Monday, 21, September, 2020

Economy

Turkish Aksa Energy is investing in the 240 MW combined cycle gas power plant project in Tashkent. The project is to be implemented based on the agreement with the Ministry of Energy of Uzbekistan, Dunyo reported.

A meeting of the Ministry of Energy and Uzbekneftegaz JSC took place at the construction site of the GTL plant in Kashkadarya province under the chairmanship of the Minister Alisher Sultanov.

“At the moment, the Uzbek labor market is under tremendous pressure due to an increase in the number of unemployed. Nearly 400 thousand enterprises temporarily ceased operations or reduced their activity due to coronavirus. Due to the country’s closing, about 150 thousand people lost their jobs, while about 498 thousand returned to Uzbekistan, labor migrants who returned now have no permanent income, more than 200 thousand families are now living below the poverty line,” said First Deputy Minister of Employment and Labor Relations Erkin Mukhitdinov.

Uzbekneftegaz and LUKOIL signed a new Memorandum of Understanding in Tashkent. The intention of cooperation in the field of joint exploration and production OF oil and gas in Uzbekistan is secured by the signatures of the Chairman of the Board of Uzbekneftegaz M. Abdullaev and the Director General of LUKOIL Uzbekistan Operating Company S. Gurzhiy (on behalf of LUKOIL).

President Shavkat Mirziyoyev held a meeting on May 28 to discuss priorities in ensuring a competitive environment in the economy and protecting consumer rights, the presidential press service said.

The Uzbekistan Ministry of Electricity has commenced drafting Uzbekistan’s low-carbon electricty strategy. The document will reflect the transition to the production of electricity with low greenhouse gas emissions.

President Shavkat Mirziyoyev instructed to push the privatization of about 1,400 state-owned assets, the presidential press service said in a statement. The privatization program is to be approved by the Cabinet of Ministers.

President Shavkat Mirziyoyev chaired a video conference meeting, where he, in particular, spoke about the reasons why major investors are not willing to invest in Uzbekistan.

The unemployment rate in Uzbekistan in Q1 topped 9.4%, the Liberal Democratic Party said in the Legislative Chamber of the Oliy Majlis Tuesday.

President Shavkat Mirziyoyev signed the Next Measures to Support Households and Business during Coronavirus Pandemic Decree.