Tuesday, 05, March, 2024

Economy

On January 17, 2017 the President issued a Decree "On measures to simplify and accelerate privatization of state-owned assets for business purposes", the Competition Committee announced.

The South Korean consortium including Daewoo and Hyundai completed the construction of two HRSGs, 450 MW each, at Talimardjan thermal power plant (TPP) in Kashkadarya region, UzbekEnergo announced.

USAID and GIZ co-hosted a forum in Almaty, Kazakhstan on 17 January 2017, to help facilitate better regional cooperation on transport and transit. USAID’s recently launched ‘Competitiveness, Trade, and Jobs in Central Asia’ activity and the GIZ's ‘Support to Regional Trade in Central Asia Program’ are seeking to improve regional connectivity and increase economic growth in Central Asia.

13.298 million people in Uzbekistan were employed as of the end of 2016, which is by 1.8% more compared to 2015, a statement of the Statistics Committee said.

At the enlarged meeting of the Cabinet of Ministers, the President Shavkat Mirziyoyev focused on the key objectives for 2017: "We have to ensure the exports value to reach 10.8 billion dollars", - and defined the tasks that need to be resolved to this end:

President of Uzbekistan, Shavkat Mirziyoyev on January 6, 2016 signed a decree "On measures to optimize the investment project -"Construction of a plant for repair of excavators and tracked vehicles."

Uzbekistan’s GDP grew 7.8% in 2016. This was announced by President Shavkat Mirziyoyev on Saturday's enlarged meeting of the Cabinet of Ministers.

A new smelter furnace has been commissioned in metallurgical shop of copper smelter plant of Almalyk Mining and Metallurgical Complex. According to AMMC, the start-up and commissioning works are currently ongoing.

President Shavkat Mirziyoyev on December 27, signed an Amendment to the Presidential Decree of April 11, 1995 № UP-1096 "On additional measures to regulate export and import operations."

Uzbekistan Airways and Boeing signed an agreement for the purchase of four Boeing 787-8 Dreamliners, the airline company press service said.

Uzbekistan and Kazakhstan have decided to reopen road link on M-39 highway, which will decrease travel time from Tashkent to Samarkand.

The draft Presidential decree "On creation of a small industrial zone in Yangiyer city in Syrdarya region" has been posted on IASLA (Impact Assessment System of Legislative Acts) portal for public discussion.

The Dec 21 Presidential Resolution has approved a program for further development of the textile and sewing-knitwear industry in the country for 2017-2019.

From January 1, 2017 the Government of Uzbekistan has increased the rate of mandatory insurance contributions of citizens to the Off-budget Pension Fund under the Ministry of Finance from 7.5% to 8%.

On 27-28 December in Dushanbe was held the 4th meeting of the Intergovernmental commission on trade-economic cooperation between Uzbekistan and Tajikistan.

Officials from the Ministry of Agriculture, Irrigation and Livestock (MAIL) on Monday said that the process of exporting nearly 100,000 tons of wheat from Uzbekistan to Afghanistan will start within three months.

On December 26, Tashkent hosted the second meeting of the Joint Trade, Transport and Energy Commission between Uzbekistan and Afghanistan. The meeting was chaired by the Uzbek Foreign Economic Relations, Investments and Trade Minister, Elyor Ganiev and senior adviser to Afghan President, Humayun Kayumi.

Pakistan and Uzbekistan need to make efforts to enhance cooperation in the economic and commercial fields and fully exploit the huge potential for mutual trade Prime Minister Nawaz Sharif emphasized.

The Kazakhstan Ambassador to Uzbekistan, Erik Utembayev on Dec 23 announced that Uzbek and Kazakh authorities are working on simplification of border crossing procedure, Turkistan Press IA said.

Uzbek Export Corporation and KASB Group have signed agreements to set up the Uzbek-Pakistani Trade House, aimed at introducing technologically advanced agricultural equipment in Pakistan, as the country struggles to enhance per-acre yield due to application of obsolete technology, The Express Tribune reported.