Saturday, 23, November, 2024

Economy

Malaysian International Trade and Industry Minister Darell Leiking will visit Uzbekistan. It became known at the meeting of the Uzbek Deputy PM Elyoer Ganiev with the Minister Leiking.

The Uzbekistan Ministry of Employment and Labor Relations and the Ministries of Justice, Foreign Affairs, Health, Labor and Welfare of Japan, as well as the National Police Agency of Japan signed a Memorandum of Cooperation, the Ministry of Labor said.

After 17 long years of growing cotton and vegetables on his farm in Uzbekistan, Abbas has decided to give up farming, a story of Radio Free Europe says.

On December 11, President Shavkat Mirziyoyev chaired a meeting dedicated to the reform progress of companies in which the state holds a stake, the presidential press service said.

The Russian Novaport Holding may be refused a project to modernize and develop the airports of Samarkand, Namangan and Urgench, Kommersant said.

On December 3, a government delegation led by the Minister of Investment and Foreign Trade Sardor Umurzakov hosted a Japanese delegation including the Senior Vice President and Executive Director at Mitsubishi Corporation, Kenji Ota, the Senior Vice President at Mitsubishi Heavy Industries, Kenji Terasawa and Senior Managing Executive Officer at Sumitomo Corporation, Tsutomu Akimoto.

It is planned to increase cotton harvesting by machines to 50% from the total in 2020 in Tashkent, Syrdarya, Jizzakh and Kashkadarya provinces, and by 80% later on, said Nodir Otajonov, adviser to the Prime Minister/Chairman of Uzagrotechsanoatholding.

The joint venture Nurlikum Mining, set up by the French company Orano Mining and the State Committee on Geology and Mineral Resources (GeolCom) of Uzbekistan, will have the annual capacity to produce 1,500 tons of concentrated uranium oxide (U3O8), GeolCom said on Wednesday.

Uzkimyosanoat and the Russian Tatneft signed an agreement on creation of a joint venture at the First Mechanical Rubber Plant (FMRP) in Angren.

UzAutoTrailer and the Russian KAMAZ officially launched the new assembly line in Samarkand. The ceremony was held as part of the working visit of the President of Tatarstan, Rustam Minnikhanov.

The State Tourism Development Committee hosted a meeting with executives of the German Society for International Cooperation (GIZ) in Uzbekistan and experts of Mas Contour (Germany).

At the end of last week, executives of Roca Group, the Spanish sanitary ware manufacturer, visited Bekabad city in Tashkent province.

Uzbekneftegaz and the Azerbaijani state oil company SOCAR are planning to set up a trader JV to supply hydrocarbons from Uzbekistan to Europe, Uzbekneftegaz said.

An interim session of the Foreign Investors Council under the President of Uzbekistan took place on November 20 in Tashkent. The session was organized by the Ministry of Investment and Foreign Trade (MIFT) together with the European Bank for Reconstruction and Development (EBRD), the press service of the MIFT said.

In January-October, Uzbekistan exported US$ 4.04 billion worth of gold, 2.6 times increase compared to 2018, the State Statistics Committee said. While, the gold’s share in Uzbekistan’s exports was at 27.3%.

Passenger cars production in Uzbekistan reached 218,912 thousand in January-October, an increase by 41.8 % compared to 2018, the State Statistics Committee said.

Uzbekistan is on a roll with its economic reforms. This year alone, the country has issued a wildly successful debut Eurobond, kicked off an ambitious privatisation program, lifted restrictions on repatriation of corporate profits and floated its currency, thus eliminating a troublesome dual exchange rate system. 

Total trade value of Uzbekistan in January-October 2019 topped US$ 34.7 billion, a US$ 8.8 billion increase, or by 34.4 % compared to the last year, the State Statistics Committee said in a report.

The Phase II of the of KamAZ trucks production in Uzbekistan is scheduled to be launched on November 25-26. A delegation from Tatarstan will soon travel to Uzbekistan, Farid Nasriev, Consul General of Uzbekistan in Kazan said.

The Senate Deputy chair Sodiq Safoev hosted the delegations of the US Securities and Exchange Commission and Commodity Futures Trading Commission, the Senate said.