Thursday, 20, June, 2019

Economy

B2Gold, a Canadian gold mining company, will conduct geological survey of three promising gold sites in the Navoi province, the Uzbek Foreign Ministry said in a statement.

The 3rd meeting of the Uzbekistan-UAE Intergovernmental Commission (IGC) for trade, economic and technical cooperation will be held in Tashkent on March 12.

The meeting of the Uzbek-Hungarian Intergovernmental Commission for Economic Cooperation was held in Budapest, during which the parties came to an understanding of the potential for further expanding bilateral cooperation in a number of areas.

The Russian Minister of Economic Development Maxim Oreshkin will visit Uzbekistan on March 7-10. The program of the visit includes a meeting of the working groups of Uzbek-Russian intergovernmental commission with the participation of officials of ministries, agencies, departments and state-owned companies of the two countries.

Uzbekistan has successfully implemented a first wave of significant economic reforms. Initiated by President Mirziyoyev in 2016, the reforms aim to revive an economy that was hobbled by distorting policies, including foreign exchange and trade restrictions, a punishing tax burden, and directed credit. Flagship reforms implemented so far include foreign exchange liberalization, tax reform, and a major upgrade in the quality and availability of economic statistics. Uzbekistan has also taken the lead on regional cooperation, key for promoting regional trade and reconnecting the region’s energy and transportation networks.

Uzbek Foreign Minister Abdulaziz Kamilov held talks with the State Minister for Foreign Affairs of Qatar, Mr. Soltan bin Saad Al-Muraikhi, the Uzbek Foreign Ministry said.

The 9th meeting of the Uzbek-Korean Trade and Economic Cooperation Committee was held on Monday at Tashkent’s International Business Center, which was attended by the Uzbekistan Deputy PM E. Ganiev, Uzbek Minister of Investments and Foreign Trade S. Umurzakov and Minister of Trade, Industry and Energy of the Republic of Korea Mr. Sung Yoon-mo. The meeting was co-organized by the Uzbek Ministries of Investments, Foreign Affairs and the embassies of the two countries.

The 24th session of the Uzbek-British Council on Trade and Industry (UBSTP) is being held these days in Tashkent. attending by over 110 business executives representing more than 60 British companies, the record number in the history of UBSTP.

Today Shavkat Mirziyoyev, as part of his Namangan province trip, familiarized himself with the construction progress at the Turakurgan Thermal Power Plant.

The Ministry of Energy of Uzbekistan and the United States Agency for International Development (USAID) yesterday signed a Memorandum of Understanding (MoU) in Tashkent.