Saturday, 27, July, 2024

Economy

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.

Solemn commissioning ceremony of new Bukhara-Misken railway line on December 1, Uzbekistan Airways said. The construction of the 355 km Bukhara to Misken section was launched in December 2016 simultaneously from two ends. Two sections of the railway tracks were joined on September 1, with electrification now pending.

Ten non-members of the Organization of the Petroleum Exporting Countries, which do not participate in cutting oil output, will attend the meeting of OPEC+ in Vienna on November 30 to discuss increasing the number of the deal’s participants, TASS reported.

The Afghan carrier Kam Air carried out the first ever direct Kabul to Tashkent passenger flight today morning, Uzbekistan Airways (NAC) said in a statement.

Jamshid Khodjaev has become Minister of Foreign Trade to replace Elyor Ganiyev. Before Khodjaev served as first deputy chairman of the Accounting Chamber and earlier as the head of the Inspection to control the completeness of revenues to the state budget. He is a graduate of Birmingham University (UK).

President Shavkat Mirziyoyev yesterday signed Measures For Massive Improvement Of Cotton Industry Management System Decree.

The Minister of Finance Batyr Khodjaev has been appointed as Minister of Economy taking over from Galina Saidova, who held various posts in the Ministry of Economy since 2002. In 2010-2011, she was in charge of the Ministry of foreign economic relations, investments and trade and was the Minister of Economy since 2011.

Chairman of the Uzbek Investments Committee Azim Ahmadhojaev and CEO/President of POSCO Daewoo Joung Sang Kim signed an agreement on projects of solar modules production facility and construction of photovoltaic plant in Uzbekistan.

On November 23, the President Shavkat Mirziyoyev attended the Uzbekistan- Korea business forum that featured over 700 government officials and business executives from both countries.

UzKimyoSanoat (transl. UzChemical Industry) and Samsung Engineering signed an agreement on implementation of $556 million total worth of four projects: