Thursday, 18, July, 2024

Economy

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.

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.