Thursday, 25, July, 2024

Economy

On the eve of the state visit of the President of Uzbekistan to the Republic of Korea, the chairman of the Uzbek geology committee, Bobur Islamov held a series of talks in Seoul, the Uzbek Presidency website said.

On November 16, 2017 at the Kazakh-Russian border  KazTransOil’s oil pipelines system accepted the first batch of Russian oil intended for further transit through the territory of Kazakhstan to Uzbekistan.

Uzbek Government delegation led by Prime Minister Abdulla Aripov visited the headquarters of Siemens AG in Munich. Within the framework of the visit, the Uzbek PM met with the member of the Board, Roland Busch, president of Siemens for Russia and Central Asia, Dietrich Moeller and discussed current and future joint projects in the energy, industrial, railway and health sectors.

Tashkent hosted a workshop focusing on the issues of introduction of international standard for energy management at Uzbekistan’s industrial enterprises. It was jointly organized by the World Bank and the Ministry of Economy.

The Uzbek-German JV MAN Auto-Uzbekistan will launch production of MAN Lion's intercity coach, Volkswagen Amarok pick-up truck and expand the range of MAN CLA trucks.

Uzbekistan Peugeot-Citroen Automotive plant will be completed on December 10, 2018, four months ahead of the schedule, a source in UzAvtoSanoat said.

Gasoline and diesel fuel prices in Uzbekistan rose by an average of 1.5 times starting from today. New prices were approved by the November 14 Cabinet of Ministers Additional measures For Timely Provision of Fuel and Energy Resources Resolution. The rise was linked to higher world prices for fuel and energy resources.

Uzbek government delegation led by Prime Minister Abdulla Aripov will pay a visit to Germany on November 14-17, Uzbek Foreign Ministry said.

Uzbekistan delegation led by the Minister of Foreign Affairs Abdulaziz Kamilov yesterday held a meeting with the Secretary of State for Trade of Spain, Maria Luisa PONSELA in Madrid, Uzbek foreign ministry said.

Foreign investments in Uzbekistan year-to-date reached $ 4.2 billion, the Chairman of the Committee for Investments Azim Ahmedkhadzhayev announced at yesterday’s round table devoted to improving the Uzbekistan’s investment climate.

Made In Uzbekistan exhibition kicked off today in Tashkent. This exhibition is aimed at promoting and showcasing Uzbekistan’s industrial goods and innovative achievements. For example, the visitors can familiarize themselves with Uzbekistan’s scientific and production potential, as well as with the free economic zones. The exhibition will last until November 9.

Russian LUKOIL on November 3 completed the 4.05 billion m3 of gas per year phase I of Gas Processing Plant (GPP) of Kandym fields group in Uzbekistan five months before the deadline, designed to process, UzA said.

3Mt cement plant using energy-efficient dry method will be built in Tashkent province at AkhangaranCement. Yesterday the Prime Ministers of Uzbekistan and Russia oversaw the signing of the project implementation agreement by the chairman of the board of UzQurilishMateriallari Botir Zaripov and the chairman of the board of directors of Eurocement Group Filaret Galchev.

Uzbek PM Abdulla Aripov attended the ceremony held on the occasion of the inauguration of the Baku-Tbilisi-Kars Railway, which was also attended by President Ilham Aliyev of Azerbaijan, President Recep Tayyip Erdoğan of Turkey, Prime Minister Bakytzhan Sagintayev of Kazakhstan and Prime Minister Giorgi Kvirikashvili of Georgia.

The Afghan railway administration department said Sunday that the extension of the railway line between Uzbekistan and Afghanistan will be one of the most important topics of discussion during President Ashraf Ghani’s next visit to Uzbekistan.

A Turkish armored-vehicle maker has signed a deal for the joint production of 1,000 four-wheel drive armored vehicles with an Uzbek firm in the Central Asian country.

The joint project of the Chamber of Commerce and UNDP “Business Forum of Uzbekistan (Phase-III)” launched an initiative to install agricultural meteorological stations in Tashkent region and provide 800 farm and dehkan farms in this territory with free professional recommendations on agrotechnical measures.

In January-September 2017, Uzbekistan’s gross domestic product (GDP) grew by 5.3% compared to the same period in 2016,  to reach 170.07 trillion soums.

Uzbekistan’s trade turnover in January-September amounted to over US$ 19.947 billion, a 16.6% increase to the same period last year, the Statistics Committee announced.

There are few plants in the world that manufacture, repair and export rail cars. In particular, the JSC Tashkent Railway Construction and Repair Plant (TRCRP), part of Uzbekistan Railways, has begun exporting its products.