Sunday, 12, July, 2020

Economy

Turkish Rönesans Holding will build a copper processing plant and a complex for production of rolled metal in Tashkent province.

President Shavkat Mirziyoyev signed decree abolishing state regulation of prices, as well as the production plan and mandatory sale for cotton starting from the 2020 harvest.

The project - Uzbekistan Peugeot Citroёn Automotive (UzPCA) automobile plant has been officially closed, Uzautosanoat said.

Uzbekistan authorities has signed more than $2 billion worth of strategic agreements with Saudi developer ACWA Power to boost electricity generation and develop technical expertise, the energy ministry said on Thursday.

As reported earlier, the 2020 State Program was approved, which in particular included an item on setting up of transport and logistics joint ventures and dry ports in Uzbekistan, specializing in cargo and air transportation, and attracting the major global transportation companies.

Volkswagen will launch car production in Jizzakh province and will start manufacturing two versions of Volkswagen Caddy as early as in 2020.

UzAuto Motors will temporarily suspend car sales due to the conduct of inventory check, the company said in a statement.

The Uzbek Ministry of Transport intends to support projects on digitalization and logistics optimization for the Europe-Caucasus-Asia TRACECA transport corridor, the ministry said.

Since March 1, Uzbekistan Airways has temporarily suspended regular flights to Tokyo, Seoul and Rome due to outbreaks of coronavirus in Japan and Italy, the company said in a statement.

Rosgeology plans to set up a subsidiary in Uzbekistan as part of the assessment of the hydrocarbon potential and digitalization of the resource base management, the State Committee for Geology and Mineral Resources said.