Friday, 22, February, 2019

Economy

Economic growth in Central Asia is expected to moderate in 2018 and 2019, reflecting a need for fiscal consolidation in the region and slower growth in the extractive sector, the European Bank for Reconstruction and Development (EBRD) said.

Delegation of Siemens led by the President for Russia and Central Asia, Alexander Liberov, visited Uzbekistan on October 29-31.

The 14th meeting of the Uzbekistan-Japan economic cooperation committee co-organized by the Uzbek Investments Committee and the Uzbek Embassy to Japan was held in Tokyo.

Shell is eyeing to launch a production unit in Uzbekistan, Uzbekistan 24 reported. According to the company vice-president for CIS, Joanna Kuensnsberg, Shell is encouraged by the reform efforts being undertaken in Uzbekistan and is considering a project of fuel and lubricants production facility.

President Shavakt Mirziyoyev signed a decree approving the privatization of FerganaAzot, the largest manufacturer of nitrogen fertilizers in Uzbekistan.

Turkish Tasaypi and the Uzbekistan Committee for Geology and Mineral Resources on October 25 signed an agreement for the development of two gold deposits in the Samarkand province, the committee said in a statement.

Uzbekistan plans to complete the new 500 kV Surkhon–Pol-i-Khumri transmission line construction project ahead of the schedule by December 2019, Uzbekenergo said.

Uzbek Deputy PM Sukhrob Kholmurodov speaking at the Uzbek-American business forum in Tashkent called on U.S. companies to invest in Uzbekistan’s economy.

Russian Eurocement Group commenced construction of a new US$ 160 million cement plant in Uzbekistan ўт Wednesday. The 3-million-ton capacity plant’s foundation stone was laid at the site of Akhangarancement, with the project to be completed in 2020.

UzAutoSanoat company announced it successfully conducted large-node test assembly of 28 Chevrolet Tracker cars at the Tashkent branch of GM Uzbekistan.