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…
Uzbekistan and the World Bank (WB) discussed measures aimed at mitigating the negative impact of the coronavirus pandemic on the economy. The discussions took place during a meeting of representatives of the Ministry of Finance of Uzbekistan and WB. In addition, the parties considered the issues of financing education, health and social protection during the…
Uzbekistan carried out construction works totaling $3.5 billion in January-May, up by almost 100.9% YoY. State-owned organizations have carried out construction works for a total amount of $141 million. Their share in the republic was 4%. The share of non-state organizations comprised 96%. The volume of construction works performed by small enterprises and micro-firms amounted…
Having decreased by $1.37 billion over the month, the volume of gross gold and foreign exchange reserves of Uzbekistan as of July 1 amounted to $34.14 billion, according to the data unveiled by the Central Bank. The country’s gold and foreign exchange reserves declined after a record high in early June, which was $35.5 billion.…