Saturday, 31, July, 2021

Business

There’s an old Chinese proverb that goes like this: “The best time to plant a tree was 20 years ago. The second best time is now.”

An open dialogue is scheduled to be held between the President Shavkat Mirziyoyev and business executives in the coming days.

Fitch Ratings assigns Artel Electronics LLC a first-time rating of ‘B’/Stable Outlook. On Monday, Artel Electronics LLC (“Artel”), Central Asia’s leading home appliance and electronics manufacturer and one of Uzbekistan’s largest companies, has received a first-time Fitch rating of ‘B’ with a stable outlook. Artel therefore becomes the first private manufacturing company in Uzbekistan to be assigned a rating from one of the “big three” international rating agencies.

On July 12, Tashkent hosted a ceremony of signing project agreements with Masdar (UAE) for two photovoltaic power plants to be built in Samarkand and Jizzakh provinces, the Ministry of Energy said.

Uzexpocentre has successfully opened its doors to AgroExpo Uzbekistan/Agrotech Expo – the leading international exhibition for agricultural machinery, plant production and animal husbandry in Uzbekistan. AgroExpo Uzbekistan/Agrotech Expo took place from 28 to 30 of June in Tashkent, the capital of Uzbekistan. The event was organized by JSC NEC “Uzexpocentre” and IFWexpo Heidelberg GmbH, Germany.

A fruit and vegetable caravan will depart from Uzbekistan for Kazakhstan. With such outcomes culminated the working trip of the Minister of Trade and Integration of Kazakhstan Bakhyt Sultanov, Forbes Kazakhstan said.

On June 28, an Uzbek-Turkish business forum was held in the capital. The event was attended by the Deputy PM/ Minister of Investments and Foreign Trade S. Umurzakov, the Vice President of Turkey F. Oktay, the Chair of the Council for Foreign Economic Relations (DEIC) N. Olpak and other representatives of ministries, departments and agencies.

On June 23, the Innovation Minister held talks with officials of the Technical Institute of Physics and Chemistry of Xinjiang of the Chinese Academy of Sciences.

AvtoVAZ’s presence in the Uzbek market is quite limited due to UzAuto Motors, the company said. AvtoVAZ will launch assembly of Lada and Renault car components in Uzbekistan within 12 months, the company president Nicolas Maure said.

The next congress of the Chamber of Commerce and Industry On took place on June 16. The congress was attended by the Minister of Justice Ruslanbek Davletov, who spoke about the Business Code, about the analysis of problems in the business-related regulations, and their solution.