Wednesday, 19, September, 2018

Business

The Swiss Tanotrade AG will build a plant for manufacture of electrical products - NukusElectroApparat in Nukus. The total cost of the project, due to be completed in the end of August this year, is $ 8 million. The Swiss company will invest about 80% and the local partner, ToshElectroApparat - 20%.

A mission of MEDEF International, made up of about 30 business executives of companies, visited Tashkent from 31 May to 2 June 2017, and the mission concluded with concrete and positive results.

Highlighting an increase in coffee consumption across Central Asia and the South Caucasus, Russian coffee shop brand Shokoladnitsa said that it was working on a deal to open its first cafes in Uzbekistan and Georgia.

President Mirziyoyev signed resolution on May 26 converting JSC UzTadbirkorExport (Uz Entrepreneur Export) into a specialized foreign trade company, UzTrade.

A MEDEF International delegation including 27 business executives of French companies will visit Tashkent from 31 May to 2 June 2017. The mission is led by Mr. Christophe FONTAINE, Director General of "Identité” and a member of the Executive Committee of Oberthur Technologies and head of the Uzbekistan-France Business Council of MEDEF International.

On May 29, a delegation of the European Investment Bank led by Vice-President Vasil Hudak arrived in Tashkent, a statement of the Uzbek Foreign Ministry said.

Starting from June 1, 2017 economic entities will be able to export their own production (with the exception of fresh produce, grapes, melons, and a number of raw materials) for foreign currency without prepayment, letter of credit, bank guarantee and export contract insurance policy from political and commercial risks, according to the May 25 "On measures to further stimulate export and raise competitiveness of Uzbek goods in foreign markets" decree signed  by President Shavkat Mirziyoyev.

The project of the CCI and UNDP ‘Business Forum of Uzbekistan (Phase-III)’ launches a new component to expand legal and economic opportunities for the development of women's entrepreneurships in Uzbekistan.

Uzbekistan-Turkey Business Forum was attended by Uzbek Deputy PM Rustam Azimov as well as representatives of Uzbek government and enterprises and guests were represented by Deputy PM Tuğrul Türkeş, Economy Minister Nihat Zeybekçi, Minister of Culture and Tourism Nabi Avci and a strong Turkish businesses delegation.

On May 12-13 in Shymkent city of South Kazakhstan province was held a maiden goods exhibition of Tashkent enterprises, a source in Tashkent mayor’s office said.