Saturday, 27, July, 2024

Economy

The Deputy Investments Minister Badriddin Abidov met with the Georgian Deputy Foreign Minister Alexander Khvtisiashvili Monday as part of the 11th round of political consultations between the foreign ministries of the two countries .

Investors from the UAE proposed to open a casino in Muynak, Karakalpakstan. The Uzbek Prosecutor General Office confirmed it is closely considering the issue along with other relevant bodies, a government source told The Tashkent Times.

GM Uzbekistan plant in Andijan will change its name, the acting deputy chairman of the Uzavtosanoat responsible for technical policies and localization Azizbek Shukurov said. 

The Chinese Huaxin Cement will build a new cement plant in Zafarabad district, Jizzakh province, a government resolution said.

By the presidential decree, a number of oil & gas, energy sector bodies have been handed over from the Cabinet of Ministers to the Ministry of Energy .

Novovoronezh NPP In Russia, will be prototype of the first nuclear power plant in Uzbekistan. A group of Uzbek journalists visited Novovoronezh NPP to familiarize themselves with the nuclear plant, with the visit co-organized by the Rosatom Corporation and Uzatom Agency.

Deputy Prime Minister Alisher Sultanov will be in charge of the newly formed Ministry of Energy, to be created through the merger of Uzbekenergo, Uzbekneftegaz, and Uzbekgidroenergo.

The Organization for Economic Cooperation and Development (OECD) has improved Uzbekistan's credit risk rating, moving the country from point 6 to point 5, the Uzbek finance ministry said Saturday.

Uzbekistan is ready to work on the implementation of the Kambar-Ata-1 HPP construction project, the Uzbek Ambassador to Kyrgyzstan Komil Rashidov said at a briefing on Tuesday.

The German Graess Energy has begun construction of a solar power plant in Muinak, Karakalpakstan, a source at Uzbekenergo told Tashkent Times.

The unemployment rate in Uzbekistan topped 9.3% in 2018, the Employment Ministry said based on sociological survey conducted in 66 cities and townships.

Dubai-based flydubai airline will operate five flights per week between Dubai and Tashkent starting 11 March 2019 from Terminal 3, Dubai International Airport.

Uzbekistan has climbed in the latest Economic Freedom Index to 140th place among 182 countries with freedom score at 53.3. Its overall score has increased by 1.8 points, led by robustly higher scores for investment freedom, labor freedom, and business freedom. Uzbekistan is ranked 36th among 43 countries in the Asia–Pacific region, and its overall score is below the regional and world averages. In 2017 Uzbekistan ranked 152th, while in 2016 was the 166th freest.

Uzbekistan Airways posted the annual report on the occasion of the 27th anniversary of the airline. The airline told that three new routes were opened to Mumbai, Vladivostok and Jeddah in the last three months, adding that flights to Tbilisi, Munich and Karachi are planned to be launched in 2019.

In 2018, the share of cotton fiber in total exports (1.6%) decreased considerably compared to the last year, the Statistics Committee said in a report.

Uzbekistan sold US$ 2.9 billion worth of gold, the Statistics Committee said in a report. In general, in 2018, Uzbekistan total exports in 2018 amounted to US$ 14,257.9 million (an increase by 13.6% to the last year).

Ahead of the official visit to Germany of the President of Uzbekistan Shavkat Mirziyoyev, Uzbek companies signed a number of strategic partnership agreements with Siemens for implementing energy and industry projects. In particular:

President Shavkat Mirziyoyev signed the Creation of Andijan-Pharm Free Economic Zone Decree. The free economic zone (FEZ) is being set up in the Andijan district of the Andijan province, with the validity term of 30 years and possibility of extension, the decree says.

When you run a large landlocked central Asian state rich in uranium and with big economic ambitions, what do you do? You build a nuclear power plant. 

The Uzbekistan Ministry of Economy has been reorganized into the Ministry of Economy and Industry. This is provided for by the President’s Measures to Fundamentally Improve the System for Implementing the Economic Policies Decree.