The International Airport in Samarkand saw a 47% increase in passenger traffic in 1H2024, reaching 647,000 units.

https://kun.uz/en/news/2024/07/10/samarkand-airport-sees-nearly-50-surge-in-passenger-traffic-in-h1-2024

Deflation in July reached 0.28% or an annualized inflation of 10.5%.

https://stat.uz/en/press-center/news-of-committee/55599-consumer-price-of-index-in-the-republic-of-uzbekistan-july-2024

The price ceiling for LNG and CNG in Uzbekistan has expired and autogas filling stations can now set prices themselves, which led to a 13-44% increase.

https://www.gazeta.uz/ru/2024/08/01/metan-propan/

License car plate numbers sold through the auctions at UzRTSB (URTS) increased three times in 1H2024 up to 426.2bln UZS.

https://www.spot.uz/ru/2024/07/31/car-plates/

IFC placed another round of UZS-denominated bonds in London for 250bln UZS/$20mln equivalent with maturity date in April 2030.

https://www.linkedin.com/posts/ifc-treasury_localcurrency-offshorebond-capitalmarkets-activity-7224449327417499649-Ys92?utm_source=share&utm_medium=member_desktop

After IMF's reassessment, Uzbekistan's GDP for 2023 increased by 12%, reaching $101.6bln.

https://m.akipress.com/news:788102:Uzbekistan_s_GDP_passes_$100_billion_after_shadow_economy_reassessment/

In 1H2024, the population of Uzbekistan increased by 334k, reaching 37.13mln people. Death rate, however, was also the highest compared to 1H of the last 9 years.

https://www.gazeta.uz/ru/2024/08/01/demography/

Overview of monetary policy by the Central Bank. Real GDP growth in 1H2024 reached 6.4%. Inflation rose by 2.6% in the same period and by 10.6% in June, primarily driven by increased electricity and gas tariffs. Money transfers totaled $6.5bln which is a 25% y-o-y increase. Local currency bank deposits constituted 80% of total deposits, with term deposits in the local currency growing by 5.2 times over the past four years. This growth is anticipated to continue in the near future due to rising population incomes and an expected inflation decline.

Total bank credit allocated in the first half of 2024 amounted to 127trln UZS, reflecting a 9.5% increase. According to the report, inflation is set to reach 9% and real GDP growth is expected to range between 5.7% and 6.2% in 2024.

https://cbu.uz/upload/iblock/f08/s0f1mahhbd3ehgai2voybzltwoiqyxys/Pul_kredit-siyesati-sharhi-_-2024-yil-II-chorak.pdf

Overview:
- Uzbekistan Mortgage Refinancing Company JSC (UzMRC) attracted a $45mln loan from the IFC;
- Kvarts JSC (KVTS) attracted a $8mln loan from Asakabank JSCB;

Weekend Reading: Diyora Keldiroyorova's 52kg gold medal is historic, as she became the first Olympic champion for Uzbekistan in judo and the first female gold medallist in summer Olympics.

https://olympics.com/en/news/paris-2024-olympics-diyora-keldiyorova-first-uzbekistan-woman-to-win-judo-olympic-gold

Bi-weekly overview of stock exchange trading and news.

Uzbekistan became one of the two main buyers of gold in June together with India buying 9 tons.

https://www.spot.uz/ru/2024/08/02/gold-balance/

In 1H2024, the volume of issued car loans in Uzbekistan equaled 8.9trln UZS - two times less than 1H2023.

https://uz.kursiv.media/2024-08-03/v-uzbekistane-obem-avtokreditovaniya-upal-vdvoe/

The flow of foreign tourists to Uzbekistan may reach 10mln people by 2024. In 1H2024, 3.5mln tourists visited Uzbekistan - 13.3% more than 1H2023.

https://uz.kursiv.media/2024-08-04/potok-turistov-v-uzbekistan-mozhet-dostich-10-mln-chelovek/

In 7M2024, the state budget deficit of Uzbekistan reached 36.4trln UZS. The pace of deficit growth slowed to 2.5tlrn UZS in July.

https://www.gazeta.uz/ru/2024/08/06/budget-deficit/

The new law now recognizes rights to land plots illegally seized by citizens before May 1, 2018. There are currently 3.6mln+ land plots in the country for which legal documents are incomplete.

https://www.gazeta.uz/ru/2024/08/06/lands/