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Uzbekistan targets 50% increase in gold production
Uzbekistan sets its sights on a nearly 50% increase in gold production, aiming for 150 tonnes in the coming years.
“In Uzbekistan, you will find everything you need for business — peace, stability, and reliable guarantees.” Uzbek President speaks at investment forum
President Mirziyoyev emphasizes WTO accession, green economy transition, and investor support in his speech at the Tashkent International Investment Forum, highlighting reforms, SOE’s privatization program, arbitration court decisions, and guaranteed protection of investors' rights.
“There is much more in common between Ukraine and the states of Central Asia than it seems” — Andriy Yermak
Andriy Yermak, head of the Ukrainian Presidential Office, wrote an article, addressing Central Asian countries. He stressed that multi-vectorism is historically characteristic of the region’s states. Ukraine also sought to be multi-vector, until Russia forced it to make the final choice, he wrote.
ADSSC to develop advanced wastewater treatment plant in Tashkent
UAE-based ADSSC will begin construction of a new wastewater treatment plant in Tashkent in January 2024, with the capacity to process 1.5 million cubic meters of wastewater daily. The project includes modernizing pipelines and connecting existing treatment plants in the city.
Social tax rebate for employers hiring youth prolonged until 2025
A social tax rebate was reinstated for employers hiring workers under 25, excluding certain entities. Over 9,000 enterprises previously benefited, with 150 billion soums returned and 100,000 young people employed. The renewed incentive runs from May 1st, 2023 to January 1st, 2025.
French Alstom to aid in Tashkent tram route optimization — Ambassador
Alstom, a French company, will supply equipment and build a tram line in Tashkent, as well as provide consultation on route optimization. The Uzbek government insists on localization and seeks a feasible long-term infrastructure plan to connect old and new parts of the city.
Uzbekistan announces plans to develop lithium projects
Uzbekistan plans to start lithium mining and processing, with the Ministry of Geology identifying the development of other “technological metals” in the country as a promising direction for growth.
Uzbek leadership and Czech PM discuss expanding cooperation
Czech PM Petr Fiala held talks with Uzbek President and PM in Tashkent and took part in a business forum. The Czech side expressed interest in buying uranium and copper and supplying trams, trains and planes. They also discussed arranging direct flights and other issues.
Uzbekistan to buy 300,000 tons of oil from Russia in 2023
Uzbekistan has reached a deal with Gazpromneft to procure 300,000 metric tonnes of oil in 2023.
Chinese Ambassador’s remarks regarding the sovereignty of former Soviet countries sparks outcry
A statement by the Chinese Ambassador to France questioning the sovereignty of the former Soviet Union countries provoked a diplomatic scandal. A number of European countries reacted, and China reassured that it respected the independence of all states that became independent of the Soviet Union.
Russian AvtoVAZ considers assembling new Lada Vesta in Uzbekistan
AvtoVAZ President Maksim Sokolov announced that the company is exploring options to resume the assembly of its next-generation Lada Vesta cars and increase the localization of automobile manufacturing in Uzbekistan.
Uzbekistan in talks to restart Renault car assembly — Ambassador
The assembly of Renault’s cars in Uzbekistan has been put on hold due to delivery issues from Russia and other countries, said the Uzbek Ambassador to France, Sardor Rustambayev. He stated that efforts are currently underway to “restore the disrupted supply chains.”
ACWA to develop two wind farms in Bukhara with ADB support
The Asian Development Bank and Saudi Arabia’s ACWA Power have signed loans worth $174 million to develop the Bash and Dzhankeldy wind farms in Uzbekistan’s Bukhara region.
Aggregate income of Uzbekistan’s population rises by 10.8% in Q1 2023
Uzbekistan citizens' actual income jumped by 10.8% in Q1 2023, reaching 144 trillion soums, outperforming past years. Inflation-adjusted figures show growth led by employment and transfer incomes, despite industry downtime and declining remittances.
Uzbekistan’s energy imports surge amid declining domestic production
Uzbekistan imported $151.2 million worth of gas in March, more than half of its imports last year. The figure rose sharply against the backdrop of falling domestic gas production. Import of coal, oil and oil products also increased.
Uzbekistan’s GDP grows by 5.5% in Q1 2023
Uzbekistan’s GDP grew by 5.5% in the first quarter of 2023, surpassing forecasts, despite initial concerns due to industrial setbacks from January’s extreme cold weather. Industrial production and construction work demonstrated a significant rebound, contributing to the economic upturn.
Uzbekistan’s gas, electricity and coal production declines in Q1 2023
Uzbekistan experienced a 9.6% decline in gas production during Q1 2023, totaling 12.3 billion cubic meters, with electricity production also falling by 5%. The production of thermal energy and coal has fallen as well. This downturn is attributed to reduced tax rates and other industry challenges.
Silk Avia begins commercial flight operations in Uzbekistan
Uzbekistan’s first regional airline, Silk Avia, has begun commercial flight operations. The airline is offering low-cost flights from Tashkent to Termez, Navoi, Namangan, Karshi, and Urgench (via Bukhara and Samarkand).
Meeting climate goals with energy efficiency and renewable energy
Fossil fuels are a dead end for our planet, for humanity, and for economies. In her column for International Mother Earth Day, UNDP Resident Representative Matilda Dimovska writes about UNDP-supported green technology best practices in Uzbekistan.
541 people in Uzbekistan pardoned by presidential decree
Uzbek President granted pardons to 541 people who demonstrated sincere repentance and commitment to amending their ways. Among them 36 foreign citizens, 136 women and 75 men over 60 years old. The decree calls for their reintegration into society, with support from relevant ministries and agencies.
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