On 18 March, President of Uzbekistan Shavkat Mirziyoyev had a telephone conversation with Russian President Vladimir Putin.
During the conversation, Shavkat Mirziyoyev cordially congratulated Vladimir Putin on his convincing victory in the presidential elections of Russia, expressing warm wishes for his further success.
The head of the Uzbek state especially emphasized that the high voter turnout and voting results once again confirmed the enormous trust of Russians in the current President of the country, as well as their broad support for the political course and ongoing socio-economic reforms.
Mirziyoyev also noted the high level of Uzbek-Russian relations, which are characterized by comprehensive strategic partnership and alliance. He noted that the volume of mutual trade turnover is growing at a steady pace, investment projects are being implemented in various sectors of the economy, cooperation ties between enterprises and regions are being strengthened, and cultural and humanitarian exchange is actively developing.
Upcoming high-level events were also discussed, including the next International Industrial Exhibition INNOPROM, which will be held in April in Tashkent and will become an effective platform for promoting new forms and promising projects of cooperation between the two countries.
By UzDaily
According to the Statistics Agency, in January-February 2024, 137,459 newborns were registered with the civil registry office of the republic. Compared to the same period of the previous year, this figure decreased by 3,631 (2.6%).
Economist Otabek Bakirov notes that some trends indicate that this situation may continue.
“Firstly, the number of...
According to the Statistics Agency, in January-February 2024, 137,459 newborns were registered with the civil registry office of the republic. Compared to the same period of the previous year, this figure decreased by 3,631 (2.6%).
Economist Otabek Bakirov notes that some trends indicate that this situation may continue.
“Firstly, the number of...
Ambassador of Uzbekistan Rahmatulla Nazarov recently held a meeting with Andrey Ivanes, the Minister of Education of Belarus to discuss advancement in the field of higher education.
During the discussion, the Belarusian side commended the outcomes of President Alexander Lukashenko's official visit to Uzbekistan from February 7-9, 2024. Both parties highlighted the agreements...
Ambassador of Uzbekistan Rahmatulla Nazarov recently held a meeting with Andrey Ivanes, the Minister of Education of Belarus to discuss advancement in the field of higher education.
During the discussion, the Belarusian side commended the outcomes of President Alexander Lukashenko's official visit to Uzbekistan from February 7-9, 2024. Both parties highlighted the agreements...
Uzbekistan has witnessed a substantial influx of foreign investments and loans in its fixed capital during the year 2023, amounting to a total of UZS 187.9 trillion ($14.9 bn), the Statistics Agency reported.
The breakdown of these investments and loans reveals a diverse range of financial instruments contributing to the country's economic growth....
Uzbekistan has witnessed a substantial influx of foreign investments and loans in its fixed capital during the year 2023, amounting to a total of UZS 187.9 trillion ($14.9 bn), the Statistics Agency reported.
The breakdown of these investments and loans reveals a diverse range of financial instruments contributing to the country's economic growth....
The Asian Infrastructure Investment Bank (AIIB) has announced a substantial investment of $670mn to bolster Uzbekistan's ongoing reform initiatives, aimed at propelling the nation towards a more inclusive and resilient market economy.
The funding, approved by the AIIB, is set to aid Uzbekistan in implementing crucial reforms across various sectors. The...
The Asian Infrastructure Investment Bank (AIIB) has announced a substantial investment of $670mn to bolster Uzbekistan's ongoing reform initiatives, aimed at propelling the nation towards a more inclusive and resilient market economy.
The funding, approved by the AIIB, is set to aid Uzbekistan in implementing crucial reforms across various sectors. The...
The dollar exchange rate on the foreign exchange on March 18 fell by 10.14 soum to 12,559.86 soum, thereby setting the official rate of the US national currency and the Uzbek Central Bank.
Commercial banks of Uzbekistan bought the dollar for 12,500-12,540 soum and sold it for 12,570-12,635 soum.
The most profitable...
The dollar exchange rate on the foreign exchange on March 18 fell by 10.14 soum to 12,559.86 soum, thereby setting the official rate of the US national currency and the Uzbek Central Bank.
Commercial banks of Uzbekistan bought the dollar for 12,500-12,540 soum and sold it for 12,570-12,635 soum.
The most profitable...
The dollar was steady on Monday as traders looked ahead to a week dominated by central bank meetings worldwide, with the Bank of Japan seemingly on the brink of ending negative rates and the focus on how many rate cuts the Federal Reserve projects.
Apart from Japan and the United States,...
The dollar was steady on Monday as traders looked ahead to a week dominated by central bank meetings worldwide, with the Bank of Japan seemingly on the brink of ending negative rates and the focus on how many rate cuts the Federal Reserve projects.
Apart from Japan and the United States,...
Uzbekistan plans to abolish the monopoly on the delivery of natural and liquefied gas to consumers and involve the private sector in managing low-pressure gas distribution networks. This follows from the state program for 2024.
By the end of April, the Ministry of Economy and Finance, the Competition Committee, the Ministry...
Uzbekistan plans to abolish the monopoly on the delivery of natural and liquefied gas to consumers and involve the private sector in managing low-pressure gas distribution networks. This follows from the state program for 2024.
By the end of April, the Ministry of Economy and Finance, the Competition Committee, the Ministry...
Oil prices ticked up on Monday, firming up gains from last week when prices rose nearly 4% on the view that supply was tightening.
Brent crude oil futures for May delivery inched up 3 cents to $85.37 a barrel by 0045 GMT. The April contract for U.S. West Texas Intermediate (WTI)...
Oil prices ticked up on Monday, firming up gains from last week when prices rose nearly 4% on the view that supply was tightening.
Brent crude oil futures for May delivery inched up 3 cents to $85.37 a barrel by 0045 GMT. The April contract for U.S. West Texas Intermediate (WTI)...
President Shavkat Mirziyoyev led a video selector meeting on March 18, focusing on strategies to boost investments and enhance exports in the agriculture and food industry sectors. The meeting highlighted key statistics and discussed various initiatives aimed at accelerating export growth and maximizing the potential of Uzbekistan's agricultural resources, the...
President Shavkat Mirziyoyev led a video selector meeting on March 18, focusing on strategies to boost investments and enhance exports in the agriculture and food industry sectors. The meeting highlighted key statistics and discussed various initiatives aimed at accelerating export growth and maximizing the potential of Uzbekistan's agricultural resources, the...
The Koraozak Technical School of Agroeconomics in Karakalpakstan, Uzbekistan, celebrated the inauguration of its newly renovated facilities, marking a milestone in the project "Skills Development for Employability in Rural Areas of Uzbekistan," EEAS reported. This initiative, funded by the European Union and implemented by UNESCO, aims to enhance vocational education and...
The Koraozak Technical School of Agroeconomics in Karakalpakstan, Uzbekistan, celebrated the inauguration of its newly renovated facilities, marking a milestone in the project "Skills Development for Employability in Rural Areas of Uzbekistan," EEAS reported. This initiative, funded by the European Union and implemented by UNESCO, aims to enhance vocational education and...
Chicago wheat rose on Monday, recovering from last week's losses as Russia’s weekend attacks on Ukrainian ports supported prices.
Corn rose partly on worry about dryness in the U.S. while large Brazilian export supplies weakened soybeans.
Chicago Board of Trade most-active wheat rose 1.4% to $5.36-1/4 a bushel at 1146 GMT. Wheat fell...
Chicago wheat rose on Monday, recovering from last week's losses as Russia’s weekend attacks on Ukrainian ports supported prices.
Corn rose partly on worry about dryness in the U.S. while large Brazilian export supplies weakened soybeans.
Chicago Board of Trade most-active wheat rose 1.4% to $5.36-1/4 a bushel at 1146 GMT. Wheat fell...
Gold prices slipped on Monday as the dollar held firm and investors braced for a slew of policy decisions from major global central banks including the U.S. Federal Reserve this week.
Spot gold was down 0.3% to $2,149.50 per ounce, as of 0738 GMT. U.S. gold futures fell 0.4% to $2,153.70.
"A...
Gold prices slipped on Monday as the dollar held firm and investors braced for a slew of policy decisions from major global central banks including the U.S. Federal Reserve this week.
Spot gold was down 0.3% to $2,149.50 per ounce, as of 0738 GMT. U.S. gold futures fell 0.4% to $2,153.70.
"A...
Prices of iron ore futures rebounded on Monday after upbeat data in top consumer China renewed hopes for a pick-up in steel demand in coming weeks and as some traders liquidated their short positions.
The most-traded May iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 recouped lost ground and ended daytime...
Prices of iron ore futures rebounded on Monday after upbeat data in top consumer China renewed hopes for a pick-up in steel demand in coming weeks and as some traders liquidated their short positions.
The most-traded May iron ore contract on China's Dalian Commodity Exchange (DCE) DCIOcv1 recouped lost ground and ended daytime...
London copper eased on Monday while prices in Shanghai hit a record high as fears of tight supply countered demand outlook uncertainty.
Three-month copper on the London Metal Exchange dipped 0.5% to $9,036 per metric ton by 0709 GMT, while the most-traded May copper contract on the Shanghai Futures Exchange SCFcv1 closed up...
London copper eased on Monday while prices in Shanghai hit a record high as fears of tight supply countered demand outlook uncertainty.
Three-month copper on the London Metal Exchange dipped 0.5% to $9,036 per metric ton by 0709 GMT, while the most-traded May copper contract on the Shanghai Futures Exchange SCFcv1 closed up...
Business communications specialist Timurmalik Elmuradov disclosed on LinkedIn that the number of electric vehicle (EV) charging stations in Uzbekistan skyrocketed from a mere three in 2020 to an impressive 450 in 2024. He attributed this growth to the overall expansion of the EV market in the country.
While the broader automotive...
Business communications specialist Timurmalik Elmuradov disclosed on LinkedIn that the number of electric vehicle (EV) charging stations in Uzbekistan skyrocketed from a mere three in 2020 to an impressive 450 in 2024. He attributed this growth to the overall expansion of the EV market in the country.
While the broader automotive...
Uzbekistan plans to construct a 300 MW solar power plant and a 75 MW energy storage system in the Kashkadarya region. Following an international tender, Masdar, UAE's global renewables company, emerged as the winner. Consequently, it established a private partner in Uzbekistan - Nur Kashkadarya Solar PV. The project, backed by the International Finance Corporation, has...
Uzbekistan plans to construct a 300 MW solar power plant and a 75 MW energy storage system in the Kashkadarya region. Following an international tender, Masdar, UAE's global renewables company, emerged as the winner. Consequently, it established a private partner in Uzbekistan - Nur Kashkadarya Solar PV. The project, backed by the International Finance Corporation, has...
Uzbekistan’s tourism industry saw a sharp surge in the first 2M 2024, with the number of tourists reaching 974,200, marking an annual growth of 11.9%, as reported by the State Statistics Agency.
As of early March, the majority of tourists arrived from Tajikistan, with a total of 363,300 visitors. Kyrgyzstan and Kazakhstan followed closely, contributing 291,100 and 155,900 tourists, respectively.
On the other hand,...
Uzbekistan’s tourism industry saw a sharp surge in the first 2M 2024, with the number of tourists reaching 974,200, marking an annual growth of 11.9%, as reported by the State Statistics Agency.
As of early March, the majority of tourists arrived from Tajikistan, with a total of 363,300 visitors. Kyrgyzstan and Kazakhstan followed closely, contributing 291,100 and 155,900 tourists, respectively.
On the other hand,...
Kazakh low-cost airline FlyArystan opens a new route from Almaty to Nukus and back.
Flights are scheduled for June 2024 and will operate 3 times a week on Mondays, Wednesdays and Saturdays.
Nukus, which is an administrative and cultural center, is located near the Aral Sea and is surrounded by three deserts...
Kazakh low-cost airline FlyArystan opens a new route from Almaty to Nukus and back.
Flights are scheduled for June 2024 and will operate 3 times a week on Mondays, Wednesdays and Saturdays.
Nukus, which is an administrative and cultural center, is located near the Aral Sea and is surrounded by three deserts...
From 6 April 2024, Uzbekistan Airways is increasing the number of regular flights on the Tashkent-Minsk-Tashkent route.
Now, in addition to regular flights on Mondays and Thursdays, you can take advantage of convenient flights on Saturdays.
On all Uzbekistan Airways flights connecting the capitals of Belarus and Uzbekistan:
Departure from Minsk to Tashkent...
From 6 April 2024, Uzbekistan Airways is increasing the number of regular flights on the Tashkent-Minsk-Tashkent route.
Now, in addition to regular flights on Mondays and Thursdays, you can take advantage of convenient flights on Saturdays.
On all Uzbekistan Airways flights connecting the capitals of Belarus and Uzbekistan:
Departure from Minsk to Tashkent...
Uzbekistan Airways will increase the number of flights to Jakarta from April.
According to the airline, the number of flights to Jakarta will increase from one to two times a week.
The airline will operate flights to the Indonesian capital on Wednesdays and Saturdays.
Uzbekistan Airways resumed regular flights to Jakarta at the...
Uzbekistan Airways will increase the number of flights to Jakarta from April.
According to the airline, the number of flights to Jakarta will increase from one to two times a week.
The airline will operate flights to the Indonesian capital on Wednesdays and Saturdays.
Uzbekistan Airways resumed regular flights to Jakarta at the...
Vladimir Putin has been re-elected as Russia’s president, according to the official results of the country’s presidential vote, published on Monday by its Central Election Commission (CEC).
Putin has claimed 87.28% of the vote, a record share of votes, winning his fifth term in office by a landslide. Putin’s candidacy was supported...
Vladimir Putin has been re-elected as Russia’s president, according to the official results of the country’s presidential vote, published on Monday by its Central Election Commission (CEC).
Putin has claimed 87.28% of the vote, a record share of votes, winning his fifth term in office by a landslide. Putin’s candidacy was supported...
The Russian stock market starts the new week cautiously on Monday, March 18, trading takes place near zero levels. Despite the fact that the three-day presidential elections were relatively calm and predictable, market participants are in no hurry to buy Russian shares.
As a result, at 14.45 Moscow time, the Moscow...
The Russian stock market starts the new week cautiously on Monday, March 18, trading takes place near zero levels. Despite the fact that the three-day presidential elections were relatively calm and predictable, market participants are in no hurry to buy Russian shares.
As a result, at 14.45 Moscow time, the Moscow...
Sovcomflot reported according to IFRS for 2023. The results were impressive.
Year-on-year data:
• Time charter equivalent revenue increased by 42% to $2.04 billion;
• Adjusted EBITDA showed an increase of 52% and increased to $1.57 billion;
• Profitability according to adjusted EBITDA at 68% against 55% a year earlier;
• Net profit showed an...
Sovcomflot reported according to IFRS for 2023. The results were impressive.
Year-on-year data:
• Time charter equivalent revenue increased by 42% to $2.04 billion;
• Adjusted EBITDA showed an increase of 52% and increased to $1.57 billion;
• Profitability according to adjusted EBITDA at 68% against 55% a year earlier;
• Net profit showed an...
A sensation on the domestic labour market. For the first time since the spring of 2022, the demand for labour has fallen very noticeably, announced the Centre for Macroeconomic Analysis and Short-Term Forecasting (CMASF). There are several versions of what happened. Or it's a situational glitch. Or a consequence of...
A sensation on the domestic labour market. For the first time since the spring of 2022, the demand for labour has fallen very noticeably, announced the Centre for Macroeconomic Analysis and Short-Term Forecasting (CMASF). There are several versions of what happened. Or it's a situational glitch. Or a consequence of...
At the end of 2023, the revenue of the Russian subsidiary of the Chinese manufacturer of tourist, intercity and city buses Yutong (Yutun-Rus) increased 2.1 times to 19.8 billion rouble, according to the company’s reporting.
Cost of sales increased 2.2 times and amounted to 18.3 billion rouble. Gross profit increased by...
At the end of 2023, the revenue of the Russian subsidiary of the Chinese manufacturer of tourist, intercity and city buses Yutong (Yutun-Rus) increased 2.1 times to 19.8 billion rouble, according to the company’s reporting.
Cost of sales increased 2.2 times and amounted to 18.3 billion rouble. Gross profit increased by...
China's yuan inched lower against the dollar on Monday, as investors were cautious ahead of a busy week of overseas central bank monetary policy meetings that could lead to some volatility in currency markets.
The Bank of Japan is seemingly on the brink of ending negative rates on Tuesday, while the...
China's yuan inched lower against the dollar on Monday, as investors were cautious ahead of a busy week of overseas central bank monetary policy meetings that could lead to some volatility in currency markets.
The Bank of Japan is seemingly on the brink of ending negative rates on Tuesday, while the...
China stocks closed higher on Monday, boosted by data that showed the country's factory output and retail sales beat expectations in the January-February period, while the securities regulator's latest policy measures also helped.
China's Shanghai Composite Index jumped 0.9%, and the blue-chip CSI300 Index gained 1% at market close.
Hong Kong's benchmark...
China stocks closed higher on Monday, boosted by data that showed the country's factory output and retail sales beat expectations in the January-February period, while the securities regulator's latest policy measures also helped.
China's Shanghai Composite Index jumped 0.9%, and the blue-chip CSI300 Index gained 1% at market close.
Hong Kong's benchmark...
China's fixed-asset investment went up 4.2 percent year on year in the first two months of this year, 1.2 percentage points higher than the full-year growth rate of 2023, data from the National Bureau of Statistics (NBS) showed Monday.
The investment totaled 5.0847 trillion yuan (about 717 billion U.S. dollars) in...
China's fixed-asset investment went up 4.2 percent year on year in the first two months of this year, 1.2 percentage points higher than the full-year growth rate of 2023, data from the National Bureau of Statistics (NBS) showed Monday.
The investment totaled 5.0847 trillion yuan (about 717 billion U.S. dollars) in...
The Chinese economy has maintained good recovery momentum, beginning the year on a solid note as the country's macro policies took effect, official data showed Monday.
In the first two months of 2024, most key indicators saw sound increases, employment remained generally stable, and new economic growth drivers and advantages began...
The Chinese economy has maintained good recovery momentum, beginning the year on a solid note as the country's macro policies took effect, official data showed Monday.
In the first two months of 2024, most key indicators saw sound increases, employment remained generally stable, and new economic growth drivers and advantages began...