Monday, 18, June, 2018

Economy

President Shavkat Mirziyoyev on Dec. 29, 2017 signed Forecast for main Macroeconomic Figures and Parameters of Uzbekistan’s Budget for 2018 Decree, which envisages cutting from 27 to 5%, or by 5.4 times the excise duty for GM Uzbekistan cars.

President Shavkat Mirziyoyev signed Implementing the HS Nomenclature 2017 Edition Decree, which will come into force from January 1, 2018.

China Railway Tunnel Group has launched the Shargunkumir JSC modernization project, which envisages the increase in the hard coal production up to 900 thous. tons per year, Uzbekistan Railways said.

US$ 10 limit for duty-free personal import of consumer goods from neighboring countries is expected to become a thing of the past in Uzbekistan, a source in the government said.

Starting from January 1, 2018 Uzbekistan has increased excise duty for alcoholic beverages. The new rates were set by the President's Forecasts of main macroeconomic figures and parameters of Uzbekistan's State Budget for 2018 Decree.

Value-added tax (VAT) is expected to be cut in Uzbekistan, with the range of tax payers to be expanded and tax reliefs to be scrapped. This is stated in the December 29 President's decree which approved the main macroeconomic figures and parameters of the 2018 state budget.

The governments of Uzbekistan and Russia signed Agreement on Cooperation In the Field of Peaceful Uses of Nuclear Energy on Friday in Tashkent. On behalf of the Government of Uzbekistan, the document was signed by Deputy PM Nodir Otadjonov, on behalf of the Russian Government - by the Director General of the RosAtom State Corporation, Alexei Likhachev.

Uzbekistan plans to increase exports up to $ 30 billion by 2022, Deputy foreign trade minister Sahib Saifnazarov said Wednesday in a briefing.

The Cabinet of Ministers issued Application and Open Use of World Geodetic Systems in Uzbekistan Resolution Tuesday, the Committee for land resources, geodesy, cartography and state cadaster said.

ToshShaharTransXizmat, a state owned company responsible for Tashkent transport, received 50 MAN A22CNG large capacity (90 passengers) low-floor 12-meter buses, MAN Auto-Uzbekistan said.