Uzbekistan intends to raise trade with Turkic Council states up to $10 billion, the Deputy Minister for Investments and Foreign Trade Aziz Voitov has said. Voitov made the remark at the 10th meeting of the ministers of economy of the countries participating in the Cooperation Council of Turkic-speaking states (Turkic Council) in Baku. “We have…
A Tajik-Uzbek investment company has been created pursuant to a decree of the Uzbek President Shavkat Mirziyoyev. The authorized capital will initially amount to $12 million, with a subsequent increase to $50 million. Its establishment was provided for by the relevant intergovernmental agreement between both states. It was signed in June, within the framework of…
The state debt of Uzbekistan as of July 1 stood at $24.2 billion, or 35.8% of GDP, according to the Ministry of Finance. The state external debt amounted to $21.8 billion and the internal debt stood at $2.4 billion. “The reasons for the growth of the state debt by $858.6 million in the first half…
Agreements worth $330 million were signed in favor of Uzbekistan on the sidelines of Islamic Development Bank’s (IsDB) 2021 Annual Meetings held in Tashkent. “We have learned a lot about the pressing development problems faced by our participating countries in connection with the pandemic. The topics discussed during the week, especially during the round table…
Uzbekistan has become the first country to send commercial cargo to Afghanistan since the Taliban took the government, the Chamber of Commerce and Industry (CCI) of Afghanistan reports. The cargo was delivered on two trains. The quantity and purpose of the goods was not specified. The Taliban have not yet announced a final decision on…
Uzbekistan Express, Uzbekistan Airways’ new lower-cost subsidiary, has performed its first flight on the hybrid model of transportation. On the eve of the celebration of the anniversary of independence, the flight delivered passengers from Tashkent to Moscow. “Uzbekistan Airways Express, together with the Ministry of Employment and Labor Relations of the Republic of Uzbekistan, presented…
A number of events are to be held in the Uzbek capital from September 1 to 4, within the framework of the annual meeting of the Board of Governors of the Islamic Development Bank Group. Over 2,000 representatives of various organizations and businessmen are invited to the event. One of these important events will be…