Monday, 22, April, 2024

Economy

Russian Export Center (REC) will provide US$ 141 million for construction of a metallurgical plant in the south of Tashkent, RIA Novosti reported citing the chief of the REC representative office in Uzbekistan Dmitry Prokhorenko.

Turkmenistan Industrial Exhibition of and the Uzbekistan-Turkmenistan Business Forum will be held In Tashkent today. These events are held as part of the State visit of President of Turkmenistan Gurbanguly Berdimuhamedov to Uzbekistan.

President Shavkat Mirziyoyev yesterday visited Navoi province, where he visited several ongoing projects, namely NavoiAzot, a company, commissioned in 1964, which now manufactures more than 70 types of products for agriculture, oil and gas, energy and mining industries.

President of Uzbekistan Shavkat Mirziyoyev today attended the opening ceremony of the Kandym gas processing plant in the Bukhara province, the President’s press service said. The plant’s foundation stone laying ceremony took place exactly two years ago, on April 19, 2016, which was also attended by Shavkat Mirziyoyev.

The UK committed £1.25 billion worth of financing for energy projects in Uzbekistan, in a Memorandum signed between the Uzbekistan Fund for Reconstruction and Development (UFRD) and the UK Export Finance (UKEF) in the framework of the first Uzbek–UK Energy Forum, Understanding the Opportunities in a Rising Uzbekistan Economy held in London Wednesday.

President Shavkat Mirziyoyev will visit Bukhara and Navoi provinces Thursday, the press-secretary to the head of state Komil Allamjonov said on his Facebook page.

Japanese industrial giant Kawasaki Heavy Industries is planning to build a gas-to-gasoline (GTG) plant in Uzbekistan to produce gasoline from natural gas, Takhlilnoma (weekly analytical news program - Edit.) on Uzbekistan 24 channel reported.

The value of Uzbekistan's foreign trade amounted to US$7.9 billion in January-March 2018, with exports at US$4.1 billion and imports – US$3.8 billion, and foreign trade balance at US$249.4 million.

To spur trade connectivity between the Central Asian and Baltic markets, the United States Agency for International Development is conducting a horticulture trade mission and study tour to Latvia and Lithuania during the week of April 9-14, 2018. The visit began with an opening ceremony on April 9, in Riga, Latvia.

Afghanistan will supply its products to China through Uzbekistan and Kyrgyzstan via Tashkent-Andijan-Osh-Irkeshtam-Kashgar transport corridor. Agreements on this were achieved during the talks in Tashkent with the Afghan Minister of Transport Mohammad Hamid Tahmasi.

President of Uzbekistan by his April 6 decree created Balik Ishlab Chiqaruvchi (transl. Firsh farming) free economic zone (FEZ) for fish farming in the Kuyichirchik district of the Tashkent province.

Uzbekistan resumed gas supplies to Tajikistan, suspended in 2012, through the Muzrabad-Dushanbe main gas pipeline, Akhborot 24 reported on Saturday.

To fulfill the commitments, promised by Uzbek officials to the President of Afghanistan Mohammad Ashraf Ghani regarding cooperation in the field of Communications and Information technologies at the Tashkent Conference on Afghanistan, the Communications and Information Technology minister of Afghanistan Shahzad Aryobee met with the minister of Telecommunications and Information Technology of Uzbekistan. Azim Akhmedkhadjaev, while Afghan and Uzbek Telecom officials were also present, on Monday, April 2, 2018.

The first power block of the Turakurgan Combined Cycle Power Plant Project will be commissioned in December 2019, UzA said, while the phase II will be put into operation in March 2020. The cost of the project is estimated at US$ 1.195 billion.

Hyundai Engineering & Construction Co., one of South Korea's leading builders, said Tuesday that it has won a US$540 million order to build a power plant in Uzbekistan, Yonhapnew said.

Tajikistan resumed power supply to Uzbekistan as of Sunday, Khovar reported. The transmission line from the Rehar substation in Tajikistan energized the Gulcha substation (Uzbekistan).

Central Asia's biggest military power, Uzbekistan has offered India a unique proposal, giving its territory to set up a defence manufacturing unit which could allow Delhi to make strategic inroads in the resource-rich region, Indian Economic Times said. The proposal is still in its nascent stages even as India plans to export defence equipment to Uzbekistan, officials familiar with the issue indicated to ET.

UzExpocentre hosted Tuesday the presentation of KAMAZ trucks, the assembling of which started in Uzbekistan. The assembling of KAMAZ trucks was established in Uzbekistan following the agreements reached during the state visit of the President of Uzbekistan Shavkat Mirziyoyev to Russia on April 4-5, 2017.

Uzbekistan and Kazakhstan discussed the ways to increase mutual trade up to US$ 3 billion in 2018 compared to US$ 2 billion in 2017, the Kazakh government's press service reported.

Director of the Department of Agriculture, Food and Construction and Road Machinery under the Russian Ministry of Industry and Trade Yevgeniy Korchevoy held a meeting with Deputy Prime Minister of Uzbekistan - Chairman of the Board of UzAgroTechSanoatHolding Nodir Otadjonov.