The Ministry of Employment and Labour Relations announced the unemployment rate, which amounted to 8.9%over 9 months. In the capital of the republic, it amounted to 7.5%.

The agency’s message noted that in September 2019, the National Scientific Centre for Employment and Labour Protection carried out the next sociological survey in...

The 25th session of the Committee on Environmental Policy of the United Nations Economic Commission for Europe (ECE) took place in Geneva, in which the delegation of Uzbekistan headed by the chairman of the State Committee for Ecology and Environmental Protection took part Wednesday B. Kuchkarov, Dunyo reported.

As part of...

Last week, the World Bank’s Board of Executive Directors today approved a US$100 million credit from the International Development Association (IDA) for the Prosperous Villages Project in Uzbekistan. The project will improve the quality of basic infrastructure and communal services. Village residents will collectively decide which priorities to receive funding.

“This...

Joint exercises of the mountain troops of the Armed Forces of Kazakhstan and Uzbekistan was led by the Department of Special Operations Forces in Uzbekistan, the Defense Ministry of Kazakhstan said.

From Kazakhstan, the military personnel of the Mountain Training Center of the Central Army Sports Club under the Kazakh Defense...

KPMG received the license of an investment adviser in Uzbekistan, the press service of the Agency for the Development of the Capital Market said.

Now the company will be able to work with enterprises as a licensed participant in the country's securities market.

At the International Conference The Role of the Capital...

Georgian TBC Bank has officially applied for a banking license in Uzbekistan. This was announced on November 15 in London by the financial director, deputy general director and executive director of TBC Bank Group, Georgy Shagidze.

According to him, there was a delay in the application process, which was associated with...

The WB Board of Executive Directors has approved a $100 million loan to the Government of Uzbekistan from the International Development Association (IDA, an organization within the World Bank Group).

These funds will be directed to the implementation of the project “Obod qishloq” (“Prosperous village”). It aims to improve the quality...

A few days ago, an event was held at the Central Bank of the Republic of Uzbekistan with the participation of State Advisor to the President of the Republic of Uzbekistan R. Gulamov and Chairman of the Senate Committee of the Oliy Majlis on budget and economic reforms M. Jumagaldiyev,...

A training course for tax officials on changes in tax legislation on the administration of value added tax was held at the State Tax Committee. This was reported by the press service of the State Tax Committee.

The event was held in the form of a video conference call with the...

Deputy Finance Minister Dilshod Sultanov named three main business complaints regarding the tax authorities: corruption, incompetent employees and inspections, Kun.uz correspondent reports. 

“The first thing that confuses business is tax audits and the powers of tax authorities. I would like to state: we have analyzed all our past mistakes, all our...

An international investment forum “International Investment Forum Karakalpakstan” was held in Nukus.

The two-day forum was attended by representatives of international organizations from about ten countries, including South Korea, the Russian Federation, the People’s Republic of China, Saudi Arabia, Pakistan, Afghanistan, Kazakhstan and Azerbaijan.

At the opening ceremony of the forum, the...

On 20 November, the Second Interim Session of the Council of Foreign Investors under the President of the Republic of Uzbekistan will be held in Tashkent.

The session of the Council is organized by the Ministry of Investments and Foreign Trade of the Republic of Uzbekistan together with the European Bank...

Fitch Ratings has assigned Uzbek Industrial and Construction Bank Joint-Stock Commercial Bank (UICB) planned senior unsecured Eurobond issue an expected long-term rating of ‘BB-(EXP)’.

Assigning final ratings to the issue is contingent upon receipt by Fitch of the final documentation conforming to the information already received from the issuer.

UICB’s first US...

S&P Global Ratings today assigned its ‘BB-’ long-term issue rating to the U.S. dollar-denominated senior unsecured notes to be issued by Uzbekistan-based Uzpromstroybank (Uzbek Industrial and Construction Bank). “The rating is subject to our analysis of the notes’ final documentation,” the agency said.

The ‘BB-’ issue rating on the proposed notes...

The U.S. dollar was little-changed against a basket of currencies on Tuesday as continued lack of clarity on the fate of the U.S.-China trade talks kept investors cautious. The dollar index, which compares the dollar against six major currencies, was up 0.01%. The index has shed 0.6% over the last...

The U.S. dollar was little-changed against a basket of currencies on Tuesday as continued lack of clarity on the fate of the U.S.-China trade talks kept investors cautious. The dollar index, which compares the dollar against six major currencies, was up 0.01%. The index has shed 0.6% over the last...

As of November 19, 13,700 t (84.2 km) of pipes were shipped and 9,900 t (60.5 km) were delivered; 17.3 km of trenches were dug, 22.8 km of pipes were welded into a sting and 3.1 km of pipes were laid.

Over the past day, 600 t (3.5 km) of pipes...

Oil fell for a second day on Tuesday, dropping below $62 a barrel on limited progress toward resolving the U.S.-China trade dispute, higher than expected Norwegian oil output and forecasts of rising U.S. crude inventories.

A Chinese government source was quoted by CNBC on Monday as saying there was gloom in...

British prompt wholesale gas prices were mostly lower on Tuesday morning amid expectations of weakening demand in the coming days.

Within-day gas price fell 0.15 p at 39.00 p/therm by 0954 GMT, while weekend gas was down 0.50 p at 37.00 p/therm.

Temperatures are expected to get start rising from Wednesday, which...

Chicago corn rose on Tuesday on buying interest after hitting a two-month low on Monday, with the slow pace of U.S. harvesting lending support.

Soybeans also rose on bargain-hunting after hitting a seven-week low on Monday, while firmer Black Sea prices helped support wheat. Gains were limited by renewed doubts over...

Gold prices were subdued on Tuesday as Washington granted an extension for U.S. companies to continue doing business with Chinese company Huawei, a move that markets took as a sign of progressing U.S.-China trade relations.

Spot gold eased 0.1% to $1,469.76 per ounce as of 10:13 a.m. ET (1513 GMT), slightly...

Copper rose on Tuesday on hopes a trade deal could be reached between the United States and China, but gains were capped by concern that a full agreement was some way off.

Three-month copper on the London Metal Exchange (LME) was bid up 0.2% to $5,841 a tonne after failing to...

Uzbekistan is expanding cooperation with the United States of America at the regional level. Recently, a return visit of the mayor of Zarafshan to Clinton, Mississippi, took place.

During the working visit, the district’s administration headAnvar Rajabov met with the mayor, as well as with the state commissioner for agriculture and...

Uzbekistan in January-October 2019 imported cars for $297.1 million, according to the State Statistics Committee.

Compared to the same period last year, imports grew by 49.1%. The growth rate compared to the first half of 2019 decreased significantly.

At the beginning of the year, the volume of imports of foreign cars was...

Russia’s VTB bank, which is expanding in commodities in a bid to create a national grains champion, will exit the sector once it has built up the assets in the next few years, its CEO told Reuters.

Andrey Kostin also said in an interview that VTB plans to start trading wheat...

The rouble gained on Tuesday, with local taxes propping up demand for roubles and protecting the Russian currency from discouraging news regarding U.S-China trade talks.

At 0745 GMT, the rouble was 0.1% stronger against the dollar at 63.79 and had gained 0.1% to trade at 70.65 versus the euro.

CNBC had reported...

China stocks rose the most in two weeks on Tuesday, as a cut in a key interbank funding rate on Monday bolstered hopes for more government stimulus to prop up slowing growth. The blue-chip CSI300 index rose 1.0%, to 3,947.04, while the Shanghai Composite Index gained 0.9%, to 2,933.99.

The People’s...

China's fiscal revenue increased 3.8 percent year-on-year to around 16.77 trillion yuan ($2.39 trillion) in the first 10 months of 2019, data showed Tuesday.

The central government collected about 8.07 trillion yuan in revenue during the period, up 4.4 percent year-on-year, while local governments saw revenue up 3.3 percent to about...

China continues to see an uptrend in foreign direct investment (FDI) inflow as investors remain bullish on tapping into a huge market with growing ease of doing business.

Monday's data from the Ministry of Commerce (MOC) showed that FDI into the Chinese mainland expanded 6.6 percent year-on-year to 752.41 billion yuan...

International Monetary Fund (IMF) has said that Turkmenistan's GDP will grow by 6.3 percent in 2019, according to the IMF mission’s press release, published on the Fund’s website.

IMF mission led by Natalia Tamirisa visited Ashgabat during November 5-12, 2019 to assess recent developments and discuss economic and financial policy priorities with senior government...

Date: November 20, 2019; Source: Bloomberg.com

Energy

Precious and Industrial Metals

Agriculture

Date: November 20, 2019; Source: the Central Bank of Uzbekistan