Joint initiatives in mechanical engineering and light industry fields will help to increase the volume of bilateral trade between Uzbekistan and Ukraine, the Ministry of Economy of Ukraine reports, commenting on the measures taken to increase bilateral trade between Uzbekistan and Ukraine. According to the ministry, a meeting was held in February in Kyiv at…
Uzbek President Shavkat Mirziyoyev promised to channel $11.3 billion worth of investments towards the development of the Tashkent region. As part of his trip to the region on March 18, he talked to local residents. “The purpose of my visit is to create modern conditions in the Tashkent region. The population of the region is…
The Agency for State Asset Management (SAMA) of Uzbekistan has announced the sale of twenty state-owned gas stations, service and other real estate objects. All lots are available for purchase on the electronic trading platform E-Ijro Auksion. Eight available gas filling compressor stations have licenses to sell compressed natural gas. “If the buyer meets the…
A plan of practical measures (roadmap) to expand and deepen cooperation between Uzbekistan and Kyrgyzstan in the industrial field was signed during a state visit of Sadyr Japarov to Uzbekistan. It is planned to implement 60 projects for $ 550.4 million: – Creation of the Uzbek-Kyrgyz Development Fund with the announced capital at the first…
Presidents of Kyrgyzstan and Uzbekistan agreed on joint operation of hydropower facilities, Shavkat Mirziyoyev said following the talks with Sadyr Japarov. According to him, the countries start implementation of large hydropower projects. “Our companies are working out the issues of joint construction and operation of hydropower projects. These are very serious and large objects. We…
Uzbekistan’s external debt soared to $21.2 billion, or 36.5% of GDP, as of the end of 2020. This was almost exactly in line with an October 2020 forecast of Fitch Ratings. Five years ago, the GDP ratio stood at 16%. Tashkent has justified the rising external borrowing by pointing to social demands that require urgent…
Foreign ministers of Uzbekistan and Turkey have agreed to boost trade to $5 billion, as officials met in Tashkent on March 9. On the same day, they signed a memorandum of understanding to improve bilateral relations and cooperation. Turkish Foreign Minister Mevlut Cavusoglu said that despite the pandemic, the trade hadn’t decreased, but soared to…