In June, 700 trees were felled in and along the road leading to Amirsoy Resort. The damage is estimated at 1.9 billion soum. On Thursday, the Prosecutor General's Office announced the initiation of a criminal case.

A criminal case has been initiated into the felling of 700 ornamental and fruit trees...

On 16 September, the President of the Republic of Uzbekistan Shavkat Mirziyoyev held talks with the Prime Minister of the Islamic Republic of Pakistan Imran Khan, in the city of Dushanbe.

The issues of practical implementation of agreements on the development of Uzbekistan – Pakistan multifaceted cooperation, reached during the summit...

An OSCE/ODIHR mission has arrived in Uzbekistan to observe the upcoming presidential elections, the Central Election Commission reported.

11 experts of the OSCE Office for Democratic Institutions and Human Rights (ODIHR) arrived in the country on September 14, 28 long-term observers are expected to arrive next week.

The ODIHR also plans to...

Over the past 3 years, the State Tax Committee has identified 3,500 cases of bankruptcy for the purpose of tax evasion for 6.7 trillion soum. After the liquidation of the enterprises, the founders re-open new firms.

The State Tax Committee reported 3,500 cases of deliberate bankruptcy for tax evasion.

According to the...

An operative consequence of the open dialogue between the head of state and entrepreneurs at the end of August was the Presidential Decree On measures to further reduce the administrative and tax burden for business entities, and improve the system for protecting the legitimate interests of business, signed on September...

The President signed a decree on measures to further reduce the administrative and tax burden for business entities, improve the system for protecting the legitimate interests of business.

According to the document, starting from 2022, Uzbekistan will introduce an index of freedom of entrepreneurial activity, aimed at determining and alleviating the...

The Law on Amendments and Additions to the Tax Code of the Republic of Uzbekistan was signed by the President of Uzbekistan.

In accordance with the amendments and additions made by the Law to the Tax Code, in the period until 1 January 2022, no measures are taken to enforce the...

The dollar climbed to the higher end of recent ranges against other major currencies on Thursday, as traders looked to next week's Federal Reserve policy meeting for indications on how soon the U.S central bank will start to taper stimulus.

The dollar index, which measures the U.S. currency against six others,...

European stocks were trading higher by midday on Thursday as investors turned their attention to the latest US retail sales figures due later in the day.

The benchmark Stoxx Europe 600 index was up 0.7% at 467.08, Germany's DAX was 0.5% higher at 15,691.77 and France's CAC 40 was 1% firmer at 6,650.53.

On...

China's rebounding crude demand has pushed up prices of a Russian grade popular with Chinese independent refiners to the highest in 21 months, several trade sources said on Thursday.

Russia's Surgutneftegaz sold three cargoes of ESPO (Eastern Siberia–Pacific Ocean) crude loading in November at premiums from $4.00 to above $4.20 a...

The world’s top oil importer, China, has reduced its crude imports by 5.7% since the start of 2021, but boosted natural gas purchases by over 20%, a report from the country’s State Statistical Office says.

From January to August, China imported 346.36 million tons of oil, which is 5.7% less than...

Oil slipped to about $75 a barrel on Thursday, falling from a multi-week high a day earlier, as the threat to U.S. Gulf production from Hurricane Nicholas receded.

U.S. Gulf energy companies have been able to restore pipeline service and electricity quickly after Hurricane Nicholas passed through Texas, allowing them to...

British prompt gas prices fell back from recent highs on Thursday morning, with the market slightly oversupplied, but continued concerns over low stock levels and few LNG deliveries pushed Dutch prices higher.

The British within-day gas contract was down 7.00 pence at 170 p/therm by 0849 GMT.

The British day-ahead contract was...

According to experts, overuse of pastures, as well as undergrazing, have a negative impact on the environment. Therefore, it is important to place drinking wells for livestock evenly throughout the area.

However, many wells in desert and semi-desert pastures have become unusable over time, and their restoration is a rather difficult...

Chicago wheat edged lower on Thursday, consolidating below an earlier one-week high as the market assessed reduced harvest prospects in major exporting zones.

Corn inched up, supported by this week's wheat rally that could push more feed demand towards corn.

Soybeans also remained firm, as the oilseed market set storm disruption to...

The Cabinet of Ministers agreed with the feasibility of building a new gold mining plant at the Pistali deposit (6-GMZ), having approved the feasibility study of this investment project presented by the NMMC.

The processing complex itself will be commissioned only in 2024, while it is known that of the $274.67...

Gold prices drifted lower on Thursday, with a firmer dollar and U.S bond yields diminishing its appeal, as investors turned their attention to next week’s U.S. Federal Reserve meeting for clues on when it will begin tapering its stimulus.

Spot gold was down 0.8% at $1,778.80 per ounce at 1108 GMT,...

Aluminium prices in Shanghai rose on Thursday as talks of fresh output curbs in top producer and consumer China fuelled concerns of disruption in supplies, although the gains were capped by planned release of metals from state reserves.

The most-traded October aluminium contract on the Shanghai Futures Exchange advanced 1.7% to 22,660 yuan ($3,521.75) a tonne at 0417...

ACWA Power (Saudi Arabia) won a tender for the construction of a 100 MW wind farm on the principles of public-private partnership (PPP).

On 16 September 2021, in Karauzyak district of the Republic of Karakalpakstan, a ceremony was held to open financial proposals for a project for the construction of a...

The volume of industrial production in the EAEU in January-July 2021 amounted to USD737.5 billion. This is stated in the analytical review of the Eurasian Economic Commission.

The volume of industrial production in the EAEU increased by 4.4% compared to January-July 2020.

In January-July 2021, Russia accounted for 88.5% of the total...

Since the beginning of March, the state budget has received almost 87 billion soum from the sale of plots for the installation of road cameras and radars.

The Ministry of Finance of Uzbekistan has released information on how much money has gone into the state budget from the sale of plots...

In August, the number of transactions for the purchase and sale of real estate increased by 20.6% compared to July, follows from data from the Centre for Economic Research and Reforms.

The highest growth was recorded in the Bukhara region by 37.4%, the Kashkadarya region by 33.1%, the Andijan region by...

From July 1 to September 15, the department managed to sell federal loan bonds for 741.95 billion rouble thanks to the interest of the largest systemically important banks and foreign investors, which again began to increase their investments after a long pause.

In July, the Ministry of Finance placed OFZs for...

The state debt of Russia increased by 1.48 trillion rouble in the first half of 2021 and, as of July 1, exceeded 20 trillion rouble, said on Wednesday in an analytical note of the Accounts Chamber of Russia on the implementation of the federal budget and budgets of state extra-budgetary...

The Russian rouble hit a more than 13-month high versus the euro on Thursday and hovered near its strongest against the dollar since late June, sustained by high oil prices and non-resident inflows into Russian debt.

At 0743 GMT, the rouble was steady versus the euro, trading at 85.36, having earlier...

Foreign direct investment (FDI) into the Chinese mainland, in actual use, rose 22.3 percent year on year to 758.05 billion yuan, or 113.78 billion U.S. dollars, in the first eight months of the year, the Ministry of Commerce (MOC) said Thursday.

Foreign investment in the service industry came in at 599.33...

China's non-financial outbound direct investment (ODI) reached 459.71 billion yuan in the first eight months of the year, down 4.3 percent year on year, according to official data released Thursday.

In US dollar terms, the period's ODI rose 3.7 percent from a year ago to $71.02 billion, the Ministry of Commerce...

China's economy maintained the trend of recovery in August despite disruptions from the COVID-19 epidemic and natural disasters, showing the resilience of the world's second largest economy.

The country's industrial output showed stable growth in August this year, with the value-added industrial output, a key indicator reflecting industrial activities and economic...

A session of the Collective Security Council (CSC) of the Collective Security Treaty Organization was held in Dushanbe on September 16, this year, chaired by the President of the Republic of Tajikistan Emomali Rahmon.

Prime Minister of the Republic of Armenia Nikol Pashinyan, President of the Republic of Belarus Alexander Lukashenko,...

Date: September 17, 2021; Source: Bloomberg.com

Date: September 17, 2021; Source: the Central Bank of Uzbekistan