Saturday, 27, July, 2024

Economy

Since April 28, Uzbekistan firms have exported US$ 40 million worth of over 9 thousand tons of sweet cherries, UzbekOziqOvqatHolding (transl. Uzbek Food Holding) said.

President Shavkat Mirziyoyev signed a decree Wednesday reorganizing the Department for Combating Tax, Currency Crimes and Legalization of Criminal Incomes under the General Prosecutor's Office into the Department for Combating Economic Crimes.

1 to 50-ton range Hyundai trucks, intercity and tourist buses, and special vehicles will be assembled in Namangan, UzA reported. The presentation of the project was held on the margins of the meeting of the president of Evergreen Motors Group Kim Chang Kyoung with Namangan province governor Khairullo Bozorov.

Uzbekistan will allocate US$ 57.7 million for electrification of the Marokand-Navoi rail line. The draft presidential Measures to Implement Electrification of the Marokand-Navoi Railway Section Project Decree has been posted on the portal for discussion.

After liberalising its foreign exchange system, Uzbekistan now needs to restructure its entire economy distorted by the decades of strict currency and price controls, Reuters said.

The Uzbek Foreign Trade Ministry signed a number of documents on the margins of the visit of President Shavkat Mirziyoyev to the United States, the ministry said.

Official inauguration ceremony of the new production facility after upgrade of KNAUF Gipsum Bukhara plant was held in Bukhara, which was attended by the Uzbekistan PM Abdulla Aripov, the Managing Partner of the Knauf International Group Manfred Grundke and the German Ambassador to Uzbekistan Günter Overfeld.

22nd edition of Global Oil & Gas Uzbekistan/OGU 2018 International Exhibition and Conference series the flagship events of Uzbekistan's oil and gas industry will be held on May 16-18 in Tashkent.

UzbekEnergo and General Electric (GE), as part of the official visit of Uzbek President Shavkat Mirziyoyev to the United States, signed several deals expanding cooperation in the field energy, GE said.

The eighth meeting of the Intergovernmental Commission on Economic Cooperation between Uzbekistan and Georgia was held in Tbilisi.

Uzbekistan and Georgia will hold the eighth meeting of the intergovernmental commission on economic cooperation in Tbilisi on May 14-15, 2018, the press service of the Uzbek Foreign Ministry reported.

Uzbekistan is prepared to privatize its state airline but will keep full control of its lucrative gold mines and oil firm, Reuters said.

Uzbekistan has implemented the recommendations of the Enhanced General Data Dissemination System (e-GDDS) by publishing critical macroeconomic and financial data through the National Summary Data Page (NSDP).

During his trip to Namangan province Shavkat Mirziyoyev chaired a meeting with local authorities, ministers, heads of agencies and other officials in Norin district Wednesday.

Uzbek Committee for Geology and Mineral Resources and the General Directorate for Mineral Research and Exploration of the Turkish Ministry of Energy and Natural Resources reached an agreement on joint geological exploration of the Khurob and Aydim-Jetimtau gold ore deposits, as well as the Sarytau ore deposit, the committee reported.

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.