Wednesday, 19, June, 2024

Economy

The Peugeot Citroen car plant in Jizzakh province is not included in the list of facilities which will be commissioned in 2019, the President’s Measures to Implement Uzbekistan’s Investment Program for 2019 Decree said.

Kazakhstani producers said that it is impossible to compete with Uzbek manufacturers due to unequitable conditions and high utility prices, abctv.kz said.

The final minutes and roadmap on trade, economic and investment cooperation was signed following the second meeting of the Council of Heads of Border Provinces of Uzbekistan and the Kyrgyz Republic.

Uzautosanoat and the French PSA Groupe will review the concept of the car plant project in the Jizzakh province and optimize economic parameters, the Uzautosanoat said in a statement.

The State-Owned Assets Management Center under the Competition Committee has entered into a trust management agreement with a subsidiary of United Investment Healthcare Group (USA).

The Government has approved the feasibility study for the propane-butane mixtures production units modernization project at the Mubarek Gas Processing Plant (MGPP).

2.3 million tons of cotton were harvested in Uzbekistan in 2018, Shavkat Mirziyoyev noted in his congratulatory message to agricultural workers.

Kyrgyzstan delegation led by Minister of Economy Oleg Pankratov paid a working visit to Tashkent between November 28 - December 1, the Uzbek Ministry of Foreign Trade reported.

The Ukraine’s Interdepartmental International Trade Commission (IITC) at its Monday meeting decided to stop the anti-subsidiary investigation regarding the import of new passenger cars originating from Uzbekistan, the Ministry of Economic Development and Trade of Ukraine (MEDT) reported.

Draft Uzbekistan’s Hydropower Industry Development Concept for 2020-2024 has been published for public consultation.

The Government of Uzbekistan announced the agenda for the next phase of its bold and ambitious reforms. The Reform Roadmap, revealed today, outlines the Government’s economic reform priorities over the next three years (2019-2021).

President Shavkat Mirziyoyev signed a decree Thursday stimulating the export potential of domestic manufacturers. According to the document, as of January 1, legal entities who export over 15% of the total revenue from the sale of goods (works, services), including via an agent (confidant), shall see their taxable base for corporate income tax reduced by the amount of revenue made from exports of goods (works, services), as well as the single tax payment by the amount of export of goods (works, services).

The natural gas production volume in Uzbekistan is expected to surpass 61 billion cubic meters (BCM) by the year-end, a 5.2 BCM increase to 2017, according to Uzbekneftegaz.

President Shavkat Mirziyoyev signed the Measures to Fundamentally Improve Uzbekistan’s Civil Aviation Decree, Uzbekistan Airways said.

The delegation of the UzAtom Agency visited Budapest on November 11-13 and Moscow on November 14-15, the agency said.

President Shavkat Mirziyoyev chaired a meeting devoted to discussing the state of affairs in the oil and gas industry and the ways to further development of the industry, the presidential press service of the head of state said.

The first international investment forum in tourism sphere kicked off today in Tashkent’s UzExpoCenter and will last through November 22.

The foundation stone laying ceremony of the Hyundai-Namangan KD plant for commercial vehicles in the Turakurgan district of Namangan province on Saturday, UzA reported.

The next Uzbek-German intergovernmental consultations on financial and technical cooperation were held today in Tashkent. Germany delegation was led by the head of the department for China, Central Asia, East Asia, Laos and Cambodia of the Federal Ministry of Economic Development and Development of Germany (BMZ) Kathrin Oellers, the Uzbek Committee for Investments said.

A record 3 million people number of passengers will have fliown on Uzbekistan Airways by the year-end, a 16% increase to 2017, the company announced.