As of 20:00 on 23 November 2020, the number of registered cases of coronavirus infections in Uzbekistan made up 71,774 (+61).

One coronavirus patient died yesterday, bringing the total number to 604.

Thus, 69,054 (+139) people with coronavirus infection have been cured in our country, and the recovery rate is 96%.

Currently, 2116...

The total market capitalisation of the Toshkent Republican Stock Exchange as of November 1, 2020, amounted to 52.55 trillion soum (more than $5 billion), the Capital Market Development Agency reported.

In the first 10 months of 2020, 30,489 transactions with securities of 96 companies were recorded for 421.1 billion soum at...

In 2020, the Ministry of Innovative Development allocated 604.6 billion soum in budget funds for the science sector. Of these, 428.2 billion soum (71%) were directed to state programs for scientific activities, 95.2 billion soums (16%) - for supplements for doctoral studies and academic degrees, and the remaining 81.2 billion...

Risk appetite in currency markets was boosted by progress towards a COVID-19 vaccine rollout even as PMI data showed a sharp contraction in euro zone business activity as a result of lockdown restrictions.

AstraZeneca on Monday said that its vaccine could be about 90% effective and it will prepare to submit...

Investors scooped up stocks, commodities and emerging-market currencies and gave the dollar a wide berth as AstraZeneca and Oxford University provided markets with their now-regular Monday shot of encouraging COVID-19 vaccine news.The STOXX index of Europe’s 600 largest firms rose to its highest since February, Wall Street was pointing up...

Uzbekneftegaz together with the State Development Corporation VEB.RF are working on the issue of financing the second stage of the program to increase the production of hydrocarbons.

Within the framework of the visit of the management of Uzbekneftegaz to the city of Moscow, a meeting was held with representatives of the...

Chairman of the Board of Uzbekneftegaz Mehriddin Abdullayev during his visit to the city of Moscow (Russia), held talks with Deputy Chairman of the Board of Gazprombank Alexey Belous.

During the negotiations, the main conditions for attracting loans from a Russian bank were discussed as part of financing the second stage...

Due to the sharp drop in air temperature in Uzbekistan, the daily consumption of natural gas in recent days has increased from 46 to 70 million cubic metres, which significantly increased the load on the operation of networks, gas distribution equipment and dispatch services of the units of Khududgaztaminot.

According to...

It was revealed that gas consumption by some subscribers reaches 7,000 cubic meters of gas a month, while according to the technical projects of gasification of these households, the average consumption should not exceed 1000 cubic meters of gas per month. This was stated by Tokhir Turdiev, Deputy Chairman of...

Oil prices rose more than 1% on Monday, extending last week’s gains as traders anticipated coronavirus vaccine trials would spur a recovery in demand.

Sentiment was also bolstered by expectations that the Organization of the Petroleum Exporting Countries (OPEC), Russia and other producers, a group known as OPEC+, would extend a...

In October 2020, compared to October 2019, consumer prices for goods and services in the EAEU as a whole increased by 4.5%, compared to September 2020, by 0.5%, according to the information of the Eurasian Economic Commission.

It is noted that in October consumer prices rose in all the EAEU countries.

At...

According to the information service of the Uzbek National Commodity and Raw Materials Exchange, UzEX has opened the first foreign trading platform in the city of Kiev. Its founder was the Ukrainian company TRADE-BB.

The opening and registration of the foreign trading platform took place during the business visit of the...

The Cabinet of Ministers adopted a resolution on the introduction of a mandatory digital labelling system for certain types of goods. This was reported by the press service of the State Tax Committee.

The document approves the phased implementation of a mandatory digital marking system for certain types of products. In...

The State Tax Committee (STC) has developed a unified electronic classifier of goods (works, services), sold in Uzbekistan, in test mode. This was reported by the press service of the committee.

The classifier is designed to ensure a systematic and consistent exchange of electronic data between business entities.

Business entities will be...

In September 2020, compared to September 2019, the prices of agricultural producers in the EAEU as a whole increased by 4.3%. This is stated in the information of the Eurasian Economic Commission dated October 28, 2020.

In June 2020, prices increased by 1.7% compared to June 2019.

Reported by Tazabek (Kyrgyzstan)

Diet lamb without a specific smell will appear in Uzbekistan. Jizzax Organic, the largest agricultural cluster of Uzbekistan, will be engaged in its production.

In November 2020, the national cluster brought to Uzbekistan 2,100 Dorper sheep and rams from Australia. These animals are unpretentious in food and tolerate hot, arid climate...

The Ministry of Energy of Uzbekistan, analyzing appeals on the Internet regarding the shutdown of gas supply to greenhouses, recalls that the transfer to alternative fuel sources in the autumn-winter period is envisaged in their contracts.

Greenhouses are seasonal consumers of natural gas, which is reflected in their contracts with gas...

The official launch of a trade and information portal took place recently, which opens up wide opportunities for intraregional and international trade for agricultural producers and gives a chance for positive changes in local systems of agricultural production and production of non-timber forest products in Kyrgyzstan, Tajikistan and Uzbekistan.

This trade...

Russian wheat export prices fell last week after two weeks of growth amid stable wheat prices in Chicago, a global benchmark for this market, analysts said on Monday. Russian wheat with 12.5% protein loading from Black Sea ports and for supply in December was at $252 a tonne free on...

Chicago soybean futures rose to their highest in 4-1/2 years on Monday, touching $12 a bushel as dry weather in key suppliers Brazil and Argentina stoked supply concerns.

Corn and wheat also rose, supported by supply worries and brisk demand.

Chicago Board of Trade most-active soybeans rose 1.3% to $11.96-1/2 a bushel...

Gold prices eased on Monday as drugmaker AstraZeneca injected fresh optimism into the race for a COVID-19 vaccine, bolstering appetite for riskier assets and overshadowing support for bullion from a weaker dollar.

Spot gold fell 0.3% to $1,865.20 per ounce by 1145 GMT and U.S. gold futures fell 0.5% to $1,863.30.

Britain's...

London copper prices on Monday retreated from a 29-month peak touched in the previous session amid thin trade, as rising coronavirus cases globally tempered optimism over a rollout of vaccines.

Most major economies, other than top metals consumer China, are nearing record levels of borrowing to cover their COVID-19 costs, Kingdom...

The Ministry of Energy of Uzbekistan issued a statement according to which the only possible way for the consistent development of the country's economy is a gradual transition of industrial enterprises to alternative energy sources, coal or liquefied gas.

Bad news. But there is also a good one. The ministry is...

A Kazakh-Uzbek textile factory was opened in Turkestan. Prime Ministers of the two countries Askar Mamin and Abdulla Aripov met in the city to launch the joint venture Turkistan Textile.

"The garment factory is located on an area of 2 hectares in the industrial zone of Turkmenistan. The volume of investments...

In the October review of the Centre for Economic Research and Reforms, experts conducted an empirical search for factors influencing the price of a car in Uzbekistan on the secondary market.

The purpose of this study is to assess the degree of influence of various characteristics of cars on the prices...

Intercity bus services from Tashkent to the regions of Uzbekistan will resume from 24 November. This was reported by the press service of the capital's bus station.

As a reminder, intercity bus services were suspended from 19 November due to weather conditions.

It should be reminded that on 18 November snow fell...

Trading dynamics on Friday were mixed. The growth leaders were shares of DVMP (FESH 12.15, +4.11%) and Detsky Mir (DSKY 126.16, +2.49%). HeadHunter papers were the outsiders (HHRU 1 889.4, -4.84%). The USD/RUB pair was trading in the range of 76-77.

Investor capital inflows are increasing. Inflows to funds focused on...

In the coming week, several factors can be identified that can have an impact on world markets.

So, investors will continue to monitor the situation with the spread of coronavirus. Players fear that quarantine restrictions will continue to tighten in Europe and the United States, which will negatively affect the pace...

The Russian government has approved the concept of restructuring developmental institutions, in accordance with which a single development institution will be created in Russia on the basis of the state corporation VEB.RF. In addition, the reform involves uniting institutions with similar activities and preserving institutions with special goals, according to...

The rouble firmed on Monday and Russian stocks climbed to month-long highs, as general optimism over vaccines against COVID-19 supported oil prices and risk assets, even as infections ticked up around the world.

At 0738 GMT, the rouble was 0.6% stronger against the dollar at 75.78 and had gained 0.5% to...

China's blue-chip index on Monday ended at its highest in more than five years, led by gains in materials and energy stocks, as hopes of a vaccine-led recovery boosted risk appetite.

The blue-chip CSI300 index rose 1.3% to 5,005.03, its highest closing level since June 17, 2015, while the Shanghai Composite...

China's commercial banks saw a net forex settlement surplus of 87.1 billion yuan ($13.24 billion) in October, the country's forex regulator said on Friday.

Forex purchases by banks stood at 1.03 trillion yuan last month, while sales came in at 940.8 billion yuan, data from the State Administration of Foreign Exchange...

The total bond issuance in China stood at 4.8 trillion yuan ($729.6 billion) in October, data from the central bank showed.

The issuance of treasury bonds reached 783.11 billion yuan, while the issuance of local government bonds stood at 442.93 billion yuan, according to the People's Bank of China.

Last month, financial...

China's cargo throughput at ports posted stable growth in the first 10 months of 2020, expanding 3.7 percent year-on-year to 11.93 billion tonnes, official data shows.

At the beginning of 2020, the Ministry of Transport expanded the statistical range from major ports to all ports across the country.

Foreign-trade cargo throughput stood...

Date: November 24, 2020; Source: Bloomberg.com

Date: November 24, 2020; Source: the Central Bank of Uzbekistan