Sunday, 19, August, 2018

Economy

Uzbekistan and Russia agreed to build a nuclear power plant (NPP) in Uzbekistan’s Navoi province. Uzbek Ambassador to Russia Bakhrom Ashrafkhanov told RIA Novosti.

Uzbek Deputy PM/Minister of Finance Jamshid Kuchkarov hosted the visiting World Bank mission, the ministry said. The parties reportedly discussed state and technical aspects of reforming Uzbekistan’s tax system and considered prospects for medium-term technical assistance to Uzbekistan in the field of fiscal policy.

"Now it is the best time to start doing business in Uzbekistan," said Laziz Kudratov, the first deputy chairman of the Uzbek Committee for Investments, in his opening remarks at the Uzbekistan-Spain forum: Multifaceted Partnership, which kicked off Tuesday at the Wyndham Hotel, and which was co-organized by the committee, Spanish Export and Investment Agency ICEX and the Economic and Trade Department of the Spanish Embassy in Tashkent, PR branch of the committee. 

Oybek Mirzabekov has been appointed as new chairman of the board of Uzsanoatexport (transl. Uz Industry Export), which was created in 2015 through merger of Markazsanoateksport and Uzprommashimpeks.

Delegation of Hyundai Motor Group led by President Han Sung-Kwon will arrive in Tashkent on Tuesday, the Uzbek Foreign Ministry said. The program of the visit includes meetings and talks in the government of Uzbekistan, Uzavtosanoat , as well as a number of ministries and departments.

In Minsk, the Uzbek Chamber of Commerce and Industry (UCCI) and the Belarusian Chamber of Commerce and Industry (BCCI) co-organized a round table featuring the business executives of the two countries. The 15 agency and company strong Uzbekistan delegation led by the UCCI chairman Adham Ikramov met with executives of about 130 Belarusian companies in petrochemical, light and food industries, agriculture, pharmaceuticals, logistics, engineering and ICT.

The Cabinet of Ministers’ draft resolution approving the procedure for setting the minimum consumer basket and subsistence minimum was published for public consultation. The requirement to introduce the said concepts is stipulated by the state program "Year of Proactive Entrepreneurship, Innovative Ideas And Technologies".

President of Uzbekistan issued decree Thursday allowing sale of gold and silver bullions, weighing from 5 to 1000 g which are to be produced in a new plant at the Navoi Mining and Metallurgical Complex as of the spring of 2019, the Committee for Tourism Development said in a statement.

The European Union and the Republic of Uzbekistan held their 15th Cooperation Committee Meeting in Brussels. The meeting provided an opportunity to reaffirm the joint commitment of the EU and of Uzbekistan to further strengthen bilateral relations.

Prospects for possible production of electric vehicles in Uzbekistan were discussed at a meeting of Uzbek deputy innovations minister Atabek Nazirov with the officials of the Changan Automobile, the ministry said.