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The Central Bank warns that rising electricity and gas tariffs will cause inflation to increase by 2 percentage points.

The Central Bank warns that rising electricity and gas tariffs will cause inflation to increase by 2 percentage points.

In April, the regulator anticipates an acceleration in the annual inflation rate due to the consideration of past energy tariff adjustments.
The ruble has strengthened to its highest level since August 2024 following discussions between Putin and Trump.

The ruble has strengthened to its highest level since August 2024 following discussions between Putin and Trump.

On the Forex market, the dollar exchange rate fell below 90 rubles, while trading volume on the Moscow Exchange reached a record $4.5 billion.
Gold bars have set a price record for the ninth time this year.

Gold bars have set a price record for the ninth time this year.

In just a month and a half, the precious metal has increased in price by nearly 11%, and over the course of a year, it has risen by 1.5 times.
"Uzbekhydroenergo has exported green energy certificates for the first time."

"Uzbekhydroenergo has exported green energy certificates for the first time."

In 2024, a total of 64,300 "green certificates" were traded on the exchange, amounting to 875.9 million sums.
The "white" import of mobile phones increased by nearly a quarter over the past year.

The "white" import of mobile phones increased by nearly a quarter over the past year.

Deliveries of equipment from Vietnam have more than doubled, while those from India have tripled.
In December, Uzbekistanis obtained a record 5.1 trillion sums in microloans.

In December, Uzbekistanis obtained a record 5.1 trillion sums in microloans.

By the end of 2024, the volume of microloans and microcredits has increased by over fifty percent.
An automatic scoring system will be implemented to facilitate access to social assistance.

An automatic scoring system will be implemented to facilitate access to social assistance.

Grants of up to 22.5 million sums will be allocated for the employment of citizens in need.
Weekly highlights: increased recycling fees for electric vehicles, the return of $182 million in assets belonging to Gulnara Karimova, and record gold prices.

Weekly highlights: increased recycling fees for electric vehicles, the return of $182 million in assets belonging to Gulnara Karimova, and record gold prices.

Spot has gathered the most important articles and news from this week that you may have missed.
Kazakhstan strengthens its leadership, accounting for over 60% of all investments in Central Asia.

Kazakhstan strengthens its leadership, accounting for over 60% of all investments in Central Asia.

Kazakhstan maintains its leading position in attracting investments in Central Asia by creating favorable conditions for business. By 2029, the country aims to...
S&P forecasts that Uzbekistan's economy will slow down in 2023.

S&P forecasts that Uzbekistan's economy will slow down in 2023.

However, the country managed to cope with the economic repercussions of the war in Ukraine better than anticipated.
In Kazakhstan, newborns will start receiving bank accounts for deposits.

In Kazakhstan, newborns will start receiving bank accounts for deposits.

Account top-ups will occur annually on January 1st.
Labor activity has declined in all regions except for Tashkent, according to the Institute for Policy and Management Innovations.

Labor activity has declined in all regions except for Tashkent, according to the Institute for Policy and Management Innovations.

For instance, in Kashkadarya, there is an average of nearly 17 applicants for each job vacancy.
How the earthquake in Turkey will impact Uzbekistan's economy.

How the earthquake in Turkey will impact Uzbekistan's economy.

The GDP of our country may decrease by 0.1% in 2023.
Cotton-textile clusters in the Bukhara region have generated over 3,500 jobs.

Cotton-textile clusters in the Bukhara region have generated over 3,500 jobs.

What is a cluster system and why is it necessary?
Some social facilities will start using coal for heating.

Some social facilities will start using coal for heating.

"Shocking Shift: Major Facilities Set to Heat with Coal! Discover how this controversial move will impact schools, kindergartens, and healthcare institutions across the nation. Are we sacrificing sustainability for short-term gains? Find out what this means for the future!"
Uzbekistan has imported over 1,000 tons of ice cream.

Uzbekistan has imported over 1,000 tons of ice cream.

Russia has maintained its position as a leader for an entire year.
Over a third of migrants in Russia are from Uzbekistan.

Over a third of migrants in Russia are from Uzbekistan.

As a result, the number of workers from Uzbekistan in Russia has risen by 40%.
Uzbekistan will gain continuous access to the Black Sea.

Uzbekistan will gain continuous access to the Black Sea.

The ports of Poti and Batumi can be used for this purpose.
Central Asia: Impact of the Ukraine Crisis - EBRD

Central Asia: Impact of the Ukraine Crisis - EBRD

In 2023, production in Central Asia is expected to increase by 4.9%.
In Uzbekistan, prices for secondary housing have increased.

In Uzbekistan, prices for secondary housing have increased.

Over the course of a month, the figure increased by 0.9%.
Uzbekistan has emerged as a key exporter of construction materials to Kazakhstan.

Uzbekistan has emerged as a key exporter of construction materials to Kazakhstan.

Over the course of a year, the volume of shipments rose to 38.6%.
$350 million has been allocated for the "Obod Kishlok" and "Obod Mahalla" projects.

$350 million has been allocated for the "Obod Kishlok" and "Obod Mahalla" projects.

In 2021, construction, renovation, and improvement projects were carried out in 7,794 villages and neighborhoods.
The Ministry of Transport is in talks to facilitate cargo transportation to Europe via Lithuania.

The Ministry of Transport is in talks to facilitate cargo transportation to Europe via Lithuania.

The new transport corridor will be in high demand among Uzbek exporters.
In January, Uzbekistan emerged as the global leader in gold sales.

In January, Uzbekistan emerged as the global leader in gold sales.

Turkey has become the largest buyer.
Uzbekistan has become one of the leading importers of flour from Kazakhstan.

Uzbekistan has become one of the leading importers of flour from Kazakhstan.

You won't believe which country has skyrocketed to the top of flour imports! Discover the surprising statistics that reveal a dramatic shift in trade dynamics. Find out who’s leading the pack and how much they’re buying—this will change everything you thought you knew about flour imports!
Kazakhstan and Uzbekistan have established a joint foreign trade company.

Kazakhstan and Uzbekistan have established a joint foreign trade company.

Imports from Uzbekistan to Kazakhstan increased by 21.4% in 2022.
In gas-rich Turkmenistan, the president boasts a "dynamic" GDP.

In gas-rich Turkmenistan, the president boasts a "dynamic" GDP.

During the reporting period, natural gas production increased by 1.6%.
Uzbekistan ranks 109th in the Economic Freedom Index.

Uzbekistan ranks 109th in the Economic Freedom Index.

The republic has recorded positive changes in 7 out of 12 indicators.
The World Bank allocated $46.25 million to Uzbekistan for reducing emissions and accessing global carbon markets.

The World Bank allocated $46.25 million to Uzbekistan for reducing emissions and accessing global carbon markets.

Representatives from Uzbekistan and the World Bank have signed an agreement as part of the project titled "Innovative Carbon Financing for Energy Transformation."
What are the benefits of the "One Belt, One Road" initiative for Uzbekistan?

What are the benefits of the "One Belt, One Road" initiative for Uzbekistan?

Responding is economic analyst Shukhrat Rasul.