Friday, 21, February, 2020

Economy

Thank you to the American-Uzbekistan Chamber of Commerce for organizing this event. And congratulations on the rapid expansion of your membership to more than three times as many members today as you had three years ago. That reflects the growing commercial partnership between our countries.

The State Statistics Committee has reported on the volume of production of vehicles in January-September. In particular, the production of passenger cars topped 186,432, while in 2018 - 132,774, recording a 40.4 percent increase.

Uzbekistan exported US$ 3.98 billion worth gold in January-September this year. the State Statistics Committee said in a report.

President Shavkat Mirziyoyev during a trip to Surkhandarya province attended the commissioning of a cement plant owned by the foreign-owned Surkhoncementinvest in Djarkurgan district, the presidential press service said.

Japanese Itochu and Marubeni have shown interest in participating in the modernization of Uzbekistan’s gas transmission system (GTS), the Ministry of Energy said.

On October 17, the State Acceptance Commission signed the Facilities Acceptance Act of the Kandym gas processing plant in the Bukhara province. This marked the completion of the construction of the plant and the utilities & offsite, the Ministry of Energy said.

The World Gold Council has published a list of the largest gold holders in September 2019, in which Uzbekistan 325.7 tons of gold reserves holds 17th spot.

The Royal Dutch Shell's subsidiary, Shell Catalysts & Technologies and Surhan Gas Chemical Operating Company of Uzbekistan signed the process license agreement providing for building a 5 BCM natural gas throughput capacity gas processing plant in Uzbekistan.

The rates of import duties on confectionery and chocolate will be raised in Uzbekistan starting from January 1, 2020. This is provided for by Oct. 2 presidential decree.

The World Bank has published an economic survey on Migration and Brain Drain in Europe and Central Asia. The document notes that the main risk for Uzbekistan is the prospect of turbulence in the global economy.