Tuesday, 05, March, 2024

Economy

Uzbekistan and Afghanistan railway authorities met in Termez Satruday to discuss cooperation issues, the Uzbek Foreign Ministry said.

As part of Eurocement group's plant modernization program Akhangarancement launched a 3,500 ton per year refractory brick production plant.

President Shavkat Mirziyoyev today signed a decree aimed at preventing rise in prices for sugar.

Shargunkumir JSC Modernization Project was launched today in Saryasia district of Surkhandarya province.

Porcelain and ceramic glazed tiles manufacturing plant was inaugurated today at Angren free economic zone, the Committee for Investments said.

7th meeting of the Uzbekistan-Latvia intergovernmental commission for economic, industrial, scientific and technical cooperation and business forum is being held in Riga on August 28-30.

Uzbekistan is planning to build a pulp and paper mill in Tashkent province by 2020. The new capacities will reduce imports and satisfy the country's needs in pulp and paper by producing high-quality products with advanced technologies and by rational use of local raw materials.

As reported earlier the Uzbek-Chinese JV New Silk Road Oil & Gas Company has started construction of gas fields cluster at Karakul investment block (Bukhara province).

President of Uzbekistan approved the decision to merge UzSpirtSanoat into UzVinoSanoat-Holding. This decision was taken in a view to “develop the raw materials base, enhance the efficiency of procurement and processing of technical grapes varieties, boost production and export of potable ethanol, spirits, liqueurs and wines, draw foreign investment to the industry”.

LUKOIL successfully commissioned the main production and process facilities of South-West Gissar project in Uzbekistan. The facilities include a gas treatment plant with an annual capacity of 4.4 billion cubic metres (bcm), a gas pre-treatment unit and four gas-gathering stations, the company said.

Indonesian President Joko Widodo received a courtesy visit of Deputy Prime Minister of Uzbekistan Zoyir Mirzaev at Merdeka Palace in Jakarta on Monday, Antara news reported.

 GM Uzbekistan will suspend production at Asaka plant on August 22 due to annual planned maintenance works in line with the approved work plan, the PR-department of GM Uzbekistan said.

President of Uzbekistan on August 15 signed resolution abolishing from September 1, 2017 the excise duty for meat and processed meat by-products, poultry fat, pork fat, wheat flour and products used for animal feeding, the Ministry of Foreign Trade (MFT) announced in a statement.

The meeting of the Uzbekistan-Kyrgyzstan Intergovernmental Commission on bilateral cooperation was held yesterday, in which Prime Minister of Kyrgyzstan Sooronbay Jeenbekov made opening remarks: "I am sincerely glad to meet you.

President Shavkat Mirziyoyev signed  a resolution yesterday pursuant to which Almalyk Mining and Metallurgical Combine (AMMC) will allocate additional $ 420 million to expand its resource base.

Mubin Mirzaev, who was the Deputy minister of finance since 2008, was appointed First deputy Minister of economy responsible for macroeconomic policy, development of basis industries and relations with international financial organizations.

President Shavkat Mirziyoyev today took part in the inaugural ceremony of Second Phase of Development of Almalyk Mining and Metallurgical Comlex Project, UzA reports.

Uzbekistan is ready to build new railway line in Afghanistan, the deputy chairman of the Board of JSC Uzbekistan Railways Davron Dekhkanov said at a meeting of the international press club on Wednesday.

Uzbekistan's foreign trade turnover in the first half-year of 2017 reached US$ 12.072 billion, an increase of 11.1% to the same period last year, the Statistics Committee said. The exports amounted to 5.969 billion dollars (+ 13.1%), imports - 6.102 billion dollars (+ 9.2%).

Uzbekistan’s GDP in the first half-year grew by 7% to the same period in 2016, reaching 102.702 trillion soums, the State statistics committee said.