A working meeting was held at the Ministry of Investment and Foreign Trade on 20 March, devoted to the strict implementation of the instructions of the President of the Republic of Uzbekistan to accelerate the implementation of investment projects and increase the level of development of attracted investments.
The necessity of prompt elimination of deficiencies in this direction was noted, bearing in mind the elaboration of external factors complicating investment activity, as well as ensuring active intra-and inter-agency cooperation, which would allow to achieve synergies in solving common problems.
In this regard, comprehensively considered the possibility of simplifying the mechanisms of administrative and licensing procedures of one of the most important tasks facing the state to achieve the effectiveness of its investment policy.
The meeting participants also touched on issues of activating the implementation of public-private partnerships in all sectors of the economy, as a well-established and effective system in this area is a key factor in attracting investments, and therefore the heads of relevant departments were instructed to form investment proposals.
Following the meeting, specific measures were planned as part of instructions from the Republic’s leadership on the formation of a portfolio of investment projects involving foreign direct investment in the energy, oil and gas, chemical industries, engineering, electrical engineering, information technologies and other important areas, and a set of measures to ensure the implementation of instructions was formed, data during a meeting held by the President of the Republic of Uzbekistan earlier in the day.
Reported by the Uzbekistan Daily.
According to the Central Bank of the Russian federation, as of 2018, Uzbekistan became leader among the CIS countries in terms of remittances from RF.
Over the year, Uzbekistan received $4.082 billion, being second only to Switzerland ($9.161 billion). According to the regulator, the main amount of transfers to Uzbekistan was...
According to the Central Bank of the Russian federation, as of 2018, Uzbekistan became leader among the CIS countries in terms of remittances from RF.
Over the year, Uzbekistan received $4.082 billion, being second only to Switzerland ($9.161 billion). According to the regulator, the main amount of transfers to Uzbekistan was...
The United Nations Sustainable Development Solutions Network in partnership with the Ernesto Illy Foundation has published the World Happiness Report 2019, according to which Finland is recognized as the happiest country of the world for the second consecutive year. Uzbekistan in the ranking rose from the 44th...
The United Nations Sustainable Development Solutions Network in partnership with the Ernesto Illy Foundation has published the World Happiness Report 2019, according to which Finland is recognized as the happiest country of the world for the second consecutive year. Uzbekistan in the ranking rose from the 44th to the 41st...
President of the Republic of Uzbekistan Shavkat Mirziyoyev held a meeting on speeding up the implementation of investment projects and work on attracting direct investment.
Investment is the driving force of the economy, its driver. In recent years, all over the world attracting investment from outside has become increasingly difficult. So,...
President of the Republic of Uzbekistan Shavkat Mirziyoyev held a meeting on speeding up the implementation of investment projects and work on attracting direct investment.
Investment is the driving force of the economy, its driver. In recent years, all over the world attracting investment from outside has become increasingly difficult. So,...
On 18 March, the Ministry of Investment and Foreign Trade of Uzbekistan held a meeting with the delegation of the Asian Infrastructure Investment Bank headed by K. Limitovsky, senior adviser to the president of the bank. During the meeting, the sides exchanged views on the prospects for comprehensive cooperation of...
On 18 March, the Ministry of Investment and Foreign Trade of Uzbekistan held a meeting with the delegation of the Asian Infrastructure Investment Bank headed by K. Limitovsky, senior adviser to the president of the bank. During the meeting, the sides exchanged views on the prospects for comprehensive cooperation of...
Due to systematic violations related to transactions on the currency exchange (UzRVB), a number of commercial banks temporarily, until clarification of circumstances, were excluded from participation in the auction (Hamkorbank, Turkiston Bank, HiTech Bank, Universal Bank, Invest Finance Bank, Ipak Yuli Bank, Savdogarbank, Trust Bank, Asia Alliance Bank).
These banks were...
Due to systematic violations related to transactions on the currency exchange (UzRVB), a number of commercial banks temporarily, until clarification of circumstances, were excluded from participation in the auction (Hamkorbank, Turkiston Bank, HiTech Bank, Universal Bank, Invest Finance Bank, Ipak Yuli Bank, Savdogarbank, Trust Bank, Asia Alliance Bank).
These banks were...
On March 20, the Trustbank was admitted to currency trading in the regular mode, the press service of the bank reports.
Earlier, the Central Bank of Uzbekistan suspended 9 banks from participation in bidding on the Republican Currency Exchange for the purchase and sale of foreign currency. The...
On March 20, the Trustbank was admitted to currency trading in the regular mode, the press service of the bank reports.
Earlier, the Central Bank of Uzbekistan suspended 9 banks from participation in bidding on the Republican Currency Exchange for the purchase and sale of foreign currency. The Central Bank stated...
During the visit of a delegation of the Republic of Uzbekistan to London (United Kingdom) on 21 March 2019, Uzpromstroybank (Uzbek Industrial and Construction Bank) and the European Bank for Reconstruction and Development (EBRD) signed several agreements.
The sides, in particular, inked an agreement on participation of Uzpromstroybank in the EBRD...
During the visit of a delegation of the Republic of Uzbekistan to London (United Kingdom) on 21 March 2019, Uzpromstroybank (Uzbek Industrial and Construction Bank) and the European Bank for Reconstruction and Development (EBRD) signed several agreements.
The sides, in particular, inked an agreement on participation of Uzpromstroybank in the EBRD...
The dollar slid against the safe-haven Japanese yen on Friday as dismal U.S. manufacturing data fueled worries about the wider economy, and bond yields signaled growing fears of a recession.
The dollar, however, rose against the euro as a much weaker-than-expected German manufacturing survey raised concerns that Europe’s powerhouse economy may...
The dollar slid against the safe-haven Japanese yen on Friday as dismal U.S. manufacturing data fueled worries about the wider economy, and bond yields signaled growing fears of a recession.
The dollar, however, rose against the euro as a much weaker-than-expected German manufacturing survey raised concerns that Europe’s powerhouse economy may...
Russian Tatneft is negotiating the company's participation in joint projects in Kazakhstan, Uzbekistan and Iraq. This was reported on Saturday by the press service of the oil company following a meeting of the board of directors chaired by the president of Tatarstan Rustam Minnikhanov.
“In 2019, the work was resumed to...
Russian Tatneft is negotiating the company's participation in joint projects in Kazakhstan, Uzbekistan and Iraq. This was reported on Saturday by the press service of the oil company following a meeting of the board of directors chaired by the president of Tatarstan Rustam Minnikhanov.
“In 2019, the work was resumed to...
Uzbekistan postponed the construction of the Jizzakh refinery. This was stated by the deputy director of Neftegazinvest (a division of Uzbekneftegaz) Husniddin Turaev.
This decision was made due to the fact that now there are three oil refineries (Bukhara, Fergana and Alty-Aryk) with a total capacity of 11 million tons of...
Uzbekistan postponed the construction of the Jizzakh refinery. This was stated by the deputy director of Neftegazinvest (a division of Uzbekneftegaz) Husniddin Turaev.
This decision was made due to the fact that now there are three oil refineries (Bukhara, Fergana and Alty-Aryk) with a total capacity of 11 million tons of...
Oil fell about 2 percent on Friday, slipping further from 2019 highs as focus shifted to a lack of progress in U.S.-China trade talks and as grim manufacturing data from Germany and the U.S. reignited fears of a slowdown in the global economy and oil demand.
Wall Street’s main indexes tumbled...
Oil fell about 2 percent on Friday, slipping further from 2019 highs as focus shifted to a lack of progress in U.S.-China trade talks and as grim manufacturing data from Germany and the U.S. reignited fears of a slowdown in the global economy and oil demand.
Wall Street’s main indexes tumbled...
British wholesale gas prices were mostly lower on Friday morning due to strong supply, especially from liquefied natural gas.
The within-day gas price was down 0.45 pence at 36.60 p/therm at 0942 GMT.
April gas declined by 0.50 pence to 36.50 p/therm
Strong supplies, especially from expected arrivals of liquefied natural gas (LNG)...
British wholesale gas prices were mostly lower on Friday morning due to strong supply, especially from liquefied natural gas.
The within-day gas price was down 0.45 pence at 36.60 p/therm at 0942 GMT.
April gas declined by 0.50 pence to 36.50 p/therm
Strong supplies, especially from expected arrivals of liquefied natural gas (LNG)...
The State Statistics Committee has published information on the minimum and maximum prices for certain types of food products in the regional commodity markets of the republic.
The press service of the committee declared that the information on the minimum and maximum prices for certain types of food products is based...
The State Statistics Committee has published information on the minimum and maximum prices for certain types of food products in the regional commodity markets of the republic.
The press service of the committee declared that the information on the minimum and maximum prices for certain types of food products is based...
In January-February 2019, export of pepper from Uzbekistan increased by 10.8 times, follows from the data of the State Statistics Committee.
Since the beginning of the year alone, sales of pepper abroad have brought Uzbekistan more than $15 million. Thanks to this, pepper has become one of the leading commodities in...
In January-February 2019, export of pepper from Uzbekistan increased by 10.8 times, follows from the data of the State Statistics Committee.
Since the beginning of the year alone, sales of pepper abroad have brought Uzbekistan more than $15 million. Thanks to this, pepper has become one of the leading commodities in...
On 20 March 2019, a memorandum of cooperation was signed between Buyuk Kelajak and Uzagrolizing JSC.
The parties agreed to cooperate based on the use of advanced foreign experience in the following areas:
- study of the needs of lessees in modern agricultural and other machinery, equipment and mini-technologies implemented on a...
On 20 March 2019, a memorandum of cooperation was signed between Buyuk Kelajak and Uzagrolizing JSC.
The parties agreed to cooperate based on the use of advanced foreign experience in the following areas:
- study of the needs of lessees in modern agricultural and other machinery, equipment and mini-technologies implemented on a...
Presidential resolution “On measures for further development and support of the livestock industry” was adopted.
According to the resolution, cattle farms and other agricultural enterprises will be allocated rainfed and grazing land plots in the reserve of district khokimiyats, with obligations to grow fodder crops and introduce drip and sprinkling irrigation...
Presidential resolution “On measures for further development and support of the livestock industry” was adopted.
According to the resolution, cattle farms and other agricultural enterprises will be allocated rainfed and grazing land plots in the reserve of district khokimiyats, with obligations to grow fodder crops and introduce drip and sprinkling irrigation...
The Government of Uzbekistan ceases to regulate the price of cotton oil intended for socially vulnerable segments of the population and the formation of a state strategic reserve, implemented under direct contracts, as well as husks and meal of cotton seeds, the press service of the Ministry of Justice said.
In...
The Government of Uzbekistan ceases to regulate the price of cotton oil intended for socially vulnerable segments of the population and the formation of a state strategic reserve, implemented under direct contracts, as well as husks and meal of cotton seeds, the press service of the Ministry of Justice said.
In...
A massive supply of grains has shielded the futures markets from the impact of flooding in the U.S. Midwest so far, with traders largely shrugging off this week’s reports of destroyed storage bins, swamped elevators and questions about if waters will recede in time for planting.
The problem is grain glut...
A massive supply of grains has shielded the futures markets from the impact of flooding in the U.S. Midwest so far, with traders largely shrugging off this week’s reports of destroyed storage bins, swamped elevators and questions about if waters will recede in time for planting.
The problem is grain glut...
By a resolution of the Cabinet of Ministers, regulation on the procedure for implementation of activities for extracting precious metals by prospecting has been announced.
Licences are issued on the basis of online trading for a period of three years. The State Committee on Geology and Mineral Resources...
By a resolution of the Cabinet of Ministers, regulation on the procedure for implementation of activities for extracting precious metals by prospecting has been announced.
Licences are issued on the basis of online trading for a period of three years. The State Committee on Geology and Mineral Resources approves the list...
The Epsilon Development Company and Oberhofer Projektmanagement GmbH created an enterprise for construction of a plant for the production of metal structures. This was stated by the press service of Epsilon Development Company.
The developing economy of Uzbekistan, the increasing volumes of construction, development of transport infrastructure require a large number...
The Epsilon Development Company and Oberhofer Projektmanagement GmbH created an enterprise for construction of a plant for the production of metal structures. This was stated by the press service of Epsilon Development Company.
The developing economy of Uzbekistan, the increasing volumes of construction, development of transport infrastructure require a large number...
Gold edged higher on Friday as weak economic data from the euro zone exacerbated fears of a global slowdown, weighing on risk sentiment and putting bullion on track for its best week in nearly two months.
Spot gold was up about 0.4 percent at $1,314.56 per ounce by 10 a.m. EDT...
Gold edged higher on Friday as weak economic data from the euro zone exacerbated fears of a global slowdown, weighing on risk sentiment and putting bullion on track for its best week in nearly two months.
Spot gold was up about 0.4 percent at $1,314.56 per ounce by 10 a.m. EDT...
Copper prices fell on Friday as weak European and U.S. factory data spread gloom about the global economic outlook and strengthened the dollar.
Benchmark copper on the London Metal Exchange (LME) closed 1.7 percent lower at $6,312 a tonne, slipping from an eight-month high of $6,555.50 on Thursday.
It logged its biggest...
Copper prices fell on Friday as weak European and U.S. factory data spread gloom about the global economic outlook and strengthened the dollar.
Benchmark copper on the London Metal Exchange (LME) closed 1.7 percent lower at $6,312 a tonne, slipping from an eight-month high of $6,555.50 on Thursday.
It logged its biggest...
The Yildirim Enerji Holding A.Ş (Turkey) will take part in the construction of a combined-cycle thermal power plant in Surkhandarya region of Uzbekistan.
On 20 March, the Ministry of Energy of Uzbekistanand Yildirim Enerji Holding A.Ş signed an agreement Head Of Terms, the press service of the Ministry of Energy informs.
The...
The Yildirim Enerji Holding A.Ş (Turkey) will take part in the construction of a combined-cycle thermal power plant in Surkhandarya region of Uzbekistan.
On 20 March, the Ministry of Energy of Uzbekistanand Yildirim Enerji Holding A.Ş signed an agreement Head Of Terms, the press service of the Ministry of Energy informs.
The...
The 18th International Exhibition of Cabex-2019 cable and wire products is being held in Moscow from 19 to 21 March.
It should be noted that over the past years, Cabex has received wide recognition as one of the main events in the electrical industry. It is organized by the All-Russian Research...
The 18th International Exhibition of Cabex-2019 cable and wire products is being held in Moscow from 19 to 21 March.
It should be noted that over the past years, Cabex has received wide recognition as one of the main events in the electrical industry. It is organized by the All-Russian Research...
On 18 March, a meeting was held at the Ministry of Finance with delegation under the leadership of the Deputy State Secretary, the Federal Department of Finance and Financial Markets of Switzerland and the State Secretariat for International Finance, SIF, the Federal Financial Department, Alexander Carrer.
The head of the delegation...
On 18 March, a meeting was held at the Ministry of Finance with delegation under the leadership of the Deputy State Secretary, the Federal Department of Finance and Financial Markets of Switzerland and the State Secretariat for International Finance, SIF, the Federal Financial Department, Alexander Carrer.
The head of the delegation...
Despite multiple unfavorable factors, China's macro economy remained stable in the first two months, a report has said.
The National Academy of Development and Strategy under Renmin University of China said in its monthly report that the economy performed well during the January-February period against impact from setbacks in globalization, frustrated...
Despite multiple unfavorable factors, China's macro economy remained stable in the first two months, a report has said.
The National Academy of Development and Strategy under Renmin University of China said in its monthly report that the economy performed well during the January-February period against impact from setbacks in globalization, frustrated...
Chinese stocks closed higher Friday with the industrial hemp related companies and tourism sector leading the gains.
The benchmark Shanghai Composite Index rose 0.09 percent to close at 3,104.15, while the Shenzhen Component Index closed 0.1 percent higher at 9,879.21.
Combined trading volume on the two bourses dropped to 801.94 billion yuan...
Chinese stocks closed higher Friday with the industrial hemp related companies and tourism sector leading the gains.
The benchmark Shanghai Composite Index rose 0.09 percent to close at 3,104.15, while the Shenzhen Component Index closed 0.1 percent higher at 9,879.21.
Combined trading volume on the two bourses dropped to 801.94 billion yuan...
China's treasury bond futures closed higher on Friday, with the contract for June 2019 closing 0.08 percent higher at 99.50 yuan (about 14.86 U.S. dollars).
The contract for settlement in September 2019 closed 0.01 percent higher at 99.17 yuan. The contract for settlement in December 2019 closed 0.16 percent higher at...
China's treasury bond futures closed higher on Friday, with the contract for June 2019 closing 0.08 percent higher at 99.50 yuan (about 14.86 U.S. dollars).
The contract for settlement in September 2019 closed 0.01 percent higher at 99.17 yuan. The contract for settlement in December 2019 closed 0.16 percent higher at...
The Russian rouble firmed on Friday, supported by local tax payments and ahead of the central bank key rate decision later in the day.
The central bank is expected to publish the press release after the meeting at 1030 GMT, and the governor Elvira Nabiullina will hold a news conference at...
The Russian rouble firmed on Friday, supported by local tax payments and ahead of the central bank key rate decision later in the day.
The central bank is expected to publish the press release after the meeting at 1030 GMT, and the governor Elvira Nabiullina will hold a news conference at...
Azerbaijan expects to transship at least 4 million tons of Turkmen oil via the Baku-Tbilisi-Ceyhan (BTC) pipeline in 2020, Elshad Nassirov, vice president for marketing and investments of Azerbaijan’s state oil company SOCAR, said in an interview with S&P Global Platts, Trend reports.
SOCAR transports crude oil from Turkmenistan across...
Azerbaijan expects to transship at least 4 million tons of Turkmen oil via the Baku-Tbilisi-Ceyhan (BTC) pipeline in 2020, Elshad Nassirov, vice president for marketing and investments of Azerbaijan’s state oil company SOCAR, said in an interview with S&P Global Platts, Trend reports.
SOCAR transports crude oil from Turkmenistan across the Caspian Sea...
| INDEX | UNITS | PRICE | CHANGE | %CHANGE | CONTRACT | TIME (EDT) |
|---|---|---|---|---|---|---|
| CL1:COMWTI Crude Oil (Nymex) | USD/bbl. | 58.60 | -0.44 | -0.75% | May 2019 | 1:27 AM |
| CO1:COMBrent Crude (ICE) | USD/bbl. | 66.66 | -0.37 | -0.55% | May 2019 | 1:26 AM |
| XB1:COMRBOB Gasoline (Nymex) | USd/gal. | 192.00 | -0.59 | -0.31% | Apr 2019 | 12:59 AM |
| NG1:COMNatural Gas (Nymex) | USD/MMBtu | 2.73 | -0.02 | -0.91% | Apr 2019 | 1:19 AM |
| HO1:COMHeating Oil (Nymex) | USd/gal. | 195.71 | -0.88 | -0.45% | Apr 2019 | 1:10 AM |
| INDEX | UNITS | PRICE | CHANGE | %CHANGE | CONTRACT | TIME (EDT) |
|---|---|---|---|---|---|---|
| GC1:COMGold (Comex) | USD/t oz. | 1,322.00 | +3.30 | +0.25% | Jun 2019 | 1:27 AM |
| XAUUSD:CURGold Spot | USD/t oz. | 1,316.44 | +2.76 | +0.21% | N/A | 1:37 AM |
| SI1:COMSilver (Comex) | USD/t oz. | 15.46 | +0.05 | +0.34% | May 2019 | 1:27 AM |
| HG1:COMCopper (Comex) | USd/lb. | 284.90 | +0.65 | +0.23% | May 2019 | 1:27 AM |
| XPTUSD:CURPlatinum Spot | USD/t oz. | 849.89 | +2.66 | +0.31% | N/A | 1:38 AM |
| INDEX | UNITS | PRICE | CHANGE | %CHANGE | CONTRACT | TIME (EDT) |
|---|---|---|---|---|---|---|
| C 1:COMCorn (CBOT) | USd/bu. | 379.25 | +1.00 | +0.26% | May 2019 | 1:27 AM |
| W 1:COMWheat (CBOT) | USd/bu. | 465.50 | -0.50 | -0.11% | May 2019 | 1:27 AM |
| CC1:COMCocoa (ICE) | USD/MT | 2,159.00 | +27.00 | +1.27% | May 2019 | 3/22/2019 |
| CT1:COMCotton #2 (ICE) | USd/lb. | 76.90 | +0.32 | +0.42% | May 2019 | 1:21 AM |
| LC1:COMLive Cattle (CME) | USd/lb. | 123.50 | -0.40 | -0.32% | Jun 2019 | 3/22/2019 |
Date: March 25, 2018; Source: Bloomberg.com
Energy
| INDEX | UNITS | PRICE | CHANGE | %CHANGE | CONTRACT | TIME (EDT) |
|---|---|---|---|---|---|---|
| CL1:COMWTI Crude Oil (Nymex) | USD/bbl. | 58.60 | -0.44 | -0.75% | May 2019 | 1:27 AM |
| CO1:COMBrent Crude (ICE) | USD/bbl. | 66.66 | -0.37 | -0.55% | May 2019 | 1:26 AM |
| XB1:COMRBOB Gasoline (Nymex) | USd/gal. | 192.00 | -0.59 | -0.31% | Apr 2019 | 12:59 AM |
| NG1:COMNatural Gas (Nymex) | USD/MMBtu | 2.73 | -0.02 | -0.91% | Apr 2019 | 1:19 AM |
| HO1:COMHeating Oil (Nymex) | USd/gal. | 195.71 | -0.88 | -0.45% | Apr 2019 | 1:10 AM |
Precious and Industrial Metals
| INDEX | UNITS | PRICE | CHANGE | %CHANGE | CONTRACT | TIME (EDT) |
|---|---|---|---|---|---|---|
| GC1:COMGold (Comex) | USD/t oz. | 1,322.00 | +3.30 | +0.25% | Jun 2019 | 1:27 AM |
| XAUUSD:CURGold Spot | USD/t oz. | 1,316.44 | +2.76 | +0.21% | N/A | 1:37 AM |
| SI1:COMSilver (Comex) | USD/t oz. | 15.46 | +0.05 | +0.34% | May 2019 | 1:27 AM |
| HG1:COMCopper (Comex) | USd/lb. | 284.90 | +0.65 | +0.23% | May 2019 | 1:27 AM |
| XPTUSD:CURPlatinum Spot | USD/t oz. | 849.89 | +2.66 | +0.31% | N/A | 1:38 AM |
Agriculture
| INDEX | UNITS | PRICE | CHANGE | %CHANGE | CONTRACT | TIME (EDT) |
|---|---|---|---|---|---|---|
| C 1:COMCorn (CBOT) | USd/bu. | 379.25 | +1.00 | +0.26% | May 2019 | 1:27 AM |
| W 1:COMWheat (CBOT) | USd/bu. | 465.50 | -0.50 | -0.11% | May 2019 | 1:27 AM |
| CC1:COMCocoa (ICE) | USD/MT | 2,159.00 | +27.00 | +1.27% | May 2019 | 3/22/2019 |
| CT1:COMCotton #2 (ICE) | USd/lb. | 76.90 | +0.32 | +0.42% | May 2019 | 1:21 AM |
| LC1:COMLive Cattle (CME) | USd/lb. | 123.50 | -0.40 | -0.32% | Jun 2019 | 3/22/2019 |
| 1 US DOLLAR | USD / UZS | 8378.04 |
| 1 EURO | EUR / UZS | 9488.13 |
| 1 RUSSIAN ROUBLE | RUB / UZS | 129.09 |
| 1 ENGLISH POUND | GBP / UZS | 11133.58 |
| 1 KAZAKHSTAN TENGE | KZT / UZS | 22.09 |
Date: March 25, 2019; Source: the Central Bank of Uzbekistan
|
1 US DOLLAR |
USD / UZS |
8378.04 |
|
1 EURO |
EUR / UZS |
9488.13 |
|
1 RUSSIAN ROUBLE |
RUB / UZS |
129.09 |
|
1 ENGLISH POUND |
GBP / UZS |
11133.58 |
|
1 KAZAKHSTAN TENGE |
KZT / UZS |
22.09 |
