On 15-16 October, a meeting of the Council of Prime Ministers of the Shanghai Cooperation Organization (SCO) member states was held in Islamabad, Pakistan. On October 16, Prime Minister of Uzbekistan Abdulla Aripov attended the summit.
The event was chaired by Prime Minister of the Islamic Republic of Pakistan Shahbaz Sharif and included participation from Prime Minister of Belarus Roman Golovchenko, Minister of External Affairs of India Subrahmanyam Jaishankar, Minister of Industry, Mining, and Trade of Iran Mohammad Atabak, Prime Minister of Kazakhstan Olzhas Bektanov, Premier of the State Council of China Li Qiang, Prime Minister of Kyrgyzstan Akylbek Japarov, Chairman of the Government of Russia Mikhail Mishustin, Prime Minister of Tajikistan Kohir Rasulzoda, SCO Secretary-General Zhang Ming, and Director of the Executive Committee of the SCO Regional Anti-Terrorist Structure Ruslan Mirzaev.
Observers and distinguished guests included Prime Minister of Mongolia Luvsannamsrain Oyun-Erdene, Deputy Chairman of the Cabinet of Ministers - Minister of Foreign Affairs of Turkmenistan Rashid Meredov, Deputy Secretary-General of the CIS Denis Trefilov, and Deputy Secretary-General of the Council for Cooperation and Confidence-Building Measures in Asia Zhang Lin.
The meeting focused on the deteriorating international situation, declining mutual trust among states, increasing contradictions and competition, and threats to ecology, food, and energy security, which intensify geopolitical tensions.
In his speech at the SCO summit in Astana, President of Uzbekistan Shavkat Mirziyoyev noted, "In such difficult conditions, it is crucial to maintain and strengthen adherence to the principles laid down at the foundation of the SCO. Thanks to these principles, the Organization has achieved today’s successes, gaining high authority and a stabilizing role in international affairs."
The Prime Minister of Uzbekistan emphasized that, considering the enormous economic potential of our countries, coordinated efforts will strengthen multifaceted partnerships within the Organization. He urged support for the proposals and initiatives voiced by the head of Uzbekistan at the Council of Heads of State meeting of the SCO in Astana.
It was highlighted that joint measures should be taken to eliminate trade barriers, align technical regulations and certification systems, and enhance phytosanitary and veterinary controls.
To stimulate mutual investments, particularly in infrastructure, high-tech industries, and services, it was proposed to develop comprehensive measures and create an effective platform for business dialogue by organizing an annual international industrial exhibition, SCO EXPO.
Special attention was given to the projects for the construction of the China-Kyrgyzstan-Uzbekistan railway and the Trans-Afghan Corridor.
The meeting also noted that Uzbekistan is implementing a comprehensive program for the accelerated development of "green" energy. In particular, new capacities for producing around 2 GW of solar and wind energy are being introduced annually, and practical work has begun on producing "green" hydrogen in industry.
Considering the trend towards low-carbon development, it was proposed to develop a wide-ranging cooperation plan to attract investments and technologies in renewable energy sources with the assistance of the energy ministries of our countries.
The meeting discussed the development of the IT sector and digital technologies, improving living standards, ensuring food security, combating climate change, and strengthening mutual trust, good neighborliness, and friendship.
Reported by the Uzbekistan Daily.
Uzbekistan is effectively collaborating with the International Labour Organization (ILO). It is no exaggeration to say that the election of our country to the ILO Governing Body represents further global recognition of the initiatives and efforts of President Shavkat Mirziyoyev in this area.
During her official visit to Geneva, Chairperson of...
Uzbekistan is effectively collaborating with the International Labour Organization (ILO). It is no exaggeration to say that the election of our country to the ILO Governing Body represents further global recognition of the initiatives and efforts of President Shavkat Mirziyoyev in this area.
During her official visit to Geneva, Chairperson of...
Uzbekistan’s Ambassador Abat Faizullaev met with Fabrizio Saggio, the diplomatic advisor to the Chairman of the Council of Ministers of Italy, according to the Dunyo News Agency.
During the negotiations, the Italian side noted with satisfaction that the strategic partnership between the two countries is developing steadily and gaining practical content,...
Uzbekistan’s Ambassador Abat Faizullaev met with Fabrizio Saggio, the diplomatic advisor to the Chairman of the Council of Ministers of Italy, according to the Dunyo News Agency.
During the negotiations, the Italian side noted with satisfaction that the strategic partnership between the two countries is developing steadily and gaining practical content,...
From 13 to 16 October, a delegation from the United Arab Emirates, led by representatives of the Abu Dhabi Chamber of Commerce and Industry, visited the Republic of Uzbekistan for a working visit.
On 14 October, as part of this visit, the Uzbek-Emirati Business Forum was held, along with B2B bilateral...
From 13 to 16 October, a delegation from the United Arab Emirates, led by representatives of the Abu Dhabi Chamber of Commerce and Industry, visited the Republic of Uzbekistan for a working visit.
On 14 October, as part of this visit, the Uzbek-Emirati Business Forum was held, along with B2B bilateral...
On 16 October 2024, a business forum aimed at enhancing cooperation between Uzbekistan and Kuwait was held in Tashkent.
During the event, Deputy Minister of Investments, Industry, and Trade of Uzbekistan Akram Aliyev emphasized the importance of mutually beneficial cooperation with Kuwaiti companies, highlighting successful projects in healthcare, agriculture, and tourism.
Speeches...
On 16 October 2024, a business forum aimed at enhancing cooperation between Uzbekistan and Kuwait was held in Tashkent.
During the event, Deputy Minister of Investments, Industry, and Trade of Uzbekistan Akram Aliyev emphasized the importance of mutually beneficial cooperation with Kuwaiti companies, highlighting successful projects in healthcare, agriculture, and tourism.
Speeches...
A meeting was held at the National Agency for Prospective Projects to discuss the development of a national framework for green sukuk in Uzbekistan, organized in collaboration with UNDP.
The meeting included representatives from the Ministry of Economy and Finance, the Central Bank of Uzbekistan, the Republican Stock Exchange "Tashkent," and...
A meeting was held at the National Agency for Prospective Projects to discuss the development of a national framework for green sukuk in Uzbekistan, organized in collaboration with UNDP.
The meeting included representatives from the Ministry of Economy and Finance, the Central Bank of Uzbekistan, the Republican Stock Exchange "Tashkent," and...
TBC Bank Uzbekistan, the country’s largest mobile-only bank, has secured a new US$10 million credit line from Switzerland-based impact asset manager responsAbility Investments AG.
This is the third credit line agreement between the two entities, bringing the total funding for TBC Uzbekistan from responsAbility to US$35 million. The funding will support...
TBC Bank Uzbekistan, the country’s largest mobile-only bank, has secured a new US$10 million credit line from Switzerland-based impact asset manager responsAbility Investments AG.
This is the third credit line agreement between the two entities, bringing the total funding for TBC Uzbekistan from responsAbility to US$35 million. The funding will support...
The volume of export freight shipments from Uzbekistan to Russia has surged by 64% in the third quarter of this year, as Russian importers shift their focus to Uzbek suppliers due to payment complications with China.
According to the cargo transport exchange ATI.SU., the third quarter saw a significant 71% year-on-year...
The volume of export freight shipments from Uzbekistan to Russia has surged by 64% in the third quarter of this year, as Russian importers shift their focus to Uzbek suppliers due to payment complications with China.
According to the cargo transport exchange ATI.SU., the third quarter saw a significant 71% year-on-year...
Ifoda Agro Kimyo Himoya, one of Uzbekistan’s leading fertilizer producers, has inaugurated a new fertilizer production plant, marking a milestone in the country's agricultural sector. The opening ceremony featured attendees, including Änjali Kaur, Deputy Assistant Administrator of the United States Agency for International Development (USAID), and David Hoffman, USAID Mission Director in...
Ifoda Agro Kimyo Himoya, one of Uzbekistan’s leading fertilizer producers, has inaugurated a new fertilizer production plant, marking a milestone in the country's agricultural sector. The opening ceremony featured attendees, including Änjali Kaur, Deputy Assistant Administrator of the United States Agency for International Development (USAID), and David Hoffman, USAID Mission Director in...
A delegation from the representatives of the European Union in Uzbekistan and the United Nations Development Programme (UNDP), conducted field visits to various Innovation Groups (IGs) in the Ferghana region, focusing on pioneering agricultural and aquacultural practices. The delegation included EU Ambassador to Uzbekistan H.E. Mr. Toivo Klaar, UNDP Resident...
A delegation from the representatives of the European Union in Uzbekistan and the United Nations Development Programme (UNDP), conducted field visits to various Innovation Groups (IGs) in the Ferghana region, focusing on pioneering agricultural and aquacultural practices. The delegation included EU Ambassador to Uzbekistan H.E. Mr. Toivo Klaar, UNDP Resident...
On 16 October, a meeting with the expert mission of the Kimberley Process took place in Tashkent, focusing on diamond trade and the prevention of "conflict diamond" trade.
During the event, Uzbekistan reaffirmed its commitment to participating in the Kimberley Process, recognizing it as a crucial step toward responsible and transparent...
On 16 October, a meeting with the expert mission of the Kimberley Process took place in Tashkent, focusing on diamond trade and the prevention of "conflict diamond" trade.
During the event, Uzbekistan reaffirmed its commitment to participating in the Kimberley Process, recognizing it as a crucial step toward responsible and transparent...
On October 16, the price of gold in Uzbekistan saw a significant increase, with the cost of a gram exceeding 1.1 million som. Current quotes indicate that a 5-gram gold bar is priced at 5 million 625 thousand UZS, while the international market lists the price of one ounce of...
On October 16, the price of gold in Uzbekistan saw a significant increase, with the cost of a gram exceeding 1.1 million som. Current quotes indicate that a 5-gram gold bar is priced at 5 million 625 thousand UZS, while the international market lists the price of one ounce of...
JSC Thermal Power Stations is implementing 11 major investment projects with a total value of US$3.2 billion. Upon completion of these projects, the power capacity of the plants will increase by 2.3 GW, meeting the country’s growing energy needs.
In 2024, it is planned to utilize US$616.9 million from all funding...
JSC Thermal Power Stations is implementing 11 major investment projects with a total value of US$3.2 billion. Upon completion of these projects, the power capacity of the plants will increase by 2.3 GW, meeting the country’s growing energy needs.
In 2024, it is planned to utilize US$616.9 million from all funding...
During the World Chambers Federation Europe & Asia Summit in Istanbul, a meeting was held between Davron Vakhabov, Chairman of the Uzbekistan Chamber of Commerce and Industry, and Daniel Tish Echevarria, President and Chief Executive Officer of the Greater Sudbury Chamber of Commerce in Ontario, Canada.
During the meeting, the parties...
During the World Chambers Federation Europe & Asia Summit in Istanbul, a meeting was held between Davron Vakhabov, Chairman of the Uzbekistan Chamber of Commerce and Industry, and Daniel Tish Echevarria, President and Chief Executive Officer of the Greater Sudbury Chamber of Commerce in Ontario, Canada.
During the meeting, the parties...
From 7 to 11 October, a delegation from the Ministry of Ecology, Environmental Protection, and Climate Change of the Republic of Uzbekistan, led by Deputy Minister Iskandar Kutbiddinov, visited Seoul, the capital of the Republic of Korea.
The purpose of the visit was to establish promising avenues for cooperation in the...
From 7 to 11 October, a delegation from the Ministry of Ecology, Environmental Protection, and Climate Change of the Republic of Uzbekistan, led by Deputy Minister Iskandar Kutbiddinov, visited Seoul, the capital of the Republic of Korea.
The purpose of the visit was to establish promising avenues for cooperation in the...
Russia’s delivery company Ozon has begun attracting local sellers to sell through its platform. The company has launched operations at its first sorting center in Tashkent and has opened applications for franchise pickup points across the country.
In the initial phase, local sellers have access to two sales schemes for exporting...
Russia’s delivery company Ozon has begun attracting local sellers to sell through its platform. The company has launched operations at its first sorting center in Tashkent and has opened applications for franchise pickup points across the country.
In the initial phase, local sellers have access to two sales schemes for exporting...
On 16 October 2024, at the Central Asia Retail Week 2024 international forum in Tashkent, a memorandum of cooperation was signed between the marketplace Ozon and the Ministry of Investments, Industry, and Trade (MIIT) of the Republic of Uzbekistan. The agreement was concluded in the presence of representatives from the...
On 16 October 2024, at the Central Asia Retail Week 2024 international forum in Tashkent, a memorandum of cooperation was signed between the marketplace Ozon and the Ministry of Investments, Industry, and Trade (MIIT) of the Republic of Uzbekistan. The agreement was concluded in the presence of representatives from the...
Small and medium-sized enterprises (SMEs) continue to borrow, but less actively than before, according to data from the Bank of Russia. By the end of August, the growth of the SME loan portfolio in annual terms amounted to 28.3% against 29% in July. In total, in January-August, banks provided loans...
Small and medium-sized enterprises (SMEs) continue to borrow, but less actively than before, according to data from the Bank of Russia. By the end of August, the growth of the SME loan portfolio in annual terms amounted to 28.3% against 29% in July. In total, in January-August, banks provided loans...
The Russian stock market, after a slight hitch at the beginning of trading, began to grow again. But on Wednesday the bulls turned out to be weak, and by the middle the indices went into a slight minus. By 14.10 Moscow time, the Moscow Stock Exchange index was losing 0.35%...
The Russian stock market, after a slight hitch at the beginning of trading, began to grow again. But on Wednesday the bulls turned out to be weak, and by the middle the indices went into a slight minus. By 14.10 Moscow time, the Moscow Stock Exchange index was losing 0.35%...
The growth rate of economic activity in Russia in the 3rd quarter slowed down compared to the 1st half of the year, demand for retail loans is cooling, according to the bulletin "What trends say" prepared by the Department of Research and Forecasting of the Central Bank.
"Economic growth in the...
The growth rate of economic activity in Russia in the 3rd quarter slowed down compared to the 1st half of the year, demand for retail loans is cooling, according to the bulletin "What trends say" prepared by the Department of Research and Forecasting of the Central Bank.
"Economic growth in the...
Maintaining exports of coal, oil, and gas requires increasing efforts and even ingenuity from Russia. At the same time, even supplies to China are not guaranteed for us: sluggish demand and signs of de-escalation of the Middle East conflict have provoked a sharp decline in oil prices, which has been...
Maintaining exports of coal, oil, and gas requires increasing efforts and even ingenuity from Russia. At the same time, even supplies to China are not guaranteed for us: sluggish demand and signs of de-escalation of the Middle East conflict have provoked a sharp decline in oil prices, which has been...
Russia and China are strengthening economic cooperation and despite unprecedented external pressure launching joint investment projects, Russian Prime Minister Mikhail Mishustin said.
"Despite unprecedented external pressure, Russia and China are strengthening economic cooperation, we are increasing the volume of mutual trade, launching joint investment projects. The partnership in the energy sector...
Russia and China are strengthening economic cooperation and despite unprecedented external pressure launching joint investment projects, Russian Prime Minister Mikhail Mishustin said.
"Despite unprecedented external pressure, Russia and China are strengthening economic cooperation, we are increasing the volume of mutual trade, launching joint investment projects. The partnership in the energy sector...
In its October report, the International Energy Agency (IEA) lowered its estimate of global oil demand growth in 2024. The reason is the continued slowdown in the growth of oil consumption in China. If China accounted for about 70% of the increase in demand last year, only 20% is expected...
In its October report, the International Energy Agency (IEA) lowered its estimate of global oil demand growth in 2024. The reason is the continued slowdown in the growth of oil consumption in China. If China accounted for about 70% of the increase in demand last year, only 20% is expected...
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 weakened by 361 basis points to 7,1191 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 weakened by 361 basis points to 7,1191 yuan per dollar.
On the previous trading day, the exchange rate of the yuan against the...
Among the foreign visitors to the Turfan Museum in the Xinjiang Uygur Autonomous Region /XUAR/ in northwestern China, Moriyasu Chikazawa listened attentively, often photographing the exhibits.
"In my opinion, Turfan is a small desert town with numerous vineyards. But here I saw a city with many beautiful residential buildings and a...
Among the foreign visitors to the Turfan Museum in the Xinjiang Uygur Autonomous Region /XUAR/ in northwestern China, Moriyasu Chikazawa listened attentively, often photographing the exhibits.
"In my opinion, Turfan is a small desert town with numerous vineyards. But here I saw a city with many beautiful residential buildings and a...
