Tuesday, 27, September, 2022

Business

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.

The Uzbek-Afghan matchmaking session in Kabul, Afghanistan, could provide exit for Uzbek business to Afghanistan, India, Pakistan and Bangladesh, which have a population of 1 billion.

Ventilator production unit was launched on March 16 in Tashkent by the Slovakian Chirana and the Russian company Shimco Group.

The Uzbek-Kyrgyz Business Forum and the first meeting of the Business Council took place in Tashkent as part of the state visit of the President of Kyrgyzstan, the Ministry of Investments and Foreign Trade reported.

Makro, one of Uzbekistan’s largest grocery store chains, has opened the doors of its 100th location and now operates in 27 cities across the country.

As part of the Ready4Trade Central Asia project funded by the European Union, ITC recently launched its e-commerce coaching for enterprises in Uzbekistan. 8 national coaches will work with 50 Uzbek businesses in handicraft, textile and garments sectors to help them launch and grow online sales.

A delegation led by the Deputy Foreign Minister Furqat Siddiqov, who landed in Tehran on March 7 for bilateral talks, today met with Chairman of the Iranian Chamber of Commerce and Industry Gholamhossein Shafei, Dunyo said.

President Shavkat Mirziyoyev signed the Measures to Facilitate Further Development of Jewelry Industry Decree. Shavkat Mirziyoyev approved a proposal to introduce, until March 1, 2023, the procedure for selling precious metals to jewelry manufacturers through a direct deal or with installments.

Earlier this week, Adjacent Power unveiled its first renewable energy project at the Hyatt Regency. The speaker Behruz Khamzaev, the founder of Adjacent Power, devoted most of his speech to the problem of electricity supply to provinces. He realted in what conditions he studied in childhood.

A deal on pharmaceutical production unit project in Uzbekistan was signed on February 23 with the Egyptian company Solyphar, the Pharmaceutical Industry Development Agency said in a statement.

On February 23, the Deputy PM/Minister of Investments and Foreign Trade S. Umurzakov held talks with the director of Indorama (Singapore) Prakash Kejrival.