Saturday, 01, October, 2022

Business

Delegation of UzEltechSanoat (transl. Uz Electrical Technical Industry) visited Egypt. The executives of Uzeltehsanoat were hosted by the First Deputy Minister of Trade and Industry of Egypt Ahmed Anter, Jahon reported.

Uzbekistan and Tajikistan will set up a joint business council, Adham Ikramov the chairman of the Uzbek Chamber of Commerce and Industry announced on Tuesday in Tashkent.

The Minister of State of Road Transport, Highways and Shipping, Chemicals and Fertilizers of India Mansukh Mandaviya will visit Uzbekistan from February 21 to 23, as the head of a pharmaceutical delegation, which aims to enhance cooperation between Uzbekistan and India in the field of pharmaceuticals.

Now the time is right to invest in Uzbekistan, because the business climate is changing, the economy is gaining momentum, which makes doing business easier, the chairman of the Uzbek Committee for Investments Azim Ahmedkhadjayev said at a meeting with South Korean business executives in Tashkent on Monday, gazeta.uz said.

The Committee for Investments, Tashkent City Administration and South Korean POSCO Daewoo signed amendment cooperation agreement for joint implementation of the High Tech City Project, the committee said in a statement.

KFC, an international chain of catering restaurants specializing in chicken dishes, enters the Uzbek market. Yum! Brands, an American fast food company, which operates the brands KFC, Taco Bell and Pizza Hut worldwide, is hiring employees in Tashkent, as several Uzbekistan job search sites posted vacancies as of January 25.

JV Jizzakh Petroleum will launch filling stations network, which will sell imported gasoline, Uzbekneftegaz, the major shareholder, said.

Uzbekistan is among 40 countries where sweet cherry is grown. According to the data of FAOSTAT, Uzbekistan is in top 10 of largest sweet cherry producers in the world and out of 100 thousand tons of cherries produced in Uzbekistan 30% is exported to CIS and other foreign countries per year.

Uzbekistan-Kyrgyzstan business forum and a matchmaking session were held in Tashkent yesterday on  the day of the arrival of the President of Kyrgyzstan, Sooronbai Jeenbekov, which was attended by over 100 Kyrgyz engineering, construction, food, packaging, light industry and IT companies.

President Shavkat Mirziyoyev launched the initiative to develop business aviation in Uzbekistan. Business aviation is an air transport option tailored to the specific needs of company, UzA reported.

UzTrade inaugurated its showroom in Mazar-i-Sharif (Afghanistan) Thursday, which features a wide range of goods of Uzbekistan’s manufacturers.

The National research and production company FONON and South Korean Hwachon Plant-Gemco signed an agreement on setting up of a joint venture manufacturing jewelry in Tashkent.

Hyundai Motor Co. said Monday it has signed a US$14 million deal to supply 182 trucks to the Uzbek ministry for environmental protection.

More than US$26 million in letters of intent to conduct future trade in Central Asia were signed during 18-19 October seventh annual Central Asia Trade Forum - Future Growth: Trade, Transport & Horticulture in Almaty, Kazakhstan.

Uzbekistan undertook five business reforms in the past year, earning the country a spot in the top 10 global improvers for a third time, says the World Bank Group’s latest Doing Business 2018: Reforming to Create Jobs report.

President of Uzbekistan Shavkat Mirziyoyev visited Istanbul during the state visit to Turkey on Thursday, UzA said.  Shavkat Mirziyoyev hosted the Turkish Prime Minister Binali Yildirim, after which they met with senior business executives of the two countries.

Over $ 1 billion worth of deals for export of ready-made garments and semi-finished products were signed at the 13th Uzbek International Cotton and Textile Fair which wrapped up yesterday in Tashkent.

For the next two days, the world’s cotton industry leaders, textile companies and sales agents will gather in Tashkent for the XIII International Uzbek Cotton and Textile Fair.

At yesterday’s Uzbekistan-Iran business forum in Tehran the Uzbekistan government delegation officials urged the Iranian businesses to establish and develop partnership ties and jointly implement projects.

The government delegation of Uzbekistan led by the Minister of Foreign Affairs Abdulaziz Kamilov will pay an official visit to Iran on October 16-18,  the Foreign Ministry announced in a statement.