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NEWS

Statement on COVID-19 by Extraordinary G20 Leaders' Summit

g20.org/en/Pages/home.aspx
27 March 2020
The unprecedented COVID-19 pandemic is a powerful reminder of our interconnectedness and vulnerabilities. The virus respects no borders. Combatting this pandemic calls for a transparent, robust, coordinated, large-scale and science-based global response in the spirit of solidarity. |read|

Uzbekistan building hospitals for coronavirus patients

en.trend.az/
26 March 2020
Uzbekistan is building hospitals to quarantine and treat those infected with coronavirus in Andijan, Navoi and Surkhandarya regions, Trend reports citing the Uzbek Health Ministry. In total, about 10 hospitals will be built in the country for this purpose, the message said. Earlier it was reported that three modern specialized medical facilities for quarantine will be put into operation in Tashkent. |read|

IMF will promptly consider providing budgetary support to Kyrgyzstan, says rep

en.kabar.kg/
26 March 2020
Jeenbekov and Poghosyan exchanged views on the risks and consequences of coronavirus infection on the Kyrgyz economy and issues of attracting financial assistance to prevent them, the President's press service said Thursday. During the meeting, the Kyrgyz leader noted that the current situation related to spread of coronavirus infection and volatility in global financial markets has a negative impact on macroeconomic stability in the country and requires urgent measures to mitigate negative economic impacts. In this regard, Jeenbekov suggested that IMF consider the possibility of allocating budgetary support to Kyrgyzstan to mitigate the negative consequences of the spread of COVID-19 infection and take measures to prevent its further spread in Kyrgyzstan. |read|

Benefits for foreign enterprises

uza.uz/en/
26 March 2020
In Uzbekistan, foreign direct investment is widely attracted for further improving the investment environment, privatizing and modernizing production, re-equipping and reconstruction, implementation of programs to create new jobs in the regions where there is a workforce. Tax incentives are provided in order to actively attract foreign investment. By the Decree of the President of the Republic of Uzbekistan “On the concept of improving the tax policy of the Republic of Uzbekistan” of June 29, 2018, it is planned to maintain a favorable regime for foreign investors and investments, to support them comprehensively and provide reliable legal protection. |read|

Uzbekistan's Central Bank softens terms of credit repayments

en.trend.az/
26 March 2020
The Central Bank of Uzbekistan is taking measures to reduce credit risk of borrowers, Trend reports referring to the bank. The commercial banks have been recommended to soften the terms of loan repayment until October 1 to companies that are most vulnerable to the negative effects of coronavirus infection in the country. The Central Bank has announced "credit holidays" to repay loan payments based on applications from individual borrowers and entrepreneurs. |read|

Kyrgyzstan to ask China to send doctors to treat coronavirus patients

akipress.com/
26 March 2020
The Kyrgyz Ministry of Health has previously held a teleconference with doctors from China on treating patients with coronavirus. On March 26, the Health Ministry prepared a letter to China asking it to send Chinese doctors to Kyrgyzstan, Health Ministry spokesperson Ainura Akmatova said. Negotiations with China are under way through the Kyrgyz diplomats, she said. |read|

China hands over humanitairan aid to Kyrgyzstan to contain Covid-19

akipress.com/
26 March 2020
China handed over humanitarian aid to Kyrgyzstan to contain coronavirus in form of face masks and individual protective items, Health Ministry's representative Ainura Akmatova told a briefing today in Bishkek. The handover ceremony was held on the Torugart border crossing point on the Kyrgyz-Chinese border, she said. Ainura Akmatova reminded Russia handed over RT-PCR test kits earlier. |read|

Kazakhstan orders residents of major cities to stay home after first death from coronavirus

www.reuters.com/
26 March 2020
Kazakhstan will bar residents of its two biggest cities, Almaty and Nur-Sultan, from leaving their homes except for work or to buy food or medicines, the government said on Thursday as it reported the first death from coronavirus. Information Minister Dauren Abayev said in a brief statement on state television that the deceased was a female Kazakh citizen, providing no further information such as her age. The authorities will scale down public transport in Nur-Sultan, the capital, and Almaty, the biggest city and commercial hub, bar meetings of more than three people in public areas and prohibit movement of unaccompanied minors, the government said. |read|

Kyrgyz citizens in America start raising funds for protective suits of doctors

en.kabar.kg/
25 March 2020
On the American commercial crowdfunding platform GoFundMe, which allows people to raise money for various events, Kyrgyzstanis living in America began raising funds to launch the tailoring of protective suits for doctors. At the moment, USD 3,860 have already been collected from the planned USD 50. Zarema Xie, the fundraising initiator said in her post: |read|

Kyrgyz citizens in America start raising funds for protective suits of doctors

en.kabar.kg/
25 March 2020
On the American commercial crowdfunding platform GoFundMe, which allows people to raise money for various events, Kyrgyzstanis living in America began raising funds to launch the tailoring of protective suits for doctors. At the moment, USD 3,860 have already been collected from the planned USD 50. Zarema Xie, the fundraising initiator said in her post: |read|

Uzbek business switches to "force majeure" policy

uzreport.news/
25 March 2020
The government of Uzbekistan has instituted a force majeure policy for businesses in case of failure to fulfill contracts as a result of the Coronavirus spread. The government of Uzbekistan has instituted a force majeure policy for businesses in case of failure to fulfill contracts as a result of the Coronavirus spread. In order to mitigate the negative impact of the coronavirus pandemic and global crisis, on the national economy, the Ministry of Investments and Foreign Trade has been instructed to issue force majeure certificates to business entities upon request. |read|

ADB to reallocate funds to help Kazakhstan battle coronavirus

en.trend.az/
25 March 2020
Asian Development Bank (ADB) is committed to supporting Kazakhstan in its fight against COVID-19 and to helping limit the impact of the pandemic on its citizens, ADB President Masatsugu Asakawa said, Trend reports with reference to ADB. Asakawa made the statement during a meeting with Kazakhstan’s Minister of National Economy Ruslan Dalenov on Mar. 25 during which parties discussed how ADB can support Kazakhstan in its fight against the COVID-19 pandemic. |read|

Kazakhstan bans export of key food products amid coronavirus outbreak

www.timesca.com/
25 March 2020
The government of Kazakhstan has suspended the export of socially significant food products since March 22 to guarantee the domestic supply, Kazakh Minister of Trade and Integration Bakhyt Sultanov announced on March 24, Xinhua news agency reported. The banned products include buckwheat, wheat and rye flour, sugar, potatoes, carrots, turnips, beets, onions, cabbages, sunflower seeds and oil. According to the Kazakh Agriculture Ministry, the ban is valid at least until April 15, 2020. |read|

IFC Increases COVID-19 Support to $8 Billion to Sustain Private Sector Companies and Livelihoods in Developing Countries

ifcextapps.ifc.org
24 March 2020
IFC Increases COVID-19 Support to $8 Billion to Sustain Private Sector Companies and Livelihoods in Developing Countries IFC: Pierre Mejlak Phone: (202) 458-2278 |read|

Russia donates additional 10 thsd test systems to Kyrgyzstan

en.kabar.kg/
23 March 2020
Russia has handed over Kyrgyzstan additional test systems to diagnose 10 thousand people, the press service of the Kyrgyz Foreign Ministry said on Monday. According to the press service of the Kyrgyz Embassy in Russia, as a result of the work carried out to counter the spread of new coronavirus infection, and as part of the strategic partnership between the two countries, as a humanitarian aid the Russian side provided Kyrgyzstan with several batches of test systems to diagnose the presence of coronavirus in the population. On March 3-15, the Russian side donated 7,600 test systems. |read|

Xi Jinping: Uzbekistan and China closely support each other in the fight against coronavirus

kun.uz/en
23 March 2020
President of the People's Republic of China Xi Jinping sent a congratulatory message to the President of Uzbekistan Shavkat Mirziyoyev on the occasion of Navruz holiday. "Allow me, on behalf of the government and people of China, as well as on my own behalf, to sincerely congratulate you and the people of Uzbekistan on the occasion of the Uzbek traditional holiday Navruz. In recent years, the Chinese-Uzbek relations of comprehensive strategic partnership have maintained a favorable development trend," the PRC head wrote in his message. |read|

Kazakhstan allocates funds to take anticrisis measures amid coronavirus spread

en.trend.az/
23 March 2020
Kazakhstan will allocate $10 billion to take anticrisis measures in the country, Kazakhstan’s President Kassym Jomart Tokayev said, Trend reports with reference to the president’s press office. Tokayev made the statement during a meeting of a State Commission on Emergency State, held in Nur-Sultan on March 23, 2020. Tokayev said that in addition to operative measures, systemic approached should be taken in the country considering the time when current situation stabilizes. |read|

Anti-Crisis Fund to allocate funds to repay loans to strategic enterprises

www.uzdaily.com/en
22 March 2020
In line with the presidential decree from 19 March 2020. No. UP-5969, it is determined that the funds from the specially created Anti-Crisis Fund under the Ministry of Finance in the amount of 10 trillion soums [of the order of US$1. |read|

Donald Trump: US will remain a strong and steadfast friend of Uzbekistan

kun.uz/en
22 March 2020
US President Donald Trump sent a congratulatory message to President of Uzbekistan Shavkat Mirziyoyev in honor of the Navruz holiday. "I write to wish you and the people of Uzbekistan a warm and joyous Navruz. This year the holiday has even greater significance, as our countries successfully work together to bring peace and stability to Afghanistan. |read|

C5 + 1 format is new chance for countries of Central Asia

en.kabar.kg/
22 March 2020
Chairman of the Board of the Kyrgyz Council on Foreign Relations and Security (Kyrgyz Kenesh) Edil Osmonbetov in an interview to Kabar News Agency told what the C5 + 1 format is, what it brings for Central Asian countries and what its prospects are. Meeting with US Assistant Secretary of State for Central Asia Jonathan Henick. The political scientist said that the C5 + 1 format is a diplomatic format, and its distinctive feature is that this is the new focus of the US strategy for Central Asia, which was announced in Tashkent in February 2020 by US Secretary of State Michael Pompeo. |read|

USAID mobilizes 66 million soms to combat COVID-19 in Kyrgyzstan

www.timesca.com/
21 March 2020
The U.S. government, through the United States Agency for International Development (USAID), is granting more than 66 million soms ($913,000) to three specialized organizations to increase Kyrgyzstan's ability to respond to the ongoing COVID-19 pandemic. |read|

Chinese experts invited to advice on anti-coronavirus measures

tashkenttimes.uz/
20 March 2020
The briefing on anti-coronavirus measures is being held with the participation of the chief of the State Sanitary and Epidemiological Surveillance Authority/Chief State Sanitary Inspector Nurmat Otabekov. According to him, Chinese experts will come to Uzbekistan. |read|

Central Asia countries take additional measures against COVID-19

www.timesca.com/
20 March 2020
The five Central Asian nations of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan are taking additional measures to slow, or prevent, the spread of the novel coronavirus outbreak in their territories, RFE/RL reports. Uzbekistan's Transport Ministry said on its Telegram channel that international terrestrial and air passenger traffic has been suspended for 40 days as of March 20. The regulation does not affect cargo transportation. |read|

First patients with coronavirus recovering in Uzbekistan

akipress.com/
20 March 2020
First patients who tested positive for COVID-19 in Uzbekistan are recovering, Chief Sanitary Inspector Bahrom Almatov said. "The health condition of all patients with coronavirus is moderately stable. The first patients infected with the virus are recovering already, feel better," he said. |read|

Anti-crisis fund established in Uzbekistan

www.uzdaily.com/en
20 March 2020
Decree of the President “On priority measures to mitigate the negative impact on the economy of the coronavirus pandemic and global crisis phenomena” was adopted. In accordance with the Decree, the Anti-Crisis Fund in the amount of 10 trillion soums was created under the Ministry of Finance. According to the Decree, from 1 April to 1 October 2020: |read|

Uzbekistan to borrow $1 billion from international financial institutions to support the state budget

kun.uz/en
20 March 2020
President of Uzbekistan Shavkat Mirziyoyev signed a decree on priority measures to mitigate the negative impact of the coronavirus pandemic and the global crisis on the national economy. In accordance with the document, the Cabinet of Ministers has been instructed to take measures to attract up to $1 billion preferential loans in 2020 from international financial institutions and other sources to ensure financing of the state budget and the Anti-Crisis Fund, as well as additional funds to finance measures to support enterprises in the real sector of the economy, exporters and commercial banks. Within a two-week period, it is necessary to approve a set of measures to find reserves by improving tax and customs administration, ensuring the completeness of payment of accrued taxes, reducing the shadow economy and introducing new effective forms of tax and customs administration. |read|

Uzbekistan launched website about coronavirus

www.uzdaily.com/en
20 March 2020
The Ministry of Health of Uzbekistan created an official website http://coronavirus.uz, where users can get all the necessary information about coronavirus infection. In particular, it refers to the epidemic situation in Uzbekistan, daily operational data, and the latest news from reliable sources. |read|

Uzbekistan to allocate 700 billion soums for mitigating negative impact of coronavirus on the employment of population

kun.uz/en
20 March 2020
Uzbekistan will allocate 200 billion soums to fight unemployment in the wake of coronavirus. This was announced at a meeting on mitigating the negative impact of the coronavirus pandemic on the standard of living of the population and the economy. Special attention is paid to the social protection of the people. |read|

NBU to freeze Uzbekistan Airways’ loan in the amount of $111 million

kun.uz/en
20 March 2020
The National Bank for Foreign Economic Affairs of Uzbekistan (NBU) will freeze the loan of Uzbekistan Airways, follows from the presidential decree. This measure is aimed at mitigating the negative impact of the coronavirus pandemic and the global crisis on the national economy. In accordance with the decree, NBU was instructed to revise the loan repayment schedules of Uzbekistan Airways JSC in the amount of $111 million within a month, with the suspension of debt payments for 2020. |read|

Tax audit of business entities to be suspended until January 1, 2021

kun.uz/en
20 March 2020
President Shavkat Mirziyoyev signed a decree “On priority measures to mitigate the negative impact of the coronavirus pandemic and global crisis on the national economy”. In accordance with the documebt, tax audits of business entities will be suspended until January 1, 2021, with the exception of tax audits within criminal cases and in connection with the liquidation of a legal entity. The Cabinet of Ministers, together with the Representative for Protecting the Rights and Legitimate Interests of Business Entities, shall take control over the strict observance by the state authorities of the rights and legitimate interests of businesses. |read|

Courts temporarily suspend receptions and court hearings

uza.uz/en/
20 March 2020
At the meeting of the Presidium of the Supreme Court of the Republic of Uzbekistan, a decision has been taken to prevent the spread of coronavirus infection COVID-19 in the courts of the Republic of Uzbekistan. According to the decision of the Presidium, the courts will consider only urgent cases. If technically possible, the courts will organize meetings via videoconferencing. |read|

Uzbekistan allocates funds, suspends international passenger traffic amid COVID-19 threat

en.trend.az/
20 March 2020
The Uzbek government announced Friday several measures to contain the spread of COVID-19, including providing more than 1 billion U.S. dollars to mitigate the negative impact of the epidemic and suspending international passenger traffic, Trend reports citing Xinhua. |read|

Package of Economic Measures. Main initiatives

www.uzdaily.com/en
19 March 2020
Uzbekistan will strengthen active support for the economy and social sector amid the negative effects of the global spread of coronavirus. The relevant steps are defined in the Decree of the President of the Republic of Uzbekistan “On priority measures to mitigate the negative impact on the economy of the coronavirus pandemic and global crisis”. Key initiatives: |read|

Ministry of Investments and Foreign Trade establishes Republican Headquarters for supporting exporters and entrepreneurs

uza.uz/en/
19 March 2020
In connection with coronavirus pandemic, the Ministry of Investments and Foreign Trade has established a Republican Headquarters to support exporters and entrepreneurs for solving emerging problems. Responsible employees of relevant ministries, agencies and organizations that are part of the headquarters provide prompt solutions to entrepreneurs' issues related to ensuring a stable regime of foreign trade and investment activities. |read|

Uzbekistan to take measures to provide tax-payment deadline deferrals in a number of areas

kun.uz/en
19 March 2020
President of Uzbekistan Shavkat Mirziyoyev instructed the special working group to take measures to provide tax-payment deadline deferrals in such areas as tourism, transport, pharmaceuticals and light industry, to postpone loan payment deadlines, and not to impose penalties on deferring external debt payments. The President noted this on his address to the people on the issue of coronavirus. “The government should develop and implement a special program to support large-scale enterprises and industries in these difficult times. |read|

Exporting enterprise: problems with textile exports?

www.uzdaily.com/en
19 March 2020
In the face of declining business activity in foreign markets and the emergence of temporary restrictions in connection with the spread of coronavirus, the Association “Uztekstilprom” together with the Republican Commission for the Support of Export Activities organized the work of the operational headquarters. The headquarters interacts with the authorized foreign economic, transport, banking, financial and customs authorities of the Republic of Uzbekistan in the following priority areas of operational assistance: - logistics, border crossing and cargo transfer, customs clearance; |read|

All scheduled public events to be suspended

tashkenttimes.uz/
18 March 2020
Travel companies, public organizations and large industrial enterprises are recommended to suspend promoting domestic tourism until the situation with the spread of coronavirus in Uzbekistan is stabilized. This decision was made on March 17 by a special commission of the Cabinet of Ministers, the Tourism Committee said. All scheduled public events, international events and sports competitions, theater, concert and film events will be suspended. |read|

Central Bank of Uzbekistan recommends contactless payment systems to contian coronavirus

akipress.com/
18 March 2020
The Central Bank of Uzbekistan offered recommendations for users of banking services for the period of the coronavirus crisis. The Central Bank recommended to minimize visits to banks for making current payments and to use remote payment methods instead, such as Internet banking, mobile applications of banks and payment systems. According to the World Health Organization, use of cash as a form of payment may be one of the channels of spread of the virus. |read|

ADB Announces $6.5 Billion Initial Response to COVID-19 Pandemic

www.adb.org
18 March 2020
ADB Announces .5 Billion Initial Response to COVID-19 Pandemic ADB News Release March 18, 2020 MANILA, PHILIPPINES (18 March 2020) - The Asian Development Bank (ADB) today announced a . |read|

The Central Bank recommends measures to mitigate possible credit risks associated with the consequences of the spread of coronavirus infection

www.uzdaily.com/en
17 March 2020
In order to mitigate possible negative consequences for businesses related to the repayment of loans in the context of the spread of coronavirus infection, the Central Bank recommended to all commercial banks: - thoroughly examine the possibility of repaying loans by enterprises that have a decrease in cash flow and delay in the implementation of projects due to the spread of coronavirus infection, including enterprises in the tourism and international cargo transportation sectors, business entities with major counterparties in countries with the highest prevalence of coronavirus, and also enterprises whose activities may be negatively affected by the measures taken in Uzbekistan to prevent coronavirus; - based on the results of a study of real cash flows and customer capabilities, as well as the expected timing of the projects, it is recommended to revise the issues of amending the terms of the loan agreement to provide a grace period for the repayment of the principal debt on the loan until 1 October 2020 and to extend the deadlines for payments, based on from the grace period granted. |read|

World Bank Group Increases COVID-19 Response to $14 Billion To Help Sustain Economies, Protect Jobs

www.worldbank.org
17 March 2020
World Bank Group Increases COVID-19 Response to Billion To Help Sustain Economies, Protect Jobs Focus on private sector and workers spearheaded by IFC to mitigate financial and economic impact of crisis WASHINGTON, March 17, 2020 - The World Bank and IFC's Boards of Directors approved today an increased billion package of fast-track financing to assist companies and countries in their efforts to prevent, detect and respond to the rapid spread of COVID-19. |read|

Coronavirus infection control measures will not affect the movement of foreign trade goods

www.uzdaily.com/en
16 March 2020
Measures to combat the coronavirus infection will not affect the movement of foreign trade goods, the Customs Committee of the Republic of Uzbekistan reports. As you know, on 15 March, the Uzbek government decided to temporarily suspend the movement of citizens and passenger vehicles at state border crossing points from 16 March 2020. In this regard, the committee states that "these restrictions do not apply to persons and vehicles involved in the carriage of goods by road, rail, sea, river, air, and the movement of foreign trade goods. |read|

Uzbekistan to disinfect public transport every 4 hours

akipress.com/
16 March 2020
The public transport will be disinfected more often in Uzbekistan as part of the efforts to contain coronavirus, local media reported. Public buses will be disinfected every 4 hours. Earlier, the public transport was disinfected twice a day. |read|

Uzbekistan temporarily closes air and road communication with other countries

www.uzdaily.com/en
15 March 2020
From 16 March, Uzbekistan will temporarily close air and road connections with other countries, Dunyo reported. This was announced at a briefing by the Prime Minister. In particular, flights with South Korea will be suspended, and charter flights will be carried out once a week for the return of Uzbek citizens. |read|

Uzbekistan and Tajikistan to build two hydroelectric power stations

uzreport.news/
14 March 2020
Uzbek Ministry of Energy revealed the cost of two hydropower plants to be built in Tajikistan. Uzbekistan and Tajikistan continue to discuss the draft Intergovernmental Agreement on the procedure and conditions for shared participation in the construction and operation of hydropower plants in the Zarafshan River basin, the Ministry of Energy said. "Two hydropower plants in the Zarafshan river basin will produce up to 1,400 million kilowatt-hours of ecological clean electricity exclusively for the needs of Uzbekistan," the statement said. |read|

Over 500,000 Uzbek Citizens to Benefit from Better Water Supply and Sanitation Services, with Support from the World Bank and Switzerland

www.uzdaily.com/en
13 March 2020
The World Bank’s Board of Executive Directors approved a US$239 million credit from the International Development Association for financing of the Water Services and Institutional Support Project in Uzbekistan. Uzbekistan’s water services and sanitation (WSS) infrastructure, constructed mostly during the Soviet period, requires extensive rehabilitation and renewal. Asset replacement, maintenance, and system expansion have not kept pace with the needs of a growing population, resulting in stagnation and decline in the quality of WSS services in many areas. |read|

Interest of foreign investors in renewable energy projects in Uzbekistan is growing

www.uzdaily.com/en
13 March 2020
Uzbekistan sets a goal to increase the share of renewable energy sources (renewable energy sources) in the total volume of electric energy production to 25% by 2030, today this figure is 10%. To achieve such results, the Ministry of Energy is taking active measures to implement large-scale projects in renewable energy. For 10 years, it is planned to build solar power plants with a total capacity of 5,000 MW and wind power plants with a total capacity of 3,000 MW. |read|

EBRD has unveiled an emergency €1 billion "Solidarity Package" of measures to help companies across its regions deal with the impact of the coronavirus

www.ebrd.com/home
13 March 2020
EBRD unveils €1 billion emergency coronavirus financing package By Anthony Williams (mailto:williama@ebrd.com) @ebrdtony (https://www.twitter. |read|

ADB to provide US$200 million to support strained supply chains in fight against COVID-19

www.uzdaily.com/en
12 March 2020
The Asian Development Bank (ADB) will make available US$200 million through its Supply Chain Finance Program for companies manufacturing and distributing medicines and other items needed to combat the novel coronavirus (COVID-19). Companies manufacturing and distributing products, including medicines and personal protective equipment, are increasingly strained as production and distribution ramp up to address COVID-19. The support from ADB, working in partnership with commercial banks, will provide such companies in Asia and the Pacific with additional working capital to meet expansion and other requirements. |read|

European Union finances Uzbekistan's agricultural sector

en.trend.az/
12 March 2020
The Government of Uzbekistan and the European Union signed a 40-million euro financing agreement, which aims to provide budgetary support and additional assistance to the agricultural sector of Uzbekistan, Trend reports citing the EU website. The proposed actions include support to the government of Uzbekistan to assist in the implementation of the new state strategy for development of the agro-food sector in 2020-2030, aimed at strengthening public services to assist farmers and agribusinesses. The Government of Uzbekistan is committed to implementing a wide range of reforms in the agricultural sector, the report said. |read|

Sardor Umurzakov appointed as Vice Prime Minister of Uzbekistan

akipress.com/
12 March 2020
Sardor Umurzakov has been appointed Vice Prime Minister for Investments and Foreign Economic Ties - Minister of Investments and Foreign Trade by the presidential order of March 10. In addition to attraction of investments, promotion of export, foreign trade, coordination of foreign economic activities, Umurzakov will be also responsible for coordination of work of the Foreign Ministry and Ministry of Transport of Uzbekistan. Umurzakov, 43, holds Bachelor's degree in economy from the Tashkent State Economic University, Master's degree from the University of Reading (UK). |read|

USAID and the Government of Uzbekistan Partner to Eliminate Tuberculosis

uz.usembassy.gov/
11 March 2020
Today, the U.S. Agency for International Development (USAID), in cooperation with the Ministry of Health of the Republic of Uzbekistan, officially launched its new five-year tuberculosis (TB) program that will provide targeted investments to further reduce the burden of tuberculosis on Uzbekistanis. |read|

First ever digital bank to appear in Uzbekistan

akipress.com/
10 March 2020
The Banking Oversight Committee of the Central Bank of Uzbekistan on March 9 made the decision to issue a preliminary permit for establishment of a digital bank Anor Bank in Tashkent. The preliminary permission for starting a digital bank is given for a period of 6 months. Founders should form the charter capital to obtain a license for banking activities, adopt organizational and technical measures. |read|

Construction of international trade center to start at Kazakhstan, Uzbekistan border

en.trend.az/
10 March 2020
Construction of a Central Asia International Center of Trade and Economic Cooperation will soon commence on the border of Kazakhstan and Uzbekistan, Kazakhstan's Minister of Trade and Integration Bakhyt Sultanov said, Trend reports with reference to the minister's social networks. Sultanov reminded that the corresponding agreement was signed nearly two years ago. "The center is an important element of trade cooperation in Central Asian region. |read|

Kyrgyzstan sharply increased its exports to Uzbekistan in 2 years

akipress.com/
9 March 2020
Kyrgyzstan sharply increased its exports to Uzbekistan over the past two years, according to the data from the State Statistics Committee of Uzbekistan. In 2017 Kyrgyzstan imported goods to Uzbekistan for $72.6 million. |read|

Trading house for the sale of Uzbek textile products opened in New York

en.trend.az/
8 March 2020
On 2 March 2020, in New York, the official opening ceremony of the next Uzbek trading house of SAG companies (Samarkand) for the sale of branded carpets, as well as Gulnor (Shakhrisabz) for the sale of textile products from silk was held. The Uzbek diplomats who attended the ceremony welcomed the opening of a trading house, which was largely due to the support provided by the Government of Uzbekistan to domestic entrepreneurs by creating a favorable business climate in the country, protecting their rights and interests, and promoting Uzbek products to foreign markets. According to the Uzbek Embassy in Washington, already in the second Uzbek trading house, opened in the United States over the past two years, organized the sale of Uzbek carpets and traditional textile products from silk. |read|

Uzbekistan cancels state regulation of cotton production

en.trend.az/
6 March 2020
Starting from the harvest season in 2020 harvest, Uzbekistan will cancel state regulation of the cotton production plan, price and mandatory sales plan, Trend reports citing Uzbek media. In addition, the plan for the compulsory sale of grain will be reduced by 25 percent. The corresponding decree was signed by President Shavkat Mirziyoyev, according to the report. |read|

EBRD to expand its portfolio in Uzbekistan

akipress.com/
6 March 2020
President Shavkat Mirziyoyev met with EBRD President Sir Suma Chakrabarti on March 5, the president's press service said. Priority areas of long-term cooperation were in focus of the discussions. Sir Suma Chakrabarti expressed readiness of EBRD to continue a comprehensive support to the program of reforms in Uzbekistan and to significantly expand the partnership portfolio. |read|

Invitation to Business environment in Uzbekistan on March 19 in Tashkent

aucconline.com
6 March 2020
[Note: The following invitation was kindly shared by the UNDP office in Uzbekistan. Please respond to info@aucconline.com if you would like to attend. |read|

Energy Experts Discussed the Adequacy of the Transmission System to Accommodate Increasing Cross-Border Power Exchanges at a USAID-Supported Meeting

uz.usembassy.gov/
5 March 2020
On March 4, the U.S. Agency for International Development (USAID) held a Technical Working Group meeting, as part of the Central Asian Regional Electricity Market (CAREM) project to promote the region’s long-term energy security and economic growth. |read|

Uzbekistan seeks investors for 1,500 MW gas power plant

www.reuters.com/
4 March 2020
Uzbekistan on Wednesday invited foreign companies to take part in a project to build a 1,500 megawatt (MW) gas power plant in what it wants to become the biggest energy public-private partnership to date, the country’s energy ministry said. The ministry said it has pitched the project to executives from Sumitomo, Mitsui, Engie, EDF , Kepco, AcwaPower, Hyundai, Mitsubishi, Marubeni, and other companies who took part in a videoconference. The proposed deal is for the construction of a combined cycle gas plant in the Central Asian nation’s Sirdarya province, the ministry said in a statement. |read|

ADB to Allocate over US$2 Billion This Year to Support Projects in Central Asia

apiras.net/
3 March 2020
Asian Development Bank will allocate over US$2 billion this year to support 18 projects in Kazakhstan, Uzbekistan, Kyrgyzstan, and Tajikistan. ADB Country Director for Kazakhstan said that about 40 percent of the allocated funds will be used to finance four projects such as transport, infrastructure, agriculture, and green finance in Kazakhstan. “We plan that this year we are going to fund something close to US$800 million. |read|

Statement by IMF Managing Director Kristalina Georgieva and World Bank Group President David Malpass on the 2020 IMF-World Bank Group Spring Meetings

www.worldbank.org/
3 March 2020
WASHINGTON, March 3, 2020—Mrs. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), and Mr. David Malpass, President of the World Bank Group, today issued the following statement: |read|

Uzbekistan plans to modernise mining company

world-nuclear-news.org/
2 March 2020
The president of Uzbekistan, Shavkat Mirziyoyev, last week chaired a meeting on plans to reform fully state-owned enterprise Navoy Mining and Metallurgical Plant (NMMP). The country's largest industrial enterprise, NMMP produces gold, uranium and rare metals as well as other products. NMMP accounts for 10% of all industrial production in Uzbekistan and 18% of budget revenues, according to a government statement on the 26 February meeting, and by the volume of raw materials, it is the third largest gold producer in the world. |read|
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» 27 February 2020: Uzbekistan transitions to international financial reporting standards
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