Tuesday, 28, May, 2024

Economy

Made in Belarus exhibition will take place in Tashkent from September 14-19, 2018, featuring products by over 100 flagship enterprises: BELAZ, MTZ, Belshina, Belorusskaya Lesnaya Kompaniya, Berezastroimaterialy, Adani, BelOMO, Conte SPA, Kommunarka, Babushkina Krynka, Belryba and others, Belinterexpo reported.

Uzbekistan in the first year-half exported US$ 1.1 billion worth natural gas. Among other exported resources - electricity (US$ 106 million) and uranium (US$ 98.9 million).

Deputy Minister of Foreign Trade Sahib Saifnazarov met with the Belarussian Ambassador to Uzbekistan Leonid Marinich and the DG of the Managing Company of BelPharmProm Holding Valery Shevchuk Wednesday, the Ministry of Foreign Trade said in a statement.

The 7th meeting of the Uzbek-French Intergovernmental Commission for Trade and Economic Cooperation was held at the Ministry of Foreign Affairs of France, which was attended by over 50 government officials, business executives and experts from both sides, Dunyo reported.

Uzbekistan jumped 19 places from 118th in 2016 to 99th in the 2018 edition of the World Bank's Logistics Performance Index (LPI) published every two years.

IFG Capital Partners has signed an agreement with the State Committee of the Republic of Uzbekistan on Geology and Mineral Resources (Committee for Geology) to conduct a feasibility study on the Yakhton tungsten deposit development in Samarkand region of Uzbekistan.

The seventh meeting of the Uzbek-Vietnamese intergovernmental commission for trade, economic, scientific and technical cooperation was held in Tashkent Monday, the Uzbek foreign trade ministry said.

Uzbekistan and Afghanistan are planning to sign an agreement on free trade. "The parties are currently drafting the deal, which provides for the exemption from customs duties of Afghan goods, as well as pre-emption of other trade restrictions," an official of the Ministry of Foreign Trade told The Tashkent Times.

“More foreign airlines will be flying to Uzbekistan, which will lessen the load on Uzbekistan Airways and increase the tourists’ inflow”, Frist Deputy PM Achilbay Ramatov said at the opening of the renovated terminal at Nukus airport. The Nukus airport now has the pre-flight control, with increased number of check-in counters and passenger throughput reaching 400 people per hour.

NeftegazGazQazibChiqarish, the subsidiary of UzbekNeftegaz, has commissioned the new Sharqiy Suzma field and launched the new gas pipeline.

Afghanistan's power grid will be connected to the unified energy system of Uzbekistan and the Central Asia. This was stated during the conference: Realities and Proxpects of the Electricity Sector Reforms– Experience Gained, Lessons Learned and Myths Debunked, co-organized by Uzbekenergo and the Asian Development Bank back in June.

President Shavkat Mirziyoyev held a government meeting yesterday devoted to the launching of Uzbekistan’s nuclear power program, the presidential press service reported.

Inauguration ceremony of the Swiss high-tech Metal Processing LLC plant will be held in Tashkent on July 12, UzTekstilSanoat (trransl. Uz Textile Industry) reported.

On July 12, the first meeting of the Common platform for open discussion of investment proposals of foreign and local investors will be held at the Crystal ballroom of the International hotel. co-organized by the committee for investments and the Business Ombudsman.

Uzbekistan delegation led by Deputy PM/Chairman of Uzbekneftegaz Alisher Sultanov visited the construction site of the Belarusian Nuclear Power Plant, the Belarus Ministry of Energy said in a statement.

Zero rate import customs duty will be applied to cars having a price tag of 40,000 US dollars and over, and manufactured less than two years ago, and to electric cars (HS Code 870380) starting from January 1, 2019, with the excise tax rate at 20% of the customs value.

The Cabinet issued the Measures to Organize Tea Production and Supply the Population With Quality Tea and Tea Products produced in Uzbekistan Resolution Monday.

President Shavkat Mirziyoyev today signed decree raising the salaries of employees of budget-financed organizations, as well as pensions, stipends and allowances by 7% starting from July 15.

Uzbekistan intends to ensure a deficit-free budget for the next three years to give a clear signal to the business that the state will continue strict macroeconomic policies, the Deputy PM/Finance Minister Jamshid Kuchkarov said at a meeting of the International Press Club Monday.

In Q1 of 2018 Uzbekistan's exports of goods were worth a total of US$ 2.9 billion, while imports amounted to US$ 3.6 blns, with trade deficit at US$ 0.6 bln. Imports are higher than exports due to, inter alia, the fact that some import operations shifted from shadow economy and were conducted through the banking sector, as well as due to production capacities being boosted by loans in foreign currency, the Central Bank  said in its quarterly report.