Monday, 18, June, 2018

Business

The French multinational company Thales International, that designs and builds electrical systems and provides services for the aerospace, defence, transportation and security markets, intends to partner with Uzbekistan in the development and production of satellites and satellite equipment, Takhlilnoma (weekly analytical news program - Edit.) on Uzbekistan 24 channel reported.

President Shavkat Mirziyoyev yesterday signed a decree creating Sirdaryo free economic zone (FEZ). The decree aimed “comprehensive and rational use of the Syrdarya province’s production and resource potential, creating new jobs and increasing the income of households”.

Quartz, a glass manufacturer, reported completing a successful maiden IPO in Uzbekistan. Over 4.5 million of Quartz shares went public on December 5, 2017, with shares sold by auction method at the highest bid price, with only 0.05% of the total amount of shares sold to one single investor.

Uzbek-Iranian trading house was inaugurated today in Iran as part of the visit of the Uzbekistan delegation led by Uzbek Foreign Trade Ministry Jamshid Khodzhaev to the Islamic Republic of Iran, the ministry reported.

The Foreign Trade Ministry of Uzbekistan held a second round of talks with the officials of the Ministry of Economy and Customs of the Republic of Turkey to discuss the draft Agreement on preferential trade between the two states.

Chamber of commerce and industry of Uzbekistan and the Total Media Solutions (Pvt) Ltd on Tuesday announced the establishment of the Pak-Uzbek Business Council aimed at providing a platform to the business communities of both the countries to boost trade, investment, cultural and tourism relations and opportunities. To this effect, a memorandum for mutual cooperation and enhancement of business opportunities was signed here in Uzbekistan Embassy in the presence of Center for Global & Strategic Studies (CGSS).

The President draft resolution of the  of Uzbekistan "On measures to further Improve trade activities and customs-tariff regulation in Uzbekistan Decree was published for public discussion.

The government of Uzbekistan and Veolia group of companies (France), a global leader in water management, waste management, transport and energy services, signed Memorandums of Cooperation (MoC) for implementing projects in Namangan and Tashkent, UzA said. The accords were signed following the visit of the Veolia delegation led by Vice President for Central and Eastern Europe Malika Genduri.

President Mirziyoyev by his March 24 decree cancelled the mandatory pre-shipment inspection of goods imported into Uzbekistan. The document is aimed at "further liberalization of foreign trade, creation of equal and favorable conditions for businesses, as well as removal of unnecessary barriers in trading activities."

Kinstellar, Emerging Europe and Central Asia’s leading independent law firm, opened a new office in Tashkent, Uzbekistan.