Friday, 22, February, 2019

Economy

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.

Almalyk Mining and Metallurgical Complex (AMMC) plans to build a new copper processing plant, the plant said. The TOMS Research and Design Institute (Russia) will develop a project for the new factory, which is scheduled to be commissioned before 2022.

The Government of Uzbekistan has approved the main technical and economic parameters of the feasibility study of the Modernization of the Foundry Capacities through Construction of a new foundry at JSC UzbekKimyoMash Plant Project.

Shavkat Mirziyoyev signed the Macroeconomic Figures and Parameters of the State Budget for 2019 and Budget Guidelines for 2020–2021 Decree scrapping the tax waivers provided for General Motors Uzbekistan, SamAuto and JV MAN Auto-Uzbekistan, save for the value added tax (VAT).

Uzbekistan intends to change the structure of textile production and increase exports up to US$ 7 billion by 2025, UzTextil Sanoat (transl. UzTextileIndustry) Association said.

The Cabinet of Ministers issued resolution ordering the hand-over of the Uzbekistan Railways’ stake in UzbeKo’mir (transl. UzbekCoal) state-owned company in the amount of 45% to Progress Gor Tech, a Russian company for trust management, the Uzbek Ministry of Justice said.