Friday, 22, February, 2019

Economy

The mayors of Tashkent and Shanghai signed a memorandum of cooperation in Shanghai. The document foresees a number of measures aimed at expanding cooperation between the two cities for 2017-2019, Jahon news agency reported.

Uzbekistan intends to reduce imports by over $ 1.1 billion in 2017. The representatives of the Ministry of Economy at a press conference in Tashkent on Tuesday stated that this would be achieved through reorientation to local goods and boosting import-substitution.

Shayana Farm, a company with Indian capital, launches its subsidiary, Well Med Farm, which will produce medicines in Tashkent.

The high-speed rail link between Tashkent and Almaty will be launched on March 22. The first service from Almaty, operated by Kazakhstan Temir Zholy (transl. Rail Way) company, will arrive in Tashkent at about 12:50, a source in KTZ representative office said. The travel will take 16 hours.

The delegation of the Samarkand province, headed by the governor Khimmat Okbutayev, is paying an official visit to Bashkortostan (Russia), BashInform news agency reported. The main purpose of the visit is to expand trade and economic cooperation with Bashkortostan and increase the trade turnover, the representative of the Russian Foreign Ministry in Ufa, Venier Galiakbarov said.

In 2017-2019 General Electric (GE) plans to implement 13 projects in Uzbekistan totaling US $388 million, comprising projects  for manufacture of a wide range of industrial equipment and home appliances.

The Uzbek Chamber of Commerce and Industry is considering the issue of holding Uzbekistan-Kazakhstan business forum in Astana in March 2017, on the eve of the upcoming state visit of the Uzbek President to Kazakhstan.

The khokim (governor) of Tashkent province, Shukurullo Babayev departed for St. Petersburg to participate in the St. Petersburg Partnership of Small and Medium Business. On Monday Babayev met with the governor of St. Petersburg, Georgiy Poltavchenko.

A delegation of businesses and farmers of Namangan province visited Italy, Jahon News agency reported. During the visit, the delegation familiarized with the experience of the Italian partners.

The governor of Samarkand province, Himmat Okbutayev on March 12 departed on a working visit to Tatarstan (Russia). At Kazan international airport he was recived by the Prime Minister of Tatarstan, Ildar Khalikov, a statement of Tatarstan government said.