| Economy

Uzbekistan's GDP Could Reach $200 Billion by 2030

Economy

Uzbekistan's Ministry of Economy and Finance has provided updated forecasts for GDP and inflation, with projections showing the country's GDP could reach $200 billion by 2030.

Eurasian Development Bank to Open Office in Tashkent

Economy

Uzbekistan’s Minister of Investment, Industry, and Trade Laziz Kudratov held a meeting with the Chairman of the Eurasian Development Bank (EDB), Nikolay Podguzov, to discuss the expansion of cooperation between the two parties.

Trump: U.S. Sanctions Jeopardize Dollar's Status as Global Currency

Economy

Former U.S. President and current Republican candidate Donald Trump warned that American sanctions against countries like Russia are undermining the dollar's status as the world’s reserve currency. He mentioned that during his presidency, he also imposed sanctions but quickly reversed them.

Uzbekistan and Azerbaijan: Striving for New Heights in Bilateral Cooperation

Economy

On August 22, ahead of Azerbaijani President Ilham Aliyev's state visit, the Uzbek-Azerbaijani Business Forum was held in Tashkent. The forum was attended by high-ranking officials, with Uzbekistan represented by Minister of Investments, Industry, and Trade Laziz Kudratov, and Azerbaijan by Minister of Economy Mikayil Jabbarov.

Uzbekistan's Gold and Foreign Exchange Reserves Hit Record $37.4 Billion

Economy

In July, Uzbekistan's gold and foreign exchange reserves increased by $1.06 billion, reaching a record $37.4 billion. This growth is attributed to the accumulation and rising value of gold.

Uzbeks' average monthly nominal salary announced

Economy

Those work in banking, insurance, leasing, credit and mediation, as well as in the information and communication sector, are said to receive the highest monthly salary.

Uzbekistan established trade relations with 186 world countries in 5 months

Economy

According to the Statistics Agency under the President of the Republic of Uzbekistan, in January-May 2024 Uzbekistan established trade relations with 186 countries of the world, bringing the volume of foreign trade turnover to 26.7 billion US dollars.

Uzbekistan participated in the International Comparison Programme for the first time

Economy

The GDP based on purchasing power parity in Uzbekistan amounted to 285 billion USD, according to the Statistics Agency under the President of the Republic of Uzbekistan.

Uzbekistan's foreign trade turnover reached $20.9 bln in January-April 2024

Economy

The volume of foreign trade turnover of Uzbekistan in January-April 2024 reached $20.9 billion, according to data from the information and analytical portal Review.uz.

Uzbekistan's economic indicators for January-April 2024 published

Economy

According to preliminary data, the Statistical Agency under the President of the Republic of Uzbekistan has published the country's economic indicators for the first four months of this year:

Uzbekistan exports 375.3 thousand tonnes of fruits and vegetables in three months

Economy

During January-March 2024, Uzbekistan exported 375.3 thousand tons of fruits and vegetables amounting to 219.8 million US dollars, as reported by the press service of the Uzbekistan Statistics Agency.

Uzbekistan-Tajikistan Trade Volume Hits $756.8 Million in 2023

Economy

In 2023, the volume of trade between Uzbekistan and Tajikistan amounted to 756.8 million. This was reported by the press service of the Centre for Economic Research and Reforms of Uzbekistan.

The banks of Uzbekistan will reduce interest rates on loans for entrepreneurs upon the creation of new jobs

Economy

Shavkat Mirziyoyev explained, using the example of the Yunusabad district, how it is necessary to work on increasing the population's income. He stated this at an extraordinary session of the Tashkent City Council of People's Deputies.

Uzbekistan and Vietnam to set up joint trade house

Economy

As part of a three-day visit to Vietnam by Uzbekistan's Foreign Minister, the delegation took part in an Uzbek-Vietnamese business forum held on 19 March. This was reported by the Chamber of Commerce and Industry.