Tuesday, 22, October, 2019

Economy

The joint venture Natural Gas-Stream, set up by Uzbekneftegaz and Gas Project Development Central Asia, is investing more than US$ 700 million in gas production in northwest of Uzbekistan.

Uzbekistan produced over 98.78 thousand passenger cars in January-May 2019, which is by 46.7% more to the same period of 2018.

A U.S. Department of Commerce Certified Trade Mission featuring 13 major US companies is visiting Tashkent this week to learn more about the business and investment climate in Uzbekistan, and to meet with top Uzbek government officials, American Chamber of Commerce members, state enterprises and other Uzbek companies.  The certified trade mission fulfills a pledge made by Commerce Department Secretary Wilbur Ross to President Mirziyoyev during his visit to Tashkent last fall.

Uzbekistan Government published a resolution for public consultation on setting up of a joint venture with the French Orano Mining SA for exploration and mining of uranium in the Navoi province.

The President’s draft Additional Measures for Development of Leather, Footwear and Fur Industries and to Stimulate the Manufacture of Import-Substituting and Export-Oriented Products decree has been published for public input.

GM Uzbekistan will launch production of Chevrolet Trailblazer, Chevrolet Equinox and Chevrolet Traverse SUVs (Sport Utility Vehicle) in December 2019, said the head of strategic planning, analytics and development at Uzavtosanoat Rustam Kodirov.

The Foreign Minister Abdulaziz Kamilov today hosted the new Qatari Ambassador Sheikh Hamad Al Khajri (stationed in Tehran).

The Uzbek Investments Minister Sardor Umurzakov held a working meeting devoted to the preparations for the first meeting of the organizing committee for the Tashkent International Investment Forum which is due in October, which was attended by the chiefs and officials of ministries, departments and organizations.

The Kazakh low-cost airline FlyArystan, a wing of Air Astana, will soon hold talks on entering the Uzbek market, the company’s president Peter Foster said.

Novaport, the largest Russian airport development company will modernize three air ports in Uzbekistan. Today, the Government of Uzbekistan and Novaport Holding signed an agreement on the implementation of modernization and development project for Samarkand, Namangan and Urgench airports.