On 23 May, a telephone conversation took place between the President of the Republic of Uzbekistan Shavkat Mirziyoyev and the First President of the Republic of Kazakhstan Nursultan Nazarbayev.
The Head of the state expressed sincere gratitude to the First President of Kazakhstan for full-fledged support and personal contribution to the development and consolidation of Uzbekistan – Kazakhstan friendship, good neighborliness and multidimensional cooperation.
It was stressed that owing to joint efforts, the traditionally close relations between the two countries have reached a qualitatively new level over the past few years, they are filled with solid practical substance.
Fruitful results of the first state visit by the President of Kazakhstan Kassym-Jomart Tokayev to Uzbekistan this April, which once again demonstrated the continuity of Elbasy’s foreign policy course, was noted with high delight.
Shavkat Mirziyoyev and Nursultan Nazarbayev discussed during the telephone conversation the pressing issues in bilateral relations, as well as those in the international and regional agenda.
They paid priority attention to the implementation of agreements in trade and economic sphere, building up the cooperation at the level of leading enterprises and businesses in industry, energy, transport and other sectors.
The dynamic growth and diversification of the structure of mutual trade were positively evaluated. In 2018, the trade turnover exceeded 3 billion US dollars, while the aim for the next period is 5 billion dollars at minimum.
Shavkat Mirziyoyev and Nursultan Nazarbayev noted the importance of continuing intensive interregional contacts designed for the effective use of broad economic opportunities and great potential in the cultural and humanitarian sphere, including within the framework of the Year of Kazakhstan in Uzbekistan.
The decisive role of the Joint Intergovernmental Commission on Bilateral Cooperation, which is now headed by the prime ministers of the two countries, was emphasized.
In conclusion, Shavkat Mirziyoyev and Nursultan Nazarbayev reaffirmed shared desire and strong commitment to bolster the strategic partnership and mutually beneficial cooperation between Uzbekistan and Kazakhstan for the benefit of two fraternal peoples, in the interests of stability and sustainable development in Central Asia.
By UzDaily.
The law on regulation of the Legislative Chamber of Uzbekistan has been amended.
Redistribution of powers occurred in the Lower Chamber of the parliament. The Speaker of the Legislative Chamber will personally define the committee responsible for preliminary consideration of the draft law, determine the documents to be submitted to him...
The law on regulation of the Legislative Chamber of Uzbekistan has been amended.
Redistribution of powers occurred in the Lower Chamber of the parliament. The Speaker of the Legislative Chamber will personally define the committee responsible for preliminary consideration of the draft law, determine the documents to be submitted to him...
On the portal of discussions of normative-legal acts, a new edition of the draft law on local government has been publicized. The bill has been developed by the Ministry of Justice.
It should be recalled that the law on local government was adopted in September 1993. Unlike the old document, the...
On the portal of discussions of normative-legal acts, a new edition of the draft law on local government has been publicized. The bill has been developed by the Ministry of Justice.
It should be recalled that the law on local government was adopted in September 1993. Unlike the old document, the...
On May 22, 2019, the Minister of Employment and Labour Relations of the Republic of Uzbekistan Sherzod Kudbiyev reported on the work done in the first quarter of 2019 to ensure employment and create new jobs at the extended meeting of the Committee on Labour and Social Issues under the...
On May 22, 2019, the Minister of Employment and Labour Relations of the Republic of Uzbekistan Sherzod Kudbiyev reported on the work done in the first quarter of 2019 to ensure employment and create new jobs at the extended meeting of the Committee on Labour and Social Issues under the...
On 22 May, Deputy Prime Minister Aziz Abdukhakimov held a meeting with renowned American economist Jeffrey David Sachs, a professor at Columbia University.
Jeffrey Sachs is director of the Center for Sustainable Development at Columbia University, and special advisor to the UN Secretary-General on Sustainable Development Goals (www.jeffsachs.org).
The meeting was also...
On 22 May, Deputy Prime Minister Aziz Abdukhakimov held a meeting with renowned American economist Jeffrey David Sachs, a professor at Columbia University.
Jeffrey Sachs is director of the Center for Sustainable Development at Columbia University, and special advisor to the UN Secretary-General on Sustainable Development Goals (www.jeffsachs.org).
The meeting was also...
The weighted average interest rate on bank loans in national currency increased to 24.3% in March, according to a review of the monetary policy of the Central Bank of Uzbekistan for the first quarter of 2019. This is the highest value since the beginning of 2013.
The weighted average interest rate...
The weighted average interest rate on bank loans in national currency increased to 24.3% in March, according to a review of the monetary policy of the Central Bank of Uzbekistan for the first quarter of 2019. This is the highest value since the beginning of 2013.
The weighted average interest rate...
The Central Bank of Uzbekistan has issued a license to the subsidiary of Halyk Bank, Tenge Bank, for banking operations in the country.
"The Board of the Central Bank of Uzbekistan has decided to issue a license for the right to conduct banking operations to Tenge Bank," the report said.
In September...
The Central Bank of Uzbekistan has issued a license to the subsidiary of Halyk Bank, Tenge Bank, for banking operations in the country.
"The Board of the Central Bank of Uzbekistan has decided to issue a license for the right to conduct banking operations to Tenge Bank," the report said.
In September...
On May 22, a signing ceremony of a $5 million credit agreement was held in Tashkent between the European Bank for Reconstruction and Development and Uzbek Leasing International A.O. The loan is planned to be allocated to finance leasing projects for small and medium-sized businesses in Uzbekistan.
Uzbek Leasing International A.O....
On May 22, a signing ceremony of a $5 million credit agreement was held in Tashkent between the European Bank for Reconstruction and Development and Uzbek Leasing International A.O. The loan is planned to be allocated to finance leasing projects for small and medium-sized businesses in Uzbekistan.
Uzbek Leasing International A.O....
Two new departments were formed in the structure of the Ministry of Finance. The Ministry was assigned the function of coordinating the reform, restructuring of enterprises and banks with state participation. This is provided by the presidential decree of May 21.
On the basis of the Main Department of Finance and...
Two new departments were formed in the structure of the Ministry of Finance. The Ministry was assigned the function of coordinating the reform, restructuring of enterprises and banks with state participation. This is provided by the presidential decree of May 21.
On the basis of the Main Department of Finance and...
On May 21, a regular meeting of the Uzbek-German intergovernmental commission on financial and technical cooperation was held at the Ministry of Investment and Foreign Trade, the ministry’s press service reported.
The parties reviewed the progress of bilateral cooperation, identification of priority projects and programs for 2019-2020.
Following the talks, the task...
On May 21, a regular meeting of the Uzbek-German intergovernmental commission on financial and technical cooperation was held at the Ministry of Investment and Foreign Trade, the ministry’s press service reported.
The parties reviewed the progress of bilateral cooperation, identification of priority projects and programs for 2019-2020.
Following the talks, the task...
The dollar hit its highest level in two years and the yen rose half a percent on Thursday as economic and political uncertainties swept through Europe and Asia, pinning down the euro and the yuan.
Worries over German manufacturing, the impact of a trade war on Asian economies and deepening concerns...
The dollar hit its highest level in two years and the yen rose half a percent on Thursday as economic and political uncertainties swept through Europe and Asia, pinning down the euro and the yuan.
Worries over German manufacturing, the impact of a trade war on Asian economies and deepening concerns...
Uzbekistan plans to split up its state energy company amid efforts to boost efficiency, improve transparency, and attract foreign capital.
The overhaul comes as Central Asia’s most populous nation -- and one of the top three natural-gas producers in the former Soviet Union -- opens up after decades of isolation. The...
Uzbekistan plans to split up its state energy company amid efforts to boost efficiency, improve transparency, and attract foreign capital.
The overhaul comes as Central Asia’s most populous nation -- and one of the top three natural-gas producers in the former Soviet Union -- opens up after decades of isolation. The...
Oil prices dropped on Thursday, extending falls from the previous session as trade tensions dampened the demand outlook, putting the main benchmarks on course for their biggest daily and weekly falls in six months.
World shares were deep in the red as concerns grew the China-U.S. trade conflict was fast turning...
Oil prices dropped on Thursday, extending falls from the previous session as trade tensions dampened the demand outlook, putting the main benchmarks on course for their biggest daily and weekly falls in six months.
World shares were deep in the red as concerns grew the China-U.S. trade conflict was fast turning...
According to the State Statistics Committee, in January-April 2019, Uzbekistan led trade relations with more than 154 countries of the world. In particular, the foreign trade turnover of the republic in the reporting period amounted to $12,571.1 million and increased by $2,485.9 million (24.6%) compared to the same period last...
According to the State Statistics Committee, in January-April 2019, Uzbekistan led trade relations with more than 154 countries of the world. In particular, the foreign trade turnover of the republic in the reporting period amounted to $12,571.1 million and increased by $2,485.9 million (24.6%) compared to the same period last...
Chicago corn futures edged higher on Thursday and wheat rebounded as heavy rain in U.S. grain belts continued to pose risks to crops. Price movements were moderate, however, with corn and wheat holding below multi-month highs struck earlier this week.
Investors sought more indications about the impact of excess moisture on...
Chicago corn futures edged higher on Thursday and wheat rebounded as heavy rain in U.S. grain belts continued to pose risks to crops. Price movements were moderate, however, with corn and wheat holding below multi-month highs struck earlier this week.
Investors sought more indications about the impact of excess moisture on...
Gold prices firmed on Thursday, supported by a slide in equity markets amid fresh trade tensions, but a strong dollar kept a lid on gains as investors flocked to the safe-haven U.S. currency.
Spot gold was up 0.4% at $1,278.32 per ounce by 1213 GMT, after falling to its lowest since...
Gold prices firmed on Thursday, supported by a slide in equity markets amid fresh trade tensions, but a strong dollar kept a lid on gains as investors flocked to the safe-haven U.S. currency.
Spot gold was up 0.4% at $1,278.32 per ounce by 1213 GMT, after falling to its lowest since...
Copper prices in both London and Shanghai fell to their multi-month lows on Thursday amid an unresolved Sino-U.S. trade tension and after Chinese President Xi Jinping warned of difficult times ahead.
The U.S. is considering Huawei-like sanctions on Chinese video surveillance firm Hikvision over the country’s treatment of its Uighur Muslim...
Copper prices in both London and Shanghai fell to their multi-month lows on Thursday amid an unresolved Sino-U.S. trade tension and after Chinese President Xi Jinping warned of difficult times ahead.
The U.S. is considering Huawei-like sanctions on Chinese video surveillance firm Hikvision over the country’s treatment of its Uighur Muslim...
Copper prices in both London and Shanghai fell to their multi-month lows on Thursday amid an unresolved Sino-U.S. trade tension and after Chinese President Xi Jinping warned of difficult times ahead.
The U.S. is considering Huawei-like sanctions on Chinese video surveillance firm Hikvision over the country’s treatment of its Uighur Muslim...
Copper prices in both London and Shanghai fell to their multi-month lows on Thursday amid an unresolved Sino-U.S. trade tension and after Chinese President Xi Jinping warned of difficult times ahead.
The U.S. is considering Huawei-like sanctions on Chinese video surveillance firm Hikvision over the country’s treatment of its Uighur Muslim...
According to the press service of the President, at a recent meeting on the development of the electrical industry, increasing production and exports in the industry, the intention of the electronics industry of Uzbekistan to increase exports to $500 million by 2022 was announced.
Electrical industry occupies a special place in...
According to the press service of the President, at a recent meeting on the development of the electrical industry, increasing production and exports in the industry, the intention of the electronics industry of Uzbekistan to increase exports to $500 million by 2022 was announced.
Electrical industry occupies a special place in...
Uzbekistan seeks to ensure the growth of its economy and create the foundations for a successful business by reforming its energy sector. Uzbekistan plans to replace the existing electricity generation capacity with modern, efficient technologies that will allow the country to keep electricity costs low, while ensuring reliable energy supply....
Uzbekistan seeks to ensure the growth of its economy and create the foundations for a successful business by reforming its energy sector. Uzbekistan plans to replace the existing electricity generation capacity with modern, efficient technologies that will allow the country to keep electricity costs low, while ensuring reliable energy supply....
On May 22, President of Uzbekistan Shavkat Mirziyoyev signed a decree to accelerate the development of telecommunications infrastructure in the country's settlements. The purpose of the document is “elimination of negative factors affecting the accelerated development of telecommunications networks, ensuring the availability of electronic public services, as well as creating...
On May 22, President of Uzbekistan Shavkat Mirziyoyev signed a decree to accelerate the development of telecommunications infrastructure in the country's settlements. The purpose of the document is “elimination of negative factors affecting the accelerated development of telecommunications networks, ensuring the availability of electronic public services, as well as creating...
Facing unstability and uncertainty in the world, the members of the Shanghai Cooperation Organization (SCO) should boost all-round cooperation to promote regional stability and prosperity, said Chinese State Councilor and Foreign Minister Wang Yi here on Wednesday.
Since the SCO Qingdao Summit last year, the member states have made steady progress...
Facing unstability and uncertainty in the world, the members of the Shanghai Cooperation Organization (SCO) should boost all-round cooperation to promote regional stability and prosperity, said Chinese State Councilor and Foreign Minister Wang Yi here on Wednesday.
Since the SCO Qingdao Summit last year, the member states have made steady progress...
As tours to the Xinjiang Uygur autonomous region have become increasingly popular among tourists from home and abroad, local authorities have announced a plan recently to launch as many as 100 special trains for tourists from May to October.
The local railway authorities will step up cooperation with other parts of...
As tours to the Xinjiang Uygur autonomous region have become increasingly popular among tourists from home and abroad, local authorities have announced a plan recently to launch as many as 100 special trains for tourists from May to October.
The local railway authorities will step up cooperation with other parts of...
Chinese stocks closed lower on Thursday, with the benchmark Shanghai Composite Index down 1.35 percent, at 2,852.52 points.
The Shenzhen Component Index closed 2.56 percent lower at 8,809.53 points.
The ChiNext Index, China's NASDAQ-style board of growth enterprises, lost 2.51 percent to close at 1,451.24 points Thursday.
The ChiNext Index, together with the...
Chinese stocks closed lower on Thursday, with the benchmark Shanghai Composite Index down 1.35 percent, at 2,852.52 points.
The Shenzhen Component Index closed 2.56 percent lower at 8,809.53 points.
The ChiNext Index, China's NASDAQ-style board of growth enterprises, lost 2.51 percent to close at 1,451.24 points Thursday.
The ChiNext Index, together with the...
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 2 basis points to 6.8994 against the U.S. dollar Thursday, according to the China Foreign Exchange Trade System.
In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central...
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 2 basis points to 6.8994 against the U.S. dollar Thursday, according to the China Foreign Exchange Trade System.
In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central...
The Russian rouble edged down in early trading on Thursday, hurt by global investor fears over Brexit and the US-China trade row despite support from end-of-month tax payments and strong foreign demand for local treasury bonds.
At 0748 GMT, the rouble was 0.12pc weaker against the dollar at 64.47 while it...
The Russian rouble edged down in early trading on Thursday, hurt by global investor fears over Brexit and the US-China trade row despite support from end-of-month tax payments and strong foreign demand for local treasury bonds.
At 0748 GMT, the rouble was 0.12pc weaker against the dollar at 64.47 while it...
Russia’s gold and foreign currency reserves stand at a comfortable level and have almost reached the $500 bln target, Central Bank Chief Elvira Nabiullina said on Thursday.
"Last year reserves rose from $433 bln to $469 bln, as of May 1 they equaled $491 bln. Reserves are on the rise due...
Russia’s gold and foreign currency reserves stand at a comfortable level and have almost reached the $500 bln target, Central Bank Chief Elvira Nabiullina said on Thursday.
"Last year reserves rose from $433 bln to $469 bln, as of May 1 they equaled $491 bln. Reserves are on the rise due...
The Ministry of Agriculture of the Russian Federation increased the forecast of grain exports in the current season to 44 mln tonnes, as opposed to the previous forecast of 42 mln tonnes, declared the Deputy Minister of Agriculture, Oksana Luth on May 23.
At the same time, the estimations of wheat...
The Ministry of Agriculture of the Russian Federation increased the forecast of grain exports in the current season to 44 mln tonnes, as opposed to the previous forecast of 42 mln tonnes, declared the Deputy Minister of Agriculture, Oksana Luth on May 23.
At the same time, the estimations of wheat...
Azerbaijan’s only oil refinery plans to import 110,000 tonnes of A-92 petrol in October while it halts production for a month for routine maintenance, state energy company SOCAR’s vice president told Reuters on Thursday. The refinery, which is owned by SOCAR, will halt production from Oct 1. The company’s petrochemicals...
Azerbaijan’s only oil refinery plans to import 110,000 tonnes of A-92 petrol in October while it halts production for a month for routine maintenance, state energy company SOCAR’s vice president told Reuters on Thursday. The refinery, which is owned by SOCAR, will halt production from Oct 1. The company’s petrochemicals...
| INDEX | UNITS | PRICE | CHANGE | %CHANGE | CONTRACT | TIME (EDT) |
|---|---|---|---|---|---|---|
| CL1:COMWTI Crude Oil (Nymex) | USD/bbl. | 58.57 | +0.66 | +1.14% | Jul 2019 | 1:01 AM |
| CO1:COMBrent Crude (ICE) | USD/bbl. | 68.54 | +0.78 | +1.15% | Jul 2019 | 1:01 AM |
| XB1:COMRBOB Gasoline (Nymex) | USd/gal. | 192.77 | +1.44 | +0.75% | Jun 2019 | 12:43 AM |
| NG1:COMNatural Gas (Nymex) | USD/MMBtu | 2.58 | +0.01 | +0.23% | Jun 2019 | 12:56 AM |
| HO1:COMHeating Oil (Nymex) | USd/gal. | 197.90 | +1.66 | +0.85% | Jun 2019 | 12:35 AM |
| INDEX | UNITS | PRICE | CHANGE | %CHANGE | CONTRACT | TIME (EDT) |
|---|---|---|---|---|---|---|
| GC1:COMGold (Comex) | USD/t oz. | 1,283.20 | -2.20 | -0.17% | Aug 2019 | 1:01 AM |
| XAUUSD:CURGold Spot | USD/t oz. | 1,283.97 | +0.52 | +0.04% | N/A | 1:11 AM |
| SI1:COMSilver (Comex) | USD/t oz. | 14.56 | -0.05 | -0.36% | Jul 2019 | 1:01 AM |
| HG1:COMCopper (Comex) | USd/lb. | 268.95 | +0.90 | +0.34% | Jul 2019 | 1:01 AM |
| XPTUSD:CURPlatinum Spot | USD/t oz. | 803.03 | +3.43 | +0.43% | N/A | 1:12 AM |
| INDEX | UNITS | PRICE | CHANGE | %CHANGE | CONTRACT | TIME (EDT) |
|---|---|---|---|---|---|---|
| C 1:COMCorn (CBOT) | USd/bu. | 390.25 | +0.50 | +0.13% | Jul 2019 | 12:55 AM |
| W 1:COMWheat (CBOT) | USd/bu. | 467.50 | -2.75 | -0.58% | Jul 2019 | 1:01 AM |
| CC1:COMCocoa (ICE) | USD/MT | 2,426.00 | +13.00 | +0.54% | Jul 2019 | 5/23/2019 |
| CT1:COMCotton #2 (ICE) | USd/lb. | 67.64 | +0.16 | +0.24% | Jul 2019 | 1:00 AM |
| LC1:COMLive Cattle (CME) | USd/lb. | 108.15 | +0.20 | +0.19% | Aug 2019 | 5/23/2019 |
Date: May 24, 2019; Source: Bloomberg.com
Energy
| INDEX | UNITS | PRICE | CHANGE | %CHANGE | CONTRACT | TIME (EDT) |
|---|---|---|---|---|---|---|
| CL1:COMWTI Crude Oil (Nymex) | USD/bbl. | 58.57 | +0.66 | +1.14% | Jul 2019 | 1:01 AM |
| CO1:COMBrent Crude (ICE) | USD/bbl. | 68.54 | +0.78 | +1.15% | Jul 2019 | 1:01 AM |
| XB1:COMRBOB Gasoline (Nymex) | USd/gal. | 192.77 | +1.44 | +0.75% | Jun 2019 | 12:43 AM |
| NG1:COMNatural Gas (Nymex) | USD/MMBtu | 2.58 | +0.01 | +0.23% | Jun 2019 | 12:56 AM |
| HO1:COMHeating Oil (Nymex) | USd/gal. | 197.90 | +1.66 | +0.85% | Jun 2019 | 12:35 AM |
Precious and Industrial Metals
| INDEX | UNITS | PRICE | CHANGE | %CHANGE | CONTRACT | TIME (EDT) |
|---|---|---|---|---|---|---|
| GC1:COMGold (Comex) | USD/t oz. | 1,283.20 | -2.20 | -0.17% | Aug 2019 | 1:01 AM |
| XAUUSD:CURGold Spot | USD/t oz. | 1,283.97 | +0.52 | +0.04% | N/A | 1:11 AM |
| SI1:COMSilver (Comex) | USD/t oz. | 14.56 | -0.05 | -0.36% | Jul 2019 | 1:01 AM |
| HG1:COMCopper (Comex) | USd/lb. | 268.95 | +0.90 | +0.34% | Jul 2019 | 1:01 AM |
| XPTUSD:CURPlatinum Spot | USD/t oz. | 803.03 | +3.43 | +0.43% | N/A | 1:12 AM |
Agriculture
| INDEX | UNITS | PRICE | CHANGE | %CHANGE | CONTRACT | TIME (EDT) |
|---|---|---|---|---|---|---|
| C 1:COMCorn (CBOT) | USd/bu. | 390.25 | +0.50 | +0.13% | Jul 2019 | 12:55 AM |
| W 1:COMWheat (CBOT) | USd/bu. | 467.50 | -2.75 | -0.58% | Jul 2019 | 1:01 AM |
| CC1:COMCocoa (ICE) | USD/MT | 2,426.00 | +13.00 | +0.54% | Jul 2019 | 5/23/2019 |
| CT1:COMCotton #2 (ICE) | USd/lb. | 67.64 | +0.16 | +0.24% | Jul 2019 | 1:00 AM |
| LC1:COMLive Cattle (CME) | USd/lb. | 108.15 | +0.20 | +0.19% | Aug 2019 | 5/23/2019 |
| 1 US DOLLAR | USD / UZS | 8460.92 |
| 1 EURO | EUR / UZS | 9439.00 |
| 1 RUSSIAN ROUBLE | RUB / UZS | 131.06 |
| 1 ENGLISH POUND | GBP / UZS | 10760.60 |
| 1 KAZAKHSTAN TENGE | KZT / UZS | 22.32 |
Date: May 24, 2019; Source: the Central Bank of Uzbekistan
|
1 US DOLLAR |
USD / UZS |
8460.92 |
|
1 EURO |
EUR / UZS |
9439.00 |
|
1 RUSSIAN ROUBLE |
RUB / UZS |
131.06 |
|
1 ENGLISH POUND |
GBP / UZS |
10760.60 |
|
1 KAZAKHSTAN TENGE |
KZT / UZS |
22.32 |
