Tuesday, 25, June, 2019

Business

Uzbek - UAE Business Forum was held at the International Hotel in Tashkent on Wednesday, organized by the Uzbekistan Committee for Investments. The UAE delegation was led by Ibrahim Al-Mahmoud, Deputy Chairman of the Chamber of Commerce of the United Arab Emirates.

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.