Sunday, 17, February, 2019

Economy

President Shavkat Mirziyoyev during a trip to Kashkadarya on Thursday familiarized himself with the construction process of the Uzbekistan GTL plant in Shurtan, the presidential press service said.

The Government has approved the feasibility study for the propane-butane mixtures production units modernization project at the Mubarek Gas Processing Plant (MGPP).

2.3 million tons of cotton were harvested in Uzbekistan in 2018, Shavkat Mirziyoyev noted in his congratulatory message to agricultural workers.

Kyrgyzstan delegation led by Minister of Economy Oleg Pankratov paid a working visit to Tashkent between November 28 - December 1, the Uzbek Ministry of Foreign Trade reported.

The Ukraine’s Interdepartmental International Trade Commission (IITC) at its Monday meeting decided to stop the anti-subsidiary investigation regarding the import of new passenger cars originating from Uzbekistan, the Ministry of Economic Development and Trade of Ukraine (MEDT) reported.

Draft Uzbekistan’s Hydropower Industry Development Concept for 2020-2024 has been published for public consultation.

The Government of Uzbekistan announced the agenda for the next phase of its bold and ambitious reforms. The Reform Roadmap, revealed today, outlines the Government’s economic reform priorities over the next three years (2019-2021).

President Shavkat Mirziyoyev signed a decree Thursday stimulating the export potential of domestic manufacturers. According to the document, as of January 1, legal entities who export over 15% of the total revenue from the sale of goods (works, services), including via an agent (confidant), shall see their taxable base for corporate income tax reduced by the amount of revenue made from exports of goods (works, services), as well as the single tax payment by the amount of export of goods (works, services).

The natural gas production volume in Uzbekistan is expected to surpass 61 billion cubic meters (BCM) by the year-end, a 5.2 BCM increase to 2017, according to Uzbekneftegaz.

President Shavkat Mirziyoyev signed the Measures to Fundamentally Improve Uzbekistan’s Civil Aviation Decree, Uzbekistan Airways said.