Tuesday, 21, August, 2018

Economy

Uzbekistan jumped 19 places from 118th in 2016 to 99th in the 2018 edition of the World Bank's Logistics Performance Index (LPI) published every two years.

IFG Capital Partners has signed an agreement with the State Committee of the Republic of Uzbekistan on Geology and Mineral Resources (Committee for Geology) to conduct a feasibility study on the Yakhton tungsten deposit development in Samarkand region of Uzbekistan.

The seventh meeting of the Uzbek-Vietnamese intergovernmental commission for trade, economic, scientific and technical cooperation was held in Tashkent Monday, the Uzbek foreign trade ministry said.

Uzbekistan and Afghanistan are planning to sign an agreement on free trade. "The parties are currently drafting the deal, which provides for the exemption from customs duties of Afghan goods, as well as pre-emption of other trade restrictions," an official of the Ministry of Foreign Trade told The Tashkent Times.

“More foreign airlines will be flying to Uzbekistan, which will lessen the load on Uzbekistan Airways and increase the tourists’ inflow”, Frist Deputy PM Achilbay Ramatov said at the opening of the renovated terminal at Nukus airport. The Nukus airport now has the pre-flight control, with increased number of check-in counters and passenger throughput reaching 400 people per hour.

NeftegazGazQazibChiqarish, the subsidiary of UzbekNeftegaz, has commissioned the new Sharqiy Suzma field and launched the new gas pipeline.

Afghanistan's power grid will be connected to the unified energy system of Uzbekistan and the Central Asia. This was stated during the conference: Realities and Proxpects of the Electricity Sector Reforms– Experience Gained, Lessons Learned and Myths Debunked, co-organized by Uzbekenergo and the Asian Development Bank back in June.

President Shavkat Mirziyoyev held a government meeting yesterday devoted to the launching of Uzbekistan’s nuclear power program, the presidential press service reported.

Inauguration ceremony of the Swiss high-tech Metal Processing LLC plant will be held in Tashkent on July 12, UzTekstilSanoat (trransl. Uz Textile Industry) reported.

On July 12, the first meeting of the Common platform for open discussion of investment proposals of foreign and local investors will be held at the Crystal ballroom of the International hotel. co-organized by the committee for investments and the Business Ombudsman.