Monday, 28, November, 2022

Business

The President Shavkat Mirziyoyev signed the Urgent Measures to Support Textile and Ready-Made Garment Industry Decree on Monday.

The World Bank today announced the 30-month debarment of Uzbekistan-based manufacturing company Mega-Mebiko JV LLC, in connection with fraud as part of the Syrdarya Water Supply Project in Uzbekistan.

The Uzbek-Slovak-Russian JV Chirana Asia for mechanical ventilators and anesthesia machines has been set up in Bektemir district and will launch manufacturing ventilators by the end of May, the Ministry of Innovation Development said.

Since Jan. 1, 2020, into the Tax Code has been inserted the provision on payment of VAT by foreign companies that provide e-services in Uzbekistan.

Retailers are allowed to trade strawberries in Tashkent city makhallas (neighborhoods) during lockdown, the mayor’s office said in a statement.

As of April 1, the exports value of Uzbek textile firms topped US$ 455.9 million, despite the coronavirus pandemic having a serious negative impact on the world trade.

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.