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Discussion Starter · #821 ·
Uzbekistan to spend $1.9bn to improve living standards at districts



The Uzbek government is planning to allocate $1.9bn towards improving the living standards in districts. At a video-conference on Wednesday, Uzbek President Shavkat Mirziyoyev instructed the Cabinet of Ministers and district administrations to start construction work in all villages and neighborhoods.


The Uzbek government is planning to allocate $1.9bn towards improving the living standards in districts. At a video-conference on Wednesday, Uzbek President Shavkat Mirziyoyev instructed the Cabinet of Ministers and district administrations to start construction work in all villages and neighborhoods.
Mirziyoyev urged the allocation of $3.4mn for the construction and repair of drinking water and electricity supply networks, internal roads and social facilities.
In addition, over $1.9mn will be allocated for the repair of more than 10,000 kilometers of internal roads in 2,700 neighborhoods and $94.9mn for the construction of more than 4,000 kilometers of drinking water supply networks in 500 neighborhoods.
“The urgency of improving the power supply is increasing. We have plans to repair 1,500 kilometers of power lines and more than 4,000 transformers in 60% of neighborhoods throughout the country. About $2.4mn will be allocated for these activities”, says Sherzod Hidoyatov, Minister of Housing and Communal Services.
Mirziyoyev also urged to bring 300,000 citizens out of poverty, provide jobs for 500,000 young people and 200,000 women.
The government is to allocate $8.9mn towards family entrepreneurship programs this year.

Uzbekistan to spend $1.9bn to improve living standards at districts
 

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Discussion Starter · #822 ·
Russian Kari to expand into Uzbek market



Russian footwear brand Kari is set to open a plant in Uzbekistan, Uzcharmsanoat association of Uzbekistan said March 25. It will produce up to 10mn pairs of shoes per year.


Russian footwear brand Kari is set to open a plant in Uzbekistan, Uzcharmsanoat association of Uzbekistan said March 25. It will produce up to 10mn pairs of shoes per year.
Founded in 2012 Kari is one of the five largest retail chains in Russia engaged in the footwear trade. The company has over 1,300 retail outlets in more than 300 cities in Russia, Belarus, Ukraine, Kazakhstan, Poland and other countries.
“The new enterprise is to be built completely at the expense of foreign direct investment (FDI). More than 1,000 jobs are expected to be created”, Uzcharmsanoat said.
“The guests expressed confidence that they will launch the new plant within one year thanks to the favorable business environment and assistance provided by the state to foreign investors”, it added.
All goods produced at the factory are to be exported. No information was provided on the size of FDI.

Russian Kari to expand into Uzbek market
 

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Discussion Starter · #823 ·
Uzbek goods to replenish shelves at Walmart chains



The chamber said it was collecting offers from domestic enterprises that are ready to use this opportunity.


Uzbek entrepreneurs may soon be able to deliver their products to the retail chains of Walmart in China, as the Chamber of Commerce and Industry of Uzbekistan has established cooperation with Sam's Club China, a subsidiary of Walmart.
The chamber said it was collecting offers from domestic enterprises that were ready to use this opportunity.
“After considering all the proposals, the terms of cooperation with the Chinese company will be discussed”, it said in a statement.

Uzbek goods to replenish shelves at Walmart chains
 

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Discussion Starter · #824 ·
Uzbekistan implements $1.3bn projects in chemical industry



Eight projects worth about $60mn are to be completed by the end of this year. New facilities are set to replace $15mn imports and export $30mn worth of goods if all goes to plan.


Uzbekistan`s chemical structure Uzkimyosanoat said it was implementing 21 projects worth over $1.3bn. President Shavkat Mirziyoyev was presented with information on the projects on March 29.
Eight projects worth about $60mn are to be completed by the end of this year. New facilities are set to replace $15mn imports and export $30mn worth of goods if all goes to plan.
“Feasibility studies are currently being drawn up for 18 projects worth over $2.6bn”, Mirziyoyev`s press office said.

“The overall goal is to bring the production capacity to $3bn, the export potential of the industry is expected to reach $1.3bn. Some 3,500 jobs will be created at the new enterprises”, it added.
According to plans, the volume of production based on deep processing of natural gas is to exceed $2.1bn. In this case, the added value would increase by 14 times.
Three large technological clusters are to be established in joint-stock companies Navoiazot, Ferganaazot and in the Republic of Karakalpakstan.
In particular, 16 projects worth $02.6bn are to be implemented in Navoiazot, four projects worth $334mn in Ferghanaazot, and three projects worth some $687mn in the Republic of Karakalpakstan.
“We have allocated a big money for the chemical industry. Energy-efficient technologies have been introduced. Now it's time for this industry to create added value. There are great opportunities for this. If we put in order the quantitative and qualitative indicators, the price policy in each direction, exports will grow by 5-6 times," said Mirziyoyev.
The president also urged reducing the state's share in chemical enterprises, their transformation, and the introduction of international standards of corporate governance and financial reporting in the industry.

https://uzreport.news/economy/uzbekistan-implements-13bn-projects-in-chemical-industry
 

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Discussion Starter · #825 ·
Uzbekistan to reduce number of SOEs by 75%



The number of independent members on the supervisory boards of enterprises with state shares is to reach 30%.


The Uzbek government is intending to decrease the number of SOE's by 75% by 2025. According to a new strategy, unveiled by the Cabinet of Ministers on March 31, at least 20 companies are set to conduct IPO and SPO.
The number of independent members on the supervisory boards of enterprises with state shares is to reach 30%.
The strategy was drawn up jointly with experts attracted by the European Bank for Reconstruction and Development (EBRD). However, the state is to keep its ownership in companies that represent strategic economic interests and linked to natural monopolies.

Uzbekistan to reduce number of SOEs by 75%
 

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Discussion Starter · #826 ·
Uzbekistan spends $11.5bn to support small business in 2021



Mirziyoyev added that more than 104,000 enterprises in Uzbekistan affected by the coronavirus pandemic have resumed operations, while the working capital of private enterprises has increased by 33% compared to last year.



The Uzbek government last year spent $11.5bn in providing loans and financial assistance to small businesses, President Shavkat Mirziyoyev said on April 8.
Mirziyoyev added that more than 104,000 enterprises in Uzbekistan affected by the coronavirus pandemic have resumed operations, while the working capital of private enterprises has increased by 33% compared to last year.
The president harshly criticised regional and sector leaders who have failed to take full advantage of available economic opportunities.
He said: “We are living in a difficult period. Every day we need to look for something new, strive, work for the final goal. We have to support entrepreneurs, create conditions for them. No matter how much money we allocate, how many decrees and resolutions we adopt, how many favourable conditions we create, everything will be in vain if the lower-level managers do not change their worldview, are not friends with the entrepreneur."
Mirziyoyev also touched upon problems in infrastructure. He said that some 320 entrepreneurs have been unable to put to work around $220mn worth of equipment that they have imported over the past two years.
Over 2,500 people stand to lose jobs due to insufficient electricity supplies, he mentioned.
The government has allocated $192mn to solve utility and infrastructure shortcomings. By the end of this year, 168 industrial zones are to be provided with 468 kilometres of electricity networks, 362 kilometres of gas pipelines, 405 kilometres of water supply networks and 104 kilometres of roads.
The Business Ombudsman has been instructed to study the problems of entrepreneurs in infrastructure and make proposals to the prime minister to remedy them.
Mirziyoyev also noted that nearly $100mn was allocated for the development of the service sector during the pandemic.
This year, entrepreneurs are to be provided with at least $3.8bn in loans to replenish working capital; export enterprises are set to enjoy $100mn of revolving loans.
A procedure is to be created for granting entrepreneurs who show good discipline in paying taxes on time the option of paying 50% of taxes in installments over three years.

Uzbekistan spends $11.5bn to support small business in 2020
 

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Discussion Starter · #827 ·
Uzbek capital eyes $10.7bn worth investment projects by 2024


Uzbek capital eyes $10.7bn worth investment projects by 2024

The Uzbek capital Tashkent is planning to implement nearly 1,400 investment projects worth $10.7bn by 2024.

By the end of this year, the government intends to raise $4.1bn worth of investments. Some 130 projects worth $171mn are to be commissioned in the first quarter.

Nearly 847 projects worth over $2.8bn scheduled for completion in the current year are to create about 36,000 new jobs.

Tashkent enterprises plan to export goods worth $3bn in 2021-2023. This year, they expect to export $70mn worth of fruit and vegetable products, as well as industrial goods amounting to $800mn.

Uzbek capital eyes $10.7bn worth investment projects by 2024
 

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Discussion Starter · #828 ·
Ipoteka-Bank becomes first Uzbek bank to issue UZS-denominated Eurobonds





Uzbek Joint-Stock Commercial Mortgage Bank Ipoteka-Bank (Ipoteka) became the first among the corporate issuers of Uzbekistan to successfully issue and place bonds in the national currency on the international capital market.

The 3-year eurobonds of Ipoteka in the amount of UZS 785bn (equivalent to up to $75mn) were successfully placed on the International Vienna Stock Exchange on April 16, 2021 with a coupon rate of 16% per annum (with an effective rate of 16.5% per annum).

The placement was carried out in accordance with the recommendations of the underwriter bank of the transaction J. P. Morgan Chase and the Finance Ministry of Uzbekistan.

“This transaction is significant, as it is the first in our history placement of UZS-denominated international bonds. This issue should be an incentive for other potential issuers of the country planning to place securities on international capital markets, serve as an additional source of raising long-term resources in the national currency from abroad, as well as reduce currency risks and the level of dollarization”, Ipoteka said in a statement.

In April this year, Fitch rated the now completed issue at BB-(EXP)'/'RR4.

The Uzbek bank made its first $300mn worth eurobond issue in November 2020. A listing was made on the London Stock Exchange.

Ipoteka-Bank becomes first Uzbek bank to issue UZS-denominated Eurobonds
 

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Discussion Starter · #829 ·
Bishkek authorities to buy 350 ecological buses from Uzbekistan



Bishkek authorities to buy 350 ecological buses from Uzbekistan


Kyrgyzstan will buy at least 350 ecologically friendly Uzbek-made ISUZU buses that run on gas fuel- the press service of the Bishkek city hall reports.
According to the signed memorandum, the company "Eco Passenger Transportation" is committed to supplying buses of Japanese brand ISUZU of Uzbek production, working on gas fuel. The first batch of buses will be delivered to the city's route lines by July 1, 2021.
During 2022-2023 the company "Eco Passenger Transportation" plans to increase the number of gas-powered buses up to 1000 units, including 9, 10, 12-meter buses, adapted for passengers with disabilities.

Bishkek authorities to buy 350 ecological buses from Uzbekistan
 

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Discussion Starter · #830 ·
Uzbekistan plans to raise $7.1bn investments in 2Q


Uzbekistan plans to raise $7.1bn investments in 2Q

Uzbekistan exported $3.2bn worth of goods during the 1Q of this year, the GDP growth amounted to 3%, industrial production grew by 3.8%, agriculture by 3.1%. State budget revenues exceeded the forecast by almost $190mn.

President Shavkat Mirziyoyev during a meeting on May 12 said that these figures, indeed, were good, but not enough. If all industry leaders would work with great dedication, these figures would be twice as high.

“The vertical system of ministries does not work. Industry leaders lack initiative, and their deputies lack authority and a sense of responsibility. If we put an end to corruption, if the local system works, the mayors of regions, districts and cities will strengthen their responsibility, the economy will develop by itself," Mirziyoyev said.

Talking about the shortcomings in terms of industries and regions he said that the production capacities at factories of Uzavtosanoat decreased by 40%, Uzbekneftegaz witnessed a 4.7% decline. While demand for medicines and medical devices has surged in recent years, pharmaceutical production has fallen by 22%. The volume of production at 74 large enterprises in the regions has dipped by $104mn.

During the 2Q of this year, the Uzbek government intends to raise $7.1bn worth of investments and channel these funds into realisation of over 2,500 regional projects.

Projects worth over $220mn are to be implemented in the textile industry.

Exports in the first half of the year are set to reach $5.2bn.

Uzbekistan plans to raise $7.1bn investments in 2Q
 

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Discussion Starter · #831 ·
Uzbekistan urges Facebook, Google, Telegram and TikTok move their servers inside country


Uzbekistan obliges Facebook, Google, Telegram and TikTok move their servers inside country

Uzbekistan has obliged social networks and global Internet companies to process the personal data of citizens of Uzbekistan on servers located on the territory of the country. They have already been sent the relevant letters, the press service of the Lower House of the Oliy Majlis has reported.

It added that companies such as Facebook, Google, Mail.ru, Microsoft Skype, Telegram, Wechat Tencent, TikTok, Twitter, Yandex, when processing personal data of Uzbek citizens, are required to ensure their collection, filing and archiving of technical servers that are physically located on the territory of the country.

This means that if social networks and Internet companies intend to conduct legal activities in Uzbekistan, they must place their equipment on the territory of Uzbekistan, or in accordance with the established procedure, they can be brought to administrative or criminal responsibility.

These norms, according to the legislation, aim at ensuring the personal rights and freedoms of citizens guaranteed by the Constitution. They could also protect personal data of Uzbek citizens from cyber attacks.

Uzbekistan urges Facebook, Google, Telegram and TikTok move their servers inside country
 

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Discussion Starter · #832 ·
World Bank to support development of water supply and innovation in Uzbekistan



World Bank to support development of water supply and innovation in Uzbekistan


The Uzbek government and the World Bank (WB) have inked financial and grant agreements on the project "Development of the water supply services sector and its institutional support in Uzbekistan", the press service of the Ministry of Economic Development and Poverty Reduction of Uzbekistan has reported.
The signing took place on May 17 as part of the official visit of the World Bank's Vice President for Europe and Central Asia, Anna Bjerde.
The project is supported by a concessional loan from the World Bank in the amount of $239mn, as well as a grant from the Swiss State Secretariat for Economic Affairs in the amount of $7.8mn.
The project is expected to improve water and sanitation services across three regions of the republic. It also aims at modernising the sewage treatment facilities in the cities of Nukus, Takhiatash and Khojeyli in Karakalpakstan. In addition, the water supply and sewerage networks in the Syrdarya region and the city of Kattakurgan in the Samarkand region are to be expanded and reconstructed.
The parties also signed a $50mn soft loan agreement aimed at modernization of the national innovation system.
Within the framework of cooperation, Uzbek firms and companies are to receive about 30 grants for investing in startup projects and in research and development activities.


World Bank to support development of water supply and innovation in Uzbekistan
 

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Discussion Starter · #833 ·
Raiffeisen Research recognizes similarities between Uzbekistan and Poland


Raiffeisen Research recognizes similarities between Uzbekistan and Poland

Raiffeisen Research, a division of Austria’s second largest bank has found similarities between Uzbekistan and Poland. In its latest report titled “Uzbekistan Economic Insights: On the footsteps of Poland and Ukraine”, the compilers of the report said: "On the back of a solid reform agenda Uzbekistan established itself in somewhat exaggerated terms as "Poland" of Central Asia. The country consistently outperformed on the economic growth front and managed to avoid an outright recession in 2020 in the context of the COVID-19 crisis (as Poland did during the Global Financial Crisis)".

“Uzbekistan benefited from the fact that in 2020 imports slumped more than exports, which are traditionally more resilient, thus supporting the external contribution to GDP. However, the corona crisis is also well under control. According to international statistics, we currently count ~94,000 accumulated COVID-19 cases vs. 600,000 in Central Asia on average. Currently, there are no explosive dynamics in COVID-19 cases. Therefore, the limited vaccination rate is possibly less of a risk factor than elsewhere”, they added.

According to the document, the successful economic performance of recent years and the positive outlook were based on a resolute economic reform course which has been consistently pursued since 2016/2017. If this course is continued, the considerable growth and convergence potential in the country could be further tapped. Uzbekistan currently accounts for around 1% of economic output in the CEE region, with a population share at around 7%.

The report forecasts key interest rate in the country to remain well above 10% in 2021 and 2022. In addition to containing inflation and the strong lending cycle, this would also flank the opening of the local capital market to foreign investors well and at the same time might help to avoid strong currency fluctuations — even if a moderate trend currency devaluation could hardly be avoided in light of high inflation differentials.

“Uzbekistan needs continuous capital inflows on the reform path it has embarked on and intact investor confidence to sustainably finance the investments and current account deficit expected in such a process. But the country is also well-prepared for any hick-ups during its transformation journey, with gold and foreign exchange reserves amounting to about $33bn, or roughly 60% of GDP, with 16-20 months of import cover”, the document notes.

“The invite for foreign capital in the banking sector resonates well with the generally growing appetite for Uzbek risk by international investors. Foreign banks have unmistakably increased their exposures towards Uzbekistan significantly in recent years. Apart from the successful Eurobond placings worth nearly $3bn in 2019-2021 YTD (sovereign, banks and corporates), there has been a steep rise in cross-border banking claims on Uzbekistan by both BIS-reporting and Russian lenders, up to $7bn together. In this regard, the steady inflow of wholesale funding mitigates still rather narrow local deposit base of Uzbek banks (the sector’s Loan-to-deposit ratio stands at ~250%). In the long term, the trend of exposure increases at foreign banks is even more impressive. Western banks have increased their exposures towards Uzbekistan by a factor of 6-7 increased from just under 1bn in 2012 to almost $6bn by the end of 2020”, it concludes.

Raiffeisen Research recognizes similarities between Uzbekistan and Poland
 

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Discussion Starter · #834 ·
Uzbekistan's privatisation process gets a boost as global experts meet in Tashkent


Uzbekistan's privatisation process gets a boost as global experts meet in Tashkent

Uzbekistan’s intention to reduce the number of SOEs by 75% by 2026 will create a strong and competitive private sector, as well as a more inclusive and dynamic economy, World Bank experts said during a forum in Tashkent on May 27. The event was organised by the State Assets Management Agency in partnership with the international bank.

Finance Minister of Uzbekistan, Timur Ishmetov, addressing the event said that the number of SOEs in the country currently stays at around 2,500, with most of them holding their activity in the form of unitary enterprise. He added that their reduction would help to raise additional private investment in various sectors and improve the business environment for vibrant private sector growth.

“Privatization and transformation of state-owned enterprises, as you know, is one of the priority areas for the improvement of best management practices, as well as open, transparent, and market-oriented principles in creating broad opportunities for participation in the process of private capital reforms, reducing the role of the State in the economy and further improving the competitive environment. We have a solid reform agenda that will continue and I can cite as an example the recent visit of Ms. Anna Bjerde to Uzbekistan. Her very successful, warm, and constructive meeting with the esteemed President of the Republic of Uzbekistan, and I think it was shown once again, and she and the entire delegation of the World Bank were once again convinced that the leader of Uzbekistan is committed to reforms”, - said Jamshid Kuchkarov, Deputy Prime Minister of Uzbekistan.

According to Anna Bjerde, the World Bank’s Vice President for Europe and Central Asia, the lessons from foreign countries’ experiences highlight the importance of well-sequenced and transparent privatization and state enterprise reforms.

She said: “SOEs often operate as monopolies, they enjoy unfair advantages of preferential access to land, enjoy preferential regulatory policies. This negatively impacts competition by limiting private sector investment and growth, reducing innovation and the creation of new jobs. In Uzbekistan, 50% of GDP is still derived from state-driven economic activity. The Covid crisis has made a transition to a market economy even more important for Uzbekistan. A primary development challenge in Uzbekistan is the creation of new productive and sustainable jobs. This requires an accelerated transition towards a private sector-driven market-based economy. Uzbekistan’s public sector will not be able to create a large number of jobs required to meet the needs of the young labor force that is expected to continue growing until 2040. Accelerating the reform of SOEs and creating a competitive and inclusive private sector growth model, as stated in Uzbekistan’s 2017-2021 national strategy, is essential”.

“Today’s discussions highlighted cases from Europe and East Asia that emphasize the importance of careful sequencing, prioritization, and transparency in the reform process. They also emphasize the importance of ensuring strong safety nets and labor market interventions to support those who may become displaced by the reform of state-owned enterprises. Looking ahead, the World Bank reaffirms its support to the government of Uzbekistan as it enters this important phase of reforms to expand competitive private sector growth. Along with several other international financial institutions and development partners, we look forward to working closely with the government to implement an effective and transparent privatization process”, noted Marco Mantovanelli, World Bank Country Manager for Uzbekistan.

According to Wieslaw Kaczmarek, Consultant at Uzbekistan’s State Assets Management Agency, privatization is just an instrument to achieve several goals. If the strategic purpose of the country is to strengthen the private entrepreneurs, then privatization is the best tool.

“Let’s consider that if we’d build such a policy in Uzbekistan as in Poland, which presupposes the existence of Uzbek champions. What does it mean? These are industry companies that will be leaders not only in the local market, but also abroad, in various industries, relying on natural resources, personnel, the market, its participation, and other aspects. In addition, the country has to admit, that one of the strategic purposes of the republic is the development of human capital. Uzbekistan may become the hub of all the services for business and entrepreneurship including accounting, logistics, IT, media, and other spheres. To implement all the projects, the young generation require language skills, IT knowledge and so on. Participation in the privatization process is risky”, - he said.

Uzbekistan's privatisation process gets a boost as global experts meet in Tashkent
 

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Discussion Starter · #835 ·
Uzbekistan to integrate new platform with Amazon, Tmall and Aliexpress



Uzbekistan to integrate new platform with Amazon, Tmall and Aliexpress

Uzbekistan is intending to launch National Platform Uzbekmart.com, which is to be integrated into Amazon, TMall, and Aliexpress, the Chairman of the Assembly of Economy of Uzbekistan Mukhtar Umarov said on June 7.

"There are such major digital trading platforms in the world as Amazon, TMall, IndiaMART, and Aliexpress. One of them is Alibaba, which Uzbekistan has recently officially joined. Unfortunately, the lack of experience of our entrepreneurs and the failure in the practice of digital export does not allow us to use these platforms properly. Therefore, it is planned to launch a National Digital Platform to solve the problem, " he said.

"Once we launch the Uzbekmart.com project, then we will be able to integrate it into major international digital platforms. As a result, the problems will be positively resolved and an online catalog of our national products will appear. The platform will work on the B2B principle. We will need decent personnel to run the system. A coworking center has been created at the Assembly, where we train future specialists, " Umarov added.

Active negotiations and work is currently under way with foreign companies in this direction


https://uzreport.news/technology/uz...new-platform-with-amazon-tmall-and-aliexpress
 

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Discussion Starter · #836 ·
WB to channel $60mn into modernisation of Uzbekistan’s tax system


WB to channel $60mn into modernisation of Uzbekistan’s tax system

The World Bank’s Board of Executive Directors has approved the Tax Administration Reform Project in Uzbekistan, which is designed to improve the operational efficiency and effectiveness of the State Tax Committee and deliver better services to local taxpayers. The project is to be supported by a $60mn concessional credit from the International Development Association, with financing provided to the government at a very low-interest rate and a repayment period of 30 years.

“The Government of Uzbekistan has prioritized reforms in the tax administration system to create a better business and investment environment. The new project will help the Tax committee improve its work in the interest of taxpayers,” said Marco Mantovanelli, World Bank Country Manager for Uzbekistan. “In particular, the project will allow to broaden the tax base, leading to a reduction in the informal sector of the economy, which is estimated to be around 50% of GDP; to increase tax revenues; and to help firms and companies create new jobs, benefiting from a more efficient tax administration system.”

The project includes three key components directed at improving the STC’s operational, institutional, technological and human resource capacities, and promoting voluntary compliance across Uzbekistan.

WB to channel $60mn into modernisation of Uzbekistan’s tax system
 

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Discussion Starter · #837 ·
WB to support modernisation of Uzbekistan’s electricity sector


WB to support modernisation of Uzbekistan’s electricity sector

The World Bank’s board of executive directors has approved the Electricity Sector Transformation And Resilient Transmission Project, which aims at improving the performance of the National Electric Grid of Uzbekistan (NEGU). The project is set to ensure reliable energy supplies to millions of households and businesses across the Central Asian country.

It will be supported by $380mn in credit from the International Development Association (IDA), and a $43mn loan from the Green Climate Fund (GCF). The Uzbek government is to receive this financing at “very low-interest rates” and “with the longest repayment period” of up to 40 years. The GCF is also to provide a $4mn grant to cover selected project activities.

In Uzbekistan, electricity demand is expected to grow to over 100 TWh by 2030, a significant increase from 61 TWh in 2018. The country has more than 250,000 km of electricity transmission and distribution lines, most of which were built during the Soviet period and are now past their useful economic life.

The obsolete infrastructure results in high electricity losses, estimated at 20% of net generation, and frequent power outages undermining economic activities and the well-being of citizens across the country.

“This new transformational project supports the government’s goal of removing barriers to the effective operation and growth of the electricity sector. It will create the conditions for turning the NEGU into a modern and commercially run company and modernizing the national power transmission system. These measures will ensure reliable electricity supply for approximately 32mn consumers and, importantly, enable the grid integration of new large-scale renewable energy generation projects,” said Marco Mantovanelli, World Bank Country Manager for Uzbekistan.

The project aims to help in modernisation of outdated energy infrastructure by financing a part of NEGU’s priority investment program. Among other activities, it will include rehabilitation, upgrade, and expansion of 22 existing obsolete high-voltage substations and construction of a new 500 kV transmission substation and associated transmission lines in 11 regions of Uzbekistan.

WB to support modernisation of Uzbekistan’s electricity sector
 

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🇺🇿Что даст Узбекистану вступление в ЕАЭС.

@SputnikLive решил спросить руководителя направления Центра интеграционных исследований ЕАБР Тараса Цукарева.

️В Узбекистане нет отраслей, неподготовленных к интеграции в ЕАЭС. Предприятия страны получат больше клиентов и новые ниши для бизнеса.

Вырастет экспорт, откроются новые трансграничные коридоры.

️Инвестиции до $1,5 млрд в год. Это дополнительные 0,3-0,4% ВВП.

Особое внимание уделят энергетике. Более 60% энергосетей Узбекистана находятся в эксплуатации более 30 лет.

️Мигранты и общий рынок труда. Это даст Узбекистану дополнительный годовой приток денежных переводов в $2 млрд.

@SputnikLive
 

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Эксперты оценили последствия возможного вступления Узбекистана в ЕАЭС

 

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Аналитики Евразийского банка развития (ЕАБР) оценили последствия возможного присоединения Узбекистана к Евразийскому экономическому союзу (ЕАЭС). По их прогнозу, такой шаг позволил бы Ташкенту существенно нарастить приток инфраструктурных инвестиций и денежных переводов, увеличить экспорт, усилить промышленную кооперацию. Сам ЕЭАС, по мнению экспертов, также выиграл бы от расширения: Узбекистан они называют одним из ключевых элементов «пазла» экономической интеграции в Центральной Азии. В Ташкенте, впрочем, пока не спешат принимать судьбоносных решений.

Аналитики ЕАБР выпустили доклад о перспективах и потенциальных эффектах экономической интеграции Узбекистана в ЕАЭС (в котором помимо России состоят Армения, Белоруссия, Казахстан и Киргизия). По их оценке, вступление этой страны в ЕАЭС даст ей ряд преимуществ. Во-первых, по мнению экспертов, ежегодный потенциальный объем инфраструктурных инвестиций из ЕАЭС в Узбекистан может составить $1–1,5 млрд. Это обеспечит дополнительные 0,3–0,4 процентного пункта прироста реального ВВП республики в год. Аналитики ЕАБР отмечают, что Узбекистан привлекателен с точки зрения расширения бизнеса и направления прямых иностранных инвестиций из действующих государств—членов союза, поскольку республика обладает существенными природными и трудовыми ресурсами, а также производственной базой. Привлечение инвестиций, в свою очередь, будет способствовать увеличению производительности труда в Узбекистане как за счет обновления физической инфраструктуры, так и благодаря внедрению новых технологий.

Во-вторых, как следует из доклада, доступ к общему рынку труда ЕАЭС в среднем даст дополнительный приток денежных переводов в Узбекистан в размере $1,5–2 млрд в год, а дополнительный вклад в ежегодный прирост реального ВВП составит 0,3–0,4 процентного пункта. Увеличение объема денежных переводов приведет к повышению благосостояния населения Узбекистана, что, в свою очередь, положительно скажется на потребительском спросе. По прогнозу экспертов ЕАЭС, трудовая миграция в государства—члены ЕАЭС позволит смягчить негативные социально-экономические последствия в Узбекистане, вызванные безработицей и неполной занятостью.

И в-третьих, как предсказывают эксперты, расширение внутриотраслевой торговли и промышленная кооперация между Узбекистаном и действующими государствами—членами ЕАЭС будут способствовать диверсификации структуры экономики и экспортной корзины страны. По итогам 2020 года экспорт республики в страны—участницы ЕАЭС составил $3 млрд. Аналитики предполагают, что в случае вступления Узбекистана в союз эта цифра может значительно вырасти.

С учетом всех факторов темп прироста потенциального ВВП Узбекистана после вступления в ЕАЭС может повыситься до 6,9–7,2% в год с нынешних 5,5%.
О некоторых минусах присоединения к ЕАЭС для экономики Узбекистана в докладе тоже говорится, но акцент явно сделан на преимуществах. Из обзора следует, что и сам ЕАЭС весьма заинтересован в расширении за счет Узбекистана. По мнению экспертов, «без участия Узбекистана как крупного и стратегически расположенного игрока на пространстве Центральной Азии решение вопросов развития региона не будет иметь сильной динамики». Анализируя основные индикаторы социально-экономического развития Узбекистана, они напоминают, что Узбекистан является весьма крупной экономикой Центральной Азии с объемом ВВП $57,7 млрд (для сравнения: у Киргизии ВВП всего $7,7 млрд) и населением 34,6 млн человек (по этому показателю из всех стран ЕАЭС Узбекистан опережает только Россия). Рост экономики Узбекистана составлял 6,6% в среднем за 2011–2019 годы. Это выше, чем в странах ЕАЭС.

При этом по уровню дохода на душу населения Узбекистан отстает от большинства стран—членов ЕАЭС. ВВП республики на душу населения по паритету покупательной способности составил $7,4 тыс. в 2020 году. По этому показателю Узбекистан превосходит Киргизию, но более чем в 3,5 раза отстает от России и Казахстана, более чем в 2,5 раза — от Белоруссии и почти в 2 раза — от Армении. Как сказано в докладе, одна из причин отставания в уровне доходов — низкая производительность секторов экономики: в сельском хозяйстве (формирует 25% ВВП) этот показатель в два раза ниже, чем в России и Белоруссии, в промышленности и строительстве — в четыре раза ниже, чем в Казахстане. В системном же плане увеличению производительности экономики препятствует недостаток инвестиций, технологий, а также текущее состояние физической инфраструктуры.

Как Владимир Путин поучаствовал в заседании ЕАЭС
Тем не менее эксперты ЕАБР называют Узбекистан, находящийся «на перекрестке» Евразии, одним из ключевых элементов «пазла» экономической интеграции в Центральной Азии. «Без участия Узбекистана как крупного и стратегически расположенного игрока на пространстве Центральной Азии решение вопросов развития региона затруднено,— говорится в докладе.— Это в полной мере относится к транспорту, логистике и водно-энергетическому комплексу, где без координации усилий и взаимопонимания невозможно прийти к оптимальному разрешению проблемных вопросов». По мнению аналитиков, от глубины и интенсивности участия Узбекистана в региональных и евразийских интеграционных процессах будет зависеть их сбалансированность и успех, а более активная экономическая интеграция Узбекистана с ЕАЭС может стать значимым драйвером инвестиционного и торгового сотрудничества.

Напомним, в конце прошлого года Узбекистан присоединился к ЕАЭС в качестве наблюдателя, а президент страны Шавкат Мирзиёев принял участие в виртуальном саммите объединения. Объясняя логику сближения с союзом, узбекский лидер сказал, что такие шаги «позволят выйти на качественно новый этап практического и многопланового взаимодействия (с ЕАЭС.— “Ъ”), глубже и лучше понимать важные процессы, происходящие в рамках объединения».

Между тем источники “Ъ” в госструктурах РФ говорят, что США и Евросоюз отговаривают Узбекистан от полноценного вступления в ЕАЭС, угрожая ему препятствиями на пути присоединения к Всемирной торговой организации, войти в которую Ташкент стремится с середины 1990-х.
Получить подтверждение этой информации у американских и европейских источников “Ъ” не удалось.

Как бы то ни было, Москва открыто дает понять, что в дальнейшем предпочла бы именно полноценную интеграцию Ташкента в ЕАЭС. На прошедшем 22 июня заседании совместной комиссии на уровне глав правительств РФ и Узбекистана российский премьер Михаил Мишустин заявил, что «полноформатное участие в ЕАЭС даст дополнительные возможности для роста узбекской экономики и ощутимые плюсы для граждан страны».
 
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