Tuesday, 24, October, 2017

Economy

President Mirziyoyev signed decree on October 17 liquidating the holding company UzPahtaSanoatExport (Uz Cotton Industry Export).

Uzbekistan is seeking to deepen its strategic partnership with India, as it is planning to export more than 2,000 tonnes of uranium to power a growing number of nuclear plants in India, The Economic Times said.

The largest Uzbek glass bottles manufacturer, Asl Oyna will invest $ 178 million to expand its capacity. The company is intending to triple its production capacity from 200 to 600 million units a year through construction of the third, fourth and fifth glass melting furnaces and a raw materials enrichment plant for glass production. $ 130 million worth of process equipment will be purchased to this end, with at least one thousand new jobs to be created.

Delegation of ExxonMobil is expected to arrive in Uzbekistan either in October or November to sign accords on cooperation in oil and gas projects.

KAMAZ intends to set up assembly of its trucks in Uzbekistan, Uzbek Deputy PM Nodir Otanyonov said yesterday at Uzbekistan-Russia business forum.

Denis Manturov, the Russian Minister of Industry and Trade today arrived in Uzbekistan, the Sputnik News reported. Minister Manturov reportedly met with Uzbek Deputy PM Nodir Otadjonov, Foreign Trade Minister Elyor Ganiev and Defense Minister Abdusalom Azizov, and is attending the Uzbekistan-Russia business forum.

Uzbekistan-Tatarstan business forum held in Tashkent yesterday saw the signing of cooperation agreements in trade, health, tourism and information technologies.

President of LUKOIL Vagit Alekperov and the Prime Minister of Uzbekistan Abdulla Aripov participated in the official launch of new facilities at Gissar cluster of fields in Uzbekistan Saturday.

Uzbekistan and Afghanistan railway authorities met in Termez Satruday to discuss cooperation issues, the Uzbek Foreign Ministry said.

As part of Eurocement group's plant modernization program Akhangarancement launched a 3,500 ton per year refractory brick production plant.