Wednesday, 21, August, 2019

Business

The Italian-American Fiat Chrysler Automobiles (FCA) is considering launching three models in Uzbekistan. Uzbekistan 24 channel reported citing the FCA vice president, Youssef Hadjas.

For the first time, JPMorgan Chase Bank and Asaka Bank signed a 36.4 million euros export credit line agreement in Moscow on August 8. The loan shall be re-paid within 7 years through the insurance coverage by the Chinese export credit agency Sinosure.

The initial price of the government’s share in the Uzbekistan Hotel put up for sale was cut by 10% due to lack of bids, the State Assets Management Agency said.

The German GP Günter Papenburg AG and the Uzbek state-owned unitary enterprise Transyulqurilish (owning 70% and 30% of the shares respectively) signed agreement for a joint venture, Papenburg Uzbekistan, for manufacturing of asphalt-concrete mixtures, ready-made concrete products, and performing construction and installation works, with the total authorized capital of 5.7 million euros, the draft government decree said.

A working meeting was held at the Uzbekistan Ministry of Transport with the delegation of the French-Italian aircraft manufacturer ATR, headed by Vice President for Sales Europe-Russia, Jérôme Gabory, the Ministry said.

The fifth meeting of the Uzbek-Turkish Intergovernmental Commission for Trade and Economic Cooperation and the Uzbekistan-Turkey Business Forum took place on July 22 to 23 in Ankara, the Foreign Ministry said.

Forward-TH Sports plant is being built in the Andijan province, which will produce balls for FIFA and UEFA world tournaments. This was discussed at a meeting between the Uzbek Ambassador in Pakistan, Furkat Sidiqov with the owner of the Forward Group, Khawaja Masood Akhtar Monday, the Uzbek Foreign Ministry said in a statement.

The first IT park in Uzbekistan will open on July 24, the ITs Development Ministry, which the actual founder of the park said. It will be located in the Mirzo-Ulugbek district, at the Al-Khwarizmi school near Tashkent Inha University.

The first Tatneft gas station was inaugurated in Urtachirchik district of Tashkent province, Uzbekneftegaz said. The multi-fuel station is located on the 5th km of the Tashkent-Nurafshon highway. Аi-95, Аи-92 gasoline and diesel fuel by TANECO - the oil refining complex of the Tatneft group, Uzbekistan-made AI-80 gasoline in, as well as methane will be available at the gas station.

Uzbekistan and Afghanistan signed US$ 68 million worth of 25 export contracts and a memorandum of cooperation to supply oil and gas products to Afghanistan at the Uzbekistan-Afghanistan Business Forum and Matchmaking Session on Monday, the Uzbek Ministry for Investment said in a statement.