ADB upgrades forecast for developing Asia as broad recovery continues

Tashkent, Uzbekistan (UzDaily.com) -- The Asian Development Bank (ADB) has upgraded its economic forecast for developing Asia after first-quarter data showed broad-based growth driven by buoyant exports, strong private demand, and sustained stimulus policy effects. In a special assessment of the region released today, ADB said it now expects developing Asia to grow by an aggregate 7. |read|

Freight and passenger transportation volume via Navoi airport increases by 22%

Tashkent, Uzbekistan (UzDaily.com) -- The volume of cargo and passenger transportation through Navoi International Airport increased by 22% in the first half of 2010. The Cabinet of Ministers of Uzbekistan announced this on 16 July at its session dedicated to social-economic development of the country in January-June 2010. |read|

Total capital of commercial banks in Uzbekistan reaches 3.4trln soums

Tashkent, Uzbekistan (UzDaily.com) -- Central Bank of Uzbekistan hosted an expanded meeting of the Board, which was dedicated to summing up the results of the banking system in the first half of 2010. Chairperson of the Central Bank Fayzulla Mullajonov chaired the meeting, the Central Bank’s press service said. |read|

Uzbekistan’s economy grows by 8% in January-June 2010

Tashkent, Uzbekistan (UzDaily.com) -- Gross domestic product (GDP) of Uzbekistan grew by 8% year-on-year in the first half of 2010, the Cabinet of Ministers said on 16 July at its session dedicated to social-economic development of the country in January-June 2010. According to the government, the production of consumer goods rose by 11. |read|

An update on Uzbek assistance to refugees from Krygyzstan and an urgent appeal for help for refugees from AUCC Chairman Harry F. Eustace, Sr.

Dear AUCC Members and Friends, The Economist magazine called the recent ethnic violence in Kyrgyzstan: "...one of the greatest humanitarian crises to hit the former Soviet Union since its break-up. |read|