Uzbek state agency UzAssets has unveiled the list of the most profitable and unprofitable state-owned enterprises (SOEs) in the country. The number of SOEs in the country currently stays at 2,578. Top-10 by profit: Almalyk mining and metallurgical complex – $370.9 million, Uzbekneftegaz – $323.3 million, Ferghanaazot – $27.8 million, Uzmetkombinat – $20.8 million, Hududgaztaminot…
A draft directly related to the responsibility of heads of organizations for the late publication of financial statements, as well as the prevention of violations of the law on accounting was under scrutiny by Uzbek MPs. The draft reflects the norms aimed at strengthening responsibility for the organization of accounting. “Timely and high-quality presentation of…
Uzbek and Turkmen leaders discussed “untapped potential” in the development of bilateral ties, as President Shavkat Mirziyoyev paid a visit to Ashgabat on April 29. According to the press service of the Uzbek president, the trade turnover between the states has tripled over the past few years, reaching $530 million in 2020. The parties expressed…
Uzbek Transport Minister Ilham Makhkamov has commented on the privatization of Uzbekistan Airways. He said that prior to the privatization, the government should work on increasing the attractiveness of the company for investors. “Our main goal should be selling the airline at a good price. All the aircraft purchased in until today were brought using…
President Shavkat Mirziyoyev on April 27 inked a decree aimed at improving the infrastructure of free economic zones (FEZ) and small industrial zones (SIZ). For this purpose, the government is set to allocate $152 million. Some $55 million is to be allocated for the construction of electricity, gas and water supply networks, sewerage and roads…
The State Tax Committee has introduced changes in the invoice processing system. Since April 23, taxpayers are able to draw up additional or corrected invoices upon receiving a basis for adjusting the tax base. The downward adjustment of the tax base is made by issuing additional invoices with negative indicators, which correct the information in…
Uzbekistan’s foreign trade turnover amounted to $7.1 billion in January-March, with a negative trade balance at $2.3 billion. Compared to the same period of 2020, the indicator has dipped by $930 million or by 11.6%, according to the statistical committee. Exports in the reporting period totaled almost $2.4 billion and imports $4.7 billion. The export…