On 21 October 2021, at the twentieth plenary meeting of the Senate of the Republic of Uzbekistan, the response of the Cabinet of Ministers to a previously sent parliamentary request on the state of implementation of measures aimed at recovery and development of tourism after the coronavirus pandemic was considered.

During...

Uzbekistan received new batches of coronavirus vaccines. This was reported by the press service of the Ministry of Health of Uzbekistan.

The ministry noted that today 912,000 doses of Sinovac vaccines have been delivered to Uzbekistan.

Jurabek Laboratories also supplied 2,755,820 doses of locally produced ZF-UZ-VAC2001 vaccine.

In total, Uzbekistan received more than...

Increasing rates and slowing inflation are boosting confidence in bank deposits.

Over 9 months, time deposits in national currency increased by 29.5%, and the total deposits of the population by 51%, follows from the data of the Central Bank.

The regulator explains such a sharp growth by the persistence of high interest...

The Central Bank left the base rate unchanged at 14% per annum. The decision was made to reduce the inflation rate to 10% by the end of the year, the regulator noted. The main driver of inflation this year was the rise in food prices.

The Board of the Central Bank...

Risk sensitive currenciesincluding the Australian dollar slipped on Thursday and the safe-haven Japanese yen gained as concerns about rising inflation and less loose central bank policy dented risk sentiment.

"We're seeing a little bit of a risk-off today and I think that's being driven by concerns we're getting closer to that...

European shares were lower on Thursday as the spectre of China Evergrande's debt mountain resurfaced to spook investors while cost inflation worries continued to hit sentiment.

The pan-European Stoxx 600 index was down 0.13% with all regional bourses lower. Asian stocks fell on news about the collapse of a $2.6bn sale at property...

Uzbekistan will not sell natural gas as raw materials. President of Uzbekistan Shavkat Mirziyoyev stated this on Thursday.

According to him, Uzbekistan currently does not export natural gas. “We are ready to import gas ourselves from abroad in connection with the development of industry. Gas is a legacy for future generations,”...

Oil hit a three-year high above $86 a barrel on Thursday driven by tight supply and a global energy crunch, although prices eased as some investors took profits on signs the rally is looking overstretched.

Helping to drive the latest gain, a supply report from the U.S. Energy Information Administration on...

The volume of trade of the members of the Eurasian Economic Union with third countries exceeded the pre-pandemic level. This was announced on October 20 by the official representative of the EEC Iya Malkina. The Commission also named the leaders of the EAEU in terms of export growth in mutual...

Problematic issues of the circulation of goods imported into the territory of the Eurasian Economic Union with the use of import customs duty rates that are different from those established by the Unified Customs Tariff were discussed by the high-level heads of the authorised bodies of the states of the...

At the end of September 2021, Uzbekistan’s annual inflation amounted to 10.8%, which is slightly higher than the forecast in the baseline scenario. In addition, the prices of food products rose by 14.4% in annual terms, energy products by 23.2%.

“The main driver determining the dynamics of general inflation in the...

The Spanish company Ideal Fruits became interested in the cultivation of blueberries in Uzbekistan, focusing on the climate of the region. It is planned that Uzbek blueberries will be able to cover the need for berries in the first summer months.

Previously, only the Nurli Oshom Tongi company was engaged in...

Chicago wheat futures pulled back from a two-week high hit earlier on Thursday as weaker crude oil prices and a firmer U.S. dollar offset tightening global supplies. Soybeans fell after rising for five straight sessions, while corn edged lower.

The most-active wheat contract on the Chicago Board of Trade (CBOT) was...

Gold prices dipped slightly on Thursday on elevated U.S. Treasury yields, but there was some support from concerns over persistently higher inflation.

Spot gold fell 0.2% to $1,777.70 per ounce by 1202 GMT, largely trading in a narrow range. U.S. gold futures fell 0.3% to $1,780.40.

“Rising yields have been obviously negative...

Copper prices fell on Thursday as a short squeeze on the London Metal Exchange (LME) eased and attention refocused on the threat of slowing demand in top consumer China.

Benchmark LME copper was down 2.6% at $9,926 a tonne at 1105 GMT and the premium for cash copper over the three-month...

According to the information service of the Uztekstilprom association, on October 18, the Uzbek Embassy, together with the Paris Fashion Academy and the Uzbektekstilprom Association, organised a meeting in the VKS format with representatives of the Union of the Textile Industry and the Federation of Textiles, Lingerie and Swimwear of...

This information was announced by the Ministry of Housing and Communal Services during the twentieth plenary session of the Senate.

In the Yunusabad district, there are 12 management companies that, in accordance with the law, won an open tender presented on the official website of the Tashkent city administration and started...

ADM Jizzakh limited liability company, located in the Jizzakh free economic zone, has organized a large-scale assembly of cars. This is the first phase of the project, which was launched in March this year.

President Shavkat Mirziyoyev got acquainted with the work process at the plant.

The cost of this first project...

Reducing rates and fees will increase the competitiveness of Uzbekistan's airports and attract more foreign air carriers.

The management of Uzbekistan Airports has approved a new list of rates and charges for ground handling of regular flights operated by foreign airlines. In particular, the rates and fees for the following services...

PwC has unveiled the latest PwC Net Zero Economy Index 2021 it is designed to track the decarbonisation of the industry and the level of global energy consumption. The annual study does not consider emissions from other sectors of the economy, as well as other greenhouse gases except CO2, it...

The holdings of monetary gold in Russia’s foreign exchange reserves increased by 0.14% last month, amounting to 73.9 million ounces (2,298.547 tons) as of October 1, the Central Bank of Russia reports.

Statistics show that the Russian central bank added 3.1 tons of gold in September. This comes as the bank...

The losses of the Russian economy from the introduction of restrictive measures for two weeks may reach 60 billion rouble ($844.75 mln), First Deputy Prime Minister Andrey Belousov said at a meeting of the Russian President and members of the government.

"The losses are estimated at 4 billion rouble per day...

The Russian rouble eased on Thursday, slipping from a 15-month peak against the dollar hit the day before and extending losses after Moscow announced a lockdown designed to limit the spread of COVID-19.

At 1101 GMT, the rouble was 0.5% weaker against the dollar at 71.14, moving away from its strongest...

China stocks closed higher on Thursday as property and coal shares rebounded, after assurances from officials eased worries over the real estate sector.

The blue-chip CSI300 index rose 0.4% to 4,928.02 points, while the Shanghai Co

Property firms surged 3.8%, snapping six straight sessions of decline, as investors bought the dip.

More Chinese...

China's non-financial outbound direct investment (ODI) went down 5.2 percent year on year to 522.76 billion yuan in the first nine months of this year, official data showed Thursday.

In U.S. dollar terms, China's non-financial ODI rose 2.4 percent to 80.78 billion dollars, according to the Ministry of Commerce.

In the January-September...

Date: October 22, 2021; Source: the Central Bank of Uzbekistan