Uzbek President Shavkat Mirziyoyev has lashed out at local authorities for pressuring entrepreneurs to keep food prices low, thus changing the tactics he has followed in the past.

On June 8, in his televised address to the government, Mirziyoyev said that the problem of rising cost of living is being solved...

On 16 June, President Shavkat Mirziyoyev chaired a videoconference on the priority tasks in the higher education system.

The education system is consistently developing to bring up educated and qualified individuals, train specialists who keep pace with progress. The first reforms in higher education were aimed primarily at increasing coverage, improving...

On June 15, 2021, the Central Bank of Uzbekistan issued new paper notes of the national currency with a nominal value of 2,000 and 20,000 soum into official circulation. This was done on the basis of the resolution of the Senate, which overstepped the boundaries of its powers in this...

The dollar extended its gains against a basket of currencies on Thursday, a day after the U.S. Federal Reserve surprised markets by signalling it would raise interest rates and end emergency bond-buying sooner than expected.

Fed officials on Wednesday projected an accelerated timetable for rate increases, began talks on how to end...

World equity markets were heading for their biggest fall in weeks on Thursday and U.S. stocks advanced in choppy trading after the U.S. Federal Reserve signaled it might raise interest rates at a much faster pace than assumed.

Bond yields and the dollar rose sharply on the surprise move. The greenback touched...

Copper prices fell to their lowest in two months on Thursday after the U.S. Federal Reserve brought forward its expectations for raising interest rates, sending the dollar higher and sapping demand for metals.

Prices have also been weighed down by top consumer China's plans to release industrial metals from its national...

Uzbekneftegaz is implementing an investment project Modernization of a gas purification unit using zeolite at the Shurtan headworks worth US$15.25 million.

The unit for gas purification from sulphur compounds using zeolite consists of 5 blocks. The cleaned and dried gas is transferred to the propane-butane mixture production plant, and the regeneration...

Crude oil prices fell on Thursday as the U.S. dollar strengthened after the Federal Reserve signalled it might raise interest rates faster than expected, but losses were limited by a big drop in U.S. crude oil inventories.

Brent crude oil futures dropped by 42 cents, or 0.6%, to $73.97 a barrel...

The British wholesale gas price for day-ahead delivery rose on Thursday as flows were expected to be re-routed to the continent tomorrow and amid low wind output.

The day-ahead contract rose by 0.95 pence to 68.95 pence per therm by 0836 GMT.

"The important driver on the bullish side is the expectation for rerouting...

In conditions of economic growth, more and more domestic enterprises, both large and small businesses, enter the world market. In the structure of exports, the share of industrial products with high added value is noticeably growing. Every year, many international contracts are concluded, not only goods are purchased, but also...

The Board of the Eurasian Economic Commission decided to introduce a unified non-tariff regulation measure in the form of a quantitative export restriction on buckwheat.

The measure is introduced until August 31 of this year and provides for a zero quota for the export of goods from Armenia, Belarus, Kyrgyzstan and...

The Territorial Administration of the Ministry for the Development of Information Technologies and Communications in the Bukhara region, in cooperation with Buxoro Agroklaster LLC, is working on the digitalisation of agriculture in Vabkent district.

For this purpose, the company Buxoro Agroklaster implemented the Smart map information system in 14 points of...

Chicago corn futures slid more than 2% on Thursday and soybeans dropped to a six-week low, as forecasts of improved weather in parts of the United States and a strong rise in the U.S. dollar weighed on prices.

Wheat followed the downward trend after rising earlier in Asian trade and in...

Uzbekistan has not exported gold for the past 8 months, the Ministry of Investment and Foreign Trade said. The department told what the export is made of today.

According to the State Statistics Committee, in January-April 2021, the country's foreign trade turnover reached $10,322.4 million, a decrease of $378.8 million or...

S&P Global Ratings today assigned ‘B+’ rating to the Uzbek copper producer Almalyk Mining and Metallurgy Combine.

S&P Global Ratings sees risks related to the execution of Almalyk’s large greenfield project Yoshlik as the main constraining factor for the rating.

The Yoshlik project, at a preliminary cost of Uzbekistan sum (UZS) 42,000...

Gold slipped below the $1,800 level on Thursday, after the Federal Reserve signalled earlier-than-expected interest rate increases.

Spot gold fell 0.8% to $1,797.25 per ounce by 1124 GMT, having touched its lowest since May 6 at $1,794.19.

U.S. gold futures fell 3.3% to $1,799.80 per ounce.

A majority of 11 Fed officials projected...

The information service of the Ministry of Energy posted information on how the industry is being restructured and increasing its capacity.

The message says that experts have developed a concept that includes a sequence of transition to the wholesale competitive electricity market, with the passage of three stages, in the period...

The textile industry is one of the drivers of the economy of the Andijan region. Today, there are 700 textile enterprises in the Andijan region. 

Among them is a sewing enterprise in the city of Andijan, organized by the Dinar group limited liability company. 

The abandoned building was sold at zero cost...

Uzbekistan Airways will continue to operate flights on the Tashkent-Delhi route on Tuesdays. This was reported by the press service of the airline.

Earlier it was reported that from 18 June 2021, flights on the Tashkent-Delhi route, operated on Fridays, will be canceled.

A special statte commission for the preparation of a...

Uzbekistan Airways plans to launch regular flights in the direction of Nukus - Aktau - Nukus from 21 June.

According to the airline, flights will be operated once a week - on Mondays.

The cost of a ticket on the Nukus - Aktau route starts from 1.093 million soums, and on the...

The State Commission for Tendering for the Sale of State Property made a decision regarding the privatization processes of the following large real estate objects. This was reported by the State Assets Management Agency.

In accordance with this decision, the winners have been determined:

The building of a complex for the production...

The housing issue is acute in the densely populated Andijan region. Therefore, during a previous trip to the region, the President proposed to build a new city on the undeveloped hilly terrain of Andijan region.

The city project, developed jointly with Turkish specialists, was presented on 12 April. Then the head...

The summit of the Russian and US presidents, which lasted less than 4 hours, ended better than many predicted. A joint communique on strategic stability was signed, and the ambassadors of both countries are returning in the coming days to work on bilateral relations. Furthermore, in the next six months,...

Russia climbed five spots to 45th place out of 64 in the 2021 IMD World Competitiveness Ranking of the leading economies, according to the annual ranking of the IMD International Business School and the Moscow School of Management Skolkovo.

According to the newspaper, Russia’s higher performance is linked to the development...

The Russian rouble rallied against the euro to its strongest since mid-August on Thursday and firmed versus the dollar after falling to a more than one-week low in the previous session following hawkish signals from the U.S. Federal Reserve.

The rouble strengthened for most of Wednesday after Russian President Vladimir Putin...

China stocks rose on Thursday after three straight sessions of losses as downbeat factory output data eased fears of policy tightening in the world’s second-largest economy.

The CSI300 index rose 0.3%, to 5,096.38 points at the end of the morning session, while the Shanghai Composite Index gained 0.2%, to 3,524.31 points.

The...

China's fiscal revenue jumped 24.2 percent year on year in the first five months of 2021, official data showed Thursday.

According to data released by the Ministry of Finance, the country's fiscal revenue reached nearly 9.65 trillion yuan (about 1.5 trillion U.S. dollars) during the reporting period.

Tax revenue came in at...

Date: June 18, 2021; Source: Bloomberg.com

Date: June 18, 2020; Source: the Central Bank of Uzbekistan