Tuesday, 24, April, 2018

Economy

Uzbekistan Railways has laid 29.6 km of the railway line between Urgench and Khiva, the company said. President Shavkat Mirziyoyev in January 2017 set out the task to boost the tourist potential of Khorezm province, pointing to the need to build Urgench to Khiva railway line and a modern rail station in Khiva city thus enabling electric trains movement, and in the future the movement of the Afrosiyob high-speed train.

President Shavkat Mirziyoyev yesterday signed Measures to Further Ensure Food Security in Uzbekistan Decree. The document notes "the existence of serious systemic problems that facilitate the preservation of unhealthy competition, monopolizing by some entities of imports, artificial deficit and facts of unjustified overpricing for some items, which resulted in super profits made on this basis.

On 13 January 2018, JICA Uzbekistan Office and Torishima Pump Mfg. Co. Ltd, as well as Ministry of Agriculture and Water Resources of Uzbekistan conducted handover ceremony of “Double Suction Centrifugal Pump, Torishima Model CDM” pump equipment at the division of pump stations, energy and communications under Chirchik-Ahangaran department of irrigation system (Soylik-1).

President Shavkat Mirziyoyev signed a decree approving the Construction of a Mining and Metallurgical Complex on the basis of the Tebinbulak deposit Project.

In 2017, Uzbekistan exported US$ 13.9 billion worth of goods and services, 5.4% increase compared to 2016, with US$ 945.5 million worth of trade surplus.

Uzbekistan and Tajikistan have reached agreements on visa relations and on the most controversial section of the state boundary - the Farhad Dam, a source in the government said.

Uzbekistan in 2017 reduced petroleum production by 6.3% down to 806 Mt, and increased natural gas production up to 56.417 Bcm, or a 0.5% increase compared to 2016, statistics committee said.

The size of Uzbekistan’s shadow economy is estimated at over 50% of GDP, the first deputy economy minister Mubin Mirzayev said at International Press Club meeting Thursday.

In Uzbekistan, the concepts: "consumer basket" and "minimum subsistence level", as well as the criteria for their measuring, may be introduced. This is proposed in the draft 2018 State Program which has been posted for public consultation. It is planned to implement the initiative before July 1.

Uzbekistan will purchase 5,778 units of agromachineries in the first half-year of 2018. President Shavkat Mirziyoyev on 4 January signed Additional Measures to Further Enhance Equipedness of Agriculture With Machineries Decree.