Uzbekistan carried out $4.6 billion worth of construction work during January-June. The country’s statistical committee said that construction volume surged by 100.1% YoY. The public sector completed 95.9% of all works. Large construction organizations carried out construction work worth some $1.15 billion, with the share of small enterprises and microfirms amounting to $2.4 billion. (Uzreport/Business…
The average monthly wage of employees of enterprises in Uzbekistan amounted to UZS 2.9 million in January-June, up by 16% YoY. According to data provided by the country’s statistical committee, the highest level of the average monthly wage for the specified period was observed in financial and insurance activities, the lowest in the field of…
Uzbekistan’s foreign trade turnover amounted to $18 billion in January-June, up by 13.6% YoY. The country’s statistical committee said that the number was still below the pre-pandemic figure of $19.6 billion. Exports exceeded $7 billion, expanding by 12.3%. Imports increased by 14.3%, to $10.9 billion. The negative balance of foreign trade turnover amounted to $3.9…
The Export Promotion Agency of Uzbekistan has signed a cooperation agreement with China’s largest e-commerce giant Alibaba Group. The document provides Uzbek entrepreneurs with unique access to the electronic B2B system and a separate section, thus granting them an opportunity to use the online marketplace. The Export Promotion Agency said it would cover the expenses…
Uzbek President Shavkat Mirziyoyev during negotiations with Pakistani Prime Minister Imran Khan said that both states had untapped potential to increase bilateral trade at least 5-fold. The parties said that the trade turnover between both countries had increased four-fold over the past years. The number of joint ventures has increased by more than a hundred.…
Uzbekistan has earlier announced the opening of an orderbook for an $870-million dual-tranche eurobond denominated in dollars and local currency. Deputy Head of the department for operations with international financial markets of the Finance Ministry Aziz Sodikov has briefed about the government plans, towards which spheres the revenue received from eurobonds would be used. The…
Uzbekistan aims to increase volume of digital economy services to $1.5 billion, and export of computer software to $40 million, president Shavkat Mirziyoyev’s press office has reported. Mirziyoyev, addressing a videoconference on July 13, said that digitalization in several industries was still lagging behind. “The work done in recent years has really yielded results, services…