of the gas extraction industry and measures to increase gas production in 2025.

The chairman of the joint-stock company Uzbekneftegaz presented a report on the results of the company’s work in 2024 and outlined the priority tasks for...

On 19 December, President Shavkat Mirziyoyev held a meeting to discuss the state of the gas extraction industry and measures to increase gas production in 2025.

The chairman of the joint-stock company Uzbekneftegaz presented a report on the results of the company’s work in 2024 and outlined the priority tasks for...

Agriculture

20.12.2024

Uzbekistan and Pakistan to collaborate on joint development of agricultural machinery

The Ambassador of Uzbekistan to Pakistan, Alisher Tukhtaev, met with the Minister of National Food Security and Research of Pakistan, Rana Tanveer Hussain.

During the discussions, the parties focused on strengthening trade and economic relations in the field of agriculture and further developing cooperation in various sectors of the industry.

"Agriculture is currently...

The Ambassador of Uzbekistan to Pakistan, Alisher Tukhtaev, met with the Minister of National Food Security and Research of Pakistan, Rana Tanveer Hussain.

During the discussions, the parties focused on strengthening trade and economic relations in the field of agriculture and further developing cooperation in various sectors of the industry.

"Agriculture is currently...

Manufacturing industry

20.12.2024

Uzbekistan and Egypt plan to develop cooperation in leather industry

The Chairman of the "Uzcharmsanoat" Association, A. Sultonov, and the Ambassador of Egypt to Uzbekistan, Tamer Hammad, discussed opportunities for cooperation in modernizing the leather industry. The plans include the implementation of joint investment projects, the expansion of trade and economic relations, and the coordination of export-import operations. The Egyptian...

The Chairman of the "Uzcharmsanoat" Association, A. Sultonov, and the Ambassador of Egypt to Uzbekistan, Tamer Hammad, discussed opportunities for cooperation in modernizing the leather industry. The plans include the implementation of joint investment projects, the expansion of trade and economic relations, and the coordination of export-import operations. The Egyptian...

20.12.2024

Uzbekistan extends deadline for bids on 100% shares of Avtooyna

The Agency for State Asset Management (AUGA) has announced the extension of the deadline for submitting bids for the purchase of 100% shares of "Avtooyna." In September, four bidders submitted their applications, and two were allowed to submit binding offers. However, the prices proposed by the two bidders were lower...

The Agency for State Asset Management (AUGA) has announced the extension of the deadline for submitting bids for the purchase of 100% shares of "Avtooyna." In September, four bidders submitted their applications, and two were allowed to submit binding offers. However, the prices proposed by the two bidders were lower...

Communications and Transportation

20.12.2024

Uzbekistan sees 31% increase in outbound tourism in 2024

The number of citizens of Uzbekistan traveling abroad reached nearly 5.7 million during the first 11 months of 2024, marking a 31.3% increase compared to the same period last year, according to data from the Statistics Agency.

The rise equates to an additional 1.35 million travelers, reflecting a growing trend in...

The number of citizens of Uzbekistan traveling abroad reached nearly 5.7 million during the first 11 months of 2024, marking a 31.3% increase compared to the same period last year, according to data from the Statistics Agency.

The rise equates to an additional 1.35 million travelers, reflecting a growing trend in...

Regional News

20.12.2024

Demand assimilates economy and life in Russia

The results of the sample survey of consumer expectations of the population for the fourth quarter of 2024 published by Rosstat on December 18 (according to the results of a survey of 5.1 thousand respondents on November 1-10) already at the beginning of the month recorded a noticeable penetration of...

The results of the sample survey of consumer expectations of the population for the fourth quarter of 2024 published by Rosstat on December 18 (according to the results of a survey of 5.1 thousand respondents on November 1-10) already at the beginning of the month recorded a noticeable penetration of...

20.12.2024

Russian market ready to show growth at close of year

After several days of decline, the Russian market moved to growth, despite the fact that the dynamics on foreign markets are negative after the "hawkish" forecasts of the US Federal Reserve. The positive dynamics may continue until the end of the year.

Russian investors were waiting for positive news from today's...

After several days of decline, the Russian market moved to growth, despite the fact that the dynamics on foreign markets are negative after the "hawkish" forecasts of the US Federal Reserve. The positive dynamics may continue until the end of the year.

Russian investors were waiting for positive news from today's...

20.12.2024

Further direction of RGBI index depends on rhetoric of Russian Central Bank

The main event of the current week is the meeting of the Central Bank, which will be held on December 20. On the eve of it, market participants mostly take a break to evaluate the available and latest incoming data and predict how the regulator will act at the final...

The main event of the current week is the meeting of the Central Bank, which will be held on December 20. On the eve of it, market participants mostly take a break to evaluate the available and latest incoming data and predict how the regulator will act at the final...

20.12.2024

Government encourages purchase of Russian equipment

Against the background of the upcoming increase in income tax in 2025, the government is expanding targeted measures to support priority industries in particular, the authorities are ready to stimulate purchases of Russian high-tech products. The adopted resolution expanded the list of products, with the purchase of which companies can...

Against the background of the upcoming increase in income tax in 2025, the government is expanding targeted measures to support priority industries in particular, the authorities are ready to stimulate purchases of Russian high-tech products. The adopted resolution expanded the list of products, with the purchase of which companies can...

20.12.2024

Sino-Russian relations serve as example of friendly contacts between major powers and neighbouring countries

Under the strategic leadership of the two heads of state, Sino-Russian relations are becoming more mature and stable day by day, as well as even more independent and strong, setting an example of friendly contacts between major powers and neighbouring countries, said on Tuesday a member of the Politburo of...

Under the strategic leadership of the two heads of state, Sino-Russian relations are becoming more mature and stable day by day, as well as even more independent and strong, setting an example of friendly contacts between major powers and neighbouring countries, said on Tuesday a member of the Politburo of...

20.12.2024

China firmly opposes inclusion of Chinese individuals and legal entities in list of sanctions against Russia by European Union

China expresses strong dissatisfaction and resolute protest against the inclusion of Chinese individuals and legal entities by the European Union in the list as part of its 15th package of sanctions against Russia, an official representative of the Ministry of Commerce of the People's Republic of China said on Thursday.

Noting...

China expresses strong dissatisfaction and resolute protest against the inclusion of Chinese individuals and legal entities by the European Union in the list as part of its 15th package of sanctions against Russia, an official representative of the Ministry of Commerce of the People's Republic of China said on Thursday.

Noting...

20.12.2024

China's direct investments abroad increased by 11.2% in January-November

The total volume of China's direct non-financial investments abroad in January-November increased by 11.2% compared to the same period last year and amounted to $128.63 billion, the country's Ministry of Commerce said.

The volume of investments in countries located along the Belt and Road increased by 5.1% to $30.17 billion, Xinhua...

The total volume of China's direct non-financial investments abroad in January-November increased by 11.2% compared to the same period last year and amounted to $128.63 billion, the country's Ministry of Commerce said.

The volume of investments in countries located along the Belt and Road increased by 5.1% to $30.17 billion, Xinhua...

20.12.2024

Trading on Chinese stock exchanges ends with multidirectional movement of quotations

Trading on Chinese stock exchanges ended today with a multidirectional movement of quotations. The Shanghai Composite index, reflecting the situation on the Shanghai Stock Exchange, decreased by 0.36 percent compared with the results of the previous trading day, up to 3,370.03 points.

The Shenzhen Component indicator, which is an indicator of...

Trading on Chinese stock exchanges ended today with a multidirectional movement of quotations. The Shanghai Composite index, reflecting the situation on the Shanghai Stock Exchange, decreased by 0.36 percent compared with the results of the previous trading day, up to 3,370.03 points.

The Shenzhen Component indicator, which is an indicator of...

20.12.2024

China's non-financial foreign direct investment increases by 11.2 percent in January-November 2024

In the first 11 months of 2024, China's non-financial foreign direct investment (ODI) increased by 11.2 percent. year-on-year, it reached 128.63 billion US dollar, according to data from the Ministry of Commerce of the People's Republic of China, published on Thursday.

Non-financial ODIS of Chinese companies to the countries participating in...

In the first 11 months of 2024, China's non-financial foreign direct investment (ODI) increased by 11.2 percent. year-on-year, it reached 128.63 billion US dollar, according to data from the Ministry of Commerce of the People's Republic of China, published on Thursday.

Non-financial ODIS of Chinese companies to the countries participating in...