Friday, 14, June, 2024

Economy

Value-added tax (VAT) is expected to be cut in Uzbekistan, with the range of tax payers to be expanded and tax reliefs to be scrapped. This is stated in the December 29 President's decree which approved the main macroeconomic figures and parameters of the 2018 state budget.

The governments of Uzbekistan and Russia signed Agreement on Cooperation In the Field of Peaceful Uses of Nuclear Energy on Friday in Tashkent. On behalf of the Government of Uzbekistan, the document was signed by Deputy PM Nodir Otadjonov, on behalf of the Russian Government - by the Director General of the RosAtom State Corporation, Alexei Likhachev.

Uzbekistan plans to increase exports up to $ 30 billion by 2022, Deputy foreign trade minister Sahib Saifnazarov said Wednesday in a briefing.

The Cabinet of Ministers issued Application and Open Use of World Geodetic Systems in Uzbekistan Resolution Tuesday, the Committee for land resources, geodesy, cartography and state cadaster said.

ToshShaharTransXizmat, a state owned company responsible for Tashkent transport, received 50 MAN A22CNG large capacity (90 passengers) low-floor 12-meter buses, MAN Auto-Uzbekistan said.

Uzbekistan and South Korea are intending to conclude an agreement on preferential trade, the Uzbek foreign trade ministry said, following the meeting with Korean Ambassador to Uzbekistan Kwon Yong-woo at the ministry yesterday, where the counterparts discussed implementation of the deals signed during the visit of the Uzbek President Shavkat Mirziyoyev to Korea on November 22-25.

Today, Tashkent will host the tripartite meeting devoted to the construction of China - Kyrgyzstan - Uzbekistan railway.

Vladimir Norov, Director, Institute for Strategic and Regional Studies of Uzbekistan along with H.E. Furqat A. Sidikov, Ambassador of Uzbekistan to Pakistan visited Islamabad Chamber of Commerce and Industry and addressing the business community, stressed that Pakistan and Uzbekistan should focus on exploiting their geographical proximity for promoting bilateral trade and economic relations to achieve mutually beneficial outcomes for their economies.

Iranian government delegation led by the Deputy Minister of Industry, Mines and Trade Mojtaba Khosrovtaj held talks at Uzbek Ministry of Foreign Trade, in which the sides discussed the ways to boost trade-economic cooperation, in particular in the field of transport and transit freight traffic, the ministry said.

Starting from December 15 under the deal signed in Tashkent on October 5 during the visit of Almazbek Atambayev, then the President of Kyrgyzstan, Kyrgyzstan began supplying electricity to Uzbekistan.

Starting from February 1, 2018, it is planned to scrap individual customs, tax and other benefits and preferences granted to some entities for importing of food products and to prohibit the Cabinet of Ministers from taking such decisions. The relevant draft Presidential decree has been prepared by the General Prosecutor's Office.

Uzbekistan delegation led by Deputy PM Nodir Otadjonov will visit Belarus on December 19-21, to attend the fifth meeting of the Intergovernmental Commission (IC) on bilateral cooperation between the countries, the Uzbek Foreign Ministry said.

Starting from 2018, salaries' increase rate in Uzbekistan will not be lower than that of inflation level, the First deputy economy minister Mubin Mirzaev said at the International Press Club meeting Thursday.

President Shavkat Mirziyoyev signed the Measures to Accelerate Development of Readymade Garments and Knitwear Industries decree,  Akhborot 24 reported. In accordance with the document, starting from the next year, for the first time Uzbek textile firms as an experiment will purchase cotton straight from farmers, with the grade of cotton, required volume and supply schedules to be agreed through contracts.

Delegations of the Uzbek Inspectorate for Flights Safety Supervision and the Aviation Service of Ukraine with the participation of representatives of Ukraine International Airlines and Uzbekistan Airways yesterday in Tashkent discussed the issue of resuming direct flights between  Kiev and Tashkent, the Ambassador of Ukraine to Uzbekistan Yuri Savchenko announced on his Facebook page.

Assistant U.S. Trade Representative for South and Central Asia Mark Linscott will pay an official visit to Uzbekistan from December 13-15, Uzbek foreign trade ministry said.

An upturn in the global economy—now growing by about 3 per cent— paves the way to reorient policy towards longer-term issues such as addressing climate change, tackling existing inequalities and removing institutional obstacles to development, according to the United Nations World Economic Situation and Prospects (WESP) 2018 Report.

President Shavkat Mirziyoyev signed the Measures to Improve Transport Infrastructure and Diversify Freight Routes for 2018-2022 Decree ".

Uzbekistan intends to increase its investment attractiveness through participation in various worldwide rankings, the chief of the Committee for Investments Azim Ahmadkhodzhaev said at a business forum in Tashkent.

In Bukhara’s Alat district was held the ceremony of launching of production of natural gas in Khojasayat section of Karakul investment block, UzbekNeftegaz said in a statement.