The number of people infected with coronavirus has increased by 6 and reached 187 in Uzbekistan, the press service of the Health Ministry said.

Out of 187 patients, 12 have already recovered from the virus. They were discharged from the hospital and sent to a rehabilitation center.

Two death cases have been...

The Ministry of Internal Affairs commented on the information on the release of the dangerous criminal Nazim Juraev, the press service of the department reported.

On March 31, one of the media published information about the possible release of the 60-year-old Nazim Juraev, known in the penitentiary system of Uzbekistan as...

The most important obligation of the insurance company is timely insurance compensation. The client must be sure that the insurer whom he chooses is reliable, and if an insured event occurs, it will pay him an insurance indemnity.

In the period from March 23 to 27 of the current year, the...

Banks of Uzbekistan, as the Central Bank recommended them, began to provide borrowers with vacations and other support measures.

For example, Uzbek National bank said that for all types of loans issued to individuals, the main debt for April-May-June of the current year is evenly distributed over the remaining repayment schedule.

Uzpromstroybank...

The amendments that were made to the Law on Microfinance on March 17, in agreement with the head of state, affected Articles 4, 5 and 6. The Central Bank explained the essence of the innovations.

A microloan is provided for the borrower to carry out entrepreneurial activities in absolute terms, not...

At the Uzbekistan Republic’s Currency Exchange (UzRCE) trades held on April 2, 1 US dollar increased in price by 18 soum and amounted to 9,611 soum.

The Euro dropped by 77 soum and amounted to 10,518 soum.

In the first ten days of March, the US dollar fell below the mark of...

The dollar rose for a second straight day against a basket of currencies on Thursday as investors, worried about the prospect of a global recession continued to take shelter in the greenback.

U.S. jobless claims in the latest week soared to a record level, yet the dollar's reaction was tepid at...

World equity markets hovered between small gains and losses Thursday, as the death toll from the coronavirus pandemic continued to rise and economic pain deepened with another record week of jobless claims in the United States.

Investors sought the safety of the U.S. dollar and government bonds. Oil futures were among...

From April 3, the cost of imported diesel fuel is planned to be reduced by 300 soum. In a month, the cost of diesel fuel fell by 500 soum. This was reported in the press service of the Ministry of Energy. Earlier, the cost of imported diesel fuel was reduced from 7,500...

Oil prices jumped 8% on Thursday after U.S. President Donald Trump said he expected Saudi Arabia and Russia to reach a deal soon to end their battle for market share but gains were capped by fears of a global recession due to the coronavirus.

Benchmark Brent, which rose as much as...

British wholesale gas prices rose on Thursday morning due to undersupply and as crude oil prices jumped.

The within-day contract was 1.20 pence higher at 18.50 pence per therm by 0905 GMT.

The day-ahead contract was up by 1.80 pence to 18.70 p/therm, while weekend gas was 1.55 pence higher at 17.55...

Inflation in the consumer market of Uzbekistan in March 2020 amounted to 1.3% compared to the previous month, 2.8% from the beginning of the year, and 13.6% against March 2019, the report of the State Statistics Committee of the country said.

Prices on the food market have grown on average over...

On April 2, government decree No. 1057 of December 31, 2019 entered into force.

Now carriers, owners of goods or their representatives are obliged to send preliminary electronic information about goods and vehicles to the information system of customs authorities:

one hour before crossing the customs border by road;

one hour before arrival...

Chicago wheat futures eased on Thursday to add to a slide the day earlier as investors remained preoccupied with demand being destroyed by the coronavirus pandemic.

Corn ticked higher as a sharp rebound in crude oil provided support after the cereal used in ethanol has tumbled in recent days due to...

Canada’s Cameco, a leading operator and investor in Kazakhstan, this week announced it was shuttering Cigar Lake, the world’s largest uranium mine, for at least four weeks after directives from the Canadian and Saskatchewan provincial governments.

The Canadians are concerned about the use of fly-in, fly-out workers while COVID-19 is spreading.

Meanwhile,...

Gold edged higher on Thursday as investors braced for U.S. jobless claims data, which should give clues on how much the coronavirus is hurting the world’s biggest economy.

A stronger dollar limited the precious metal’s upside, however.

Spot gold was up 0.4% at $1,596.60 per ounce by 1204 GMT, while U.S. gold...

Shanghai aluminum prices hit a more than four year low on Thursday, with poor factory data pointing to weak demand as coronavirus infections continued to rise.

The most-traded aluminum contract on the Shanghai Futures Exchange (ShFE) fell as much as 2.6% to 11,250 yuan ($1,584.48) a tonne, its lowest since Feb....

On 31 March, the sole shareholder of the state-owned Uzbekenergo, which is subject to liquidation in line with the presidential decree of 03/27/2019. No. PP-4249, the distribution balance sheet, agreed with the joint-stock companies Thermal Power Stations (TPP), National Electric Grids of Uzbekistan (NESU) and Regional Electric Grids (REG), was...

Indian Cadila Pharmaceuticals will create a pharmaceutical production enterprise in the territory of the Andijan-farm free economic zone. This is provided for by a decree of the government of Uzbekistan of March 30.

The company plans to allocate $50 million over 5 years for the project, of which at least $10...

Uztuqimachiliksanoat enterprises plan to increase the daily production of face masks up to 5 million pieces within a week, the Association’s Chairman Ilkhom Khaydarov said during a briefing. 

According to him, in a short period of time, the production of protective tools has increased several times. 

“In February, only about 20 enterprises...

On March 15, Uzbekistan revealed the first case of COVID-19 infection. From this moment on, the country has seen rapid growth in Internet use. People are forced to stay at home in quarantine, adults work, and children study remotely. The Internet has become the most efficient communication channel with the...

Under the most favorable scenario, Russia could pass the peak of the COVID-19 pandemic in ten days, a leading virologist Alexander Lukashev estimates. However, should things get worse, Russia could pass the peak of the disease in May-June, not in the end of April, said Lukashev, who heads the Martsinovsky...

In April and May, many Russians could face hard times due to a sudden loss of employment and reduced salaries, and finding a new job would be a challenging task, according to surveys carried out among businesses and industrial enterprises. At least 7 million citizens could lose their jobs, according...

The Russian rouble firmed marginally on Thursday, gaining support from a jump in oil prices and high foreign currency sales amid deteriorating global economic conditions due to the coronavirus outbreak.

Oil prices surged after U.S. President Donald Trump said a price war between Saudi Arabia and Russia could soon reach its...

Market figures are indicating that industrial activity in China is on the rise. Based on surveys of purchasing managers, China, which saw a serious decline in February, has started resuming production. In contrast, there is a significant deterioration in the Eurozone, where the Purchasing Managers’ Index (PMI) was the worst...

China stocks settled higher on Thursday, led by energy shares as crude oil futures jumped on hopes for a deal to end the price war between Saudi Arabia and Russia, and by tech firms.

At the close, the Shanghai Composite index was up 1.69% at 2,780.64.

The blue-chip CSI300 index was up...

China's foreign trade firms have quickened their pace in resuming production weighed down by the COVID-19 outbreak as efforts are in the pipeline to revive global industrial chains, an official said Thursday.

By Monday, about 75.6 percent of the country's key import and export firms had recovered over 70 percent of...

This year is very likely to yield a bumper grain harvest, and current reserves are sufficient for domestic demand, the Ministry of Commerce said on Thursday.

Wang Bin, head of the ministry's Department of Market Operation and Consumption, said that it is highly possible that 2020 will have a good grain...

Mongolia exported some 90,000 tons of coal to China in March, the Mongolian Customs General Administration (MCGA) said Thursday.

The coal exports were transported to China via four border points, namely Gashuunsukhait, Zamiin-Uud, Shiveekhuren and Khangi, the MCGA said in a statement.

The country resumed exporting coal to China in mid-March after...

In January 2020, Azerbaijan exported 945.18 million cubic meters of gas from the Shah Deniz field to Turkey, which is 16.9 percent higher than the same period last year, local media reported citing Energy Market Regulatory Authority of Turkey on April 1.

Azerbaijan also accounted for 15.78 percent of total gas...

Date: April 03, 2020; Source: Bloomberg.com

Energy

Precious and Industrial Metals

Agriculture

Date: April 03, 2020; Source: the Central Bank of Uzbekistan