Friday, 18, January, 2019

Economy

President Shavkat Mirziyoyev signed the Creation of Andijan-Pharm Free Economic Zone Decree. The free economic zone (FEZ) is being set up in the Andijan district of the Andijan province, with the validity term of 30 years and possibility of extension, the decree says.

When you run a large landlocked central Asian state rich in uranium and with big economic ambitions, what do you do? You build a nuclear power plant. 

Uzbekistan-Germany Business Forum, organized by the Uzbek Investments Committee , was held yesterday in Berlin ahead of Shavkat Mirziyoyev’s visit to Germany.

The Uzbekistan Ministry of Economy has been reorganized into the Ministry of Economy and Industry. This is provided for by the President’s Measures to Fundamentally Improve the System for Implementing the Economic Policies Decree.

The Economic Council has been formed in Uzbekistan for implementation of the Uzbekistan Reforms Road Map for 2019-2021.

Uzbekistan is planning to buy two Talgo-250 high-speed trains and four economy-class cars, as part move to improve quality of rail transportation and passenger service.

Experts and consultants of Deutsche Bahn, the largest railway operator in the EU, will help Uzbekistan Railways to draft its development strategy, the first deputy chairman of the Uzbek Investments Committee, Laziz Kudratov said at a meeting of the International Press Club on Wednesday.

A separate state anti-monopoly body is planned to be created in Uzbekistan through splitting the current State Committee for Assistance to Privatized Enterprises and the Development of Competition into several bodies, the draft 2019 State Program proposed.

President Nursultan Nazarbayev of Kazakhstan proposed the creation of an international centre of boundary cooperation with Uzbekistan.

The two-way trade between Uzbekistan and Belarus in January-November 2018 surpassed US$ 145 million, a 28.5% increase compared to the same period in 2017.