| Economy

U.S. National Debt Set to Reach Unprecedented $54 Trillion

Economy

The U.S. national debt could surge to $54 trillion within the next decade, posing a serious threat to the country's global standing.

Uzbekistan Evaluates Shadow Economy for the First Time: GDP Increases

Economy

For the first time, Uzbekistan has conducted an evaluation of its shadow and informal economy. The results show that the country's GDP in 2023 increased by an additional $10.7 billion, reaching a total of $101.6 billion.

Uzpromstroybank Wins Three Prestigious "Euromoney" Awards

Economy

On July 18, at the "Euromoney" international magazine's "Banking and Finance Sector - 2024" awards ceremony held in London, Uzpromstroybank was honored with three prestigious awards.

Uzbekistan earned over $21.4 million from the export of apples and apricots

Economy

A total of 12,500 tonnes of apricots were exported to 29 different countries worldwide. China, Kazakhstan, and Russia made the largest apricot purchases.

Uzbekistan exported 722.1 thousand tonnes of fruits and vegetables in five months

Economy

In January-May 2024 Uzbekistan exported 722.1 thousand tonnes of fruits and vegetables worth USD 420.1 million, the Statistics Agency under the President of Uzbekistan reported.

Uzbekistan to open trade missions in Moscow and other Russian cities

Economy

Uzbekistan intends to open trade missions in Moscow, Kazan, Novosibirsk, St Petersburg and Ufa in the near future, TASS reported citing deputy chairman of the Uzbek Exporters Association Bobur Rasulev.

Uzbekistan increased fruit and vegetable exports by 43.3% in January-April 2024

Economy

In January-April 2024, Uzbekistan exported 514.8 thousand tons of fruits and vegetables worth 298.5 million US dollars, according to data from the Statistics Agency under the President of the Republic of Uzbekistan.

Tashkent has become the engine of the Uzbek economy

Economy

In January-March 2024, the city of Tashkent made the largest contribution to the formation of the country's GDP with a share of 20.1%.

EBRD President Renaud-Basso to visit Uzbekistan

Economy

The President of the European Bank for Reconstruction and Development (EBRD), Odile Renaud-Basso, will visit Uzbekistan from 1 to 3 May 2024 for meetings with senior government officials and foreign investors. This was reported by the press service of EBRD.

Oil prices jump on escalating tensions in the Middle East

Economy

Oil prices jumped on Friday while Asian markets tumbled, with global investors worrying about an escalation in conflict in the Middle East after explosions were reported near the Iranian city of Isfahan. This was reported by CNN.

Industrial production by small enterprises in Uzbekistan increased by 13.9%

Economy

According to preliminary data from the Statistics Agency, the volume of industrial production by small enterprises in the Republic of Uzbekistan reached 176.5 trillion sums in 2023. This figure has increased by 13.9% compared to the same period last year.

Uzbekistan actively participates in Middle Corridor's development

Economy

Uzbekistan plays an active role in shaping the further development of the Middle Corridor, political expert and senior researcher of the Institute of State and Law of Uzbekistan's Academy of Sciences, Ravshan Nazarov told Trend News Agency.

Azerbaijan experiences growth in oil prices

Economy

The price of Azerbaijani Azeri Light crude oil on March 25 rose $1.42, compared to the previous figure and amounted to $88.59 per barrel. This is reported by Trend with reference to a source from the oil and gas market of Azerbaijan.

The III Turkic agribusiness forum of the OTS is taking place

Economy

The III Turkic agribusiness forum is being held in Taraz, Jambil region of the Republic of Kazakhstan. This was reported by the Ministry of Agriculture of Uzbekistan.

Uzbekistan's gold prices rise 1.8% in one day, hitting $353

Economy

Gold prices in Uzbekistan rised to new heights on, March 6, marking the third consecutive day of record-breaking figures, as disclosed by the Central Bank of Uzbekistan.

Uzbekistan showcases electrical industry potential at Malaysia business forum

Economy

A delegation from Uzbekistan, led by Foreign Affairs Minister Bakhtiyor Saidov, participated in the Uzbek-Malaysian Business Forum held in Kuala Lumpur on February 28. The event aimed to foster collaboration and investment opportunities between the two nations.

Uzbekistan intends to increase the volume of Russian gas supplies by almost 4 times

Economy

The increase in volumes will be carried out through modernisation of the main system in the period from 2024 to 2030. It is planned to allocate $500 million for this purpose.

EU extends anti-Russian sanctions

Economy

The sanctions imposed against Russia because of the entry of new regions into its composition will remain in force until February 24, 2025.