Issue 599 - 03.04.2020
03.04.2020

Uzbekistan allocates 1 billion soum for disinfection purposes

Chief State Sanitary Inspector Nurmat Otabekov explained the procedure of disinfecting areas of epidemiological significance. He noted that 1 billion soums were allocated from the state budget to conduct disinfection activities in all regions of the country.

“Such activities were carried out by disinfection stations throughout the republic even before the pandemic. However, now, due to the aggravation of the situation, the workforce of the Agency for Sanitary and Epidemiological Wellbeing, the Ministry of Emergency Situations, the Ministry of Defense and the National Guard are all involved in the disinfection process.

Disinfection will cover all areas and objects of epidemiological significance in accordance with a set schedule,” Otabekov said.

The Chief Sanitary Inspector explained the essence of the quarantine measures.

“The purpose of the quarantine is to isolate people who are infected with the virus from those who are not. It is also necessary for us to quickly identify new cases, treat patients and prevent the spread of the infection,” he said at a briefing.

Reported by KUN (Uzbekistan).

Uzbekistan General

03.04.2020

Coronavirus cases reach 187 in Uzbekistan

The number of people infected with coronavirus has increased by 6 and reached 187 in Uzbekistan, the press service of the Health Ministry said.

Out of 187 patients, 12 have already recovered from the virus. They were discharged from the hospital and sent to a rehabilitation center.

Two death cases have been...

The number of people infected with coronavirus has increased by 6 and reached 187 in Uzbekistan, the press service of the Health Ministry said.

Out of 187 patients, 12 have already recovered from the virus. They were discharged from the hospital and sent to a rehabilitation center.

Two death cases have been...

03.04.2020

Uzbek Interior Ministry reacts to rumours about release of mobster nicknamed the Executioner

The Ministry of Internal Affairs commented on the information on the release of the dangerous criminal Nazim Juraev, the press service of the department reported.

On March 31, one of the media published information about the possible release of the 60-year-old Nazim Juraev, known in the penitentiary system of Uzbekistan as...

The Ministry of Internal Affairs commented on the information on the release of the dangerous criminal Nazim Juraev, the press service of the department reported.

On March 31, one of the media published information about the possible release of the 60-year-old Nazim Juraev, known in the penitentiary system of Uzbekistan as...

Finance and Investment

03.04.2020

Uzbekinvest spends 326,399,052.92 soum in insurance payments from March 23 to March 27

The most important obligation of the insurance company is timely insurance compensation. The client must be sure that the insurer whom he chooses is reliable, and if an insured event occurs, it will pay him an insurance indemnity.

In the period from March 23 to 27 of the current year, the...

The most important obligation of the insurance company is timely insurance compensation. The client must be sure that the insurer whom he chooses is reliable, and if an insured event occurs, it will pay him an insurance indemnity.

In the period from March 23 to 27 of the current year, the...

03.04.2020

Banks of Uzbekistan start providing credit vacations

Banks of Uzbekistan, as the Central Bank recommended them, began to provide borrowers with vacations and other support measures.

For example, Uzbek National bank said that for all types of loans issued to individuals, the main debt for April-May-June of the current year is evenly distributed over the remaining repayment schedule.

Uzpromstroybank...

Banks of Uzbekistan, as the Central Bank recommended them, began to provide borrowers with vacations and other support measures.

For example, Uzbek National bank said that for all types of loans issued to individuals, the main debt for April-May-June of the current year is evenly distributed over the remaining repayment schedule.

Uzpromstroybank...

03.04.2020

Central Bank plans to expand microfinance services in Uzbekistan

The amendments that were made to the Law on Microfinance on March 17, in agreement with the head of state, affected Articles 4, 5 and 6. The Central Bank explained the essence of the innovations.

A microloan is provided for the borrower to carry out entrepreneurial activities in absolute terms, not...

The amendments that were made to the Law on Microfinance on March 17, in agreement with the head of state, affected Articles 4, 5 and 6. The Central Bank explained the essence of the innovations.

A microloan is provided for the borrower to carry out entrepreneurial activities in absolute terms, not...

03.04.2020

Exchange rate of US dollar exceeds 9,600 soum

At the Uzbekistan Republic’s Currency Exchange (UzRCE) trades held on April 2, 1 US dollar increased in price by 18 soum and amounted to 9,611 soum.

The Euro dropped by 77 soum and amounted to 10,518 soum.

In the first ten days of March, the US dollar fell below the mark of...

At the Uzbekistan Republic’s Currency Exchange (UzRCE) trades held on April 2, 1 US dollar increased in price by 18 soum and amounted to 9,611 soum.

The Euro dropped by 77 soum and amounted to 10,518 soum.

In the first ten days of March, the US dollar fell below the mark of...

03.04.2020

Greenback keeps thriving on bad news

The dollar rose for a second straight day against a basket of currencies on Thursday as investors, worried about the prospect of a global recession continued to take shelter in the greenback.

U.S. jobless claims in the latest week soared to a record level, yet the dollar's reaction was tepid at...

The dollar rose for a second straight day against a basket of currencies on Thursday as investors, worried about the prospect of a global recession continued to take shelter in the greenback.

U.S. jobless claims in the latest week soared to a record level, yet the dollar's reaction was tepid at...

03.04.2020

World stock markets in the air amidst unwavering microbe advances

World equity markets hovered between small gains and losses Thursday, as the death toll from the coronavirus pandemic continued to rise and economic pain deepened with another record week of jobless claims in the United States.

Investors sought the safety of the U.S. dollar and government bonds. Oil futures were among...

World equity markets hovered between small gains and losses Thursday, as the death toll from the coronavirus pandemic continued to rise and economic pain deepened with another record week of jobless claims in the United States.

Investors sought the safety of the U.S. dollar and government bonds. Oil futures were among...

Oil and Gas Sector

03.04.2020

Diesel fuel prices in Uzbekistan reduced

From April 3, the cost of imported diesel fuel is planned to be reduced by 300 soum. In a month, the cost of diesel fuel fell by 500 soum. This was reported in the press service of the Ministry of Energy. Earlier, the cost of imported diesel fuel was...

From April 3, the cost of imported diesel fuel is planned to be reduced by 300 soum. In a month, the cost of diesel fuel fell by 500 soum. This was reported in the press service of the Ministry of Energy. Earlier, the cost of imported diesel fuel was reduced from 7,500...

03.04.2020

GLOPEC in sight: Brent veers up on outlook of Russo-Saudi deal with US compliance

Oil prices jumped 8% on Thursday after U.S. President Donald Trump said he expected Saudi Arabia and Russia to reach a deal soon to end their battle for market share but gains were capped by fears of a global recession due to the coronavirus.

Benchmark Brent, which rose as much as...

Oil prices jumped 8% on Thursday after U.S. President Donald Trump said he expected Saudi Arabia and Russia to reach a deal soon to end their battle for market share but gains were capped by fears of a global recession due to the coronavirus.

Benchmark Brent, which rose as much as...

03.04.2020

Supply restraints, calm winds send North Sea region’s natural gas prices up

British wholesale gas prices rose on Thursday morning due to undersupply and as crude oil prices jumped.

The within-day contract was 1.20 pence higher at 18.50 pence per therm by 0905 GMT.

The day-ahead contract was up by 1.80 pence to 18.70 p/therm, while weekend gas was 1.55 pence higher at 17.55...

British wholesale gas prices rose on Thursday morning due to undersupply and as crude oil prices jumped.

The within-day contract was 1.20 pence higher at 18.50 pence per therm by 0905 GMT.

The day-ahead contract was up by 1.80 pence to 18.70 p/therm, while weekend gas was 1.55 pence higher at 17.55...

Trade and Consumer Goods

03.04.2020

State Statistics Committee signals stable in prices in the consumer market of Uzbekistan

Inflation in the consumer market of Uzbekistan in March 2020 amounted to 1.3% compared to the previous month, 2.8% from the beginning of the year, and 13.6% against March 2019, the report of the State Statistics Committee of the country said.

Prices on the food market have grown on average over...

Inflation in the consumer market of Uzbekistan in March 2020 amounted to 1.3% compared to the previous month, 2.8% from the beginning of the year, and 13.6% against March 2019, the report of the State Statistics Committee of the country said.

Prices on the food market have grown on average over...

03.04.2020

New customs regulations come into force in Uzbekistan

On April 2, government decree No. 1057 of December 31, 2019 entered into force.

Now carriers, owners of goods or their representatives are obliged to send preliminary electronic information about goods and vehicles to the information system of customs authorities:

one hour before crossing the customs border by road;

one hour before arrival...

On April 2, government decree No. 1057 of December 31, 2019 entered into force.

Now carriers, owners of goods or their representatives are obliged to send preliminary electronic information about goods and vehicles to the information system of customs authorities:

one hour before crossing the customs border by road;

one hour before arrival...

Agriculture

03.04.2020

US wheat futures continue to fall on fears of end price concerns

Chicago wheat futures eased on Thursday to add to a slide the day earlier as investors remained preoccupied with demand being destroyed by the coronavirus pandemic.

Corn ticked higher as a sharp rebound in crude oil provided support after the cereal used in ethanol has tumbled in recent days due to...

Chicago wheat futures eased on Thursday to add to a slide the day earlier as investors remained preoccupied with demand being destroyed by the coronavirus pandemic.

Corn ticked higher as a sharp rebound in crude oil provided support after the cereal used in ethanol has tumbled in recent days due to...

Metals and Minerals

03.04.2020

Uranium could be in for “supply shock”

Canada’s Cameco, a leading operator and investor in Kazakhstan, this week announced it was shuttering Cigar Lake, the world’s largest uranium mine, for at least four weeks after directives from the Canadian and Saskatchewan provincial governments.

The Canadians are concerned about the use of fly-in, fly-out workers while COVID-19 is spreading.

Meanwhile,...

Canada’s Cameco, a leading operator and investor in Kazakhstan, this week announced it was shuttering Cigar Lake, the world’s largest uranium mine, for at least four weeks after directives from the Canadian and Saskatchewan provincial governments.

The Canadians are concerned about the use of fly-in, fly-out workers while COVID-19 is spreading.

Meanwhile,...

03.04.2020

Bullion, silver rally as economic follows microbe spread worldwide

Gold edged higher on Thursday as investors braced for U.S. jobless claims data, which should give clues on how much the coronavirus is hurting the world’s biggest economy.

A stronger dollar limited the precious metal’s upside, however.

Spot gold was up 0.4% at $1,596.60 per ounce by 1204 GMT, while U.S. gold...

Gold edged higher on Thursday as investors braced for U.S. jobless claims data, which should give clues on how much the coronavirus is hurting the world’s biggest economy.

A stronger dollar limited the precious metal’s upside, however.

Spot gold was up 0.4% at $1,596.60 per ounce by 1204 GMT, while U.S. gold...

03.04.2020

Aluminium leads continuing bear dominance on non-ferrous base metal markets

Shanghai aluminum prices hit a more than four year low on Thursday, with poor factory data pointing to weak demand as coronavirus infections continued to rise.

The most-traded aluminum contract on the Shanghai Futures Exchange (ShFE) fell as much as 2.6% to 11,250 yuan ($1,584.48) a tonne, its lowest since Feb....

Shanghai aluminum prices hit a more than four year low on Thursday, with poor factory data pointing to weak demand as coronavirus infections continued to rise.

The most-traded aluminum contract on the Shanghai Futures Exchange (ShFE) fell as much as 2.6% to 11,250 yuan ($1,584.48) a tonne, its lowest since Feb....

Energy Industry

03.04.2020

Uzbekenergo goes into liquidation

On 31 March, the sole shareholder of the state-owned Uzbekenergo, which is subject to liquidation in line with the presidential decree of 03/27/2019. No. PP-4249, the distribution balance sheet, agreed with the joint-stock companies Thermal Power Stations (TPP), National Electric Grids of Uzbekistan (NESU) and Regional Electric Grids (REG), was...

On 31 March, the sole shareholder of the state-owned Uzbekenergo, which is subject to liquidation in line with the presidential decree of 03/27/2019. No. PP-4249, the distribution balance sheet, agreed with the joint-stock companies Thermal Power Stations (TPP), National Electric Grids of Uzbekistan (NESU) and Regional Electric Grids (REG), was...

Manufacturing industry

03.04.2020

Indian company launches pharmaceutical production in Uzbekistan

Indian Cadila Pharmaceuticals will create a pharmaceutical production enterprise in the territory of the Andijan-farm free economic zone. This is provided for by a decree of the government of Uzbekistan of March 30.

The company plans to allocate $50 million over 5 years for the project, of which at least $10...

Indian Cadila Pharmaceuticals will create a pharmaceutical production enterprise in the territory of the Andijan-farm free economic zone. This is provided for by a decree of the government of Uzbekistan of March 30.

The company plans to allocate $50 million over 5 years for the project, of which at least $10...

03.04.2020

Uztuqimachiliksanoat enterprises to increase daily production of face masks up to 5 million within a week

Uztuqimachiliksanoat enterprises plan to increase the daily production of face masks up to 5 million pieces within a week, the Association’s Chairman Ilkhom Khaydarov said during a briefing. 

According to him, in a short period of time, the production of protective tools has increased several times. 

“In February, only about 20 enterprises...

Uztuqimachiliksanoat enterprises plan to increase the daily production of face masks up to 5 million pieces within a week, the Association’s Chairman Ilkhom Khaydarov said during a briefing. 

According to him, in a short period of time, the production of protective tools has increased several times. 

“In February, only about 20 enterprises...

Communications and Transportation

03.04.2020

Internet use increases in Uzbekistan

On March 15, Uzbekistan revealed the first case of COVID-19 infection. From this moment on, the country has seen rapid growth in Internet use. People are forced to stay at home in quarantine, adults work, and children study remotely. The Internet has become the most efficient communication channel with the...

On March 15, Uzbekistan revealed the first case of COVID-19 infection. From this moment on, the country has seen rapid growth in Internet use. People are forced to stay at home in quarantine, adults work, and children study remotely. The Internet has become the most efficient communication channel with the...

Regional News

03.04.2020

Russia projected to pass coronavirus peak in ten days

Under the most favorable scenario, Russia could pass the peak of the COVID-19 pandemic in ten days, a leading virologist Alexander Lukashev estimates. However, should things get worse, Russia could pass the peak of the disease in May-June, not in the end of April, said Lukashev, who heads the Martsinovsky...

Under the most favorable scenario, Russia could pass the peak of the COVID-19 pandemic in ten days, a leading virologist Alexander Lukashev estimates. However, should things get worse, Russia could pass the peak of the disease in May-June, not in the end of April, said Lukashev, who heads the Martsinovsky...

03.04.2020

Over 7 mln Russians could lose jobs over coronavirus

In April and May, many Russians could face hard times due to a sudden loss of employment and reduced salaries, and finding a new job would be a challenging task, according to surveys carried out among businesses and industrial enterprises. At least 7 million citizens could lose their jobs, according...

In April and May, many Russians could face hard times due to a sudden loss of employment and reduced salaries, and finding a new job would be a challenging task, according to surveys carried out among businesses and industrial enterprises. At least 7 million citizens could lose their jobs, according...

03.04.2020

Oil price relief sends Russian currency, stocks up

The Russian rouble firmed marginally on Thursday, gaining support from a jump in oil prices and high foreign currency sales amid deteriorating global economic conditions due to the coronavirus outbreak.

Oil prices surged after U.S. President Donald Trump said a price war between Saudi Arabia and Russia could soon reach its...

The Russian rouble firmed marginally on Thursday, gaining support from a jump in oil prices and high foreign currency sales amid deteriorating global economic conditions due to the coronavirus outbreak.

Oil prices surged after U.S. President Donald Trump said a price war between Saudi Arabia and Russia could soon reach its...

03.04.2020

Chinese economy on the rebound, Europe, Russia and US heading towards rock bottom

Market figures are indicating that industrial activity in China is on the rise. Based on surveys of purchasing managers, China, which saw a serious decline in February, has started resuming production. In contrast, there is a significant deterioration in the Eurozone, where the Purchasing Managers’ Index (PMI) was the worst...

Market figures are indicating that industrial activity in China is on the rise. Based on surveys of purchasing managers, China, which saw a serious decline in February, has started resuming production. In contrast, there is a significant deterioration in the Eurozone, where the Purchasing Managers’ Index (PMI) was the worst...

03.04.2020

Energy, tech sectors pull China’s stock prices up

China stocks settled higher on Thursday, led by energy shares as crude oil futures jumped on hopes for a deal to end the price war between Saudi Arabia and Russia, and by tech firms.

At the close, the Shanghai Composite index was up 1.69% at 2,780.64.

The blue-chip CSI300 index was up...

China stocks settled higher on Thursday, led by energy shares as crude oil futures jumped on hopes for a deal to end the price war between Saudi Arabia and Russia, and by tech firms.

At the close, the Shanghai Composite index was up 1.69% at 2,780.64.

The blue-chip CSI300 index was up...

03.04.2020

Foreign trade firms quicken pace to resume production in China

China's foreign trade firms have quickened their pace in resuming production weighed down by the COVID-19 outbreak as efforts are in the pipeline to revive global industrial chains, an official said Thursday.

By Monday, about 75.6 percent of the country's key import and export firms had recovered over 70 percent of...

China's foreign trade firms have quickened their pace in resuming production weighed down by the COVID-19 outbreak as efforts are in the pipeline to revive global industrial chains, an official said Thursday.

By Monday, about 75.6 percent of the country's key import and export firms had recovered over 70 percent of...

03.04.2020

China expects bumper grain harvest this year

This year is very likely to yield a bumper grain harvest, and current reserves are sufficient for domestic demand, the Ministry of Commerce said on Thursday.

Wang Bin, head of the ministry's Department of Market Operation and Consumption, said that it is highly possible that 2020 will have a good grain...

This year is very likely to yield a bumper grain harvest, and current reserves are sufficient for domestic demand, the Ministry of Commerce said on Thursday.

Wang Bin, head of the ministry's Department of Market Operation and Consumption, said that it is highly possible that 2020 will have a good grain...

03.04.2020

Mongolia exports 90,000 tons of coal to China in March

Mongolia exported some 90,000 tons of coal to China in March, the Mongolian Customs General Administration (MCGA) said Thursday.

The coal exports were transported to China via four border points, namely Gashuunsukhait, Zamiin-Uud, Shiveekhuren and Khangi, the MCGA said in a statement.

The country resumed exporting coal to China in mid-March after...

Mongolia exported some 90,000 tons of coal to China in March, the Mongolian Customs General Administration (MCGA) said Thursday.

The coal exports were transported to China via four border points, namely Gashuunsukhait, Zamiin-Uud, Shiveekhuren and Khangi, the MCGA said in a statement.

The country resumed exporting coal to China in mid-March after...

03.04.2020

Azerbaijan increases gas exports to Turkey by 16.9 percent

In January 2020, Azerbaijan exported 945.18 million cubic meters of gas from the Shah Deniz field to Turkey, which is 16.9 percent higher than the same period last year, local media reported citing Energy Market Regulatory Authority of Turkey on April 1.

Azerbaijan also accounted for 15.78 percent of total gas...

In January 2020, Azerbaijan exported 945.18 million cubic meters of gas from the Shah Deniz field to Turkey, which is 16.9 percent higher than the same period last year, local media reported citing Energy Market Regulatory Authority of Turkey on April 1.

Azerbaijan also accounted for 15.78 percent of total gas...

Prices and Statistics

03.04.2020

Commodities

Date: April 03, 2020; Source: Bloomberg.com Energy
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT)
CL1:COMWTI Crude Oil (Nymex) USD/bbl. 24.26 -1.06 -4.19% May 2020 2:41 AM
CO1:COMBrent Crude (ICE) USD/bbl. 28.91 -1.03 -3.44% Jun 2020 2:41 AM
XB1:COMRBOB Gasoline (Nymex) USd/gal. 64.39 -1.89 -2.85% May 2020 2:41 AM
NG1:COMNatural Gas (Nymex) USD/MMBtu 1.56 +0.01 +0.71% May 2020 2:41 AM
HO1:COMHeating Oil (Nymex) USd/gal. 100.21 +0.70 +0.70% May 2020 2:41 AM
Precious and Industrial Metals
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT)
GC1:COMGold (Comex) USD/t oz. 1,627.70 -10.00 -0.61% Jun 2020 2:41 AM
XAUUSD:CURGold Spot USD/t oz. 1,609.72 -4.27 -0.26% N/A 2:51 AM
SI1:COMSilver (Comex) USD/t oz. 14.61 -0.05 -0.33% May 2020 2:41 AM
HG1:COMCopper (Comex) USd/lb. 221.85 0.00 0.00% May 2020 2:40 AM
XPTUSD:CURPlatinum Spot USD/t oz. 726.10 -4.87 -0.67% N/A 2:51 AM
Agriculture
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT)
C 1:COMCorn (CBOT) USd/bu. 335.25 +1.75 +0.52% May 2020 2:39 AM
W 1:COMWheat (CBOT) USd/bu. 546.75 +5.00 +0.92% May 2020 2:40 AM
CC1:COMCocoa (ICE) USD/MT 2,278.00 +41.00 +1.83% Jul 2020 4/2/2020
CT1:COMCotton #2 (ICE) USd/lb. 50.17 +0.18 +0.36% May 2020 2:38 AM
LC1:COMLive Cattle (CME) USd/lb. 83.08 -4.50 -5.14% Jun 2020 4/2/2020

Date: April 03, 2020; Source: Bloomberg.com

Energy

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT)
CL1:COMWTI Crude Oil (Nymex) USD/bbl. 24.26 -1.06 -4.19% May 2020 2:41 AM
CO1:COMBrent Crude (ICE) USD/bbl. 28.91 -1.03 -3.44% Jun 2020 2:41 AM
XB1:COMRBOB Gasoline (Nymex) USd/gal. 64.39 -1.89 -2.85% May 2020 2:41 AM
NG1:COMNatural Gas (Nymex) USD/MMBtu 1.56 +0.01 +0.71% May 2020 2:41 AM
HO1:COMHeating Oil (Nymex) USd/gal. 100.21 +0.70 +0.70% May 2020 2:41 AM

Precious and Industrial Metals

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT)
GC1:COMGold (Comex) USD/t oz. 1,627.70 -10.00 -0.61% Jun 2020 2:41 AM
XAUUSD:CURGold Spot USD/t oz. 1,609.72 -4.27 -0.26% N/A 2:51 AM
SI1:COMSilver (Comex) USD/t oz. 14.61 -0.05 -0.33% May 2020 2:41 AM
HG1:COMCopper (Comex) USd/lb. 221.85 0.00 0.00% May 2020 2:40 AM
XPTUSD:CURPlatinum Spot USD/t oz. 726.10 -4.87 -0.67% N/A 2:51 AM

Agriculture

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT)
C 1:COMCorn (CBOT) USd/bu. 335.25 +1.75 +0.52% May 2020 2:39 AM
W 1:COMWheat (CBOT) USd/bu. 546.75 +5.00 +0.92% May 2020 2:40 AM
CC1:COMCocoa (ICE) USD/MT 2,278.00 +41.00 +1.83% Jul 2020 4/2/2020
CT1:COMCotton #2 (ICE) USd/lb. 50.17 +0.18 +0.36% May 2020 2:38 AM
LC1:COMLive Cattle (CME) USd/lb. 83.08 -4.50 -5.14% Jun 2020 4/2/2020

03.04.2020

Exchange Rates

Date: April 03, 2020; Source: the Central Bank of Uzbekistan
1 US DOLLAR USD / UZS 9554.22
1 EURO EUR / UZS 10637.67
1 RUSSIAN ROUBLE RUB / UZS 121.10
1 ENGLISH POUND GBP / UZS 11879.72
1 KAZAKHSTAN TENGE KZT / UZS 21.49

Date: April 03, 2020; Source: the Central Bank of Uzbekistan

1 US DOLLAR

USD / UZS

9554.22

1 EURO

EUR / UZS

10637.67

1 RUSSIAN ROUBLE

RUB / UZS

121.10

1 ENGLISH POUND

GBP / UZS

11879.72

1 KAZAKHSTAN TENGE

KZT / UZS

21.49