Monday, 22, April, 2019

Economy

Tax collections in Q1 2019 topped 18.4 trillion soums, which is by 1.7 times more than in 2018, the Tax Committee said in a statement.

The US$ 553 million Bukhara refinery modernization project will be launched in 2020, Uzbekistan 24 reported. After project completion, the refinery will have the capacity to process an annual 2.5 million tons of oil and gas condensate, thereby producing 1.2 million tons of Euro 5 standard gasoline, 200 thousand tons of aviation kerosene, 750 thousand tons of diesel fuel and 30 thousand tons fuel oil.

Uzbekistan plans to export 80 tons of gold in 2019, the Central Bank said in a statement. Uzbekistan reprotedly exported 70 tons of gold in 2018, while 80 tons a year earlier.

Power outages cost Uzbekistan economy US$ 6 billion annually, the Deputy Minister of Energy Sherzod Hujaev said at a briefing with reference to the Asian Development Bank.

Epsilon Development has increased natural gas production and is about to expand the gas pipeline infrastructure in Uzbekistan.

The new hydropower plant was built on the Tuyabogiz reservoir in the Uratchirchik district of the Tashkent province. The project, developed by JSC Hydroproject, was launched in July 2017, Xalq So’zi newspaper reported.

Uzbek Ambassador Nabijon Kasimov yesterday met with the Minister of Industry and Trade of the Czech Republic Marta Novakova in Prague, the Uzbekistan Foreign Ministry said.

Uzatom agency and the French Assystem will consider the possibility of creating an engineering JV, the Ministry of Energy said.

According to the March 18 amendments and addenda to the government decisions, the government will stop regulating the prices of two items, the Justice Ministry said.

Last year's trade turnover between the Central Asian countries topped US$ 12.2 billion, a 35% increase compared to 2017, Uzbek Deputy PM in charge of investments and foreign economic relations, Elyor Ganiyev announced at the first Central Asian Economic Forum on Friday in Tashkent.