Issue 1697 - 15.10.2024
15.10.2024

Leaders of Uzbekistan and Turkmenistan discuss current bilateral issues

On 14 October, President of the Republic of Uzbekistan Shavkat Mirziyoyev held a telephone conversation with the National Leader of the Turkmen people and Chairman of the Halk Maslahaty of Turkmenistan, Gurbanguly Berdymukhammedov.

President Mirziyoyev congratulated Berdymukhammedov once again on the successful organization of the International Forum dedicated to the 300th anniversary of the great poet and thinker Mahtumkuli Fragi and expressed gratitude for the warm welcome extended in Ashgabat.

During the conversation, the parties discussed the implementation of agreements reached during a recent meeting and reviewed key issues for the further development of Uzbek-Turkmen relations, which are based on strategic partnership and multilateral cooperation.

Additionally, the leaders discussed plans for upcoming events.

By UzDaily

Uzbekistan General

15.10.2024

Over 154,000 job opportunities abroad for Uzbeks across key sectors recorded

More than 154,000 job vacancies have been identified for Uzbek citizens in countries such as Germany, South Korea, Turkey, Lithuania, Great Britain, Poland, Latvia, Japan, and Romania. The available jobs span across various sectors including medicine, production, services, construction, agriculture, IT, truck driving, welding, and electrical work. This information was disclosed...

More than 154,000 job vacancies have been identified for Uzbek citizens in countries such as Germany, South Korea, Turkey, Lithuania, Great Britain, Poland, Latvia, Japan, and Romania. The available jobs span across various sectors including medicine, production, services, construction, agriculture, IT, truck driving, welding, and electrical work. This information was disclosed...

Finance and Investment

15.10.2024

Uzbekistan's largest taxpayers contribute $6.35bn in 9M24

In the first nine months of 2024, 949 large taxpayers in Uzbekistan paid a total of UZS 81.2 trillion ($6.35bn) in taxes. This reflects the significant contributions of both state-owned enterprises (SOEs) and private sector companies to the country’s tax revenue.

Out of the total, UZS 41.8 trillion ($3.27bn) came from the...

In the first nine months of 2024, 949 large taxpayers in Uzbekistan paid a total of UZS 81.2 trillion ($6.35bn) in taxes. This reflects the significant contributions of both state-owned enterprises (SOEs) and private sector companies to the country’s tax revenue.

Out of the total, UZS 41.8 trillion ($3.27bn) came from the...

15.10.2024

Uzbekistan's Tashkent region gets $2bn investment injection

A ceremony was held to mark the launch of nine major projects in the Tashkent region, collectively valued at $2bn on October 14. President Shavkat Mirziyoyev presided over the event, emphasizing the strategic importance of the Tashkent region in Uzbekistan’s economic landscape.

The Tashkent region has experienced growth over the past five...

A ceremony was held to mark the launch of nine major projects in the Tashkent region, collectively valued at $2bn on October 14. President Shavkat Mirziyoyev presided over the event, emphasizing the strategic importance of the Tashkent region in Uzbekistan’s economic landscape.

The Tashkent region has experienced growth over the past five...

15.10.2024

101.7 million card transactions recorded in first nine months of 2024 in Uzbekistan

In the first nine months of 2024, the ATTO system recorded 101.7 million card transactions, indicating its active use in public transport. An analysis of the data reveals several key trends showcasing the development of the transport system.

Dominance of Public Transport: Public transport remains a key mode of transportation for...

In the first nine months of 2024, the ATTO system recorded 101.7 million card transactions, indicating its active use in public transport. An analysis of the data reveals several key trends showcasing the development of the transport system.

Dominance of Public Transport: Public transport remains a key mode of transportation for...

15.10.2024

Uzbekistan’s HUMO issues 30 million cards

The number of HUMO cards has surpassed 30 million. This was reported by the company’s press service.

In light of this significant milestone, the HUMO system presented a gift of 30 million soum to Nadirjon Samiev from the Shafirkan district of the Bukhara region, the holder of the 30 millionth HUMO...

The number of HUMO cards has surpassed 30 million. This was reported by the company’s press service.

In light of this significant milestone, the HUMO system presented a gift of 30 million soum to Nadirjon Samiev from the Shafirkan district of the Bukhara region, the holder of the 30 millionth HUMO...

15.10.2024

UZS depreciates further, US dollar exchange rate up

For the first time, the official exchange rate of the US dollar has surpassed 12,800 UZS on Uzbekistan’s currency exchange, marking a new all-time high. This is the fourth instance this month that the value of the dollar has reached a new peak.

On Monday, October 14, the Central Bank of...

For the first time, the official exchange rate of the US dollar has surpassed 12,800 UZS on Uzbekistan’s currency exchange, marking a new all-time high. This is the fourth instance this month that the value of the dollar has reached a new peak.

On Monday, October 14, the Central Bank of...

Oil and Gas Sector

15.10.2024

Kazakhstan prepare to modernize CAC system to increase gas transit to Uzbekistan

The Kazakh national company QazaqGaz is conducting preparatory work on the modernization of the Central Asia - Center gas transportation system (CAC) to increase gas transit to Uzbekistan.

It should be noted that since October last year, Russian gas has already been supplied to Uzbekistan through Kazakhstan through one of the...

The Kazakh national company QazaqGaz is conducting preparatory work on the modernization of the Central Asia - Center gas transportation system (CAC) to increase gas transit to Uzbekistan.

It should be noted that since October last year, Russian gas has already been supplied to Uzbekistan through Kazakhstan through one of the...

Agriculture

15.10.2024

Uzbekistan's table grapes make U.S. debut as initial shipment signals strong market potential

Uzbekistan successfully shipped its first batch of table grapes to the United States, marking a step in agricultural exports. This initial shipment served as a market test to gauge American consumer interest in the unique flavors of Uzbek grapes. The results have been encouraging, paving the way for expanded exports.

The...

Uzbekistan successfully shipped its first batch of table grapes to the United States, marking a step in agricultural exports. This initial shipment served as a market test to gauge American consumer interest in the unique flavors of Uzbek grapes. The results have been encouraging, paving the way for expanded exports.

The...

Metals and Minerals

15.10.2024

Uzbekistan’s gold mining giant Navoi MMC IPO 2025: experts weigh in

The spotlight was placed on Uzbekistan’s Navoi Mining and Metallurgical Company (NMMC), a state-owned enterprise poised to go public in 2025. Cody Shirk, a private investment advisor, shared insights on the investment potential in Uzbekistan, focusing on its abundant natural resources, particularly gold, copper, and uranium, and highlighting Navoi’s dominant role in the global...

The spotlight was placed on Uzbekistan’s Navoi Mining and Metallurgical Company (NMMC), a state-owned enterprise poised to go public in 2025. Cody Shirk, a private investment advisor, shared insights on the investment potential in Uzbekistan, focusing on its abundant natural resources, particularly gold, copper, and uranium, and highlighting Navoi’s dominant role in the global...

Energy Industry

15.10.2024

Uzbekistan to transition to electricity market by 2027 and wholesale natural gas market by 2028

Uzbekistan is set to make a shift in its energy sector, with plans to transition to the electricity market by 2027 and the wholesale natural gas market by 2028, according to Minister of Economy and Finance Jamshid Kuchkarov. Speaking at the St. Petersburg International Gas Forum, Kuchkarov outlined the country’s strategy for...

Uzbekistan is set to make a shift in its energy sector, with plans to transition to the electricity market by 2027 and the wholesale natural gas market by 2028, according to Minister of Economy and Finance Jamshid Kuchkarov. Speaking at the St. Petersburg International Gas Forum, Kuchkarov outlined the country’s strategy for...

Manufacturing industry

15.10.2024

High-tech products manufactured in Uzbekistan’s Tinchlik small industrial zone

During a visit to the Tashkent region, President Shavkat Mirziyoyev toured the Tinchlik small industrial zone in the Yangiyul district and learned about the operations of several enterprises.

Such complexes play a key role in the socio-economic development of regions, creating favorable conditions for business and ensuring employment for the population....

During a visit to the Tashkent region, President Shavkat Mirziyoyev toured the Tinchlik small industrial zone in the Yangiyul district and learned about the operations of several enterprises.

Such complexes play a key role in the socio-economic development of regions, creating favorable conditions for business and ensuring employment for the population....

15.10.2024

German companies to provide project consulting and technology to Uzbekistan’s construction sector

Uzbekistan and Germany are exploring new opportunities for collaboration in the construction industry. The Consulate General of Uzbekistan in Frankfurt am Main, in cooperation with the Chamber of Commerce and Industry of Uzbekistan, facilitated meetings between German companies "Winheller RA GmbH" and "Hypercon Solutions GmbH" and representatives of Uzbekistan's construction...

Uzbekistan and Germany are exploring new opportunities for collaboration in the construction industry. The Consulate General of Uzbekistan in Frankfurt am Main, in cooperation with the Chamber of Commerce and Industry of Uzbekistan, facilitated meetings between German companies "Winheller RA GmbH" and "Hypercon Solutions GmbH" and representatives of Uzbekistan's construction...

Communications and Transportation

15.10.2024

New traffic rules aimed at improving the efficiency of public transport and road safety come into force in Uzbekistan

The Cabinet of Ministers of the Republic of Uzbekistan approved Resolution No. 658, which tightens control over the use of dedicated bus lanes.

According to the changes made by the Government decree:

on a road with a lane designated for public vehicles, the movement of passenger cars and other vehicles is prohibited,...

The Cabinet of Ministers of the Republic of Uzbekistan approved Resolution No. 658, which tightens control over the use of dedicated bus lanes.

According to the changes made by the Government decree:

on a road with a lane designated for public vehicles, the movement of passenger cars and other vehicles is prohibited,...

Regional News

15.10.2024

Russian economy slows down

Leading indicators (GDP proxy) point to the continued cooling of economic growth in Russia in August-September. A fresh weekly monitoring by analysts at the Institute of Transitional Economies of the Central Bank of Finland (BOFIT), based on estimates by the Ministry of Economy and the dynamics of output of basic...

Leading indicators (GDP proxy) point to the continued cooling of economic growth in Russia in August-September. A fresh weekly monitoring by analysts at the Institute of Transitional Economies of the Central Bank of Finland (BOFIT), based on estimates by the Ministry of Economy and the dynamics of output of basic...

15.10.2024

Russian market tries to determine direction

The Russian stock market started the new week with uncertain dynamics in a narrow range. On Monday, October 14, by 14.45 Moscow time, the Moscow Stock Exchange index grows by 0.34% to 2,764.37 points. A possible increase in the Central Bank's key rate at the October meeting to 20% is...

The Russian stock market started the new week with uncertain dynamics in a narrow range. On Monday, October 14, by 14.45 Moscow time, the Moscow Stock Exchange index grows by 0.34% to 2,764.37 points. A possible increase in the Central Bank's key rate at the October meeting to 20% is...

15.10.2024

High-performance jobs in Russia cannot help enterprises overcome constraints

More than a decade ago, the country set the goal of creating 25 million high-performance jobs. This was required to increase the efficiency of production and the standard of living of employees. By 2024, there are about 24 million such places. However, this did not help to reduce restrictions on...

More than a decade ago, the country set the goal of creating 25 million high-performance jobs. This was required to increase the efficiency of production and the standard of living of employees. By 2024, there are about 24 million such places. However, this did not help to reduce restrictions on...

15.10.2024

Complication of business sale rules keeps foreigners in Russia

The new tightening of the rules for the withdrawal of foreign owners from Russian assets will significantly slow down this process, experts interviewed by Kommersant believe. After increasing the discount on the transaction and the contribution to the budget to a total of 95% of the market value of the...

The new tightening of the rules for the withdrawal of foreign owners from Russian assets will significantly slow down this process, experts interviewed by Kommersant believe. After increasing the discount on the transaction and the contribution to the budget to a total of 95% of the market value of the...

15.10.2024

Russia offers to subsidise their infrastructure obligations

Regions with a low level of socio-economic development and budgetary security can receive subsidies from the federal budget to finance infrastructure within the framework of integrated territorial development (ITD), according to a document prepared by the Ministry of Construction. According to experts, poor regions really need support in this regard...

Regions with a low level of socio-economic development and budgetary security can receive subsidies from the federal budget to finance infrastructure within the framework of integrated territorial development (ITD), according to a document prepared by the Ministry of Construction. According to experts, poor regions really need support in this regard...

15.10.2024

Growth in number of single-person households in Russia may become economic problem

The demographic trend the growing propensity of Russians to live alone can become a problem for the financial sector: the propensity of such people to save is lower, and the motives are more unpredictable and depend little on economic factors, a new scientific report published by the Bank of Russia...

The demographic trend the growing propensity of Russians to live alone can become a problem for the financial sector: the propensity of such people to save is lower, and the motives are more unpredictable and depend little on economic factors, a new scientific report published by the Bank of Russia...

15.10.2024

Russia-friendly countries benefit from anti-Russian sanctions

Russia hopes to create a system of cross-border settlements, at least with friendly BRICS countries, that is resistant to American sanctions. The Russian project is based on a network of local banks independent of the dollar to conduct direct cross-border transfers in national currencies. Such a settlement system will save...

Russia hopes to create a system of cross-border settlements, at least with friendly BRICS countries, that is resistant to American sanctions. The Russian project is based on a network of local banks independent of the dollar to conduct direct cross-border transfers in national currencies. Such a settlement system will save...

15.10.2024

China takes measures to stimulate financing of enterprises

China will strengthen financial support for enterprises, taking into account their reputation in the field of quality, Luo Wen, head of the State Administration for Market Regulation of the People's Republic of China, said at a press conference on Monday.

Financial institutions will take into account the quality assurance capabilities, quality...

China will strengthen financial support for enterprises, taking into account their reputation in the field of quality, Luo Wen, head of the State Administration for Market Regulation of the People's Republic of China, said at a press conference on Monday.

Financial institutions will take into account the quality assurance capabilities, quality...

15.10.2024

Central parity rate of yuan against US dollar strengthens by 8 basis points

According to the Chinese Centre for Foreign Exchange Transactions, today, compared with the previous trading day, the central parity rate of the Chinese yuan against the US dollar strengthened by 8 basis points to 7,0723 yuan per dollar.

On the previous trading day, the exchange rate of the yuan against the...

According to the Chinese Centre for Foreign Exchange Transactions, today, compared with the previous trading day, the central parity rate of the Chinese yuan against the US dollar strengthened by 8 basis points to 7,0723 yuan per dollar.

On the previous trading day, the exchange rate of the yuan against the...

15.10.2024

Trading on Chinese stock exchanges ends with increase in quotations

Trading on Chinese stock exchanges ended on Monday with an increase in quotations. The Shanghai Composite index, reflecting the situation on the Shanghai Stock Exchange, increased by 2.07%. compared with the results of the previous trading day, up to 3284.32 points.

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

Trading on Chinese stock exchanges ended on Monday with an increase in quotations. The Shanghai Composite index, reflecting the situation on the Shanghai Stock Exchange, increased by 2.07%. compared with the results of the previous trading day, up to 3284.32 points.

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

15.10.2024

China's foreign trade over three quarters of 2024 grows by 5.3%

In the first three quarters of this year, the total volume of imports and exports of goods in China increased by 5.3%. in yuan in annual terms, official data showed on Monday.

According to the data of the State Statistical Office/GSU/PRC, the volume of trade in goods increased to 32.33 trillion...

In the first three quarters of this year, the total volume of imports and exports of goods in China increased by 5.3%. in yuan in annual terms, official data showed on Monday.

According to the data of the State Statistical Office/GSU/PRC, the volume of trade in goods increased to 32.33 trillion...