Friday, 22, February, 2019

Economy

Uzbek Government is committed to making investment in Uzbekistan easier, Sukhrob Kholmuradov, Deputy Prime Minister of Uzbekistan stated while addressing the Uzbekistan-India Business Forum in New Delhi yesterday.

President of Uzbekistan Shavkat Mirziyoyev, accompanied by the Tajik President Emomali Rahmon, visited the TALCO state unitary enterprise in Tursunzade, Tajikistan on Thursday, the presidential press service reported.

Asian Development Bank (ADB) has lowered its economic growth forecast for Uzbekistan in 2018 down to 4.9 percent from 5.5 percent projected previously due to the long-term impact of the Uzbek soum devaluation, the bank said.

Shavkat Mirziyoyev signed a decree on 18 September creating the Termez Free Economic Zone (FEZ), aimed at further development of trade-economic and transport-logistics ties with the neighboring countries, in particular with the Islamic Republic of Afghanistan, Xalq So’zi (People's Word) newspaper said.

Tashkent’s UzExpoCentre will host the 24th edition of the annual Tashkent International Tourism Fair - Tourism on the Silk Road 2018 from October 3-5, the Tourism development committee chief Bakhtiyor Umarov said at a press conference Monday.

In eight months of 2018, 351 buses were manufactured in Uzbekistan, or a 40 % decrease to the same period last year, 583, the State Statistics Committee said.

ONGC Videsh Limited (OVL), the international arm of India's largest state oil and gas corporation ONGC, is interested in geological exploration in Uzbekistan, Uzbekneftegaz reported.

President Shavkat Mirziyoyev and President Alexander Lukashenko inaugurated Amkodor-Agrotechmash joint venture, set up at the Tashkent plant of agricultural machineries.

U.S. Assistant Secretary of State for Economy and Business Brian McFithers and Jan Sheridan of the Bureau of Economic and Business Affairs (EB) will pay a working visit to Uzbekistan on September 12-14.

As of September 10, GM Uzbekistan has stopped making sale contracts for GM Captiva, the company's said in a statement. The decision is in line with GM’s global strategy which is aimed at renewing the model range.