Tuesday, 27, September, 2022

Business

On June 28, an Uzbek-Turkish business forum was held in the capital. The event was attended by the Deputy PM/ Minister of Investments and Foreign Trade S. Umurzakov, the Vice President of Turkey F. Oktay, the Chair of the Council for Foreign Economic Relations (DEIC) N. Olpak and other representatives of ministries, departments and agencies.

On June 23, the Innovation Minister held talks with officials of the Technical Institute of Physics and Chemistry of Xinjiang of the Chinese Academy of Sciences.

AvtoVAZ’s presence in the Uzbek market is quite limited due to UzAuto Motors, the company said. AvtoVAZ will launch assembly of Lada and Renault car components in Uzbekistan within 12 months, the company president Nicolas Maure said.

The next congress of the Chamber of Commerce and Industry On took place on June 16. The congress was attended by the Minister of Justice Ruslanbek Davletov, who spoke about the Business Code, about the analysis of problems in the business-related regulations, and their solution.

Almost everything that is produced and grown in Uzbekistan is being showcased at Uzbekistan’s exhibition hall in the Tajik capital Dushanbe.

Today, May 31, more than 150-strong Uzbekistan business delegation will visit Dushanbe. The delegation includes businesses from all provinces and major cities.

The Cyprus-based company Lamanka Enterprises Limited became the owner of 4.14 million ordinary shares, or 84.197% of the total shares of Akhangarantsement , the data of the Toshkent stock exchange said.

The European Bank for Reconstruction and Development (EBRD) is supporting the modernisation of agriculture and enhanced economic opportunities for the local population in Uzbekistan with a long term loan of up to US$ 60 million to Indorama Agro. The EBRD financing will be accompanied by a parallel loan of the same size from the IFC, a member of the World Bank Group.

The State Assets Management Agency is approaching the final stage of sale of the government stake in Coca-Cola Ichimligi Uzbekistan, announced today the agency chief Akmalkhon Ortiqov.

An exhibition of Uzbek-Afghan businesses is currently being held in Termez. It was acknowledged that the volume of products of various sectors and industries displayed at the exhibition has increased significantly.

164 firms with Turkish investment, 119 firms with Russian investment and 78 firms with Kazakh investment were founded In January-April 2021.

Tashkent hosted the first meeting of the Uzbek-Ukrainian Business Council, created in February 2021, and a joint business forum on Wednesday, the Chamber of Commerce and Industry said.

In Q1 of 2021, Uzbekistan exported US$ 637.7 million worth of textile products to 54 countries. That’s $ 174.9 million more than in the same period of 2020, the Statistics Committee said in a report.

The right to manage the Samarkand international airport has been handed over to Air Marakanda, owned by Bakhtiyor Fozilov under the PPP terms and with tax reliefs.

On April 21, the President Shavkat Mirziyoyev signed a decree on the creation of youth industrial and entrepreneurial zones in all provinces of Uzbekistan.

Cement production in 2021 is forecasted to be at 16.4 million tons, the Association of Construction Materials reported. Reportedly, 11 new cement production units with a total capacity of 8.6 million tons and a total cost of US$ 738.4 million (in Andijan, Namangan, Samarkand, Tashkent, Kashkadarya and Fergana provinces) were launched during the year, with the total capacity expected to reach 25.3 million tons.

The Russian Export Center (REC) plans to launch, with the support of the government of Uzbekistan, a large project to create Uzbekistan-Russia export-import agrological corridor with an aim to increase the volume of the two-way trade.

Uzbekistan plans to launch the production of a vaccine against COVID-19 before the year-end, the Director of the Agency for the Development of the Pharmaceutical Industry under the Ministry of Health Sardor Qoriev said within the framework of the business program of the international industrial exhibition INNOPROM.

Sunflower oil production plant will be opened in cooperation between BMB Trade Group of Uzbekistan and Kish Group of Hungary.

Michel Noblet, the Executive Chairman of ATECA Holding and a renowned French hospitality expert from Dubai, announced today the group’s first hotel ‘ATECA Hotel Suites’ in Tashkent (opening in May 2021) during a special presentation on the recovery of the hospitality sector in Uzbekistan following the COVID-19 at the Hotel Business Forum. Michel’s vast experience spans across five continents including Europe with some of the world’s leading brands such as the Le Meridien Hotels & Resorts where he enjoyed three glorious decades being a founding member and regional managing director.