Sunday, 06, October, 2024

Economy

Tajikistan resumed power supply to Uzbekistan as of Sunday, Khovar reported. The transmission line from the Rehar substation in Tajikistan energized the Gulcha substation (Uzbekistan).

Central Asia's biggest military power, Uzbekistan has offered India a unique proposal, giving its territory to set up a defence manufacturing unit which could allow Delhi to make strategic inroads in the resource-rich region, Indian Economic Times said. The proposal is still in its nascent stages even as India plans to export defence equipment to Uzbekistan, officials familiar with the issue indicated to ET.

UzExpocentre hosted Tuesday the presentation of KAMAZ trucks, the assembling of which started in Uzbekistan. The assembling of KAMAZ trucks was established in Uzbekistan following the agreements reached during the state visit of the President of Uzbekistan Shavkat Mirziyoyev to Russia on April 4-5, 2017.

Uzbekistan and Kazakhstan discussed the ways to increase mutual trade up to US$ 3 billion in 2018 compared to US$ 2 billion in 2017, the Kazakh government's press service reported.

Director of the Department of Agriculture, Food and Construction and Road Machinery under the Russian Ministry of Industry and Trade Yevgeniy Korchevoy held a meeting with Deputy Prime Minister of Uzbekistan - Chairman of the Board of UzAgroTechSanoatHolding Nodir Otadjonov.

The Agency for External Labor Migration under the Ministry of Employment and Labor Relations has entered an agreement with the Turkish travel company Tayga Grup on organized recruitment of Uzbekistan citizens for Turkey jobs, the agency said in a statement.

Georgia will give Uzbekistan a 50% discount for transportation of all types of goods through it territory, the parties agreed so during the February 22-23 visit to Georgia of the delegation of the Uzbek Foreign Trade Ministry led by Deputy Minister of Foreign Trade Sahib Saifnazarov, the ministry said.

UzPromStroyBank will provide a preferential loan for setting up of KOMTEKS PPOSH in Kagan district (Bukhara province) which will specialize in processing of sheep wool.

The Cabinet of Ministers with its Feb 15 decision approved the creation of the Defense Industry Development Fund within the Uzbekistan's Committee for Defense Industry.

President Shavkat Mirziyoyev yesterday hosted the visiting Vice-President of General Electric Ronald James Pollett. Shavkat Mirziyoyev noted with satisfaction the company’s current activities in Uzbekistan, the President’s press service said.

At the Uzbek Ministry of Finance were held talks with Veolia group of companies (France) and were discussed a number of issues on heating services and energy consumption in the city of Namangan.

The leadership of UzbekNeftegaz met with the World Bank (WB) mission, the company said. The sides reportedly discussed the issues related to supporting Uzbekistan’s oil and gas sector from the budget and financing of the company projects by the WB.

Made in Uzbekistan Industrial Exhibition will be held in the capital of Tajikistan Dushanbe’s Manej sports complex in the first decade of March 2018, with Uzbekistan-Tajikistan business forum to be organized as part of the exhibition.

Uzbek Deputy PM/Chairman of UzbekNefteGaz Alisher Sultanov met with the Vice-President of LUKOIL Sergei Nikiforov in Tashkent, UzbekNefteGaz said.

President Shavkat Mirziyoyev signed a decree approving the Employment Promotion Program for 2018. According to the decree, Uzbekistan plans to create more than 346.79 thousand permanent jobs.

Extension and construction of new metro lines (extension of Yunusabad and Sergelian lines, and construction of the Ring Line) is currently under way in Tashkent, Oybek Khudoikulov, deputy chairman of Uzbekistan Airways, chief of Toshkent Metro announced on February 1 at a briefing.

Mercedes-Benz is in the process of building out hubs for the production of electric vehicles and batteries around the globe. Markus Schäfer, Member of the Divisional Board of Mercedes-Benz Cars, Production and Supply Chain said that Mercedes-Benz will build its electric vehicles in six plants on three continents.

The Government of Uzbekistan issued the Measures to Implement Modern Forms of Cotton and Textile Production Resolution.

Shavkat Mirziyoyev held a government meeting devoted to the results of geological exploration and production by UzbekNeftegaz. He underscored that the natural gas and oil production plan for 2017 was not fulfilled due to failure to achieve growth in reserves and that only 77% of planned drilling works were completed.

Recent statements by Uzbek officials have indicated a renewed interest in joining the World Trade Organization (WTO), the intergovernmental body responsible for regulating international trade and ensuring the smooth flow of trade across borders.