Monday, 18, June, 2018

Economy

Mercedes-Benz is in the process of building out hubs for the production of electric vehicles and batteries around the globe. Markus Schäfer, Member of the Divisional Board of Mercedes-Benz Cars, Production and Supply Chain said that Mercedes-Benz will build its electric vehicles in six plants on three continents.

The Government of Uzbekistan issued the Measures to Implement Modern Forms of Cotton and Textile Production Resolution.

Shavkat Mirziyoyev held a government meeting devoted to the results of geological exploration and production by UzbekNeftegaz. He underscored that the natural gas and oil production plan for 2017 was not fulfilled due to failure to achieve growth in reserves and that only 77% of planned drilling works were completed.

Recent statements by Uzbek officials have indicated a renewed interest in joining the World Trade Organization (WTO), the intergovernmental body responsible for regulating international trade and ensuring the smooth flow of trade across borders.

Big gas condensate reserves were discovered in the Lower Surgil of the Ustyurt plateau in Karakalpakstan, Uzbekneftegaz reported. The company said that Uzbekneftegazwidened the search areas for hydrocarbons in the bowels of the Ustyurt plateau.

Construction of new plant cement commenced in Namangan's Pap district. According to UzA, the foundation laying ceremony of the Uzbek-Chinese-UAE joint venture PopCement took place in Pap on Monday.

President Shavkat Mirziyoyev by the January 22 decree approved the Agreement between the Governments of Uzbekistan and Russia on cooperation in the field of using atomic energy for peaceful purposes.

Uzbekistan, Kyrgyzstan and China will hold a tripartite meeting on implementation of the Agreement on International Highway Service. According to the Uzbek Foreign Ministry, the meeting will be held in Tashkent on January 24-25. The agreement was signed between the governments of Uzbekistan, Kyrgyzstan and China on on 19 February 1998!


Delegations of the Ministry of Transport of China, the Ministry of Transport and Roads of the Kyrgyz Republic and the Uzbek Agency for Automobile and River Transport will attend the meeting.

Bilateral Uzbek-Kyrgyz and Uzbek-Chinese meetings on international highway service issues will be held on the eve of the meeting, the ministry added.

Delegation of Georgia Parliament of headed by the Chairman Irakli Kobakhidze arrived in Uzbekistan on Sunday on an official visit. Members of the Georgian delegation began their trip with a visit to the Investments Committee, Jahon reported.

President Shavkat Mirziyoyev arrived in Surkhandarya province to familiarize himself with the progress of social and economic reforms and the fulfillment of previously set tasks, the President’s press service reported.