Uzbekistan’s GDP during the first nine months of 2021 grew by 6.9%, which was significantly higher than the 5.1% expected last year. More than 338,000 new jobs were created and 77,000 new business entities started operation. Exports (excluding gold) increased by 34.1% YoY, to $8.9 billion. Until year-end, the GDP growth is expected to be…
Uzbekistan has completed the construction of a new airport in Sokh district of Ferghana region, which borders with Batken region of Kyrgyzstan. The new air harbor is set to directly link the area surrounded by the territory of Kyrgyzstan with the Ferghana region and reduce the dependence of local residents on the highway passing through…
The Tashkent region is set to see at least 450,000 thousand new jobs over the next five years, according to plans unveiled by Uzbekistan’s incumbent leader, Shavkat Mirziyoyev. During his campaign trail in the region last week Mirziyoyev said that household incomes would expand two-fold. He said that particular attention would be paid to the…
As of September 1, the assets of all banks in Uzbekistan amounted to $37.6 billion, up by 22.5% YoY, according to the Bank Activity Index released by the Center for Economic Research and Reforms of Uzbekistan (CERR). The liabilities of banks also increased by 24%, to $31.6 billion. Total capital stood at $6.1 billion, up…
Uzbekistan’s southwestern Navoiy region is set to see the implementation of over 2,200 investment projects worth over $9 billion in the coming years, if the country’s incumbent leader Shavkat Mirziyoyev wins the October 24 elections. Presidential candidate from the Liberal Democratic Party unveiled massive plans intended to give a boost to the region’s development. Plans…
Uzbekistan’s fruit exports to China decreased by 16% YoY in January-August. Compared to 2019 this number plummeted three-fold. According to EastFruit analysts, the decline in the export supply of cherries was especially noticeable. In 2021, Uzbekistan exported only 14 tons of cherries. This was the lowest figure since Uzbekistan gained access to the Chinese cherry…
The Uzbek Republican Commodity Exchange (UZEX) saw $5.75 billion worth of deals during the first nine months of 2021, up by 61.5% YoY. The engagement level of small businesses and private entrepreneurs has increased by 56.8% and reached $2.1 billion. Entrepreneurs purchased commodity resources worth $1.36 billion through the exchange and sold their own products…
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