Monday, 21, September, 2020

Business

Uzbek exporters will be compensated air and road transportation costы, it follows from the decree of the President Shavkat Mirziyoyev.

The President Shavkat Mirziyoyev signed the Urgent Measures to Support Textile and Ready-Made Garment Industry Decree on Monday.

The World Bank today announced the 30-month debarment of Uzbekistan-based manufacturing company Mega-Mebiko JV LLC, in connection with fraud as part of the Syrdarya Water Supply Project in Uzbekistan.

The Uzbek-Slovak-Russian JV Chirana Asia for mechanical ventilators and anesthesia machines has been set up in Bektemir district and will launch manufacturing ventilators by the end of May, the Ministry of Innovation Development said.

Since Jan. 1, 2020, into the Tax Code has been inserted the provision on payment of VAT by foreign companies that provide e-services in Uzbekistan.

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.