Friday, 29, March, 2024

Economy

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.

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.

22nd edition of Global Oil & Gas Uzbekistan/OGU 2018 International Exhibition and Conference series the flagship events of Uzbekistan's oil and gas industry will be held on May 16-18 in Tashkent.

UzbekEnergo and General Electric (GE), as part of the official visit of Uzbek President Shavkat Mirziyoyev to the United States, signed several deals expanding cooperation in the field energy, GE said.

The eighth meeting of the Intergovernmental Commission on Economic Cooperation between Uzbekistan and Georgia was held in Tbilisi.

Uzbekistan and Georgia will hold the eighth meeting of the intergovernmental commission on economic cooperation in Tbilisi on May 14-15, 2018, the press service of the Uzbek Foreign Ministry reported.

Uzbekistan is prepared to privatize its state airline but will keep full control of its lucrative gold mines and oil firm, Reuters said.

Uzbekistan has implemented the recommendations of the Enhanced General Data Dissemination System (e-GDDS) by publishing critical macroeconomic and financial data through the National Summary Data Page (NSDP).

During his trip to Namangan province Shavkat Mirziyoyev chaired a meeting with local authorities, ministers, heads of agencies and other officials in Norin district Wednesday.

Uzbek Committee for Geology and Mineral Resources and the General Directorate for Mineral Research and Exploration of the Turkish Ministry of Energy and Natural Resources reached an agreement on joint geological exploration of the Khurob and Aydim-Jetimtau gold ore deposits, as well as the Sarytau ore deposit, the committee reported.

Russian Export Center (REC) will provide US$ 141 million for construction of a metallurgical plant in the south of Tashkent, RIA Novosti reported citing the chief of the REC representative office in Uzbekistan Dmitry Prokhorenko.