Economy

Prime task facing the country in the context of unfolding global pandemic crisis is to secure socio-economic stability and support living standards and incomes.

According to the study of international consulting group Mercer, Tashkent preserved its position as of the one the cheapest cities for living for foreigners.

The field of statistics in Uzbekistan will change. This is linked to the harmonization of domestic methods with international standards. According to experts, this will ensure the effectiveness and correctness of the ongoing reforms within the framework of the current policy of the leadership of the State.

On May 28, President of the Republic of Uzbekistan Shavkat Mirziyoyev held a meeting to discuss priority tasks in ensuring a competitive environment in the economy and protecting consumer rights.

Countries around the world are facing an economic crisis due to the Covid-19 pandemic. According to the International Monetary Fund, the global economy is expected to slow to 3.0 percent this year, the worst economic decline since the global depression.

Today, on May 22, President Shavkat Mirziyoyev visited the construction site of apartment blocks in the Khojaabad district of Andijan region.

Over the past years, Uzbekistan highly systematized statutory regulations providing investment operations and for the first time in the country's history adopted a Uniform Act, i.e. the Law of the Republic of Uzbekistan on Investment and Investment Operations.

His Excellency Shavkat Mirziyoyev

On May 19, President of the Republic of Uzbekistan Shavkat Mirziyoyev chaired a video conference to discuss additional measures to support entrepreneurship.

Within the implementation of Decree of the President of Uzbekistan Shavkat Mirziyoyev “On the creation of an innovative scientific and production pharmaceutical cluster” dated January 28, 2020, an agreement was reached with Economic Development Cooperation Fund of the South Korean Eximbank to finance scientific and educational structures with a long-term loan amounting 136 million dollars.