According to Uzbekistan’s Central Bank, interest rates on loans in the country have decreased compared to 2020. The average rate on loans in the national currency since the beginning of the year has remained in the range of 20-21%, while in April it was 21.3%. At the same time, the average rate in 2020 was…
Food and Agriculture Organization of the UN has launched a $3.4-million 4-year project “Smart Farming for the Future Generation”. Organized with the financial support of the Republic of Korea, the project is also underway in Vietnam. Three demonstration sites are to be created in Uzbekistan to build capacity, develop agribusiness opportunities and receive technical support.…
The Chevrolet brand has topped the list of the best-selling car models in Kazakhstan. The Association of Kazakhstan Automobile Business said that demand for these cars had surged by almost 5000%. According to the source, in just the first four months of this year, sales of Uzbek cars in Kazakhstan soared by 4697% compared to…
Uzbekistan is planning to increase the volume of services 2-fold until 2023. The government is intending to create an automated online information system “Business Indicator”, which, from July 1, will publish the rating of the level of development of the service sector in terms of regions of the country. It also plans to evaluate the…
Uzbekistan exported $3.2 billion worth of goods during January-March, the GDP growth amounted to 3%, industrial production grew by 3.8% and agriculture by 3.1%. State budget revenues exceeded the forecast by almost $190 million. President Shavkat Mirziyoyev during a meeting on May 12 said that these figures, indeed, were good, but not enough. If all…
Uzbekistan has launched the export of early cherry varieties to Russia, Kyrgyzstan and Kazakhstan, according to the country’s statistical committee. The transportation and loading of cherries is carried out mainly in the evening, since storing of this product at a high temperature leads to spoilage. Last year the country exported over 13,000 tons of cherries…
Uzbekistan’s chemical enterprises until the end of this year plan to produce 26 types of localized goods worth $139 million, the state-owned Uzkimyosanoat company reports. It added that enterprises engaged in the sphere delivered $40.9 million worth of goods in January-April, exceeding the target by 136.94%. The volume of exports comprised $11.49 million, whereas during…