Economic news of Uzbekistan No187
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2020.08.20 18:03
Economic news of Uzbekistan
Ⅰ.Economic trend ··················································································································································································· 1
o Excise tax on the import of passenger cars will be abolished ·······················································································1
o Introduction of car recycling fees from 1st August ··············································································································1
o attracting $ 2.5 billion of foreign investment from January to April ············································································ 1
o World Bank downgrades Uzbekistan's GDP growth forecast to 1.5% from 1.6% ···················································· 1
o The Central Bank of Uzbekistan kept the base rate at 15 percent per annum ························································ 1
o Uzbekistan to suspend cotton exports from 2020························································································································· 2
o 72.3 trillion UZS, in retail sales from January to May. ·············································································································· 2
o Foreign trade turnover from January to May is $ 129.8 billion. ·························································································· 2
o The Uzbek Automobile Corporation has been producing Volkswagen passenger cars since 2022························· 2
II. Energy and Infrastructure Trends····························································································································································3
o Lukoil cut gas production in Uzbekistan due to low demand in China ·················································································3
o UAE Masdar to Build a 500 MW Wind Farm in Navoi Oblast ······································································································3
o The Takhiatash Thermal Power Plant is increasing its power generation capacity ·····························································3
o In January-May 2020, the volume of construction completed in Uzbekistan amounted to 31 582.6 billion sums ················ 3
o The volume of gold exports from Uzbekistan in January-May 2020 amounted to $ 1.6 billion. ·············· 3
※ Source: Embassy of the Republic of Korea in the Republic of Uzbekistan
※ Please note that this content is based on Uzbek institutions and local media.
※ Provided : Secretariat of the Korea Uzbekistan Business Association
Ⅰ.Economic trend ··················································································································································································· 1
o Excise tax on the import of passenger cars will be abolished ·······················································································1
o Introduction of car recycling fees from 1st August ··············································································································1
o attracting $ 2.5 billion of foreign investment from January to April ············································································ 1
o World Bank downgrades Uzbekistan's GDP growth forecast to 1.5% from 1.6% ···················································· 1
o The Central Bank of Uzbekistan kept the base rate at 15 percent per annum ························································ 1
o Uzbekistan to suspend cotton exports from 2020························································································································· 2
o 72.3 trillion UZS, in retail sales from January to May. ·············································································································· 2
o Foreign trade turnover from January to May is $ 129.8 billion. ·························································································· 2
o The Uzbek Automobile Corporation has been producing Volkswagen passenger cars since 2022························· 2
II. Energy and Infrastructure Trends····························································································································································3
o Lukoil cut gas production in Uzbekistan due to low demand in China ·················································································3
o UAE Masdar to Build a 500 MW Wind Farm in Navoi Oblast ······································································································3
o The Takhiatash Thermal Power Plant is increasing its power generation capacity ·····························································3
o In January-May 2020, the volume of construction completed in Uzbekistan amounted to 31 582.6 billion sums ················ 3
o The volume of gold exports from Uzbekistan in January-May 2020 amounted to $ 1.6 billion. ·············· 3
※ Source: Embassy of the Republic of Korea in the Republic of Uzbekistan
※ Please note that this content is based on Uzbek institutions and local media.
※ Provided : Secretariat of the Korea Uzbekistan Business Association
