Tuesday, 16, October, 2018

Economy

The European Union and the Republic of Uzbekistan held their 15th Cooperation Committee Meeting in Brussels. The meeting provided an opportunity to reaffirm the joint commitment of the EU and of Uzbekistan to further strengthen bilateral relations.

Prospects for possible production of electric vehicles in Uzbekistan were discussed at a meeting of Uzbek deputy innovations minister Atabek Nazirov with the officials of the Changan Automobile, the ministry said.

President of Uzbekistan Shavkat Mirziyoyev signed the Measures to Further Develop Jizzakh Battery Plant Decree. According to the document, 51% of shares of the Jizzakh battery plant will be put for sale to foreign investors.

Uzbekistan plans to launch the production of motorcycles Lifan (China) and Bajaj (India) brands. The plant for the former will be built in Namangan province, the latter in Navoi province, a source in Uzautosanoat (Uz Auto Industry, the state-owned automobile company) said.

Azerbaijan Airlines (AZAL) launch direct flights between Baku and Tashkent starting from June 30, 2018. According to the carrier, flights will be operated on Saturdays, from August 1 - twice a week on Wednesdays and Saturdays.

Uzbekistan delegation led by Foreign trade minister Jamshid Khodjaev will be visiting Belgium from June 5 to 8, to attend the 15th meeting of the Uzbekistan-EU Cooperation Committee and the 13th meeting of the Subcommittee on Economy, Trade and Investment.

Uzbekistan car making industry will be heading away from monopoly, Umidjan Salimov, chairman of Uzavtosanoat, said at a press conference in Tashkent on Thursday.

The first nuclear power plant in Uzbekistan may be built in Navoi province [in the west of Uzbekistan], said the general director of the state nuclear energy corporation Rosatom Alexei Likhachev.

In the coming decade, the main obstacle for Uzbekistan’s economic development will be the excess in manpower, the economy minister Botir Khodjaev said speaking at a conference devoted to Uzbekistan's Development Strategy in Tashkent Monday.

On the margins of the St. Petersburg Economic Forum, Uzbekneftegaz signed Addendum with Gazprom on continuing gas production at the Shakhpakhty field until 2024, Gazprom said in a statement.