Monday, 18, June, 2018

Economy

Turkmenistan Industrial Exhibition of and the Uzbekistan-Turkmenistan Business Forum will be held In Tashkent today. These events are held as part of the State visit of President of Turkmenistan Gurbanguly Berdimuhamedov to Uzbekistan.

President Shavkat Mirziyoyev yesterday visited Navoi province, where he visited several ongoing projects, namely NavoiAzot, a company, commissioned in 1964, which now manufactures more than 70 types of products for agriculture, oil and gas, energy and mining industries.

President of Uzbekistan Shavkat Mirziyoyev today attended the opening ceremony of the Kandym gas processing plant in the Bukhara province, the President’s press service said. The plant’s foundation stone laying ceremony took place exactly two years ago, on April 19, 2016, which was also attended by Shavkat Mirziyoyev.

The UK committed £1.25 billion worth of financing for energy projects in Uzbekistan, in a Memorandum signed between the Uzbekistan Fund for Reconstruction and Development (UFRD) and the UK Export Finance (UKEF) in the framework of the first Uzbek–UK Energy Forum, Understanding the Opportunities in a Rising Uzbekistan Economy held in London Wednesday.

President Shavkat Mirziyoyev will visit Bukhara and Navoi provinces Thursday, the press-secretary to the head of state Komil Allamjonov said on his Facebook page.

Japanese industrial giant Kawasaki Heavy Industries is planning to build a gas-to-gasoline (GTG) plant in Uzbekistan to produce gasoline from natural gas, Takhlilnoma (weekly analytical news program - Edit.) on Uzbekistan 24 channel reported.

The value of Uzbekistan's foreign trade amounted to US$7.9 billion in January-March 2018, with exports at US$4.1 billion and imports – US$3.8 billion, and foreign trade balance at US$249.4 million.

To spur trade connectivity between the Central Asian and Baltic markets, the United States Agency for International Development is conducting a horticulture trade mission and study tour to Latvia and Lithuania during the week of April 9-14, 2018. The visit began with an opening ceremony on April 9, in Riga, Latvia.

Afghanistan will supply its products to China through Uzbekistan and Kyrgyzstan via Tashkent-Andijan-Osh-Irkeshtam-Kashgar transport corridor. Agreements on this were achieved during the talks in Tashkent with the Afghan Minister of Transport Mohammad Hamid Tahmasi.

President of Uzbekistan by his April 6 decree created Balik Ishlab Chiqaruvchi (transl. Firsh farming) free economic zone (FEZ) for fish farming in the Kuyichirchik district of the Tashkent province.