Saturday, 27, July, 2024

Economy

The delegation of Uzbekistan headed by Deputy Prime Minister Ulugbek Rozukulov will take part in the 74th meeting of the CIS Economic Council in Moscow on June 23, the press service of the Uzbek Foreign Ministry said in a statement.

It is planned to install biogas plants in 726 large livestock and poultry farms up to 2020 in Uzbekistan. The Government of Uzbekistan adopted a Measures to Increase Biogas Plants in Uzbekistan for 2017-2019 Resolution.

The construction phase I of Gas Processing Plant (GPP) of Kandym group of fields in Uzbekistan will be completed in December, the director of NefteGazInvest, a subsidiary of UzbekNefteGaz, Bakhodyr Siddikov announced at the meeting of the International Press Club Wednesday,.

Uzbekistan and India signed an agreement on trade providing for sale of Uzbek products to India, the Uzbek Foreign Trade Minister Elyor Ganiev said.

President Shavkat Mirziyoyev signed the Establishing an Enterprise With Foreign Investment - Uzbekistan Peugeot Citroën Automotive (UzPCA LLC) Decree.

The governments of Uzbekistan and Afghanistan are readying an agreement on trade and cooperation in transit of goods, which is expected to increase the two-way trade turnover, the Minister of Foreign Trade of Uzbekistan Elyor Ganiev said.

Uzbekistan has the second-fastest-growing economy, with projected growth of 7.6% in 2017 according to the World Bank’s latest edition of Global Economic Prospects.

President Shavkat Mirziyoyev familiarized himself with the light industry projects implemented in Boz district. Today in Andijan province there are 20 large light industry enterprises. In the province, 82 percent of cotton fiber is processed locally.

JV New Silk Road Oil And Gas set up by UzbekNeftGaz (UNG) and Chinese CNODC (a subsidiary of CNPC) commenced the develoment of gas condensate fields in Bukhara province.

President of Uzbekistan on May 26, 2017 issued the On Measures to Improve Price Formation For Products Manufactured by GM Uzbekistan Decree which provides for that from June 1, 2017 in local market GM Uzbekistan will sell its cars only for the national currency - UZS.

The first meeting in 10 years of the Uzbekistan–Turkey Economic Commission was attended by Deputy Prime Minister of Uzbekistan Rustam Azimov, Foreign Trade Minister Elyar Ganiyev, Chairman of the Tourism Development Committee Anvar Sharapov and Turkish Deputy Prime Minister Tuğrul Türkeş, Minister of Economy Nihat Zeybekci, Minister of Culture and Tourism Nabi Avci and other officials.

UzbekNeftGaz and TurkmenNebit signed a memorandum of understanding. Following the talks between the Presidents of Uzbekistan and Turkmenistan at the Avaza congress center in Turkmenbashi city on Saturday.

On May 24-26, 2017, Turkish Minister of Economy Nihat Zeybekci is set to visit Uzbekistan to attend Uzbekistan-Turkey Economic Council meeting.

By 2021 UzbekNefteGaz  plans to increase its downstream refining and petrochemicals capacity through 78 projects worth $ 30.4 billion, it was announced at the Global Oil & Gas Uzbekistan 2017 international exhibition, which opened on Wednesday in Tashkent.

As part of his Syrdarya trip President Mirziyoyev inspected Yangier small industrial zone created by the March 30, 2017 Presidential decree.

President Shavkat Mirziyoyev as part of his Syrdarya province trip inspected the construction works progress at Sardoba Water Storage Reservoir.

The PSA Group will produce Peugeot and Citroën light commercial vehicles in Uzbekistan, following the signing of a joint venture agreement with JSC UzAvtoSanoat to create Uzbekistan Peugeot Citroën Automotive, an equally-owned company that will operate a production plant in the Jizzakh free economic zone, 200 km from Tashkent. The joint venture, whose initial capital will be 30 million euros, will require 130 million euros of total investments.

Uzbek President Shavkat Mirziyoyev oversaw the signing of deals worth as much as $22 billion during the state visit to Beijing on May 12-13, as Uzbekistan looks to cement ties with the world's second-largest economy.

"A number of infrastructure accords have been signed between Uzbekistan Railways and leading Chinese construction companies the state visit of the Uzbek President Shavkat Mirziyoyev to China. Chinese will help to build roads and a new road tunnel through the Kamchik Pass,” Khusniddin Khosilov, the chief engineer at Uzbekistan Temir Yollari, said in an interview to Uzbekistan channel.

President of Uzbekistan Shavkat Mirziyoyev met with Premier of the State Council of the People's Republic of China Li Keqiang.