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The Senate approves ratification of Uzbek-Kazakh border demarcation treaty
The Senate of the Oliy Majlis of Uzbekistan approved a law ratifying an agreement between Uzbekistan and Kazakhstan on the demarcation of their shared border.
Uzbekistan increased gas exports to China in May, despite falling production
Uzbekistan increased its natural gas exports to China in May, with supplies rising to $78.16 million, almost double the amount exported in April. Despite this increase in exports, the country’s gas production continues to fall.
Uzbekistan sees decline in gas production and record high increase in electricity production
Gas production in Uzbekistan fell by 9.8% in the first five months of the year compared to the same period last year, with production falling for the second consecutive month in May. Meanwhile, electricity production showed record growth in May, while growth in oil production slowed to 3.1%.
Raiffeisenbank to stop euro transfers to Uzbekistan and other countries
“Raiffeisenbank,” a Russian subsidiary of the Austrian banking group Raiffeisen Bank International, announced that it will stop making euro transfers to Uzbekistan, Russia, Kazakhstan, Kyrgyzstan and several other countries. The decision will take effect on July 3.
Former Foreign Minister of Uzbekistan announces retirement
Former Foreign Minister of Uzbekistan, Vladimir Norov, announced his retirement after 45 years of service in government agencies and embassies. He said he has set up a consultancy company and intends to use all his contacts to promote Uzbekistan’s foreign policy.
Uzbekistan to improve public mental health service
Uzbekistan announced plans to fundamentally improve its public mental health service by integrating it into primary health care facilities and introducing special social-emotional learning in schools. Additionally, specialists in the field will receive an increase in their salaries.
Women leaders of Central Asia discuss innovation and technology in Astana
The Dialogue of Women Leaders of Central Asia recently held a meeting in Astana to discuss the role of women in innovation and technology development. The Uzbek delegation was led by Tanzila Narbayeva, Chairperson of the Senate.
Early voting for presidential election to begin on June 28
The Central Election Commission of Uzbekistan announced that early voting for the upcoming presidential election will take place from June 28 to July 5. Voters unable to be present on election day are eligible to participate in early voting.
Uzbekistan Airways expands fleet with new A320neo
Uzbekistan Airways received its 18th Airbus aircraft, an A320neo. Four more due to arrive by the end of the year. They will have the simplified fuselage color due to the carrier’s plans to refresh its corporate livery.
Russia to supply 2.8 billion cubic meters of gas to Uzbekistan annually
The Energy Ministry of Uzbekistan announced details of a two-year gas agreement with Gazprom. It will supply 9 million cu.m. daily and an annual volume will reach almost 2.8 billion cu.m. This is in contrast to earlier reports by Kommersant, which stated that the volume would be twice as much.
Uzbekistan and Iran discuss prospects of cooperation in high-level talks
During his official visit to Iran, President Mirziyoyev held talks with President Raisi and Iran’s Supreme Spiritual Leader Ayatollah Sayyid Ali Khamenei. They discussed cooperation prospects and regional issues. A joint declaration on strengthening cooperation and several agreements were signed.
Uzbekistan to celebrate Eid al-Adha on June 28
President Mirziyoyev signed a resolution declaring start of the Eid al-Adha in Uzbekistan on June 28. The people of Uzbekistan will enjoy five consecutive days off to celebrate the occasion.
Uzbekistan establishes diplomatic relations with Trinidad and Tobago
Uzbekistan and Trinidad and Tobago signed a joint communiqué in New York, establishing diplomatic relations between the two countries. This marks the 144th country with which Uzbekistan has established diplomatic relations
Uzbekistan Airways to purchase LET aircraft from Czech manufacturer
Uzbekistan Airways signed an agreement with Czech aircraft manufacturer LET Aircraft Industries to purchase up to four LET L-410-E20 light turboprop aircraft. They are to be used for flights within Uzbekistan.
Uzbekistan to write off penalties for personal property and land tax arrears
President of Uzbekistan signed a resolution that stipulates writing off penalty amounts accrued on personal property tax and land tax. Additionally, the decree terminates court and enforcement proceedings related to the collection of tax arrears, penalties, and fines.
Russian gas supplies to Uzbekistan to begin in Q4 2023
An agreement on Russian gas supplies to Uzbekistan was signed between Gazprom and Energy Ministry of Uzbekistan, along with a road map for preparing the country’s gas transportation system. The supply of Russian gas to Uzbekistan via Kazakhstan will begin in the fourth quarter of 2023.
Duties on imports of some cars reduced in Uzbekistan
President Mirziyoyev signed a decree that stipulates the reduction of customs duties for cars with engines under 1,200 cc until January 1, 2028, resulting in a decrease in total customs duties for these types of vehicles.
Central Bank of Uzbekistan keeps main interest rate at 14%
The Central Bank of Uzbekistan kept its main interest rate at 14%. The bank stated that the economy continues to experience a slowdown in inflation due to fundamental and seasonal factors, with the likelihood of sharply rising inflation reduced if current trends persist until the end of the year.
ILO and IFC launch Better Work programme in Uzbekistan to bolster country’s textile and garment industry
The International Labour Organization and the International Finance Corporation launched a new Better Work programme in Uzbekistan, aimed at improving working conditions and competitiveness in the country’s textile and garment industry through compliance assessments, training, and advisory services.
Hungary’s OTP Bank buys majority stake in Uzbekistan’s Ipoteka Bank
Ipoteka Bank, Uzbekistan’s fifth largest bank, was acquired by Hungary’s OTP Bank. They bought 73% of Ipoteka Bank’s shares from the Uzbek Ministry of Economy and Finance for $324 million, and plans to buy the remaining 26% within three years. The bank also changed its logo as part of the deal.
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