Saturday, 20, October, 2018

Economy

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.

Since April 28, Uzbekistan firms have exported US$ 40 million worth of over 9 thousand tons of sweet cherries, UzbekOziqOvqatHolding (transl. Uzbek Food Holding) said.

President Shavkat Mirziyoyev signed a decree Wednesday reorganizing the Department for Combating Tax, Currency Crimes and Legalization of Criminal Incomes under the General Prosecutor's Office into the Department for Combating Economic Crimes.

1 to 50-ton range Hyundai trucks, intercity and tourist buses, and special vehicles will be assembled in Namangan, UzA reported. The presentation of the project was held on the margins of the meeting of the president of Evergreen Motors Group Kim Chang Kyoung with Namangan province governor Khairullo Bozorov.

Uzbekistan will allocate US$ 57.7 million for electrification of the Marokand-Navoi rail line. The draft presidential Measures to Implement Electrification of the Marokand-Navoi Railway Section Project Decree has been posted on the portal for discussion.

After liberalising its foreign exchange system, Uzbekistan now needs to restructure its entire economy distorted by the decades of strict currency and price controls, Reuters said.

The Uzbek Foreign Trade Ministry signed a number of documents on the margins of the visit of President Shavkat Mirziyoyev to the United States, the ministry said.

Official inauguration ceremony of the new production facility after upgrade of KNAUF Gipsum Bukhara plant was held in Bukhara, which was attended by the Uzbekistan PM Abdulla Aripov, the Managing Partner of the Knauf International Group Manfred Grundke and the German Ambassador to Uzbekistan Günter Overfeld.