| Economy

S&P Keeps Uzbekistan’s Credit Rating as “Stable”

Economy

The global credit rating agency S&P has maintained Uzbekistan’s sovereign credit rating at “BB-/B” (stable outlook). This is reported by The Times of Central Asia with reference to the company's report.

Uzbek farms' production of animal products in three months revealed

Economy

The press service of the Statistics Agency under the President of the Republic of Uzbekistan has presented the exact volumes of meat, milk, eggs and fish products produced in Uzbekistan in the first three months of this year.

Uzbekistan disbursed investments worth 107.1 trillion soums in early 2024

Economy

For the development of the economic and social sphere of the Republic of Uzbekistan, 107.1 trillion soums of investments in fixed capital were spent in all types of economic activities in January-March 2024, as reported by the Statistics Agency under the President of the Republic of Uzbekistan.

Azerbaijan and Uzbekistan are exploring financing options for joint projects

Economy

During the visit of the Minister of Economy of Azerbaijan, Mikail Jabbarov, to Uzbekistan, a meeting of the Supervisory Board of the Azerbaijan-Uzbek Investment Company took place. This was reported by Trend.

Uzbekistan's purchases of Russian gas surged 2.35 times in Q1 2024

Economy

Uzbekistan bought Russian gas worth $360 million in the first quarter of 2024, which is 2.35 times more than in the same period of the previous year. This was reported by the press service of the Statistics Agency under the President of Uzbekistan.

The Central Bank of Uzbekistan called to be aware of fraudsters

Economy

Currently, fraudsters are attempting to distribute fake banking licenses to citizens via the internet using counterfeit phone numbers, offering loans, and misappropriating their funds. This warning was issued by the press service of the Central Bank of Uzbekistan.

Uzbekneftegaz shares data on exports for 1Q2024

Economy

The value of Uzbekneftegaz's (Uzbekistan's state oil and gas company) exports amounted to $158.5 million from January through March 2024. This was reported by Trend, citing Uzbekistan's Statistics Agency.

Uzbekistan increased exports of fruits and vegetables in 2024

Economy

According to statistics, Uzbekistan exported 251.2 thousand tonnes of fruits and vegetables worth $150.1 million in January-February 2024. This was stated in the Ministry of Agriculture of Uzbekistan.

The amount of venture capital deals in Uzbekistan for 2023 exceeded $6 million

Economy

In Uzbekistan, the amount of venture capital deals in 2023 doubled in 2022 and totalled more than $6 million. This is evidenced by the results of Rise Research from 14 March 2024.

Uzbekistan and China deepen cooperation: new prospects and initiatives

Economy

On 28 February, in Tashkent during the international conference "Uzbekistan and China: promoting mutually beneficial cooperation for the benefit of the peoples of the two countries" the results of the state visit of the President of Uzbekistan to China on 23-25 January were discussed. This is reported by Dunyo news agency.

Statistics Agency named 10 import partner countries of Uzbekistan

Economy

According to the report of the Statistics Agency, the partner countries with a high share in Uzbekistan's imports in January 2024 are recognised as:

Uzbekistan's foreign trade turnover exceeded $4 bln

Economy

In January 2024, Uzbekistan's total foreign trade turnover amounted to $4.2 billion, which means a decrease of $870.1 million or 17.2% compared to January 2023, the Statistics Agency reported.

Central Asian Expo: opening of the largest exhibition organiser Messe Frankfurt

Economy

On 16 February 2024, a press conference dedicated to the opening of the representative office and official office of the largest exhibition organiser Messe Frankfurt represented by Business Media Central Asia (BMCA) Uzbekistan was held at the Central Asian Expo (CAEx).

Japan loses its spot as world's third-largest economy

Economy

The latest data on Japan's economic growth indicates that the country slipped to fourth place in the global ranking of economic output last year due to the impact of a weak currency and demographic crisis.

Germany is losing its status as an industrial superpower amid the crisis

Economy

As Bloomberg reports, Germany is facing a political and energy crisis that threatens its position as an industrial superpower. This crisis is caused by competition from the U.S. and China, as well as the cessation of Russian gas supplies.

EU €50bn will not solve Ukraine's problems

Economy

According to the World Bank, Ukraine needs $411bn to rebuild in the long term.

Laziz Kudratov held talks with the Director of the Turkic Investment Fund

Economy

During the meeting, the sides discussed issues of expanding trade relations, joint development and implementation of investment projects and initiatives.

German economy stuck in recession as business climate worsens

Economy

Munich-based Ifo Institute for Economic Research reports that the German economy is stuck in recession as the business climate index declined for the second month in a row.

The West sees the BRICS as a new threat

Economy

The West is concerned that the BRICS has surpassed the G7 in its contribution to world GDP and controls a significant portion of the world's oil reserves and food production.