Monday, 27, September, 2021

Economy

The Pakistani Prime Min­­ister Imran Khan on Wednesday assured Uzbe­kis­tan of complete facilitation in access to Pakistani ports.

The President Shavkat Mirziyoyev signed the Measures to implement investment projects "Construction of a 240 MW capacity combined cycle power plant with a and a 230 MW capacity gas piston power plant in Tashkent province" and "Construction of a 270 MW capacity gas piston power plant in Bukhara province Decree”, Norma said.

The Minsk Automobile Plant (MAZ) will launch an assembly production of its chassis in Uzbekistan, the company said. The decision to launch this production unit was made at a meeting of the General Director of MAZ Valery Ivankovich with representatives of the Uzbek company Krantas LLC.

Kitco ranked the world's biggest gold mines by production in 2020. The ranking below was developed on the basis of 2020 (calendar year) production figures reported by companies and preliminary estimates for Muruntau. Gold output is in thousand ounces (koz).

Uzbekistan was ranked as the sixth largest cotton manufacturers in the world, according to the Research and Market's annual report.

Shavkat Mirziyoyev signed the Additional measures to further develop the electrical industry and increase the competitiveness of domestic products decree.

Project deals for two wind farms in Peshku and Gijduvon districts of Bukhara province were approved by the Feb. 23 presidential decrees.

The Uzbek Embassy in Beijing organized an online Uzbek-Chinese business forum. According to the Embassy, the event featured a major presentation on Uzbekistan’s large deposits of precious metals and rare minerals.

On February 23, the Deputy Transport Minister Jasurbek Choriev hosted the Airbus Group Vice President for Eastern Europe and Central Asia Jacques Garrigue and discussed the ties and perspective plans of cooperation, the Ministry of Transport said.

Moody's Investors Service says in a new report that the structural reforms that the Government of Uzbekistan (B1 stable) has undertaken since 2016 have addressed many inefficiencies in the economy, but the most difficult reforms, which carry significant political and execution risk, are still ahead.