The Islamic Development Bank (IDB) and the OPEC Fund for International Development are set to help Uzbekistan with the development of rural settlements and allocate loans worth $200 million and $75 million, respectively. According to a recent decree inked by President Shavkat Mirziyoyev, Uzbekistan’s contribution to projects in rural areas would comprise $60 million. Projects…
On September 17, the Uzbek government adopted a resolution that provided for additional measures to reduce losses of agricultural and food products. According to the decree, a portal of the electronic agro-industrial market is set to be established within the state institution “Center for Digitalization of Agro-Industry” under the Ministry of Agriculture. The portal will…
Saudi Arabian ACWA Power (ACWA) has won another international energy tender in Uzbekistan. A developer, investor, co-owner and operator of a portfolio of power generation, renewable energy and desalinated water production plants, offered a tariff of 2.5695 cents per kWh of generated electricity. The reserve winner was Masdar (UAE) with a tariff of 2.655 cents.…
Uzbekistan exported a total of 9,600 tons of apricots worth $8.2 million in January-July. Exports were carried out to the markets of eight foreign countries. The largest volume of Uzbek apricots was delivered to Kazakhstan (4,200 tons), followed by Russia (3,600 tons) and Kyrgyzstan (1,500 tons). Ukraine purchased 243.3 tons, with UAE importing 1.7 tons.…
Uzbekistan imported 310,000 tons of potatoes worth $35.4 million in the first seven months of 2021. This is the highest figure for this period over the past two decades. Experts claim the increase in potato imports contributes to price stability in the domestic market. The statistical committee said that the imports of potatoes in the…
Uzbekistan has slightly improved its position In the Competitive Industrial Performance Index 2021. According to the rating website, being placed 94th Uzbekistan received a score of 0.017. The country remained in the quintile of states with a medium-low level of industrial development, but was able to improve the indicator by one position. In terms of…
Uzbekistan is set to hold 15 IPOs in the next three years, including the IPOs of five state-owned banks, three insurance companies, metallurgical and other companies, the Deputy Finance Minister Odilbek Isakov has said. He said that new financial products would be released, including ETFs for gold, mortgage bonds and sukuk. The government is also…