Azerbaijani President, Armenian PM to hold peace talks in Abu Dhabi on 10th July
Azerbaijani President Ilham Aliyev will meet with Armenian Prime Minister Nikol Pashinyan as part of the ongoing peace process between the two countri...
S&P Global Ratings has revised Uzbekistan’s outlook to positive from stable, affirming its 'BB-/B' ratings. The change reflects steady economic reforms, resilient growth, and support from high gold prices, which are helping stabilize the country’s fiscal and external positions.
S&P Global Ratings upgraded Uzbekistan’s outlook to positive, citing ongoing structural reforms, robust domestic demand, and high gold prices as key factors boosting growth and fiscal stability. The agency affirmed the country's 'BB-/B' long- and short-term sovereign credit ratings.
Uzbekistan’s economy is projected to grow by 5.6% on average through 2028, driven by government-led investment, labor remittances, and energy sector reforms. Plans to gradually increase energy tariffs and reduce subsidies are expected to lower the fiscal deficit from 4.9% of GDP in 2023 to around 3% over the medium term.
Rising gold exports are enhancing fiscal revenues and foreign exchange reserves. While public debt is increasing due to infrastructure spending, it is expected to remain manageable, reaching 34% of GDP by 2028.
However, risks remain due to centralized governance, dependence on commodity exports, and exposure to external shocks.
S&P noted that continued reforms and efforts to strengthen fiscal discipline could lead to a rating upgrade. Conversely, slower growth or rising deficits may stabilize the outlook.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
European Commission President Ursula von der Leyen urged stronger sanctions and defence support for Ukraine as the EU's 18th sanctions package against Russia nears approval.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
Archaeologists have uncovered a 3,500-year-old city in northern Peru that likely served as a key trade hub connecting ancient coastal, Andean, and Amazonian cultures.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
Azerbaijani President Ilham Aliyev will meet with Armenian Prime Minister Nikol Pashinyan as part of the ongoing peace process between the two countries, the President’s press service announced. Pashinyan’s spokesperson confirmed that the PM will travel to the United Arab Emirates on Wednesday.
Energy integration between Azerbaijan and Europe, along with opportunities to increase gas supplies was discussed during Energy Minister Parviz Shahbazov’s visit to Slovenia, at the invitation of Minister of Environment, Climate and Energy Bojan Kumer.
Türkiye’s foreign and defence ministers will travel to Pakistan on Wednesday to meet Prime Minister Shehbaz Sharif for talks on bilateral relations and defence cooperation, a Turkish diplomatic source said.
Kazakhstan will seek to protect its national interests in talks with the United States after receiving notice of new import tariffs due to take effect from 1 August, its trade ministry said on Tuesday.
Another Russian Transport Ministry official has died on Monday. Andrey Korneichuk, 42, who worked for the Federal Agency for Rail Transport, passed away amid news about the alleged suicide of former Russian Transport Minister Roman Starovoit.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment