Friday, 14, June, 2024

Business

The Ministry of Innovative Development plans to launch the production of mechanical ventilation devices (MVD) together with partners from Russia and Slovakia, the ministry said.

The Coca-Cola Company plans to invest US$ 31 million in 2020-2021to boost the JV in Uzbekistan in which it holds a stake, the Uzbekoziqovqatholding said in a statement.

Turkish Rönesans Holding will invest US$ 4.1 billion in Olmaliq Mining and Metallurgy Plant, as it was agreed during the meeting of the President Shavkat Mirziyoev with Turkish businessmen in Ankara on Thursday, the presidential press service said.

As reported earlier, the Uzbek President Shavkat Mirziyoev, as part of his trip to Turkey, met with the senior executives of Turkish business companies.

Tashkent’s Chorsu hotel was sold for 16.9 billion soums, or US$ 1.7 million to the UAE-based Ittihad International Investment LLC.

Uzbekistan will not review tax reliefs for foreign oil and gas companies provided under production sharing agreements (PSAs), the deputy chairman of the State Tax Committee, Fazliddin Umarov said.

On January 21, the Tashkent city mayor, Jahongir Ortiqhojaev hosted the regional representative of Alshaya Group, Nenji Menhotra.

Investors from the United States and China will build a plant for the production of packaged water, juices and dairy products in Samarkand province.

The Foreign Minister Abdulaziz Kamilov hosted the newly appointed Ambassador Extraordinary and Plenipotentiary of the Kingdom of Spain (stationed in Moscow), Fernando Valderrama Pareja Tuesday.

The Uzbekistan-Italy business forum was held in Tashkent on November 22, as part of a visit by an Italian delegation led by the governor of the Lombardy region.

National Reserve Corporation (NRC) belonging to the Russian businessman Alexander Lebedev plans to create up an agri-food complex in Jizzakh province in 2021, the Government’s draft resolution said.

On November 15 , the Minister of Innovation Development, Ibrohim Abdurakhmonov hosted the Director General of the National Center for the Integrated Processing of Mineral Resources of Kazakhstanm Abdurasul Zharmenov. In the meeting were alos present the international consultant of the Ministry of Innovative Development, Yerbol Suleimenov, heads of department and divisions, the ministry said.

On November 13, President Shavkat Mirziyoyev signed a decree creating the Foreign Investors Council under the President.

Iranian Zagros Airlines has obtained authorization to fly to Uzbekistan on Monday, the Civil Aviation Agency of Uzbekistan said.

The construction of an Uzbek-Chinese pharmaceutical plant, which will specialize in the synthesis of medicinal substances, has commenced in the Navoi Free Economic Zone.

Majid Al Futtaim will open its first Carrefour stores in Uzbekistan, marking the first entry of an international grocery retailer into the Central Asian country.

Uzbekistan undertook four business climate reforms in the past year and earned a spot among the world’s top twenty most improved economies for ease of doing business, the World Bank Group’s Doing Business 2020 study says.

US$ 302.6 million worth of 24 deals were signed at the Kashkadarya Investment Forum, which was held on September 27–28 in Shakhrisabz.

The fourth meeting of the Uzbek-Russian Business Council, held on Tuesday in Tashkent, had its own special status and agenda.

President Shavkat Mirziyoyev visited the Shaffof Omadli Sanoat private enterprise in the Kokand Free Economic Zone (FEZ), where, among other projects, he got acquainted with the electric cars manufacturing project, the presidential press service said.