Monday, 19, August, 2019

Economy

The Uzbek Investments Minister Sardor Umurzakov held a working meeting devoted to the preparations for the first meeting of the organizing committee for the Tashkent International Investment Forum which is due in October, which was attended by the chiefs and officials of ministries, departments and organizations.

The Kazakh low-cost airline FlyArystan, a wing of Air Astana, will soon hold talks on entering the Uzbek market, the company’s president Peter Foster said.

Novaport, the largest Russian airport development company will modernize three air ports in Uzbekistan. Today, the Government of Uzbekistan and Novaport Holding signed an agreement on the implementation of modernization and development project for Samarkand, Namangan and Urgench airports.

Uzbekistan Railways has built a new Surkhanobod station in Surkhondaryo province on the border with Turkmenistan to increase the volume of transit traffic and for railcars maintenance and repair, the company said.

GM Uzbekistan resumed R4 and R2 models supplies to Ukraine on May 23. As reported earlıer, the company export cars to Kyrgyzstan, Belarus, Afghanistan and Tajikistan. Also, the assembly of GM cars is set up at the SaryarkaAvtoProm plant in Kostanay, Kazakhstan.

On May 23, 2019, the Ambassador of Uzbekistan to Israel, Said Rustamov, met with Michal Levy Senior Vice President, Agriculture Innovation, Ministry of Agriculture of Israel.

From this year onwards, food prices in Uzbekistan will be floated, UzA said. Najmiddin Mirabdullaev, the head at a department of the Farms Council said that producers suffer from artificially lower prices.

Uzbekistan plans to split up its state energy company amid efforts to boost efficiency, improve transparency, and attract foreign capital.

Uzbekneftegaz and Russian Tatneft have signed an agreement on exploration at the Pritashkent investment block. The document was signed on the sidelines of the 23rd "Oil and Gas of Uzbekistan - OGU-2019 International Exhibition and Conference in Tashkent. The agreement provides for the expansion of the partnership in the field of geological exploration in the Pritashkent investment block.

The eighth meeting of the Uzbek-Swiss Intergovernmental Commission on Trade and Economic Cooperation was held in Tashkent on 17 May. It was attended by over 25 officials of Swiss ministries and agencies, as well as companies and banks.