Tuesday, 05, March, 2024

Economy

UzbekEnergo announced that it has completed the Construction of External Power Supply for Kandym Gas Processing Plant Project.

France-based EDF has secured a contract from UzbekEnergo to provide consultancy services for two new 450 MW each  combined cycle thermal power units in the Syrdarya province, UzbekEnergo announced in a statement.

President Shavkat Mirziyoyev signed a Measures to Ensure Uzbekistan’s Need in Ferrous Metal Rolling and Metallurgical Raw Materials Decree which paves way for imports into Uzbekistan of 50 thous. tons of rolled ferrous metals under contracts with manufacturers or their official dealers (distributors), without holding tenders.

Kirov Machine-Building Plant May 1 JSC will supply MPD-2 motor platforms to Uzbekistan. The platform is used in the construction, repair and maintenance of the 1435 and 1520 mm railway track.

The Russian Eurocement Group will build a new cement plant at Angren free economic zone, a source in UzQurilishMateriallari said.

In an intent to improve the management structure and enhance the efficiency of coal companies President Shavkat Mirziyoyev Wednesday signed resolution  merging UzbekKumir and ShargunKumir into Uzbekistan Railways.

Uzbekistan’s state-run electricity provider UzbekEnergo and South Korea’s state-run utility provider Korea Electric Power Corp. today signed MoU for Joint Development of Electric Business Solutions, UzbekEnergo said.

President Shavkat Mirziyoyev signed an order Thursday creating a permanent expert commission on improving Uzbekistan’s tax system.

President of Uzbekistan approved the FS of a $ 203.9 million 1.2 Mt portland cement plant to be built in  Bulakbashi district of  Andijan province by September 2019.

The Economic Cooperation Agreement between the Republic of Uzbekistan and Turkmenistan for 2018-2020, signed on March 6, 2017 in Ashgabat during the state visit of the President of Uzbekistan Shavkat Mirziyoyev to Turkmenistan entered into force Monday.

39 projects worth of $251.4 million will be implemented in Navoi free economic zone (FEZ) in 2017-2019, UzA reported. These include projects on setting up the production of glassware, LED lighting products, building materials and other products.

President Shavkat Mirziyoyev approved the measures to commence the implementation of Electrification Of Karshi-Kitab Rail Section Project with the launch of high-speed passenger trains.

Uzbek Prime Minister Abdulla Aripov hosted China’s Agriculture Minister Han Changfu and discussed cooperation in the agrarian sector Saturday.

On the second day of his trip to Namangan province President Shavkat Mirziyoyev visited Merrymed Pharm LLC in the Namangan province.

President Shavkat Mirziyoyev visited a coal briquette production plant, a Uzbekistan Railways subsidiary in Pap District of the Namangan province, UzA reported.

President Shavkat Mirziyoyev visited the Uzbek-Chinese JV Mingbulakneft in  Mingbulak district of  Namangan province, UzA reported.

President of Uzbekistan signed the Approval of An International Treaty Resolution on Wednesday. The resolution has approved the agreement, signed on April 3, 2015 in Tashkent between the Government of the Republic of Uzbekistan and the Government of the United States of America to improve international tax compliance and to implement the Foreign Account Tax Compliance Act, which introduce a reporting regime for financial institutions with respect to certain accounts.

A government meeting was held in Tashkent on Tuesday chaired by President Shavkat Mirziyoyev. The attendees heard and thoroughly discussed reports from the chiefs of the Complex on utility services, transport, capital construction and building industry and the Complex on economic development, structural reforms, investments, reforming the banking and financial systems, coordination of activities of the free economic and small industrial zones under the Cabinet of Ministers; as well those of the heads of the ministries and departments that are part of these complexes on the half-year results, the existing problems and measures to eliminate them, and the important tasks for the second half.

Uzbekistan's GDP growth has remained strong since the mid-2000s. This is due primarily to favourable trade terms for the country’s export commodities (copper, gold, natural gas and cotton), the Government’s macro-economic management and limited exposure to international financial markets. In 2014 the economy grew by 8.1%.

Turkmenistan Airlines intends to launch Ashgabat-Tashkent flight by the end of the year. Senior executives ща Uzbekistan and the Turkmen aviation authorities reportedly discussed launching the said flighе at the meetings in Tashkent on June 28 and 30.