Sunday, 12, July, 2020

Business

Retailers are allowed to trade strawberries in Tashkent city makhallas (neighborhoods) during lockdown, the mayor’s office said in a statement.

As of April 1, the exports value of Uzbek textile firms topped US$ 455.9 million, despite the coronavirus pandemic having a serious negative impact on the world trade.

The Ministry of Innovative Development plans to launch the production of mechanical ventilation devices (MVD) together with partners from Russia and Slovakia, the ministry said.

The Coca-Cola Company plans to invest US$ 31 million in 2020-2021to boost the JV in Uzbekistan in which it holds a stake, the Uzbekoziqovqatholding said in a statement.

Turkish Rönesans Holding will invest US$ 4.1 billion in Olmaliq Mining and Metallurgy Plant, as it was agreed during the meeting of the President Shavkat Mirziyoev with Turkish businessmen in Ankara on Thursday, the presidential press service said.

As reported earlier, the Uzbek President Shavkat Mirziyoev, as part of his trip to Turkey, met with the senior executives of Turkish business companies.

Tashkent’s Chorsu hotel was sold for 16.9 billion soums, or US$ 1.7 million to the UAE-based Ittihad International Investment LLC.

Uzbekistan will not review tax reliefs for foreign oil and gas companies provided under production sharing agreements (PSAs), the deputy chairman of the State Tax Committee, Fazliddin Umarov said.

On January 21, the Tashkent city mayor, Jahongir Ortiqhojaev hosted the regional representative of Alshaya Group, Nenji Menhotra.

Investors from the United States and China will build a plant for the production of packaged water, juices and dairy products in Samarkand province.