Sunday, 28, April, 2024

Economy

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.

Turkmenistan Industrial Exhibition of and the Uzbekistan-Turkmenistan Business Forum will be held In Tashkent today. These events are held as part of the State visit of President of Turkmenistan Gurbanguly Berdimuhamedov to Uzbekistan.

President Shavkat Mirziyoyev yesterday visited Navoi province, where he visited several ongoing projects, namely NavoiAzot, a company, commissioned in 1964, which now manufactures more than 70 types of products for agriculture, oil and gas, energy and mining industries.

President of Uzbekistan Shavkat Mirziyoyev today attended the opening ceremony of the Kandym gas processing plant in the Bukhara province, the President’s press service said. The plant’s foundation stone laying ceremony took place exactly two years ago, on April 19, 2016, which was also attended by Shavkat Mirziyoyev.

The UK committed £1.25 billion worth of financing for energy projects in Uzbekistan, in a Memorandum signed between the Uzbekistan Fund for Reconstruction and Development (UFRD) and the UK Export Finance (UKEF) in the framework of the first Uzbek–UK Energy Forum, Understanding the Opportunities in a Rising Uzbekistan Economy held in London Wednesday.

President Shavkat Mirziyoyev will visit Bukhara and Navoi provinces Thursday, the press-secretary to the head of state Komil Allamjonov said on his Facebook page.

Japanese industrial giant Kawasaki Heavy Industries is planning to build a gas-to-gasoline (GTG) plant in Uzbekistan to produce gasoline from natural gas, Takhlilnoma (weekly analytical news program - Edit.) on Uzbekistan 24 channel reported.

The value of Uzbekistan's foreign trade amounted to US$7.9 billion in January-March 2018, with exports at US$4.1 billion and imports – US$3.8 billion, and foreign trade balance at US$249.4 million.

To spur trade connectivity between the Central Asian and Baltic markets, the United States Agency for International Development is conducting a horticulture trade mission and study tour to Latvia and Lithuania during the week of April 9-14, 2018. The visit began with an opening ceremony on April 9, in Riga, Latvia.

Afghanistan will supply its products to China through Uzbekistan and Kyrgyzstan via Tashkent-Andijan-Osh-Irkeshtam-Kashgar transport corridor. Agreements on this were achieved during the talks in Tashkent with the Afghan Minister of Transport Mohammad Hamid Tahmasi.

President of Uzbekistan by his April 6 decree created Balik Ishlab Chiqaruvchi (transl. Firsh farming) free economic zone (FEZ) for fish farming in the Kuyichirchik district of the Tashkent province.

Uzbekistan resumed gas supplies to Tajikistan, suspended in 2012, through the Muzrabad-Dushanbe main gas pipeline, Akhborot 24 reported on Saturday.

To fulfill the commitments, promised by Uzbek officials to the President of Afghanistan Mohammad Ashraf Ghani regarding cooperation in the field of Communications and Information technologies at the Tashkent Conference on Afghanistan, the Communications and Information Technology minister of Afghanistan Shahzad Aryobee met with the minister of Telecommunications and Information Technology of Uzbekistan. Azim Akhmedkhadjaev, while Afghan and Uzbek Telecom officials were also present, on Monday, April 2, 2018.

The first power block of the Turakurgan Combined Cycle Power Plant Project will be commissioned in December 2019, UzA said, while the phase II will be put into operation in March 2020. The cost of the project is estimated at US$ 1.195 billion.

Hyundai Engineering & Construction Co., one of South Korea's leading builders, said Tuesday that it has won a US$540 million order to build a power plant in Uzbekistan, Yonhapnew said.

Tajikistan resumed power supply to Uzbekistan as of Sunday, Khovar reported. The transmission line from the Rehar substation in Tajikistan energized the Gulcha substation (Uzbekistan).