Issue 875 - 06.05.2021
06.05.2021

Uzbek, French foreign ministers confer

France’s Minister of Foreign Affairs Jean-Yves Le Drian met on May 3 with his Uzbek counterpart Abdulaziz Kamilov.

He underscored the political importance we attribute to deepening our relationship with Uzbekistan. The meeting of the Joint Economic Commission between France and Uzbekistan, to be held in Tashkent on May 10 during the visit to that country by Franck Riester, Minister Delegate for Foreign Trade and Economic Attractiveness, will help us to expand and move forward on our major bilateral projects in several areas in which we work together.

The ministers discussed the global pandemic situation and ways to fight the spread of Covid-19.

They also addressed the situation in Afghanistan and expressed their commitment to the region’s stability and security, particularly in light of the serious incidents that occurred recently on the Tadjik-Kirghiz border.

Reported by France Diplomatie.

Uzbekistan General

06.05.2021

C5+1 Virtual Ministerial issues joint statement

The text of the following statement was released by the Governments of the United States of America, the Republic of Kazakhstan, the Kyrgyz Republic, the Republic of Tajikistan, Turkmenistan, and the Republic of Uzbekistan on the occasion of the C5+1 Virtual Ministerial:

The U.S. Secretary of State and the Ministers of...

The text of the following statement was released by the Governments of the United States of America, the Republic of Kazakhstan, the Kyrgyz Republic, the Republic of Tajikistan, Turkmenistan, and the Republic of Uzbekistan on the occasion of the C5+1 Virtual Ministerial:

The U.S. Secretary of State and the Ministers of...

06.05.2021

Over 400 new cases of COVID-19 recorded in Uzbekistan

As of 4 May 2021, the number of registered coronavirus infections in Uzbekistan made up 92,724 (+404). 

New cases were registered:

2 people in the Republic of Karakalpakstan,

6 people in the Andijan region,

1 person in the Bukhara region,

6 people in the Jizzakh region,

2 people in the Navoi region,

5 people in the Namangan...

As of 4 May 2021, the number of registered coronavirus infections in Uzbekistan made up 92,724 (+404). 

New cases were registered:

2 people in the Republic of Karakalpakstan,

6 people in the Andijan region,

1 person in the Bukhara region,

6 people in the Jizzakh region,

2 people in the Navoi region,

5 people in the Namangan...

Finance and Investment

06.05.2021

Finance Ministry announces Uzbekistan’s daily budget revenues and expenditures

On May 3, the budget revenues of Uzbekistan amounted to 575.8 billion soum, expenditures to 1 trillion 77 billion soum, the Ministry of Finance reported.

It is noted that on this date, 5,812 contracts were concluded for e-government procurement by budget customers and 60 billion 746 million soum was spent on...

On May 3, the budget revenues of Uzbekistan amounted to 575.8 billion soum, expenditures to 1 trillion 77 billion soum, the Ministry of Finance reported.

It is noted that on this date, 5,812 contracts were concluded for e-government procurement by budget customers and 60 billion 746 million soum was spent on...

06.05.2021

Uzbekistan lists shares of largest state-owned companies

In Uzbekistan, a presidential decree approved a list of enterprises whose shares are subject to public offering in 2021–2023. This list includes an air carrier, several banks, gold producers and companies that extract and transport gas.

The main KPI of the program for the development of the capital market in Uzbekistan:...

In Uzbekistan, a presidential decree approved a list of enterprises whose shares are subject to public offering in 2021–2023. This list includes an air carrier, several banks, gold producers and companies that extract and transport gas.

The main KPI of the program for the development of the capital market in Uzbekistan:...

06.05.2021

Attempt of raider seizure of business from foreign investors fails in Uzbekistan

The efforts of the country's leadership aimed at creating fair and fair conditions for business, including foreign ones, certainly attract the attention of investors who are ready to participate in the development of the economy of Uzbekistan, create new enterprises and jobs.

In turn, the stimulation of entrepreneurial activity, the improvement...

The efforts of the country's leadership aimed at creating fair and fair conditions for business, including foreign ones, certainly attract the attention of investors who are ready to participate in the development of the economy of Uzbekistan, create new enterprises and jobs.

In turn, the stimulation of entrepreneurial activity, the improvement...

06.05.2021

Uzbekistan to establish Economic Support Fund to support private entrepreneurship

On May 3, the IV meeting of the Uzbek-Saudi intergovernmental commission was held in Riyadh under the chairmanship of Deputy PM – Minister of Investments and Foreign Trade of Uzbekistan Sardor Umurzakov and the Minister of Investments of the Kingdom of Saudi Arabia Khalid al-Falih, the MIFT press service reported.

There...

On May 3, the IV meeting of the Uzbek-Saudi intergovernmental commission was held in Riyadh under the chairmanship of Deputy PM – Minister of Investments and Foreign Trade of Uzbekistan Sardor Umurzakov and the Minister of Investments of the Kingdom of Saudi Arabia Khalid al-Falih, the MIFT press service reported.

There...

06.05.2021

Uzbek Finance Minister meets with officials of World Bank, ILO and UNICEF

The Minister of Finance of Uzbekistan Timur Ishmetov met with experts from the World Bank, the International Labor Organization and the United Nations Children’s Fund. The topic was the “Improvement of the domestic system of social protection of the population until 2025”.

On behalf of the republic, the meeting was also...

The Minister of Finance of Uzbekistan Timur Ishmetov met with experts from the World Bank, the International Labor Organization and the United Nations Children’s Fund. The topic was the “Improvement of the domestic system of social protection of the population until 2025”.

On behalf of the republic, the meeting was also...

06.05.2021

Greenback continues hike as speculators follow sheer rumours

The dollar hit its highest in over two weeks on Wednesday, extending a rally as chatter about the possibility of higher U.S. interest rates and a sell-off in tech stocks soured risk sentiment to the benefit of the safe-haven currency.

The dollar's bounce on Tuesday put pressure on the euro, which...

The dollar hit its highest in over two weeks on Wednesday, extending a rally as chatter about the possibility of higher U.S. interest rates and a sell-off in tech stocks soured risk sentiment to the benefit of the safe-haven currency.

The dollar's bounce on Tuesday put pressure on the euro, which...

06.05.2021

Stock markets regain strength, led by strong EU positions

Global shares edged up on Wednesday as U.S. stock futures steadied after a pullback in tech darlings while European markets were buoyed by accelerating business activity and positive earnings.

The Euro STOXX index added 1.3% as it headed for its best day in nearly two months, helped by data showing euro zone...

Global shares edged up on Wednesday as U.S. stock futures steadied after a pullback in tech darlings while European markets were buoyed by accelerating business activity and positive earnings.

The Euro STOXX index added 1.3% as it headed for its best day in nearly two months, helped by data showing euro zone...

Oil and Gas Sector

06.05.2021

Authorities want to sell 100% of one of largest refineries in Uzbekistan

The Uzbek authorities have announced the acceptance of applications for participation in the sale of 100% of the assets of the Fergana refinery. The application process will run until May 28.

UzAssets is interested in maximising the value of the transaction. The company will publish a detailed sequence of the sale...

The Uzbek authorities have announced the acceptance of applications for participation in the sale of 100% of the assets of the Fergana refinery. The application process will run until May 28.

UzAssets is interested in maximising the value of the transaction. The company will publish a detailed sequence of the sale...

06.05.2021

Uzbek Fergana Refinery develops improved type of aviation gasoline B-92

As a result of large-scale research work carried out in 2021, at the Fergana oil refinery, aviation gasoline of the B-92 brand has been developed, which fully complies with the interstate GOST.

Aviation gasoline, along with aviation kerosene, is the fuel for aircraft. The piston engines, which are equipped with small...

As a result of large-scale research work carried out in 2021, at the Fergana oil refinery, aviation gasoline of the B-92 brand has been developed, which fully complies with the interstate GOST.

Aviation gasoline, along with aviation kerosene, is the fuel for aircraft. The piston engines, which are equipped with small...

06.05.2021

Uzbekneftegaz reports fire at gas station occurred as a result of welding

On 4 May 2021, at about 09:42 a fire broke out at a gas station located in the Ozod MSG in Shurchi district of Surkhandarya region.

Four fire and rescue teams arrived at the scene, the fire was localized at 10:05 and completely extinguished at 10:36.

As a result of the fire,...

On 4 May 2021, at about 09:42 a fire broke out at a gas station located in the Ozod MSG in Shurchi district of Surkhandarya region.

Four fire and rescue teams arrived at the scene, the fire was localized at 10:05 and completely extinguished at 10:36.

As a result of the fire,...

06.05.2021

Bulls keep eyeing Brent as lockdown bullies back off

Oil prices rose for a third day on Wednesday as easing of lockdowns in the United States and parts of Europe heralded a boost in fuel demand in summer season and offset concerns about the rise of Covid-19 infections in India and Japan.

Brent crude rose $0.93, or 1.4%, to $69.81...

Oil prices rose for a third day on Wednesday as easing of lockdowns in the United States and parts of Europe heralded a boost in fuel demand in summer season and offset concerns about the rise of Covid-19 infections in India and Japan.

Brent crude rose $0.93, or 1.4%, to $69.81...

06.05.2021

Low winds, cold spring keep North Sea region’s natural gas prices up

British wholesale gas prices were mostly higher on Wednesday morning as wind output is expected to decrease and temperatures dip.

The within-day contract was up 1.00 pence at 66.00 p/therm by 0824 GMT. The day-ahead was up 0.60 pence at 66.00 p/therm.

Temperatures in Britain and north-west Europe were forecast to dip...

British wholesale gas prices were mostly higher on Wednesday morning as wind output is expected to decrease and temperatures dip.

The within-day contract was up 1.00 pence at 66.00 p/therm by 0824 GMT. The day-ahead was up 0.60 pence at 66.00 p/therm.

Temperatures in Britain and north-west Europe were forecast to dip...

Trade and Consumer Goods

06.05.2021

Eurasian Economic Commission named reasons for decrease in exports and increase in imports of EAEU countries in foreign trade for 2 months of 2021

The decrease in exports of the EAEU countries in foreign trade in January-February 2021 is associated with a decrease in the supply of energy goods by 23.8% and consumer goods by 2.6%. This is stated in the analytical review of the Eurasian Economic Commission.

The volume of exports of investment goods increased...

The decrease in exports of the EAEU countries in foreign trade in January-February 2021 is associated with a decrease in the supply of energy goods by 23.8% and consumer goods by 2.6%. This is stated in the analytical review of the Eurasian Economic Commission.

The volume of exports of investment goods increased...

Agriculture

06.05.2021

Uzbekistan grows about 66 thousand tons of vegetables in the first quarter

In the first quarter of this year, 65,721 tons of vegetables were grown in Uzbekistan, which is 5 percent more than in the same period last year.

According to the State Statistics Committee, most of the grown vegetables fall on dehkan farms (67.3 percent) and organizations engaged in agricultural activities (20.8...

In the first quarter of this year, 65,721 tons of vegetables were grown in Uzbekistan, which is 5 percent more than in the same period last year.

According to the State Statistics Committee, most of the grown vegetables fall on dehkan farms (67.3 percent) and organizations engaged in agricultural activities (20.8...

06.05.2021

Uzbekistan facilitates import, restricts export of oilseeds and oils

On April 29, the President of Uzbekistan, Shavkat Mirziyoyev signed a law on measures providing the population with certain food products. The document eliminates VAT on import of vegetable oils, sunflower seed, flaxseed and soybean for the period from May 1 to December 31, 2021.

Moreover, the document imposes the export...

On April 29, the President of Uzbekistan, Shavkat Mirziyoyev signed a law on measures providing the population with certain food products. The document eliminates VAT on import of vegetable oils, sunflower seed, flaxseed and soybean for the period from May 1 to December 31, 2021.

Moreover, the document imposes the export...

06.05.2021

Export of Russian wheat exceeds 36m tonnes

According to regional divisions of the Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor), since the beginning of the season-2020/21 (July 1), and as of April 29, Russia already exported 36.1 mln tonnes of wheat (including deliveries to the territory of the Customs Union countries), up by 13% compared to...

According to regional divisions of the Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor), since the beginning of the season-2020/21 (July 1), and as of April 29, Russia already exported 36.1 mln tonnes of wheat (including deliveries to the territory of the Customs Union countries), up by 13% compared to...

06.05.2021

Bull run on US grain futures continues

Chicago corn futures rose up to 2% on Thursday to their highest in more than eight years, as concerns over dry weather in Brazil and strong demand from animal feed producers buoyed the market.

Wheat extended gains and soybeans edged higher.

"The sentiment is pretty bullish, not just in corn but the...

Chicago corn futures rose up to 2% on Thursday to their highest in more than eight years, as concerns over dry weather in Brazil and strong demand from animal feed producers buoyed the market.

Wheat extended gains and soybeans edged higher.

"The sentiment is pretty bullish, not just in corn but the...

Metals and Minerals

06.05.2021

Golden Navoi Mining and Metallurgical Combine reports results

In 2020, the cost of products manufactured by NMMC amounted to $4.9 billion in foreign equivalent, which is about 10% of the country's GDP.

The information also reflects that NMMC is in the lead in the TOP-10 among taxpayers of Uzbekistan its share in the formation of the state budget was...

In 2020, the cost of products manufactured by NMMC amounted to $4.9 billion in foreign equivalent, which is about 10% of the country's GDP.

The information also reflects that NMMC is in the lead in the TOP-10 among taxpayers of Uzbekistan its share in the formation of the state budget was...

06.05.2021

Bullion retreats on speculation of US interest rate raise

Gold prices edged lower on Wednesday as the possibility of higher U.S. interest rates supported the dollar, while palladium held near record highs hit in the previous session amid supply worries.

Spot gold was down 0.1% at $1,776.61 per ounce by 1223 GMT, after falling about 0.8% in the previous session....

Gold prices edged lower on Wednesday as the possibility of higher U.S. interest rates supported the dollar, while palladium held near record highs hit in the previous session amid supply worries.

Spot gold was down 0.1% at $1,776.61 per ounce by 1223 GMT, after falling about 0.8% in the previous session....

06.05.2021

Copper leads fresh base metals price surge ahead of expected rise in demand

Copper prices surpassed the key psychological level of $10,000 a tonne on Wednesday on hopes for further global economic recovery, but trading volume was tepid due to China market holidays.

Three-month copper on the London Metal Exchange rose as much as 0.7% to $10,040, its highest level since February 2011 when...

Copper prices surpassed the key psychological level of $10,000 a tonne on Wednesday on hopes for further global economic recovery, but trading volume was tepid due to China market holidays.

Three-month copper on the London Metal Exchange rose as much as 0.7% to $10,040, its highest level since February 2011 when...

Energy Industry

06.05.2021

Installation of gas turbine units at Uzbek Fergana thermal power station discussed

The Embassy of the Republic of Uzbekistan in Japan held a meeting with the general manager of Kawasaki Heavy Industries Ltd Keiichi Onuki, deputy general manager Masashide Yosinari, as well as general manager Satoshi Fuji and assistant general manager of Marubeni Yutaka Makino.

During the meeting, representatives of the companies shared...

The Embassy of the Republic of Uzbekistan in Japan held a meeting with the general manager of Kawasaki Heavy Industries Ltd Keiichi Onuki, deputy general manager Masashide Yosinari, as well as general manager Satoshi Fuji and assistant general manager of Marubeni Yutaka Makino.

During the meeting, representatives of the companies shared...

Communications and Transportation

06.05.2021

Uzbekistan recognised as one of world centres of spiritual tourism

According to the Ministry of Tourism and Sports of Uzbekistan, since 2018 there has been an increase in the flow of guests from Muslim countries. Thus, the number of tourists from Indonesia increased by 70%, from Malaysia by 58%, from Turkey by 54%, from the UAE by 53%.

This was largely...

According to the Ministry of Tourism and Sports of Uzbekistan, since 2018 there has been an increase in the flow of guests from Muslim countries. Thus, the number of tourists from Indonesia increased by 70%, from Malaysia by 58%, from Turkey by 54%, from the UAE by 53%.

This was largely...

06.05.2021

Timur Allayarov appointed adviser to Minister of Transport on development of tourism and logistics

Timur Allayarov has been appointed advisor to the Minister of Transport on the development of tourism and logistics.

Timur Bakhodirovich Allayarov was appointed adviser to the Minister of Transport of Uzbekistan on the development of logistics and tourism by the decree of the Cabinet of Ministers on May 5, the press...

Timur Allayarov has been appointed advisor to the Minister of Transport on the development of tourism and logistics.

Timur Bakhodirovich Allayarov was appointed adviser to the Minister of Transport of Uzbekistan on the development of logistics and tourism by the decree of the Cabinet of Ministers on May 5, the press...

06.05.2021

Uzbek Railways to purchase new rolling stock, increase passenger traffic

In order to ensure suburban traffic in the Tashkent transport hub with the subsequent integration of suburban traffic into the city transport system, the joint stock company “Uzbekiston Temir Yollari” plans to purchase new rolling stock and increase passenger traffic in suburban traffic in the near future, the press service...

In order to ensure suburban traffic in the Tashkent transport hub with the subsequent integration of suburban traffic into the city transport system, the joint stock company “Uzbekiston Temir Yollari” plans to purchase new rolling stock and increase passenger traffic in suburban traffic in the near future, the press service...

Prices and Statistics

06.05.2021

Commodities

Date: May 06, 2021;Source: Bloomberg.com

...
06.05.2021

Exchange Rates

Date: May 6, 2021; Source: the Central Bank of Uzbekistan
1 US DOLLAR USD / UZS 10501.22
1 EURO EUR / UZS 12605.66
1 RUSSIAN ROUBLE RUB / UZS 140.49
1 GREAT BRITIAN POUND GBP / UZS  14592.50
1 KAZAKHSTAN TENGE KZT / UZS 24.60

Date: May 6, 2021; Source: the Central Bank of Uzbekistan

1 US DOLLAR

USD / UZS

10501.22

1 EURO

EUR / UZS

12605.66

1 RUSSIAN ROUBLE

RUB / UZS

140.49

1 GREAT BRITIAN POUND

GBP / UZS

 14592.50

1 KAZAKHSTAN TENGE

KZT / UZS

24.60