UzAuto Motors, part of the state-owned Uzavtosanoat Holding, produces Chevrolet cars in an alliance with General Motors.

NMMC, Uzbekistan's main gold producer, accounting for 70 percent of the country's total gold production, said its net profit rose to $716.6 million in 2020.

Tokayev also named a new prime minister and announced measures to instil public confidence in state institutions.

According to Fitch, progress in reducing reliance on public sources of funding and moving towards market-determined financing costs differed across sectors and entities.

Azerbaijan’s Energy Ministry welcomed the decision and is now scheduled to produce 668,000 bpd in February.