The World Bank’s Board of Executive Directors has approved the provision of $400 million in financing to Uzbekistan as part of the Development Policy Operation (DPO), the WB press service has reported. The purpose of the operation is to help the government implement socio-economic reforms that will help accelerate the country’s transition to an inclusive…
Tashkent, Samarkand and Bukhara plan to introduce a Tax-Free system – a procedure of refunding value-added tax (VAT) paid to foreign nationals for the purchased goods when crossing the border of Uzbekistan, the presidential press secretary Sherzod Asadov has reported. President Shavkat Mirziyoyev said that the volume of retail trade could be increased two or…
From January 1, 2022, it is planned to increase fares on the subway and buses in Tashkent, from $0.13 (1,400 soms) to $0.16 (1,700 soms), according to a draft decision of the capital’s mayor. In addition, it is planned to review the cost of tariffs and to introduce a limit on the number of rides…
Last week, Artel Electronics LLC (Artel), Central Asia’s largest home appliance and electronics manufacturer, became an official participant of the United Nation Global Compact (UNGC). Launched in 2000, the UNGC is a voluntary leadership platform for the development, implementation, and disclosure of responsible business practices. Artel becomes Uzbekistan’s third company to participate. Artel joins over…
Uzbekistan is working to increase exports of packed dried fruits to China, the Uzbek embassy in Beijing reports. China is one of the world leaders in the consumption of processed fruits, vegetables, raisins and legumes. The country imports large quantities of dried fruits and nuts from foreign countries to meet the growing demand for fruits…
Authorities of Uzbekistan have confirmed their readiness for the republic’s membership in the Eurasian Development Bank (EDB), Deputy Prime Minister of Uzbekistan, Jamshid Kuchkarov has announced. The republic has already applied for membership in the bank as a shareholder. In turn, the Chairman of the Board of the EDB Nikolay Podguzov said that the coordination…
Uzbekistan’s State Statistics Committee has announced the list of countries where Uzbekistan exported cars in January-October. Kazakhstan remains the main importer of Uzbek-made cars with 26,776 units, followed by Ukraine (568) and Russia (400). During the reporting period, Azerbaijan purchased 141 cars from Uzbekistan, neighboring Afghanistan – 128, Tajikistan -72 and the Kyrgyz Republic –…