Friday, 22, November, 2024

Economy

Delegation of Hyundai Motor Group led by President Han Sung-Kwon will arrive in Tashkent on Tuesday, the Uzbek Foreign Ministry said. The program of the visit includes meetings and talks in the government of Uzbekistan, Uzavtosanoat , as well as a number of ministries and departments.

In Minsk, the Uzbek Chamber of Commerce and Industry (UCCI) and the Belarusian Chamber of Commerce and Industry (BCCI) co-organized a round table featuring the business executives of the two countries. The 15 agency and company strong Uzbekistan delegation led by the UCCI chairman Adham Ikramov met with executives of about 130 Belarusian companies in petrochemical, light and food industries, agriculture, pharmaceuticals, logistics, engineering and ICT.

The Cabinet of Ministers’ draft resolution approving the procedure for setting the minimum consumer basket and subsistence minimum was published for public consultation. The requirement to introduce the said concepts is stipulated by the state program "Year of Proactive Entrepreneurship, Innovative Ideas And Technologies".

President of Uzbekistan issued decree Thursday allowing sale of gold and silver bullions, weighing from 5 to 1000 g which are to be produced in a new plant at the Navoi Mining and Metallurgical Complex as of the spring of 2019, the Committee for Tourism Development said in a statement.

The European Union and the Republic of Uzbekistan held their 15th Cooperation Committee Meeting in Brussels. The meeting provided an opportunity to reaffirm the joint commitment of the EU and of Uzbekistan to further strengthen bilateral relations.

Prospects for possible production of electric vehicles in Uzbekistan were discussed at a meeting of Uzbek deputy innovations minister Atabek Nazirov with the officials of the Changan Automobile, the ministry said.

President of Uzbekistan Shavkat Mirziyoyev signed the Measures to Further Develop Jizzakh Battery Plant Decree. According to the document, 51% of shares of the Jizzakh battery plant will be put for sale to foreign investors.

Uzbekistan plans to launch the production of motorcycles Lifan (China) and Bajaj (India) brands. The plant for the former will be built in Namangan province, the latter in Navoi province, a source in Uzautosanoat (Uz Auto Industry, the state-owned automobile company) said.

Azerbaijan Airlines (AZAL) launch direct flights between Baku and Tashkent starting from June 30, 2018. According to the carrier, flights will be operated on Saturdays, from August 1 - twice a week on Wednesdays and Saturdays.

Uzbekistan delegation led by Foreign trade minister Jamshid Khodjaev will be visiting Belgium from June 5 to 8, to attend the 15th meeting of the Uzbekistan-EU Cooperation Committee and the 13th meeting of the Subcommittee on Economy, Trade and Investment.

Uzbekistan car making industry will be heading away from monopoly, Umidjan Salimov, chairman of Uzavtosanoat, said at a press conference in Tashkent on Thursday.

The first nuclear power plant in Uzbekistan may be built in Navoi province [in the west of Uzbekistan], said the general director of the state nuclear energy corporation Rosatom Alexei Likhachev.

In the coming decade, the main obstacle for Uzbekistan’s economic development will be the excess in manpower, the economy minister Botir Khodjaev said speaking at a conference devoted to Uzbekistan's Development Strategy in Tashkent Monday.

On the margins of the St. Petersburg Economic Forum, Uzbekneftegaz signed Addendum with Gazprom on continuing gas production at the Shakhpakhty field until 2024, Gazprom said in a statement.

Since April 28, Uzbekistan firms have exported US$ 40 million worth of over 9 thousand tons of sweet cherries, UzbekOziqOvqatHolding (transl. Uzbek Food Holding) said.

President Shavkat Mirziyoyev signed a decree Wednesday reorganizing the Department for Combating Tax, Currency Crimes and Legalization of Criminal Incomes under the General Prosecutor's Office into the Department for Combating Economic Crimes.

1 to 50-ton range Hyundai trucks, intercity and tourist buses, and special vehicles will be assembled in Namangan, UzA reported. The presentation of the project was held on the margins of the meeting of the president of Evergreen Motors Group Kim Chang Kyoung with Namangan province governor Khairullo Bozorov.

Uzbekistan will allocate US$ 57.7 million for electrification of the Marokand-Navoi rail line. The draft presidential Measures to Implement Electrification of the Marokand-Navoi Railway Section Project Decree has been posted on the portal for discussion.

After liberalising its foreign exchange system, Uzbekistan now needs to restructure its entire economy distorted by the decades of strict currency and price controls, Reuters said.

The Uzbek Foreign Trade Ministry signed a number of documents on the margins of the visit of President Shavkat Mirziyoyev to the United States, the ministry said.