The scientific potential of research institutes will be used to improve the position of Uzbekistan in international rankings and indices. Scientific organisations assigned to ratings and indices will receive grants to eliminate systemic errors in industries with low indicators.

In 2019, in Uzbekistan, by a presidential decree, 17 international ratings were...

A question about monkeypox spreading in a number of countries was answered by Deputy Head of the Sanitary and Epidemiological Welfare and Public Health Service, Doctor of Medical Sciences, Professor Nurmat Atabekov. 

“According to the WHO, monkeypox has been detected in 14 states,” N. Atabekov said. - In particular, the number...

In order to implement projects and create new jobs through direct investment in other industries in addition to the pharmaceutical sector in the Baysun district of the Surkhandarya region, as well as to further expand the activities of the Termez free economic zone, a decree of the President of the...

The Asian Development Bank (ADB) will continue to scale up private sector investment in Uzbekistan’s urban and renewable energy sectors, and extend its support into new areas such as education and health, ADB Vice-President for Private Sector Operations and Public–Private Partnerships (PPPs) Ashok Lavasa told senior government officials during meetings...

Many states are reviewing internal processes for more effective management. One of these is undoubtedly Uzbekistan, which is changing old approaches and striving for effective management through reengineering.

A large-scale transformation of processes has begun in the country, and one of its successful examples was demonstrated by the Ministry of Finance...

The euro rallied on Monday as investors sold the dollar on hopes that loosening lockdowns in China could help global growth.

A calmer mood on equity markets in early European trading also pressured the dollar, which fell sharply last week but has been the go-to currency for investors this year when...

European stocks started the week on the front foot following the very volatile trading conditions seen over the preceding five-day stretch.

Optimism regarding the Covid-19 situation in China and more hawkish remarks from European Central Bank boss, Christine Lagarde, boosted Basic Resources and Banks, respectively.

Worth noting, some of the previous week's...

According to the information service of the State Assets Management Agency, UzAssets Investment Company sold Ferghana Oil Refinery for $100 million to the largest private oil and gas company in Uzbekistan, Sanoat Energetika Guruhi.

The international consulting company KPMG Valuation and Consulting was selected as a privatisation consultant. Additional legal support...

From 18 to 20 May, Tashkent hosted the 24th International Oil and Gas Exhibition of Uzbekistan OGU 2022, within which Russian companies presented their advanced developments and achievements under the Made in Russia umbrella brand.

During the three days of operation, the Made in Russia exposition was visited by almost 5,000...

A delegation from the Atyrau region of the Republic of Kazakhstan is currently on a visit to the Republic of Uzbekistan. 

The purpose of the delegation’s visit is to study the industrial potential of the Republic of Uzbekistan, reach agreements on the supply of agricultural products, as well as study the...

Oil prices gained on Monday with U.S. fuel demand, tight supply and a slightly weaker U.S. dollar supporting the market, as Shanghai prepares to reopen after a two-month lockdown fuelled worries about a sharp slowdown in growth.

Brent crude futures rose 72 cents to $113.27 a barrel at 0408 GMT, while U.S....

British wholesale gas prices rose on Monday morning on lower Norwegian supply and the risk of outages being extended.

UK gas for immediate delivery jumped by 59 pence to 135 pence per therm by 0809 GMT, its highest level since May 3. The day-ahead price was 25 pence higher at 134 pence/therm.

This was...

The national barcode operator is a joint venture of CRPT Turon, part of which is owned by USM Holding. The holding is controlled by Russian billionaire Alisher Usmanov. The cost of marking for Uzbek manufacturers and importers is 68 soum ($0.006) per code. The State Tax Committee did not report...

According to the State Statistics Committee, Pakistan and Afghanistan entered the TOP-5 consumers of fruits and vegetables from Uzbekistan in 4 months of 2022.

In January-April, 6.2 thousand tonnes of fruits and vegetables worth $16.8 million were shipped to Pakistan, Afghanistan 15.7 thousand tonnes worth $11.3 million.

Earlier, citing official statistics, it...

U.S. and European wheat futures rose on Monday, recovering after a three-day slide, as attention turned back to the impact of drought ahead of weekly U.S. crop data. Chicago corn futures were higher as the market also awaited the U.S. Department of Agriculture's (USDA) crop progress report later on Monday...

Russia, despite a record wheat harvest expected in 2022, is afraid of its re-export and wants all EAEU members to introduce quotas and duties on the export of grain. Citing its sources, at a meeting of the EEC on May 20, Russia insisted that all members of the EAEU introduce...

Gold prices rose over 1% on Monday, boosted by a slide in U.S. dollar to its lowest in a month, while growth concerns in the economy kept bullion's safe-haven demand intact. Spot gold rose 0.8% to $1,860.34 per ounce by 1058 GMT. Prices hit their highest since May 9 at...

Copper prices climbed to their highest in more than two weeks on Monday, buoyed by declining inventories and a weaker dollar, though gains were capped by the damage to demand from coronavirus lockdowns in top consumer China.

Benchmark copper on the London Metal Exchange (LME) was up 0.4% at $9,464 a...

UzAuto Motors JSC officially launched a countdown to the start of sales of the Chevrolet Tracker (2023 model year) produced by the Asaka Automobile Plant on its website. According to the company’s website, Tracker sales will begin exactly in 100 days, namely at 18:00 on 30 August.

Earlier it was reported...

The Uzcharmsanoat Association held a meeting with representatives of the Russian company Yachtin. Issues of development of bilateral cooperation and implementation of joint projects were discussed at the meeting.

The delegation of Yachtin LLC - among the companies from the city of Kazan of the Russian Federation - will take part...

On 23 May, a business meeting was held in Samarkand between the largest tourism organizations of Tajikistan and tourism companies in Samarkand. This was reported by the press service of the Main Department for Tourism and Cultural Heritage of Samarkand region.

From the side of Tajikistan, the following companies took part:...

Rostourism has begun organising charter flights in the direction of Uzbekistan. It is reported by Financial One with reference to the press service of the department.

Its head Zarina Doguzova recently met with the head of the Ministry of Tourism, Aziz Abdukhakimov. During the negotiations, she spoke about the interest of...

The airport complex of the Karshi International Airport is being reconstructed, the Ministry of Transport of Uzbekistan reported. It is planned to expand the arrivals hall, increasing the terminal capacity from 200 to 400 passengers per hour. The second floor of the terminal will be reconstructed and adapted for departure.

The...

Solutions based on artificial intelligence (AI) for the public sector in the regions largely remain “abstract, obscure and distant entities with almost no applied value for solving current problems of managing the socio-economic situation,” experts from the Centre for Strategic Research write in the study “Prospects and problems of using...

The Bank of Russia began to buy foreign currency from exporters through other market participants to keep the rouble from uncontrolled strengthening. The essence of the mechanism and how exactly it affects the foreign exchange market, the interlocutors of the publication did not disclose.

The regulator began to carry out such...

The Russian rouble firmed around 4% against the dollar and euro on Monday, heading back towards multi-year highs hit last week, supported by capital controls and an upcoming month-end tax period.

By 1050 GMT, the rouble was 4% stronger against the dollar at 57.85, not far from 57.0750, its strongest mark...

China stocks closed down on Monday as Beijing reported 99 new COVID-19 cases - the highest daily tally in the capital during the current outbreak - while profit-taking after two straight weeks of gains also weighed on benchmarks.

The blue-chip CSI300 index fell 0.6%, to 4,053.98, while the Shanghai Composite Index...

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 731 pips to 6.6756 against the U.S. dollar Monday, 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 parity...

China's intensified efforts to unleash the power of innovation in driving development are expected to inject fresh impetus into world economic recovery, boost the digital transformation of traditional industries and promote higher-level trade and investment, according to experts and business leaders.

The key to globalization lies in invigorating the vitality of...