1 August 2018
DAVR Bank to receive US$ 5 million credit line for on-lending to small businesses
US$ 5 million loan to DAVR Bank to support small businesses in Uzbekistan
Sub-loans will be available in local currency and will offer longer maturities
31 July 2018
A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments.
The authorities have consented to the publication of this statement.
28 July 2018
In the World Bank's (WB) Logistics Performance Index (LPI), Uzbekistan ranked 99 out of 160 countries, which is 19 positions higher than in 2016 (118th place), the WB's Building Connections to Enhance Competitiveness report said.
According to the LPI for 2018, Uzbekistan ranks 140th in terms of efficiency of customs procedures, 77th in infrastructure development and 120th in international shipments.
The country is ranked 88th in quality of logistics and competence and 90th in tracking of goods, as well as 91st in timeliness.
28 July 2018
The Asian Development Bank (ADB) will provide Uzbekistan with a $300-million loan to help improve economic governance in the republic, the ADB stated.
The agreement, signed with the government of Uzbekistan, will contribute to ensuring macroeconomic stability and high level of economic growth in the country.
The Economic Management Improvement Program was approved by ADB's Board of Directors on June 26, 2018 and aims to support the government's efforts to ensure financial sustainability, as well as to improve the administration of state-owned enterprises that dominate almost all key sectors of Uzbekistan's economy and ensure their more financially efficient operations.
28 July 2018
In June 2018, Uzbekistan Airways once again became the most punctual air carrier, ranking first among foreign airlines that fly to/from Moscow's Domodedovo airport, the Uzbek company stated.
Uzbekistan Airways is currently operating 36 scheduled flights a week from the cities of Uzbekistan to the Domodedovo airport, including 16 flights a week from Tashkent. In the autumn-winter period, the national air carrier plans to increase the frequency of flights from the capital to Moscow to 21 flights a week.
21 July 2018
The World Bank and the Ministry of public education of Uzbekistan will carry out the first pilot project worth $30 million, "Podrobno.uz" reported.
"The aim of this project will be to improve the management of public finances, as well as to implement reforms and restructuring in the system of public education.
21 July 2018
Recent interest in exploration projects in Uzbekistan from Korea National Oil Corporation and Azerbaijan’s state oil company SOCAR (with BP) attests to greater optimism about the country's exploration potential, Ashley Sherman, principal analyst, Caspian & Europe Upstream oil and gas, at Wood Mackenzie, told Trend.
Uzbekistan's economic reforms – most notably currency liberalization and convertibility – are having a positive impact on the oil and gas sector of the country, according to Sherman.
He noted that the business climate and regional relations are improving and foreign investors are re-evaluating the Uzbek opportunity set for both strategic and commercial reasons.
21 July 2018
Uzbekistan has granted foreign carriers the right to use the Kamchik pass for transportation of goods, Podrobno.uz reported.
This is provided for by the changes and additions to the list of routes intended for the transit movement of foreign road carriers through the territory of the country.
13 July 2018
The experience of the National Bank of Kazakhstan in forecasting and leveling of risks will be applied in Uzbekistan, the Kazakh media quoted First Deputy Chairman of the Central Bank of Uzbekistan Timur Ishmetov as saying July 11.
"The transformation of the activities of the National Bank of Kazakhstan has occurred over the past period, where the National Bank of Kazakhstan has perfected its activities at each stage, proceeding from certain crisis phenomena and studying them, and today it has a huge experience as to how certain measures give the best result at a certain moment," Ishmetov said.
Taking into account the fact that Kazakhstan has implemented several stages of recovery of the banking system, it was just the National Bank of Kazakhstan that provided for neutralizing all possible negative consequences after certain crises, the deputy chairman of the Central Bank reminded.
13 July 2018
[Note: This information was kindly provided by the Uzbek Embassy in Washington DC]
The Republic of Uzbekistan introduced E-visa system for 51 countries and a 5-day transit visa-free procedure for 101 countries.
13 July 2018
The Republican Center for Training in the Basics of Entrepreneurship and the Uzbek-Chinese Trade Association have signed a Memorandum of cooperation, "Podrobno.uz" reported.
The document is designed for five years and provides for the implementation of a number of interesting projects.
11 July 2018
It tops Vietnam, Japan, Thailand and Nepal, enchanting travellers by its "fascinating mosaic mosques". Since the end of 2017, Uzbek authorities want to develop tourism with new visa schemes, new air routes, and expanded rail network.
Uzbekistan is the second top spot to visit in Asia after South Korea, this according to Lonely Planet, the famous tourist guide.
» 26 June 2018: AUCC and Uzbekistan: Uzbek Ambassador Javlon Vakhabov's first visit to South Carolina
» 6 June 2018: Uzbek Law on Public Procurement
» 5 June 2018: AUCC Welcomes US INC as Newest Member
» 4 June 2018: AUCC Welcomes APCO Worldwide as Newest Member
» 4 June 2018: AUCC welcomes ExxonMobil as Newest Member
» 31 May 2018: Uzbekistan to receive Japanese machinery worth $7.3 mln for free
» 29 May 2018: Uzbekistan to adopt new measures to join WTO
» 29 May 2018: AUCC Statement on the 2018 U.S.-Uzbekistan Signing Ceremony
» 24 May 2018: Uzbekistan Airways’ latest Boeing 787 starts service with Moscow flight
» 24 May 2018: Uzbekistan seeks EU tariff preferences
» 24 May 2018: Uzbekistan ups car production, to introduce new models
» 22 May 2018: Uzbekistan set to develop Islamic banking system
» 21 May 2018: ADB $145 Million Loan to Help Improve Water Supply Services in Uzbekistan
» 17 May 2018: IFC Helps Uzbekistan Develop Renewable Energy Through Public-Private Partnership
» 16 May 2018: How Can the Caucasus and Central Asia Region Benefit from Greater Integration?
» 16 May 2018: Remarks by President Trump and President Mirziyoyev of Uzbekistan Before Bilateral Meeting
» 15 May 2018: Statement by the IMF Deputy Managing Director Tao Zhang at the Conclusion of a Visit to Uzbekistan
» 11 May 2018: Republic of Uzbekistan : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Uzbekistan
» 11 May 2018: 2018 Marks AUCC 25th Anniversary: US-Uzbekistan Annual Business Forum in Samarkand
» 10 May 2018: White House: Statement from the Press Secretary on the Visit of President Mirziyoyev of Uzbekistan
» 9 May 2018: IMF Executive Board Concludes 2018 Article IV Consultation with the Republic of Uzbekistan
» 8 May 2018: Uzbekistan takes reform story to bond investors
» 3 May 2018: Uzbekistan Implements the IMF’s Enhanced General Data Dissemination System
» 19 April 2018: Invitation - Conversation with the Government of Uzbekistan: Identifying New Business Opportunities
» 17 April 2018: Invitation to Videoconference: What OPIC can do to help Uzbekistan boost its cooperation with American companies
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» 9 April 2018: Invitation to International Business Forum in Navoi
» 6 April 2018: Uzbekistan cancels duties on import of vehicles for agricultural products’ transportation
» 6 April 2018: Uzbekistan reforms foreign affairs system
» 6 April 2018: AUCC Videoconference: E-Commerce Options for Entrepreneurs in Uzbekistan by WCC International, Inc.
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» 30 March 2018: Invitation: Medical Buyers Mission to Minnesota - June 18-22, 2018
» 29 March 2018: Invitation to GETCA
» 29 March 2018: Invitation to Agrotech Expo
» 16 March 2018: EBRD Board Directors to visit Uzbekistan
» 14 March 2018: Uzbek Minister: Uzbekistan's accession to WTO may take years
» 14 March 2018: Uzbekistan: IMF Staff Concluding Statement of the 2018 Article IV Mission
» 9 March 2018: Uzbekistan drops objections to giant Tajik hydro project
» 9 March 2018: Uzbek leader on his first state visit to Dushanbe
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» 2 March 2018: Latest News: WHITE64 on Significance of Social Marketing in Tourism Sector
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5 July 2018
The system of registration and issuance of electronic visas in Uzbekistan E-VISA.UZ will be introduced and the requirement for the mandatory application of foreign citizens to diplomatic missions and consular offices of Uzbekistan abroad will be abolished beginning from July 15.
This is provided for by the resolution of President Shavkat Mirziyoyev dated July 4 "About further measures for optimization of the procedure of entry of foreign citizens into the Republic of Uzbekistan", a source in the government told "Gazeta.