Monday, 19, August, 2019

Economy

300−350 thousand cubic meter a day of gas influx was obtained from the exploration well No. 7 of the Uchtepa field, Uzbekneftegaz said.

President Mirziyoyev signed the Additional Measures for Timely Delivery of Agricultural Sector with Agricultural Machinery Decree, which inter alia, stipulated the sale of large state-owned agricultural machinery manufacturing plants.

The next meeting of the Uzbek-Austrian Intergovernmental Commission on Trade and Economic Cooperation will take place on April 9, 2019 in Tashkent.

On April 4, 2019, a Memorandum of Cooperation was signed between the International Aerospace Committee (IAC) and the Uzbek Digital Trust Fund, which envisages extending cooperation, as well as information sharing, the National Project Management Agency said.

Uzbekistan will help Afghanistan for its textile industry recovery. This is provided for in the memorandum of cooperation on rehabilitation of the Afghan textile industry in, which was signed recently in Kabul, Uztekstilsanoat said in a statement.

Economic growth in the Europe and Central Asia region slowed to 3.1% in 2018, and is projected to decline to 2.1% in 2019, amid slowing global growth and uncertain prospects, according to the World Bank’s Economic Update for Europe and Central Asia, released today.

Uzbekistan plans to sell controlling stakes in six enterprises that are part of the Uzkimyosanoat (transl. Uz Chemical Industry) JSC to investors, including foreign ones. This is stated in the April 3 presidential decree.

The meeting of the Uzbek-Tajik Intergovernmental Commission for Trade and Economic Cooperation was held in the city of Termez, which chaired by the Prime Ministers of Uzbekistan Abdulla Aripov and Tajikistan Kohir Rasulzoda.

Tax collections in Q1 2019 topped 18.4 trillion soums, which is by 1.7 times more than in 2018, the Tax Committee said in a statement.

The US$ 553 million Bukhara refinery modernization project will be launched in 2020, Uzbekistan 24 reported. After project completion, the refinery will have the capacity to process an annual 2.5 million tons of oil and gas condensate, thereby producing 1.2 million tons of Euro 5 standard gasoline, 200 thousand tons of aviation kerosene, 750 thousand tons of diesel fuel and 30 thousand tons fuel oil.