Uzbek economy

Uzbekistan among 3 fastest growing economies in 2024

Uzbekistan among 3 fastest growing economies in 2024

The World Bank now forecasts that Uzbekistan's GDP will grow 6% in 2024, 5.8% in 2025 and 5.9% in 2026, according to the bank's latest Global Economic Prospects review. The bank's previous forecast in June predicted more …

Uzbekistan to provide jobs for 5 mln people in 2024

Uzbekistan to provide jobs for 5 mln people in 2024

Uzbek President Shavkat Mirziyoyev has familiarized himself with a program to create new jobs in the country in 2024, which envisages providing jobs for 5 million people, the presidential press service reported. …

Uzbekistan's central bank keeps policy rate unchanged

Uzbekistan's central bank keeps policy rate unchanged

Uzbekistan's central bank kept its policy rate unchanged at 17.0% on Thursday. The full effect of last month's hike was yet to manifest itself and therefore it wanted to maintain monetary conditions unchanged, the bank said in a …

Uzbekistan increases gold and foreign exchange reserves

Uzbekistan increases gold and foreign exchange reserves

The Central Bank of Uzbekistan announced an increase in its international reserves by $935 bln. As of March 1, 2022, they amounted to $35.36 bln. At the same time, the physical monthly volume of gold reserves decreased from 11.6 to 10.9 …

Remittances to Uzbekistan over-perform gold mining

Remittances to Uzbekistan over-perform gold mining

Last year’s volume of remittances to Uzbekistan was equal to the level of 2019 and amounted to $ 6,03 bln, the report of the country’s  Central Bank reads. "The volume of the cross-border transfers to Uzbekistan in …