Monday, 22, April, 2019

Economy

Uzbekistan has suspended the Jizzakh refinery project, the deputy director of Neftegazinvest Husniddin Turayev said.

The Uzbek Minister of Energy Alisher Sultanov hosted the President of Air Products Corporation (USA), Mr. Seifi Ghasemi, the Ministry said.

Epsilon Development Company (USA) obtained the first gas influx from Talimarjan field, which is part of the Kultak-Kamashi investment block (Karshi district, Kashkadarya province), the company said in a statement.

Uzbekistan-Netherlands agribusiness forum and B2B meeting businesses of the two countries was co-organized on tuesday by the Uzbek Chamber of Commerce and Industry and the Ministry of Agriculture.

President of Uzbekistan Shavkat Mirziyoyev during his Navoi province trip visited Navoiazot joint stock company Tuesday.

B2Gold, a Canadian gold mining company, will conduct geological survey of three promising gold sites in the Navoi province, the Uzbek Foreign Ministry said in a statement.

The 3rd meeting of the Uzbekistan-UAE Intergovernmental Commission (IGC) for trade, economic and technical cooperation will be held in Tashkent on March 12.

The meeting of the Uzbek-Hungarian Intergovernmental Commission for Economic Cooperation was held in Budapest, during which the parties came to an understanding of the potential for further expanding bilateral cooperation in a number of areas.

The Russian Minister of Economic Development Maxim Oreshkin will visit Uzbekistan on March 7-10. The program of the visit includes a meeting of the working groups of Uzbek-Russian intergovernmental commission with the participation of officials of ministries, agencies, departments and state-owned companies of the two countries.

Uzbekistan has successfully implemented a first wave of significant economic reforms. Initiated by President Mirziyoyev in 2016, the reforms aim to revive an economy that was hobbled by distorting policies, including foreign exchange and trade restrictions, a punishing tax burden, and directed credit. Flagship reforms implemented so far include foreign exchange liberalization, tax reform, and a major upgrade in the quality and availability of economic statistics. Uzbekistan has also taken the lead on regional cooperation, key for promoting regional trade and reconnecting the region’s energy and transportation networks.