In the first half of 2022, Uzbekistan received remittances in the amount of US$6.53 billion, which is almost twice as much compared to the same period in 2021. This is stated in the report of the Central Bank.
The current account in the first half of 2022 formed a deficit of $830 million (US$3.3 billion in the first half of 2021). At the same time, the negative balance (US$6.5 billion) of the trade balance (goods and services) was partially offset by the positive balance of primary and secondary income (US$5.7 billion). This was stated by the press service of the Central Bank of Uzbekistan.
The Committee of the Legislative Chamber of the Oliy Majlis on science, education, culture and sports heard information from a number of ministries and departments on the work being done to achieve target indicators of budget expenditures and development programs for 2022.
In September 2022, the average price level in the consumer market of Uzbekistan increased by 1.0%, the State Statistics Committee of Uzbekistan said.
The Central Bank of Uzbekistan became one of the largest buyers of gold in August 2022. The data is provided in the World Gold Council report.
The European Bank for Reconstruction and Development (EBRD) is promoting energy efficiency in Uzbekistan’s steel production sector by supporting operations of the country’s leading private producer of prefabricated steel products Tashkent Pipe Plant (TPP).
The European Bank for Reconstruction and Development (EBRD) is contributing to a greater availability of consumer electronics and household appliances in Uzbekistan by supporting the expansion of one of the country’s leading retailers Idea Concept Group (Idea).
Khalq Bank showed the greatest increase in activity, which rose four positions at once in the overall rating from 16th to 12th place. Ipotekabank for the second quarter in a row shows a decrease in activity, so the bank lost three positions and moved from 5th to 8th place. Closes the rating of large banks "Asaka Bank", which continues to hold the last line in its group.
A meeting was held at the Central Bank of Uzbekistan with a delegation of BNK Kyongnam Bank JSC headed by Chairman of the Board Choi Hong Yong (Republic of Korea).