Friday, 22, February, 2019

Business

Nordic telecoms operator Telia said on Wednesday it had sold its stake in Uzbekistan’s Ucell for $215 million on a debt-free basis, as part of its strategy to exit its Eurasian businesses.

Iranian Zarin Taj Mahan Industry Group will set up 20 million euro yarn production facility in Uzbekistan, Uzbekistan 24 reported.

Business Women Association “Tadbirkor Ayol” (BWA) with the support of the World Bank and other development partners, including the EU Delegation in Uzbekistan, Embassies of the United States and Switzerland organized a workshop designed to discuss challenges and innovative solutions to facilitate rural women’s entrepreneurship.

South Korean Sejin G&E Co. Ltd will install 12 units of new modern generators and auxiliary equipment that generate electricity from landfill gas (methane) at the Akhangaran and Maidontol municipal waste sites in Tashkent province with the total capacity of at least 16 MW.

Elevating the two-way trade up to US$ 1 billion was one of the gaols of the Government of UzbekistanBakhodir Abdullayev, the Uzbek Ambassador to Iran, said at a meeting with Iranian business executives on Monday in Arak, Markazi province, Mehr News reported.

Uzbekistan undertook three business reforms in 2017-2018 and occupied the 76th position among 190 economies ranked in the World Bank Group’s Doing Business 2019: Training for Reform report released today. Last year Uzbekistan had climbed 13 positions to 74th, and was among ten best improvers.

President Shavkat Mirziyoyev signed a decree facilitating export of goods and services via the Internet. Now the export of goods and services with ceiling of US$ 5 thousand via the Internet with payment made over money transfer systems per invoice does not require entering into a written contract with customers.

South Korean GS Engineering & Construction Corp. will launch the methanol-to-gasoline (MTG) unit in 2022 in Uzbekistan.

Uzbekistan and US firms today signed US$ 2.5 billion 13 deals at the annual business forum in Tashkent, the chair of the American-Uzbek Chamber of Commerce Carolyn Lamm said.

The Cabinet of Ministers issued a resolution on this September 16 handing over the state share’s in the authorized capital of UzIkkilamchiRangliMet for trust management to SFI Management Group, a foreign company, the company said in a statement.