Monday, 21, September, 2020

Economy

The American Honeywell UOP will provide technologies for the production of Euro-5 standard fuel to the Bukhara oil refinery, Uzbekneftegaz said in a statement.

President Shavkat Mirziyoyev signed the Measures for further efficient use of land resources and state-owned property decree, the Ministry of Justice said.

Khorazm-Shakar and Angren-Shakar sugar factories ceased operations. The representatives of the industry note that the halt in production was preceded by a drop in demand for sugar products of the two factories.

Uzbekistan is included in the UNIDO Competitive Industrial Performance  (–°IP) Index for the first time, the Ministry of Finance said. Uzbekistan ranked 92nd in the updated Index. The CIP Index evaluates and compares industrial competitiveness indicators of 152 countries.

President Shavkat Mirziyoyev today chaired a government meeting, at which were discussed measures to ease doing business in provinces and ensure budget revenues.

President Shavkat Mirziyoyev signed the Additional measures to further develop the competition environment and reduce state participation in the economy decree, which in particular, approved the Competition Development Strategy and Roadmap for its implementation until 2024 inclusive, Uzbekistan 24 reported.

On July 6, Chairman of Uzbekneftegaz Mehriddin Abdullaev and President of South Korean company SK Engineering & Construction Jason Ann signed the engineering services agreement, providing for the development of a Front End Engineering Design (FEED) to modernize the Bukhara oil refinery.

President Shavkat Mirziyoyev signed the Measures to Implement Volkswagen Light Commercial Vehicles Production Project in the Republic of Uzbekistan Decree.

Ministry of Energy of Uzbekistan and Altmax Holding Ltd. belonging to the Russian billionaire Andrei Filatov signed a memorandum for building of a US$1.8 billion 1.5 thousand MW gas-fired thermal power plant, TASS said.

The preparation and signing of the intergovernmental free trade agreement (FTA) between Uzbekistan and South Korea were discussed during the negotiations in a video conferencing between the officials of the two countries.