Wednesday, 19, June, 2024

Economy

Cooperation agreements were today signed between Uzbekistan and Italy companies, namely: Danieli & C.Officine Meccaniche SpA and JSC Uzbek Metallurgical Plant, as well as Danieli & C.Officine Meccaniche SpA and Toshkent Metallurgiya Zavodi LLC. In the ceremony were present the representatives of SFI Management Group LLC, the trsut management company of the Uzbek Metallurgical Plant.

The value of Uzbekistan’s trade in goods (export and import) in January-October 2018 reached 25,768.3 millions, posting a 15.9% increase to the last year, the Statistics Committee said.

Ukrainian pharmaceutical products are stuck at Uzbekistan’s customs post for several weeks with no explanation given by the Uzbek authorities, Ukrainian media outlets reported citing the Association of Employers' Organizations of the Medical and Microbiological Industry of Ukraine.

45% shares of UzbekKo’mir (transl. Uzbek Coal) belonging to Uzbekistan Railways could be handed over for trust management to the Russian company Progress Gor Tekh.

General Electric has completed the delivery of the first batch of equipment for the modernization project of the Takhiatash Thermal Power Plant, the company said.

Data on reserves, mining and sales of minerals, including precious and rare metals, may be disclosed for the public in Uzbekistan, according to the draft government resolution.

Uzbekistan is eager to commence the construction and commissioning of the first nuclear power plant as soon as possible and has requested the Russian experts to speed up the resolving of all issues, Uzbek Ambassador to Russia Botirjon Asadov told RIA Novosti Monday.

Uzbekistan will provide US$ 733.9 million to the Muruntau Open-Pit Mining Project (stage V) Phase 1, the Cabinet of Ministers said.

Prime Minister of Uzbekistan Abdulla Aripov and Prime Minister of Belarus Sergei Rumas today signed the Cooperation Development Action Plan.

Economic growth in Central Asia is expected to moderate in 2018 and 2019, reflecting a need for fiscal consolidation in the region and slower growth in the extractive sector, the European Bank for Reconstruction and Development (EBRD) said.

Delegation of Siemens led by the President for Russia and Central Asia, Alexander Liberov, visited Uzbekistan on October 29-31.

The 14th meeting of the Uzbekistan-Japan economic cooperation committee co-organized by the Uzbek Investments Committee and the Uzbek Embassy to Japan was held in Tokyo.

Shell is eyeing to launch a production unit in Uzbekistan, Uzbekistan 24 reported. According to the company vice-president for CIS, Joanna Kuensnsberg, Shell is encouraged by the reform efforts being undertaken in Uzbekistan and is considering a project of fuel and lubricants production facility.

President Shavakt Mirziyoyev signed a decree approving the privatization of FerganaAzot, the largest manufacturer of nitrogen fertilizers in Uzbekistan.

Turkish Tasaypi and the Uzbekistan Committee for Geology and Mineral Resources on October 25 signed an agreement for the development of two gold deposits in the Samarkand province, the committee said in a statement.

Uzbekistan plans to complete the new 500 kV Surkhon–Pol-i-Khumri transmission line construction project ahead of the schedule by December 2019, Uzbekenergo said.

Uzbek Deputy PM Sukhrob Kholmurodov speaking at the Uzbek-American business forum in Tashkent called on U.S. companies to invest in Uzbekistan’s economy.

Russian Eurocement Group commenced construction of a new US$ 160 million cement plant in Uzbekistan ўт Wednesday. The 3-million-ton capacity plant’s foundation stone was laid at the site of Akhangarancement, with the project to be completed in 2020.

UzAutoSanoat company announced it successfully conducted large-node test assembly of 28 Chevrolet Tracker cars at the Tashkent branch of GM Uzbekistan.

The construction of a Russia-design nuclear plant in Uzbekistan is estimated at about US$ 11 billion and is planned to be launched in 2028, said the aide to the Russian president Yury Ushakov.