Friday, 04, December, 2020

Economy

On July 21, Deputy PM Sardor Umurzakov held talks with the Chinese Ambassador Jiang Yan via videoconference, during which the parties touched upon bilateral cooperation in countering the pandemic, as well as a number of investment, trade and transport related issues.

143,455 passenger cars were manufactured in Uzbekistan in January-June 2020, which is by 23,450 to the same period last year, the State Statistics Committee said in a report.

On July 20, President Shavkat Mirziyoyev signed the Additional measures to support individuals, restaurant, trade and services businesses to mitigate the negative impact of the coronavirus pandemic decree.

The American Honeywell UOP will provide technologies for the production of Euro-5 standard fuel to the Bukhara oil refinery, Uzbekneftegaz said in a statement.

President Shavkat Mirziyoyev signed the Measures for further efficient use of land resources and state-owned property decree, the Ministry of Justice said.

Khorazm-Shakar and Angren-Shakar sugar factories ceased operations. The representatives of the industry note that the halt in production was preceded by a drop in demand for sugar products of the two factories.

Uzbekistan is included in the UNIDO Competitive Industrial Performance  (СIP) Index for the first time, the Ministry of Finance said. Uzbekistan ranked 92nd in the updated Index. The CIP Index evaluates and compares industrial competitiveness indicators of 152 countries.

President Shavkat Mirziyoyev today chaired a government meeting, at which were discussed measures to ease doing business in provinces and ensure budget revenues.

President Shavkat Mirziyoyev signed the Additional measures to further develop the competition environment and reduce state participation in the economy decree, which in particular, approved the Competition Development Strategy and Roadmap for its implementation until 2024 inclusive, Uzbekistan 24 reported.

On July 6, Chairman of Uzbekneftegaz Mehriddin Abdullaev and President of South Korean company SK Engineering & Construction Jason Ann signed the engineering services agreement, providing for the development of a Front End Engineering Design (FEED) to modernize the Bukhara oil refinery.