Sunday, 14, April, 2024

Economy

Russian UralKhimMash will supply 15 devices for Muborak Gas Processing Plant with total weight of over 1.3 thousand tons, the company website said.

Makro neighborhood stores and supermarkets chain announced it has acquired the Sunday supermarkets chain. Following the merger Makro chain will  operate 40 stores in Tashkent city and the regions.

Uzbekistan has tremendous potential in renewable energy, which is still largely untapped. The total potential for biogas production in Uzbekistan is estimated to exceed  8.9 bln cub m. In terms of its calorific value, this corresponds to 6.5 bln cubic meters of natural gas, which is about 10% of Uzbekistan’s annual demand for energy supplies.

Performance of controlling bodies in Uzbekistan will no longer be evaluated by the number of detected offenses, enforcement measures or property seized from economic entities.

Road and rail bridges across Amu Darya, which will link the highways of Uzbekistan and Turkmenistan, will be put into operation next year, the President of Turkmenistan Gurbanguly Berdimuhamedov said at the Global Conference on Sustainable Transport in Ashgabat, according to the Turkmenistan State News Agency.

The World Bank’s Board of Executive Directors today approved US$150 million in financing for the Modernization and Upgrade of Transmission Substations Project in Uzbekistan. It is aimed at improving the technical efficiency and reliability of the power transmission networks in the country.

Strengthening the cooperation between Japan and Uzbekistan, the development of entrepreneurial capacity and expansion of business contacts have been set as targets of the fifth Uzbekistan-Japan Business Forum initiated by the Uzbekistan-Japan Center (UJC) held November 21 in Tashkent.

Four more free economic zones are to be created in Urgut, Gijduvan, Khazarasp districts and Kokand city free economic zones. A draft Presidential decree, prepared by the Cabinet of Ministers of Uzbekistan, has been posted on the Portal of online public services for discussion.

Turakurgan TPP Construction Management Company, Uzbekenergo and the consortium of Japanese companies including Mitsubishi Corporation and Mitsubishi Hitachi Power Systems, Ltd. signed a contract to build a 900 MW thermal power plant in Namangan region on turnkey basis.

By the end of 2019 the proportion of electrified railway network in Uzbekistan will increase from the current 34% to 51%, a statement of the UzLiDeP’s website said.

The Swiss Casale SA launched a 500 thousand ton per year nitric acid production unit at Navoiazot (in Navoi region), with introduction of up-to-date energy-efficient technologies.

For the first time the Uzbek home appliances manufacturer Artel launched exports to Ukraine following the Uzbek-Ukrainian business meeting in Kiev, an Uzbek embassy statement said.

UzbekEnergo has started construction of the 220 kV high-voltage transmission line (HVTL) Takhiatash TPP - Khorezm substation-Sarymai (Khorezm region) in north-west of Uzbekistan. 

The Uzbek Labour Ministry delegation departed for Russia with a mission to take the labor migration cooperation between the two countries to a higher level, the press service of the Labor Emigration Agency statement said. 

Uzbekistan Railways in nine months of this year transported 15.8 million people, which is 2.9% higher than in the same period last year.

Uzbekistan Airways in January-September performed 16,692 flights and carried 1.882 million passengers, which is by 5% less than in the same period last year, a statement of the carrier's website said. 

The Interim President of Uzbekistan Shavkat Mirziyoyev on October 26 signed a decree "On additional measures aimed at strengthening and expanding the activities of free economic zones."

The World Bank Group on October 25 released a report, Doing Business 2017: Equal Opportunities For All, a World Bank Group flagship publication, the 14th in a series of annual reports measuring the regulations that enhance business activity and those that constrain it.

In January-September 2016 there were 13,289.3 thousand unemployed in Uzbekistan, a 1.8% increase compared to the same period last year.

Shavkat Mirziyoyev reminded the public servants that the handling of the problems of the people is one of the main tasks of the government.