According to Fitch, the economy will expand by 6.2 percent in 2021 and growth will maintain strong momentum, averaging 5.7 percent in 2022-2023.

The power lines will transmit the electricity generated by two wind power plants with a capacity of 500 megawatts each.

The EBRD will finance half of a 7.82 million loan euro provided by Uzpromstroybank to local medical producer Samarkand England Eco-Medical.

The World Bank revised up its outlook for the economies of the South Caucasus and Central Asia in 2021, predicting that growth would be stronger than it initially expected, and forecast further acceleration next year.

A $146 million worth project was implemented jointly with the Russian national machine-building company Power Machines in the last three years.

The loan will support policy, regulatory, and institutional reforms needed to create an enabling environment for competitive financial markets in Uzbekistan.

The agreement with the Russian Sovkombank, Gazprombank, Rosselkhozbank, and Asia-Invest bank, which will act as the organisers of the issue of rouble bonds, was reached during an economic forum held in Uzbekistan.