Saturday, 01, October, 2022

Business

Indian SUN Group and international IFG Capital are planning to invest US$ 300 million in the extraction and development of tungsten deposits in Uzbekistan, IFG Capital said in a statement.

The Indian Beta Drugs signed a memorandum on setting up of a oncology drugs production joint venture in Uzbekistan with local partners, Gazeta.uz said.

Uzbekistan will set up a shoe manufacturing unit with Belarus in 2019, Nikolay Martynov DG of Marco, a Belarussian leather and footwear company said yesterday on STV television channel.

About 500 Uzbek and Belarusian business executives, officials of ministries and departments attended the Uzbekistan-Belarus business forum and the matchmaking session, the Ministry of Foreign Trade told the Tashkent Times.

The Overseas Private Investment Corporation (OPIC) under the US government is resuming activity in Uzbekistan. This statement was made during the meeting of the OPIC Executive Vice President D. Bohigian and  the Uzbek Senate vice-chairman Sodiq Safoev.

Uzbekistan and Tajikistan firms signed US$ 103.3 million worth of 11 deals at a business forum in Tashkent on August 16, the Uzbek Ministry of Foreign Trade said.

The Andijan province governor’s office signed an agreement on intentions with Belarussian JSC Motovelozavod on setting up of a bicycles production joint venture in Andijan, the company said.

President signed the Measures to Totally Improve the Investment Climate in Uzbekistan Decree according to which, Uzbekistan has enacted a procedure according to which starting from August 1 investors will be compensated the losses incurred, relying on a decision of a state body, which was afterwards recognized as invalid or void.

President Mirziyoyev signed the Measures to Totally Improve the Investment Climate in Uzbekistan Decree, which will simplify the setting up of enterprises with foreign investment.

The U.S. Business Week is to be held in autumn, with the U.S. Ambassador at Large for International Religious Freedom Samuel Dale Brownback will be visiting Uzbekistan in September.

Jizzakh International Investment Forum will be held from August 29 to 30. The forum is co-organized by the Committee for Investments and the Jizzakh province governor’s office.

President Shavkat Mirziyoyev signed a decree Friday aimed at improving Uzbekistan ranking in the annual Ease Of Doing Business index by World Bank.

The opening ceremony of Uzbekistan-Bulgaria trading house was held in Sofia Thursday, the Foreign Trade Ministry said. The ceremony was timed with the visit in Bulgaria of a Uzbek government delegation led by Deputy Prime Minister Nodir Otajonov.

President Shavkat Mirziyoyev signed a decree Tuesday setting up Bukhoro-Agro free economic zone (FEZ) in Bukhara province. The FEZ is expected to host local and foreign investment-based high-end greenhouse, as well as facilities for production of structures, equipment and other components for energy-efficient greenhouses. 

Geoinnovation Center under the Committee for Land Resources and Chinese drone manufacturer BShark Holdings Ltd signed a Memorandum on Cooperation for the development of unmanned technologies in Uzbekistan.

Turkmen President Gurbanguly Berdymuhamedov hosted the First Deputy PM of Uzbekistan, Chairman of Uzbekistan Railways, Ochilboy Ramatov.

President Shavkat Mirziyoyev during his visit to Olmazor district last year gave instructions to realize projects at former Tashkent toy factory. Shavkar Mirziyoyev visited the factory again and familiarized himself with the implemented projects.

TVEL, the fuel subsidiary of Rosatom shipped nuclear fuel to Uzbekistan. According to the fuel company of Rosatom, fuel was shipped to the VVR-SM research reactor of the Institute of Nuclear Physics (INP) of the Academy of Sciences of Uzbekistan.

On June 19 - 20, Tashkent will host Uzbekistan-Spain business forum: Multilateral Partnership, co-organized by the Uzbek Committee for Investments, the Institute of Foreign Trade of Spain (ICEX) and the Trade and Economic Department of the Embassy of Spain, the committee said.

Special exhibition and business forum for ecofriendly technologies, Green Ecology Technologies Central Asia - GETCA-2018 will kick off on June 5 for the first time in Uzbekistan within the framework of the Central Asian International Environmental Forum, co-organized by the OSCE Project Coordinator and Kongress-service, the Uzbek environment protection committee said.