Friday, 26, July, 2024

Economy

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.

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.