Monday, 19, August, 2019

Business

Uzavtosanoat (Uz Auto Industry) launched production of bicycles and motorcycles in Norin city of Namangan province. The initial annual production capacity is at 150 thousand bicycles and will gradually increase.

UzIkkilamchiRangliMetal (Uz Secondary Non-Ferrous Metal) JSC will launch a plant for production of gel (industrial) batteries, the company said in a statement.

The Uzbekistan-UAE Business Forum and Matchmaking Session took place today in Tashkent. The UAE delegation, led by the senior executives of Dubai ExportS company, included more than 30 executives of 17 companies of construction industry, food, packaging, pharmaceuticals and government institutions.

Uzbekneftegaz has offered the Swiss Bluestone Group to take the Fergana refinery in trust management, Uzbekneftegaz said in a statement.

A new polyethylene wallpaper production unit has been launched at Fargonaazot. Winchemical, a Uzbek-Korean joint venture will produce annually up to 7.8 million units per year. The total project cost is 3.1 million dollars.

Uzbekistan is among the top ten countries in mineral reserves in the world, Azam Kasymkhojaev, first deputy chairman of the Geology Committee said during the Uzbekistan-Sweden business forum in Tashkent.

On February 12, the Minister of Agriculture Jamshid Hodjaev met with the Israeli ambassador and the officials of Gadot Agro, the Ministry said.

The first meeting of the Council of Foreign Investors under the President of Uzbekistan will be held in the first half of 2019, the Podrobno.uz correspondent reports.

Uzbekistan plans to enter the Top -20 countries in the Ease of Doing Business Index of the World Bank by 2022, the presidential decree said.

Construction of the 400 tons ground glass per day capacity production line at Kvarts plant in Fergana was launched with Chinese Shanghai Pony Technology Co. Ltd., UzA said.