Issue 1126 - 26.05.2022
26.05.2022

Uzbekistan takes part in World Education Forum in London

On 23 May 2022, the World Education Forum began its work in London.

The event, organized with the support of the UK government, is the largest annual meeting of heads of educational institutions, specialized vocational training organizations and representatives of other specialized structures. 

This year, the forum is held under the motto "Education: moving forward together - stronger, more confident, better." Delegates from 115 countries of the world take part in its work, who will discuss current trends and problems of the industry, exchange views, experience and innovative solutions to improve the accessibility, quality and inclusiveness of education.

At the World Educational Forum, the Republic of Uzbekistan is represented by a delegation consisting of leaders and senior officials of the Ministry of Higher and Secondary Specialized Education, the Ministry of Public Education and the Agency of Presidential Educational Institutions.

The delegation in the coming days, also with the assistance of the Embassy of Uzbekistan in London, will hold a series of bilateral meetings with representatives of official and academic circles in the UK.

In addition, it is planned to hold a briefing at the Embassy of Uzbekistan with a presentation of the development strategy for the education system of Uzbekistan and opportunities for expanding cooperation with the UK in this direction.

Reported by the Uzbekistan Daily.

Uzbekistan General

26.05.2022

Uzbekistan provides scientific grants to increase positions in international rankings

The scientific potential of research institutes will be used to improve the position of Uzbekistan in international rankings and indices. Scientific organisations assigned to ratings and indices will receive grants to eliminate systemic errors in industries with low indicators.

In 2019, in Uzbekistan, by a presidential decree, 17 international ratings were...

The scientific potential of research institutes will be used to improve the position of Uzbekistan in international rankings and indices. Scientific organisations assigned to ratings and indices will receive grants to eliminate systemic errors in industries with low indicators.

In 2019, in Uzbekistan, by a presidential decree, 17 international ratings were...

26.05.2022

No monkeypox recorded in Uzbekistan

A question about monkeypox spreading in a number of countries was answered by Deputy Head of the Sanitary and Epidemiological Welfare and Public Health Service, Doctor of Medical Sciences, Professor Nurmat Atabekov. 

“According to the WHO, monkeypox has been detected in 14 states,” N. Atabekov said. - In particular, the number...

A question about monkeypox spreading in a number of countries was answered by Deputy Head of the Sanitary and Epidemiological Welfare and Public Health Service, Doctor of Medical Sciences, Professor Nurmat Atabekov. 

“According to the WHO, monkeypox has been detected in 14 states,” N. Atabekov said. - In particular, the number...

Finance and Investment

26.05.2022

Uzbekistan expands free economic zone Termez

In order to implement projects and create new jobs through direct investment in other industries in addition to the pharmaceutical sector in the Baysun district of the Surkhandarya region, as well as to further expand the activities of the Termez free economic zone, a decree of the President of the...

In order to implement projects and create new jobs through direct investment in other industries in addition to the pharmaceutical sector in the Baysun district of the Surkhandarya region, as well as to further expand the activities of the Termez free economic zone, a decree of the President of the...

26.05.2022

ADB to step up efforts to attract private sector investment in Uzbekistan’s urban and education sectors

The Asian Development Bank (ADB) will continue to scale up private sector investment in Uzbekistan’s urban and renewable energy sectors, and extend its support into new areas such as education and health, ADB Vice-President for Private Sector Operations and Public–Private Partnerships (PPPs) Ashok Lavasa told senior government officials during meetings...

The Asian Development Bank (ADB) will continue to scale up private sector investment in Uzbekistan’s urban and renewable energy sectors, and extend its support into new areas such as education and health, ADB Vice-President for Private Sector Operations and Public–Private Partnerships (PPPs) Ashok Lavasa told senior government officials during meetings...

26.05.2022

Uzbekistan successfully completes financial management transformational project

Many states are reviewing internal processes for more effective management. One of these is undoubtedly Uzbekistan, which is changing old approaches and striving for effective management through reengineering.

A large-scale transformation of processes has begun in the country, and one of its successful examples was demonstrated by the Ministry of Finance...

Many states are reviewing internal processes for more effective management. One of these is undoubtedly Uzbekistan, which is changing old approaches and striving for effective management through reengineering.

A large-scale transformation of processes has begun in the country, and one of its successful examples was demonstrated by the Ministry of Finance...

26.05.2022

Euro posts gains on faltering greenback

The euro rallied on Monday as investors sold the dollar on hopes that loosening lockdowns in China could help global growth.

A calmer mood on equity markets in early European trading also pressured the dollar, which fell sharply last week but has been the go-to currency for investors this year when...

The euro rallied on Monday as investors sold the dollar on hopes that loosening lockdowns in China could help global growth.

A calmer mood on equity markets in early European trading also pressured the dollar, which fell sharply last week but has been the go-to currency for investors this year when...

26.05.2022

Stock markets rally as warfare becomes routine

European stocks started the week on the front foot following the very volatile trading conditions seen over the preceding five-day stretch.

Optimism regarding the Covid-19 situation in China and more hawkish remarks from European Central Bank boss, Christine Lagarde, boosted Basic Resources and Banks, respectively.

Worth noting, some of the previous week's...

European stocks started the week on the front foot following the very volatile trading conditions seen over the preceding five-day stretch.

Optimism regarding the Covid-19 situation in China and more hawkish remarks from European Central Bank boss, Christine Lagarde, boosted Basic Resources and Banks, respectively.

Worth noting, some of the previous week's...

26.05.2022

Fergana Oil Refinery sold to private company for $100 million

According to the information service of the State Assets Management Agency, UzAssets Investment Company sold Ferghana Oil Refinery for $100 million to the largest private oil and gas company in Uzbekistan, Sanoat Energetika Guruhi.

The international consulting company KPMG Valuation and Consulting was selected as a privatisation consultant. Additional legal support...

According to the information service of the State Assets Management Agency, UzAssets Investment Company sold Ferghana Oil Refinery for $100 million to the largest private oil and gas company in Uzbekistan, Sanoat Energetika Guruhi.

The international consulting company KPMG Valuation and Consulting was selected as a privatisation consultant. Additional legal support...

Oil and Gas Sector

26.05.2022

Russian exporters trade contracts with Uzbekistan worth US$25m at oil and gas event

From 18 to 20 May, Tashkent hosted the 24th International Oil and Gas Exhibition of Uzbekistan OGU 2022, within which Russian companies presented their advanced developments and achievements under the Made in Russia umbrella brand.

During the three days of operation, the Made in Russia exposition was visited by almost 5,000...

From 18 to 20 May, Tashkent hosted the 24th International Oil and Gas Exhibition of Uzbekistan OGU 2022, within which Russian companies presented their advanced developments and achievements under the Made in Russia umbrella brand.

During the three days of operation, the Made in Russia exposition was visited by almost 5,000...

26.05.2022

Kazakhstan studies Uzbek Shurtan gas chemical complex

A delegation from the Atyrau region of the Republic of Kazakhstan is currently on a visit to the Republic of Uzbekistan. 

The purpose of the delegation’s visit is to study the industrial potential of the Republic of Uzbekistan, reach agreements on the supply of agricultural products, as well as study the...

A delegation from the Atyrau region of the Republic of Kazakhstan is currently on a visit to the Republic of Uzbekistan. 

The purpose of the delegation’s visit is to study the industrial potential of the Republic of Uzbekistan, reach agreements on the supply of agricultural products, as well as study the...

26.05.2022

Brent tops $113/b on midstream bottlenecks

Oil prices gained on Monday with U.S. fuel demand, tight supply and a slightly weaker U.S. dollar supporting the market, as Shanghai prepares to reopen after a two-month lockdown fuelled worries about a sharp slowdown in growth.

Brent crude futures rose 72 cents to $113.27 a barrel at 0408 GMT, while U.S....

Oil prices gained on Monday with U.S. fuel demand, tight supply and a slightly weaker U.S. dollar supporting the market, as Shanghai prepares to reopen after a two-month lockdown fuelled worries about a sharp slowdown in growth.

Brent crude futures rose 72 cents to $113.27 a barrel at 0408 GMT, while U.S....

26.05.2022

Eurasian natural gas benchmarks up as Norway holds back

British wholesale gas prices rose on Monday morning on lower Norwegian supply and the risk of outages being extended.

UK gas for immediate delivery jumped by 59 pence to 135 pence per therm by 0809 GMT, its highest level since May 3. The day-ahead price was 25 pence higher at 134 pence/therm.

This was...

British wholesale gas prices rose on Monday morning on lower Norwegian supply and the risk of outages being extended.

UK gas for immediate delivery jumped by 59 pence to 135 pence per therm by 0809 GMT, its highest level since May 3. The day-ahead price was 25 pence higher at 134 pence/therm.

This was...

Trade and Consumer Goods

26.05.2022

USM Holding to fix labelling of goods in Uzbekistan

The national barcode operator is a joint venture of CRPT Turon, part of which is owned by USM Holding. The holding is controlled by Russian billionaire Alisher Usmanov. The cost of marking for Uzbek manufacturers and importers is 68 soum ($0.006) per code. The State Tax Committee did not report...

The national barcode operator is a joint venture of CRPT Turon, part of which is owned by USM Holding. The holding is controlled by Russian billionaire Alisher Usmanov. The cost of marking for Uzbek manufacturers and importers is 68 soum ($0.006) per code. The State Tax Committee did not report...

Agriculture

26.05.2022

Pakistan and Afghanistan enter top-5 consumers of Uzbek vegetables and fruits

According to the State Statistics Committee, Pakistan and Afghanistan entered the TOP-5 consumers of fruits and vegetables from Uzbekistan in 4 months of 2022.

In January-April, 6.2 thousand tonnes of fruits and vegetables worth $16.8 million were shipped to Pakistan, Afghanistan 15.7 thousand tonnes worth $11.3 million.

Earlier, citing official statistics, it...

According to the State Statistics Committee, Pakistan and Afghanistan entered the TOP-5 consumers of fruits and vegetables from Uzbekistan in 4 months of 2022.

In January-April, 6.2 thousand tonnes of fruits and vegetables worth $16.8 million were shipped to Pakistan, Afghanistan 15.7 thousand tonnes worth $11.3 million.

Earlier, citing official statistics, it...

26.05.2022

US wheat, maize contracts up pending planting updates

U.S. and European wheat futures rose on Monday, recovering after a three-day slide, as attention turned back to the impact of drought ahead of weekly U.S. crop data. Chicago corn futures were higher as the market also awaited the U.S. Department of Agriculture's (USDA) crop progress report later on Monday...

U.S. and European wheat futures rose on Monday, recovering after a three-day slide, as attention turned back to the impact of drought ahead of weekly U.S. crop data. Chicago corn futures were higher as the market also awaited the U.S. Department of Agriculture's (USDA) crop progress report later on Monday...

26.05.2022

Russia insists on limiting grain exports by EAEU countries

Russia, despite a record wheat harvest expected in 2022, is afraid of its re-export and wants all EAEU members to introduce quotas and duties on the export of grain. Citing its sources, at a meeting of the EEC on May 20, Russia insisted that all members of the EAEU introduce...

Russia, despite a record wheat harvest expected in 2022, is afraid of its re-export and wants all EAEU members to introduce quotas and duties on the export of grain. Citing its sources, at a meeting of the EEC on May 20, Russia insisted that all members of the EAEU introduce...

Metals and Minerals

26.05.2022

Bullion veers up on gringo dollar plunge

Gold prices rose over 1% on Monday, boosted by a slide in U.S. dollar to its lowest in a month, while growth concerns in the economy kept bullion's safe-haven demand intact. Spot gold rose 0.8% to $1,860.34 per ounce by 1058 GMT. Prices hit their highest since May 9 at...

Gold prices rose over 1% on Monday, boosted by a slide in U.S. dollar to its lowest in a month, while growth concerns in the economy kept bullion's safe-haven demand intact. Spot gold rose 0.8% to $1,860.34 per ounce by 1058 GMT. Prices hit their highest since May 9 at...

26.05.2022

Tin, nickel retreat as other base metals rally

Copper prices climbed to their highest in more than two weeks on Monday, buoyed by declining inventories and a weaker dollar, though gains were capped by the damage to demand from coronavirus lockdowns in top consumer China.

Benchmark copper on the London Metal Exchange (LME) was up 0.4% at $9,464 a...

Copper prices climbed to their highest in more than two weeks on Monday, buoyed by declining inventories and a weaker dollar, though gains were capped by the damage to demand from coronavirus lockdowns in top consumer China.

Benchmark copper on the London Metal Exchange (LME) was up 0.4% at $9,464 a...

Manufacturing industry

26.05.2022

Sales of Chevrolet Tracker car manufactured by UzAuto Motors to start

UzAuto Motors JSC officially launched a countdown to the start of sales of the Chevrolet Tracker (2023 model year) produced by the Asaka Automobile Plant on its website. According to the company’s website, Tracker sales will begin exactly in 100 days, namely at 18:00 on 30 August.

Earlier it was reported...

UzAuto Motors JSC officially launched a countdown to the start of sales of the Chevrolet Tracker (2023 model year) produced by the Asaka Automobile Plant on its website. According to the company’s website, Tracker sales will begin exactly in 100 days, namely at 18:00 on 30 August.

Earlier it was reported...

26.05.2022

Russian company Yachtin teams up with Uzbek leather and footwear industry

The Uzcharmsanoat Association held a meeting with representatives of the Russian company Yachtin. Issues of development of bilateral cooperation and implementation of joint projects were discussed at the meeting.

The delegation of Yachtin LLC - among the companies from the city of Kazan of the Russian Federation - will take part...

The Uzcharmsanoat Association held a meeting with representatives of the Russian company Yachtin. Issues of development of bilateral cooperation and implementation of joint projects were discussed at the meeting.

The delegation of Yachtin LLC - among the companies from the city of Kazan of the Russian Federation - will take part...

Communications and Transportation

26.05.2022

Uzbekistan, Tajikistan develop bilateral cooperation in the field of tourism

On 23 May, a business meeting was held in Samarkand between the largest tourism organizations of Tajikistan and tourism companies in Samarkand. This was reported by the press service of the Main Department for Tourism and Cultural Heritage of Samarkand region.

From the side of Tajikistan, the following companies took part:...

On 23 May, a business meeting was held in Samarkand between the largest tourism organizations of Tajikistan and tourism companies in Samarkand. This was reported by the press service of the Main Department for Tourism and Cultural Heritage of Samarkand region.

From the side of Tajikistan, the following companies took part:...

26.05.2022

Russia and Uzbekistan organise tourist charter flights

Rostourism has begun organising charter flights in the direction of Uzbekistan. It is reported by Financial One with reference to the press service of the department.

Its head Zarina Doguzova recently met with the head of the Ministry of Tourism, Aziz Abdukhakimov. During the negotiations, she spoke about the interest of...

Rostourism has begun organising charter flights in the direction of Uzbekistan. It is reported by Financial One with reference to the press service of the department.

Its head Zarina Doguzova recently met with the head of the Ministry of Tourism, Aziz Abdukhakimov. During the negotiations, she spoke about the interest of...

26.05.2022

Karshi airport undergoes reconstruction

The airport complex of the Karshi International Airport is being reconstructed, the Ministry of Transport of Uzbekistan reported. It is planned to expand the arrivals hall, increasing the terminal capacity from 200 to 400 passengers per hour. The second floor of the terminal will be reconstructed and adapted for departure.

The...

The airport complex of the Karshi International Airport is being reconstructed, the Ministry of Transport of Uzbekistan reported. It is planned to expand the arrivals hall, increasing the terminal capacity from 200 to 400 passengers per hour. The second floor of the terminal will be reconstructed and adapted for departure.

The...

Regional News

26.05.2022

Russian regions lag behind in artificial intelligence

Solutions based on artificial intelligence (AI) for the public sector in the regions largely remain “abstract, obscure and distant entities with almost no applied value for solving current problems of managing the socio-economic situation,” experts from the Centre for Strategic Research write in the study “Prospects and problems of using...

Solutions based on artificial intelligence (AI) for the public sector in the regions largely remain “abstract, obscure and distant entities with almost no applied value for solving current problems of managing the socio-economic situation,” experts from the Centre for Strategic Research write in the study “Prospects and problems of using...

26.05.2022

Central Bank of Russia begin to buy foreign currency from exporters through intermediaries

The Bank of Russia began to buy foreign currency from exporters through other market participants to keep the rouble from uncontrolled strengthening. The essence of the mechanism and how exactly it affects the foreign exchange market, the interlocutors of the publication did not disclose.

The regulator began to carry out such...

The Bank of Russia began to buy foreign currency from exporters through other market participants to keep the rouble from uncontrolled strengthening. The essence of the mechanism and how exactly it affects the foreign exchange market, the interlocutors of the publication did not disclose.

The regulator began to carry out such...

26.05.2022

Russian equity falters as rouble keeps rallying

The Russian rouble firmed around 4% against the dollar and euro on Monday, heading back towards multi-year highs hit last week, supported by capital controls and an upcoming month-end tax period.

By 1050 GMT, the rouble was 4% stronger against the dollar at 57.85, not far from 57.0750, its strongest mark...

The Russian rouble firmed around 4% against the dollar and euro on Monday, heading back towards multi-year highs hit last week, supported by capital controls and an upcoming month-end tax period.

By 1050 GMT, the rouble was 4% stronger against the dollar at 57.85, not far from 57.0750, its strongest mark...

26.05.2022

China stocks pressed as bug jumps over to Beijing

China stocks closed down on Monday as Beijing reported 99 new COVID-19 cases - the highest daily tally in the capital during the current outbreak - while profit-taking after two straight weeks of gains also weighed on benchmarks.

The blue-chip CSI300 index fell 0.6%, to 4,053.98, while the Shanghai Composite Index...

China stocks closed down on Monday as Beijing reported 99 new COVID-19 cases - the highest daily tally in the capital during the current outbreak - while profit-taking after two straight weeks of gains also weighed on benchmarks.

The blue-chip CSI300 index fell 0.6%, to 4,053.98, while the Shanghai Composite Index...

26.05.2022

Chinese yuan strengthens to 6.6756 against USD Monday

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 731 pips to 6.6756 against the U.S. dollar Monday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity...

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 731 pips to 6.6756 against the U.S. dollar Monday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity...

26.05.2022

China pushes for innovation drive to help boost recovery

China's intensified efforts to unleash the power of innovation in driving development are expected to inject fresh impetus into world economic recovery, boost the digital transformation of traditional industries and promote higher-level trade and investment, according to experts and business leaders.

The key to globalization lies in invigorating the vitality of...

China's intensified efforts to unleash the power of innovation in driving development are expected to inject fresh impetus into world economic recovery, boost the digital transformation of traditional industries and promote higher-level trade and investment, according to experts and business leaders.

The key to globalization lies in invigorating the vitality of...

Prices and Statistics

26.05.2022

Commodities

Date: May 24, 2022; Source: Bloomberg.com

Date: May 24, 2022; Source: Bloomberg.com