On 25 July 2024, Tashkent hosted political consultations between the Ministries of Foreign Affairs of the Republic of Uzbekistan and the Republic of Azerbaijan.
The parties conducted an in-depth review of bilateral relations. They discussed the progress of implementing agreements reached at the highest level. A schedule of upcoming events was agreed upon.
Emphasis was placed on close coordination between the Foreign Ministries to ensure successful joint projects in trade, economics, investment, culture, and humanitarian spheres.
The sides highlighted the importance of further expanding the contractual and legal framework of relations, taking into account developing ties in all areas.
Special attention was given to strengthening interaction within multilateral structures, particularly the United Nations and the Organization of Turkic States.
The parties also exchanged views on current international and regional issues.
By UzDaily
The Central Bank of Uzbekistan has unveiled the Women Entrepreneurs Finance Code in a landmark event aimed at enhancing financial inclusion and economic empowerment for women, on July 24.
The launch event was a collaborative effort between the Central Bank of Uzbekistan and the National Commission on Ensuring Gender Equality under...
The Central Bank of Uzbekistan has unveiled the Women Entrepreneurs Finance Code in a landmark event aimed at enhancing financial inclusion and economic empowerment for women, on July 24.
The launch event was a collaborative effort between the Central Bank of Uzbekistan and the National Commission on Ensuring Gender Equality under...
According to the Chairman of the Central Bank, Mamarizo Nurmuratov, in the first half of the year, the volume of remittances to Uzbekistan amounted to $6.5 billion, which is double the forecast. This indicates that the diversification of labour migration geography continues. Additionally, with the increase in non-gold exports and...
According to the Chairman of the Central Bank, Mamarizo Nurmuratov, in the first half of the year, the volume of remittances to Uzbekistan amounted to $6.5 billion, which is double the forecast. This indicates that the diversification of labour migration geography continues. Additionally, with the increase in non-gold exports and...
The Asian Development Bank (ADB) forecasts Central Asia's economic growth at 4.5% in 2024 and 5.1% in 2025, up from 4.3% and 5.0%, respectively.
In the first four months of 2024, Azerbaijan’s economy expanded by 4.3%, driven by robust activity in transport and construction, bolstered by public spending. Kyrgyzstan saw growth...
The Asian Development Bank (ADB) forecasts Central Asia's economic growth at 4.5% in 2024 and 5.1% in 2025, up from 4.3% and 5.0%, respectively.
In the first four months of 2024, Azerbaijan’s economy expanded by 4.3%, driven by robust activity in transport and construction, bolstered by public spending. Kyrgyzstan saw growth...
By the Decision from 25 July 2024, the Board of the Central Bank of Uzbekistan approved the “Procedure for calculating and announcing the yield curve of government securities”.
In order to investigate interest rates and macroeconomic expectations of financial market participants, to provide information on the relationship between debt obligations’ tenors...
By the Decision from 25 July 2024, the Board of the Central Bank of Uzbekistan approved the “Procedure for calculating and announcing the yield curve of government securities”.
In order to investigate interest rates and macroeconomic expectations of financial market participants, to provide information on the relationship between debt obligations’ tenors...
Grants are allocated for the development of innovative potential. The application deadline is September 5.
The World Bank's MUNIS project has announced the acceptance of applications for grants to small and medium enterprises under the Innovative Capability Program.
As part of the program, the World Bank will finance the development of companies'...
Grants are allocated for the development of innovative potential. The application deadline is September 5.
The World Bank's MUNIS project has announced the acceptance of applications for grants to small and medium enterprises under the Innovative Capability Program.
As part of the program, the World Bank will finance the development of companies'...
An accelerated inflow of foreign currency is expected due to exports and remittances.
As it was previously reported, the Central Bank decided on July 25 to lower the key rate to 13.5% per annum.
In a press release, the regulator notes the continued economic growth in Uzbekistan, driven by industry, construction, and...
An accelerated inflow of foreign currency is expected due to exports and remittances.
As it was previously reported, the Central Bank decided on July 25 to lower the key rate to 13.5% per annum.
In a press release, the regulator notes the continued economic growth in Uzbekistan, driven by industry, construction, and...
Problems related to accepting payments from Russia have also reached Central Asian countries: banks in Kazakhstan, Uzbekistan, Kyrgyzstan, and Tajikistan have begun to refuse payments from Russian companies.
The refusal of payments through Central Asian banks increased by 30% in July alone, and the processing time for transactions increased by 15%,...
Problems related to accepting payments from Russia have also reached Central Asian countries: banks in Kazakhstan, Uzbekistan, Kyrgyzstan, and Tajikistan have begun to refuse payments from Russian companies.
The refusal of payments through Central Asian banks increased by 30% in July alone, and the processing time for transactions increased by 15%,...
Commodity currencies slid to multi-week lows on Wednesday on weakening raw material prices, with the heaviest selling against the yen which surged to its highest in two months as short sellers bailed out ahead of next week's central bank meeting.
The Canadian dollar hit a three-month low of C$1.38 per dollar,...
Commodity currencies slid to multi-week lows on Wednesday on weakening raw material prices, with the heaviest selling against the yen which surged to its highest in two months as short sellers bailed out ahead of next week's central bank meeting.
The Canadian dollar hit a three-month low of C$1.38 per dollar,...
Saneg, a prominent Uzbek company, has initiated the production and sale of ten new motor oils in Italy.
The newly launched motor oils include synthetic varieties developed using a formula approved by General Motors (GM), conforming to the Dexos 1 Gen 3 standard. Among the notable products is Saneg Premium C3...
Saneg, a prominent Uzbek company, has initiated the production and sale of ten new motor oils in Italy.
The newly launched motor oils include synthetic varieties developed using a formula approved by General Motors (GM), conforming to the Dexos 1 Gen 3 standard. Among the notable products is Saneg Premium C3...
Uzbekistan imported gas worth $809.5mn from January to June 2024, marking an increase of over four times compared to the same period in 2023, according to the Statistics Agency.
This surge contrasts sharply with the $200mn in gas imports recorded in the first half of 2023 and surpasses the total gas...
Uzbekistan imported gas worth $809.5mn from January to June 2024, marking an increase of over four times compared to the same period in 2023, according to the Statistics Agency.
This surge contrasts sharply with the $200mn in gas imports recorded in the first half of 2023 and surpasses the total gas...
Oil prices eased on Thursday as concerns over weak demand in China, the world's largest crude importer, and expectations of a nearing ceasefire deal in the Middle East overcame gains in the previous session after draws in U.S. inventories.
Brent crude futures for September fell 59 cents, or 0.7%, to $81.12...
Oil prices eased on Thursday as concerns over weak demand in China, the world's largest crude importer, and expectations of a nearing ceasefire deal in the Middle East overcame gains in the previous session after draws in U.S. inventories.
Brent crude futures for September fell 59 cents, or 0.7%, to $81.12...
Chicago wheat and soybeans eased on Thursday while corn ticked up, as investors weighed a dry spell in part of the U.S. crop belt against favorable field conditions so far this year.
The dry weather in a swath of the northern United States and Canada supported two-week peaks for corn and...
Chicago wheat and soybeans eased on Thursday while corn ticked up, as investors weighed a dry spell in part of the U.S. crop belt against favorable field conditions so far this year.
The dry weather in a swath of the northern United States and Canada supported two-week peaks for corn and...
Gold slid 1% on Thursday, falling to its lowest level in two-weeks, as investors squared positions to focus on U.S. economic data that could offer additional insights into the timing of the Federal Reserve's potential interest rate cuts.
Spot gold fell 1% to $2,374.84 per ounce by 1016 GMT, having touched...
Gold slid 1% on Thursday, falling to its lowest level in two-weeks, as investors squared positions to focus on U.S. economic data that could offer additional insights into the timing of the Federal Reserve's potential interest rate cuts.
Spot gold fell 1% to $2,374.84 per ounce by 1016 GMT, having touched...
Copper prices dipped below $9,000 per metric ton on Thursday for the first time since April on funds selling. Three-month copper on the London Metal Exchange traded 1% lower at $9,011.5 per metric ton by 0954 GMT.
It earlier dipped to $8,900 for its lowest since March 28, breaking support level...
Copper prices dipped below $9,000 per metric ton on Thursday for the first time since April on funds selling. Three-month copper on the London Metal Exchange traded 1% lower at $9,011.5 per metric ton by 0954 GMT.
It earlier dipped to $8,900 for its lowest since March 28, breaking support level...
In an era marked by rapid economic growth and rising populations, the demand for water, energy, and other natural resources in Uzbekistan is increasing. To address these challenges, efforts are being made to develop and enhance the green energy sector, particularly within the country's water management system, the Ministry of...
In an era marked by rapid economic growth and rising populations, the demand for water, energy, and other natural resources in Uzbekistan is increasing. To address these challenges, efforts are being made to develop and enhance the green energy sector, particularly within the country's water management system, the Ministry of...
Creating conditions for them will become mandatory in banks, private schools, universities, and driving schools.
As it was earlier reported, on July 18, Shavkat Mirziyoyev signed a decree on creating a barrier-free environment for people with disabilities.
The document outlines the types of licensed activities for which the requirement to provide conveniences...
Creating conditions for them will become mandatory in banks, private schools, universities, and driving schools.
As it was earlier reported, on July 18, Shavkat Mirziyoyev signed a decree on creating a barrier-free environment for people with disabilities.
The document outlines the types of licensed activities for which the requirement to provide conveniences...
Asaka Motors plant will produce 6 models, including Sonata, Elantra, and Santa Fe. The production of Hyundai cars has started at the Asaka Motors plant in the Syrdarya region, according to the press service of the regional administration.
The owner of the enterprise, Asaka Motors International, has signed a long-term partnership...
Asaka Motors plant will produce 6 models, including Sonata, Elantra, and Santa Fe. The production of Hyundai cars has started at the Asaka Motors plant in the Syrdarya region, according to the press service of the regional administration.
The owner of the enterprise, Asaka Motors International, has signed a long-term partnership...
Industrial production in June 2024 increased by 1.9% year-on-year, Rosstat reported, this is the minimum since March 2023. The result was significantly lower than the consensus forecast of analysts, who expected output growth of 4.5% after 5.3% in May. As Alexander Isakov from Bloomberg Economics suggested the day before (his...
Industrial production in June 2024 increased by 1.9% year-on-year, Rosstat reported, this is the minimum since March 2023. The result was significantly lower than the consensus forecast of analysts, who expected output growth of 4.5% after 5.3% in May. As Alexander Isakov from Bloomberg Economics suggested the day before (his...
The steady growth of the previous days was replaced by a decline. "The reason for partial profit-taking could be the approach of tomorrow's meeting of the Bank of Russia, at which a significant increase in the key rate is expected. Investors also evaluate some internal corporate news, the deterioration of...
The steady growth of the previous days was replaced by a decline. "The reason for partial profit-taking could be the approach of tomorrow's meeting of the Bank of Russia, at which a significant increase in the key rate is expected. Investors also evaluate some internal corporate news, the deterioration of...
The Ministry of Industry and Trade intends to reduce cases of sale of foreign products to the state under the guise of Russian products. To do this, the agency will oblige manufacturers, when entering data on the origin of goods into the state information system "Industry", to report on the...
The Ministry of Industry and Trade intends to reduce cases of sale of foreign products to the state under the guise of Russian products. To do this, the agency will oblige manufacturers, when entering data on the origin of goods into the state information system "Industry", to report on the...
The Government of Russia plans to consider the five-year investment program of Russian Railways in November, now it is approved annually, Deputy Director of the Department of state Policy in the field of railway transport of the Ministry of Transport Konstantin Grigoriev said at a working meeting on the development...
The Government of Russia plans to consider the five-year investment program of Russian Railways in November, now it is approved annually, Deputy Director of the Department of state Policy in the field of railway transport of the Ministry of Transport Konstantin Grigoriev said at a working meeting on the development...
Banks in Central Asian countries have become more likely to refuse to make payments to companies from Russia, writes the Russian edition of RBC.
In July, the share of refusals in payments through banks in Kazakhstan, Kyrgyzstan, Uzbekistan and Tajikistan increased to 30%, according to a review of transport companies from...
Banks in Central Asian countries have become more likely to refuse to make payments to companies from Russia, writes the Russian edition of RBC.
In July, the share of refusals in payments through banks in Kazakhstan, Kyrgyzstan, Uzbekistan and Tajikistan increased to 30%, according to a review of transport companies from...
The yuan strengthened to one-week high on Thursday against the U.S. dollar, even after China’s central bank surprisingly lowered a lending rate, as the greenback eased due to an unwinding of short-yen carry trades.
The spot yuan opened at 7.2550 per dollar and was last trading 35 pips firmer than the...
The yuan strengthened to one-week high on Thursday against the U.S. dollar, even after China’s central bank surprisingly lowered a lending rate, as the greenback eased due to an unwinding of short-yen carry trades.
The spot yuan opened at 7.2550 per dollar and was last trading 35 pips firmer than the...
China stocks slumped on Thursday, tracking weakness in global markets, with investors worrying about the country’s economic woes after the central bank conducted a lending operation at lower rates.
The Shanghai Composite index closed at the lowest level since Feb. 19, while the Hang Seng Index finished at a three-month low.
Asian...
China stocks slumped on Thursday, tracking weakness in global markets, with investors worrying about the country’s economic woes after the central bank conducted a lending operation at lower rates.
The Shanghai Composite index closed at the lowest level since Feb. 19, while the Hang Seng Index finished at a three-month low.
Asian...
China reported steady growth in overseas investment in the first half (H1) of 2024, official data showed Thursday, indicating the country's broadened engagement in cooperation on the global market.
China's non-financial outbound direct investment (ODI) increased 16.6 percent year on year to 72.62 billion U.S. dollars in the first six months...
China reported steady growth in overseas investment in the first half (H1) of 2024, official data showed Thursday, indicating the country's broadened engagement in cooperation on the global market.
China's non-financial outbound direct investment (ODI) increased 16.6 percent year on year to 72.62 billion U.S. dollars in the first six months...
China, a major contributor to global economic growth, has reiterated its commitment to opening up during a key policy meeting, a move expected to provide much-needed certainty and opportunities to a world that has been mired in sluggish growth for years.
The country's renewed plan for opening up is part of...
China, a major contributor to global economic growth, has reiterated its commitment to opening up during a key policy meeting, a move expected to provide much-needed certainty and opportunities to a world that has been mired in sluggish growth for years.
The country's renewed plan for opening up is part of...
