The delegation of Uzbekistan participated in the inaugural Hamburg Stability conference held in Germany on October 7. This event gathered approximately 1,600 participants from over 100 countries, including experts from government, science, business, civil society, and international organizations, all focused on addressing contemporary global challenges.
The primary objective of the conference was to foster initiatives aimed at accelerating the implementation of the United Nations Sustainable Development Goals (SDGs) by 2030, a commitment embraced by nations worldwide.
A notable highlight of the conference was a meeting between Christiane Laibach, a member of the executive board of the KfW Development Bank, and Jamshid Kuchkarov, Uzbekistan's Deputy Prime Minister and Minister of Economy and Finance. Joining them were Stephan Opitz, another member of KfW's executive board, Umid Abidhadjaev, director of the Institute of Macroeconomic and Regional Studies, and other key representatives.
KfW Development Bank has played a pivotal role in supporting the German federal government’s development policy and international cooperation goals for more than six decades. Known for its expertise in financing and development policy, KfW is recognized as a leading development institution with extensive national and international experience.
During the discussions, participants focused on various crucial topics, including sustainable economic growth, budget support for the upcoming years, and improvements in education, employment, healthcare, and social protection systems. The meeting also emphasized green growth initiatives and explored financial cooperation between Uzbekistan and Germany, particularly regarding enhancements in the energy sector.
In a significant outcome of the meeting, an agreement was signed between the Government of Uzbekistan and the KfW Development Bank to support the state budget under the "Social and Green Growth" program. This agreement aims to bolster financial resources for sustainable development initiatives in Uzbekistan.
At the conclusion of the negotiations, both parties reaffirmed their commitment to developing and strengthening mutually beneficial relations, ensuring continuous cooperation in the area of budget support. The conference not only facilitated discussions but also set the stage for collaborative efforts towards achieving sustainable development goals in Uzbekistan.
Reported by Daryo (Uzbekistan).
In a step toward environmental sustainability, the Surkhandarya region has embarked on a tree-planting campaign as part of the national Yashil Makon (Green Nation) project. The region plans to plant 6.3mn bushes, including 1.2mn fruit tree saplings, with the goal of transforming its landscapes and contributing to the nationwide reforestation efforts.
Autumn,...
In a step toward environmental sustainability, the Surkhandarya region has embarked on a tree-planting campaign as part of the national Yashil Makon (Green Nation) project. The region plans to plant 6.3mn bushes, including 1.2mn fruit tree saplings, with the goal of transforming its landscapes and contributing to the nationwide reforestation efforts.
Autumn,...
President of Uzbekistan Shavkat Mirziyoyev has signed amendments to the Criminal Code, expanding the list of offences related to intentional minor bodily harm.
These changes were passed by the Parliament on 7 May and approved by the Senate on 10 July.
Article 109 of the Criminal Code now includes penalties for intentional...
President of Uzbekistan Shavkat Mirziyoyev has signed amendments to the Criminal Code, expanding the list of offences related to intentional minor bodily harm.
These changes were passed by the Parliament on 7 May and approved by the Senate on 10 July.
Article 109 of the Criminal Code now includes penalties for intentional...
A new World Bank report reveals that Tashkent’s PM2.5 pollution levels are over six times higher than the WHO’s recommended limit. The report, produced in collaboration with Uzbekistan’s Ministry of Ecology, Environmental Protection, and Climate Change, highlights the severe health and economic impact of air pollution in the capital. It calls...
A new World Bank report reveals that Tashkent’s PM2.5 pollution levels are over six times higher than the WHO’s recommended limit. The report, produced in collaboration with Uzbekistan’s Ministry of Ecology, Environmental Protection, and Climate Change, highlights the severe health and economic impact of air pollution in the capital. It calls...
Uzbekistan is set to implement Employee Stock Ownership Plans (ESOP) in companies with a state stake of over 50%, following the approval of regulations by the National Agency of Prospective Projects. The Ministry of Justice confirmed the new guidelines on October 8.
The initiative aims to encourage employee ownership in joint-stock...
Uzbekistan is set to implement Employee Stock Ownership Plans (ESOP) in companies with a state stake of over 50%, following the approval of regulations by the National Agency of Prospective Projects. The Ministry of Justice confirmed the new guidelines on October 8.
The initiative aims to encourage employee ownership in joint-stock...
In Uzbekistan, a total of 565,056 business entities are being assessed in the resilience ranking, according to the Chamber of Commerce and Industry of Uzbekistan.
According to the Chamber, among taxpayers, there are 315,105 registered by turnover and 249,951 by value-added tax.
As of 7 October 2024, entrepreneurs are categorized in the...
In Uzbekistan, a total of 565,056 business entities are being assessed in the resilience ranking, according to the Chamber of Commerce and Industry of Uzbekistan.
According to the Chamber, among taxpayers, there are 315,105 registered by turnover and 249,951 by value-added tax.
As of 7 October 2024, entrepreneurs are categorized in the...
As of 1 October 2024, Uzbekistan’s foreign exchange reserves amounted to US$41.14 billion, according to a report from the Central Bank of Uzbekistan.
The regulator’s data shows that Uzbekistan’s reserves increased by US$2 billion in September.
Specifically, foreign currency reserves grew from US$8.2 billion to US$8.7 billion.
As for the gold reserves, they...
As of 1 October 2024, Uzbekistan’s foreign exchange reserves amounted to US$41.14 billion, according to a report from the Central Bank of Uzbekistan.
The regulator’s data shows that Uzbekistan’s reserves increased by US$2 billion in September.
Specifically, foreign currency reserves grew from US$8.2 billion to US$8.7 billion.
As for the gold reserves, they...
In the third quarter of 2024, Uzbekistan’s tax authorities collected more than 49.1 trillion soum, which is a 21.6% increase compared to the same period last year, according to the State Tax Committee.
Specifically, the budget received 11.9 trillion soum from corporate income tax, a 16.8% rise compared to the same...
In the third quarter of 2024, Uzbekistan’s tax authorities collected more than 49.1 trillion soum, which is a 21.6% increase compared to the same period last year, according to the State Tax Committee.
Specifically, the budget received 11.9 trillion soum from corporate income tax, a 16.8% rise compared to the same...
Around 3.8 billion cubic meters of Russian gas is being supplied to Uzbekistan through Kazakhstan, according to Kazakhstan’s Minister of Energy Almasadam Satkaliyev.
He noted that the transit of Russian gas to Uzbekistan is currently taking place, amounting to approximately 3.8 billion cubic meters.
According to Satkaliyev, Kazakhstan is only conducting swap...
Around 3.8 billion cubic meters of Russian gas is being supplied to Uzbekistan through Kazakhstan, according to Kazakhstan’s Minister of Energy Almasadam Satkaliyev.
He noted that the transit of Russian gas to Uzbekistan is currently taking place, amounting to approximately 3.8 billion cubic meters.
According to Satkaliyev, Kazakhstan is only conducting swap...
Inflation expectations in Uzbekistan have continued to climb, with citizens anticipating a price increase of 13.3% over the next 12 months, according to a recent report from the Central Bank. This figure represents a 0.2% increase from August's forecast, while the median inflation rate remains unchanged at 11.1%.
Tashkent has regained...
Inflation expectations in Uzbekistan have continued to climb, with citizens anticipating a price increase of 13.3% over the next 12 months, according to a recent report from the Central Bank. This figure represents a 0.2% increase from August's forecast, while the median inflation rate remains unchanged at 11.1%.
Tashkent has regained...
Uzbekistan has increased the payment for manually harvested cotton in response to challenges in recruiting workers and enhancing their financial incentives.
Starting from October 9, the price for manually harvested cotton across all regions has been set at 2,500 UZS per kilogram, according to a statement from the Ministry of Agriculture.
Previously,...
Uzbekistan has increased the payment for manually harvested cotton in response to challenges in recruiting workers and enhancing their financial incentives.
Starting from October 9, the price for manually harvested cotton across all regions has been set at 2,500 UZS per kilogram, according to a statement from the Ministry of Agriculture.
Previously,...
The Asian Development Bank (ADB) has approved additional grant financing of US$15 million for Tajikistan to expand the existing project aimed at reconnecting the country’s energy system to the Central Asian energy system through interconnections with Uzbekistan.
Evgeny Zhukov, the ADB’s Director General for Central and West Asia, noted that the...
The Asian Development Bank (ADB) has approved additional grant financing of US$15 million for Tajikistan to expand the existing project aimed at reconnecting the country’s energy system to the Central Asian energy system through interconnections with Uzbekistan.
Evgeny Zhukov, the ADB’s Director General for Central and West Asia, noted that the...
Representatives of the Embassy of Uzbekistan met in Cairo with Khatim al-Manufi, the Managing Director of the Industrial Chamber of Construction Materials of the Federation of Egyptian Industries.
During the meeting, the parties discussed the prospects for further cooperation in the construction sector.
The Egyptian side was presented with projects for the...
Representatives of the Embassy of Uzbekistan met in Cairo with Khatim al-Manufi, the Managing Director of the Industrial Chamber of Construction Materials of the Federation of Egyptian Industries.
During the meeting, the parties discussed the prospects for further cooperation in the construction sector.
The Egyptian side was presented with projects for the...
On 9 October, President Shavkat Mirziyoyev was briefed on the project for a new general plan for Tashkent city.
Currently, the area of the city covers 43,822 hectares, with a population exceeding 3 million people. These figures are expected to continue growing in the future. In this regard, a general development...
On 9 October, President Shavkat Mirziyoyev was briefed on the project for a new general plan for Tashkent city.
Currently, the area of the city covers 43,822 hectares, with a population exceeding 3 million people. These figures are expected to continue growing in the future. In this regard, a general development...
The Lower house of Parliament of Tajikistan has ratified the Protocol on Amendments and Additions to the Agreement between the Government of the Republic of Tajikistan and the Government of the Republic of Uzbekistan on International Road Transport.
This agreement was signed on 9 March 2018. During the visit of President...
The Lower house of Parliament of Tajikistan has ratified the Protocol on Amendments and Additions to the Agreement between the Government of the Republic of Tajikistan and the Government of the Republic of Uzbekistan on International Road Transport.
This agreement was signed on 9 March 2018. During the visit of President...
Uzbekistan Airports has announced growth in its operational performance for the first nine months of 2024, with substantial increases in passenger traffic, flight activity, and cargo volume.
In the third quarter of 2024, the country's airports reported nearly a 50% rise in key metrics compared to the same period in 2023. This...
Uzbekistan Airports has announced growth in its operational performance for the first nine months of 2024, with substantial increases in passenger traffic, flight activity, and cargo volume.
In the third quarter of 2024, the country's airports reported nearly a 50% rise in key metrics compared to the same period in 2023. This...
Uzbekistan has witnessed an increase in electric car imports over the past seven years, with figures soaring by tenfold. According to preliminary data from the Statistics Agency, the country imported 12,913 electric cars valued at $166.8mn between January and August 2024, marking an increase of 2,371 vehicles compared to the previous month.
The...
Uzbekistan has witnessed an increase in electric car imports over the past seven years, with figures soaring by tenfold. According to preliminary data from the Statistics Agency, the country imported 12,913 electric cars valued at $166.8mn between January and August 2024, marking an increase of 2,371 vehicles compared to the previous month.
The...
The Uzbek airline Uzbekistan Airways plans to add a new flight to Indonesia in its winter schedule for 2024/25, according to data from the Aeroroutes portal.
Starting from 3 December 2024, crews will operate flights to Denpasar once a week, following this schedule:
HY543 TAS2300 – 1100+1 DPS 787 2
HY544 DPS1215 –...
The Uzbek airline Uzbekistan Airways plans to add a new flight to Indonesia in its winter schedule for 2024/25, according to data from the Aeroroutes portal.
Starting from 3 December 2024, crews will operate flights to Denpasar once a week, following this schedule:
HY543 TAS2300 – 1100+1 DPS 787 2
HY544 DPS1215 –...
The airline Silk Avia has launched regular flights on the Ferghana – Samarkand – Ferghana route.
The first flight from Ferghana arrived at Samarkand International Airport on 8 October at 14:40 local time. Flights will operate once a week on Tuesdays.
Departure from Ferghana is scheduled for 13:00, with arrival in Samarkand...
The airline Silk Avia has launched regular flights on the Ferghana – Samarkand – Ferghana route.
The first flight from Ferghana arrived at Samarkand International Airport on 8 October at 14:40 local time. Flights will operate once a week on Tuesdays.
Departure from Ferghana is scheduled for 13:00, with arrival in Samarkand...
Uzbekistan is taking measures to prevent the spread of Marburg hemorrhagic fever, as reported by the Committee for Sanitary and Epidemiological Welfare and Public Health.
The Committee emphasized that on 29 September, the World Health Organization (WHO) reported registered cases of Marburg fever in Rwanda. As of 28 September, 26 cases...
Uzbekistan is taking measures to prevent the spread of Marburg hemorrhagic fever, as reported by the Committee for Sanitary and Epidemiological Welfare and Public Health.
The Committee emphasized that on 29 September, the World Health Organization (WHO) reported registered cases of Marburg fever in Rwanda. As of 28 September, 26 cases...
The rouble exchange rate against foreign currencies continues to weaken noticeably, rewriting annual lows. The September tax period for exporters did not help the rouble either. It was from the beginning of last month that a noticeable devaluation began. Yesterday, the Bank of Russia explained the reasons for the fall...
The rouble exchange rate against foreign currencies continues to weaken noticeably, rewriting annual lows. The September tax period for exporters did not help the rouble either. It was from the beginning of last month that a noticeable devaluation began. Yesterday, the Bank of Russia explained the reasons for the fall...
The Russian stock market spent another day in the red, continuing the negative dynamics of the previous day, even relatively high oil prices do not save the indices from falling. By 14:10 Moscow time, the Moscow Stock Exchange index sank by 0.9% to 2,764.23 points.
"The pressure on the market is...
The Russian stock market spent another day in the red, continuing the negative dynamics of the previous day, even relatively high oil prices do not save the indices from falling. By 14:10 Moscow time, the Moscow Stock Exchange index sank by 0.9% to 2,764.23 points.
"The pressure on the market is...
Central Bank Deputy Chairman Alexei Zabotkin, in the context of budget hearings, said that inflation in Russia is largely fuelled by competition between companies for limited resources in conditions of overheated aggregate demand. In particular, this causes an increase in prices for the construction of new facilities, equipping them with...
Central Bank Deputy Chairman Alexei Zabotkin, in the context of budget hearings, said that inflation in Russia is largely fuelled by competition between companies for limited resources in conditions of overheated aggregate demand. In particular, this causes an increase in prices for the construction of new facilities, equipping them with...
The Ministry of Labour has formed several systemic comments on the new draft law of the Ministry of Energy on the platform economy, follows from a letter from Deputy Minister Dmitry Platygin to the Ministry of Economic Development.
Firstly, the Ministry considers it necessary to establish a ban on the acceptance...
The Ministry of Labour has formed several systemic comments on the new draft law of the Ministry of Energy on the platform economy, follows from a letter from Deputy Minister Dmitry Platygin to the Ministry of Economic Development.
Firstly, the Ministry considers it necessary to establish a ban on the acceptance...
Container transportation via the Russian Railways network in all types of communication, including export, import and transit, increased in January-September 2024 by 7.8% compared to the same period last year, to 5.871 million TEU of loaded and empty containers, the company said.
In particular, over 2.3 million TEUs were sent in...
Container transportation via the Russian Railways network in all types of communication, including export, import and transit, increased in January-September 2024 by 7.8% compared to the same period last year, to 5.871 million TEU of loaded and empty containers, the company said.
In particular, over 2.3 million TEUs were sent in...
Germany in August compared with July reduced the exports of 9.5% to 627,2 million euro, the report said the Federal statistical office of Germany (Destatis).
Imports from Russia the month before last fell by 29.1% to 102.8 million euro.
August exports to Russia were 11.8% lower than a year earlier, while imports...
Germany in August compared with July reduced the exports of 9.5% to 627,2 million euro, the report said the Federal statistical office of Germany (Destatis).
Imports from Russia the month before last fell by 29.1% to 102.8 million euro.
August exports to Russia were 11.8% lower than a year earlier, while imports...
Chinese stocks fell sharply in trading on October 9. Thus, the main Chinese stock index CSI 300 experienced the sharpest drop in almost 4.5 years and interrupted a ten-day growth period. Indices in Hong Kong continued the decline that began on Tuesday. The Chinese authorities disappointed investors with the lack...
Chinese stocks fell sharply in trading on October 9. Thus, the main Chinese stock index CSI 300 experienced the sharpest drop in almost 4.5 years and interrupted a ten-day growth period. Indices in Hong Kong continued the decline that began on Tuesday. The Chinese authorities disappointed investors with the lack...
According to the Chinese Centre for Foreign Exchange Transactions, today, compared with the previous trading day, the central parity rate of the Chinese yuan against the US dollar strengthened by 141 basis points to 7,0568 yuan per dollar.
On the previous trading day, the exchange rate of the yuan against the...
According to the Chinese Centre for Foreign Exchange Transactions, today, compared with the previous trading day, the central parity rate of the Chinese yuan against the US dollar strengthened by 141 basis points to 7,0568 yuan per dollar.
On the previous trading day, the exchange rate of the yuan against the...
Trading on Chinese stock exchanges ended today with a decrease in quotations. The Shanghai Composite index, reflecting the situation on the Shanghai Stock Exchange, decreased by 6.62 percent. compared with the results of the previous trading day, up to 3258.86 points.
The Shenzhen Component indicator, which is an indicator of business...
Trading on Chinese stock exchanges ended today with a decrease in quotations. The Shanghai Composite index, reflecting the situation on the Shanghai Stock Exchange, decreased by 6.62 percent. compared with the results of the previous trading day, up to 3258.86 points.
The Shenzhen Component indicator, which is an indicator of business...
China will expand the "white list" mechanism to ensure that all qualified developers have equal access to financial assistance in the implementation of relevant real estate projects.
Financial institutions are required to issue loans in a timely manner for relevant real estate projects and meet rational financing needs, the Ministry of...
China will expand the "white list" mechanism to ensure that all qualified developers have equal access to financial assistance in the implementation of relevant real estate projects.
Financial institutions are required to issue loans in a timely manner for relevant real estate projects and meet rational financing needs, the Ministry of...
