Friday, 02, December, 2022

Business

The Uzbek-Russian business forum was held on December 1 in Samarkand, the Ministry of Investments and Foreign Trade reported.

The Turkish Akça Holding plans to launch textile production units in Uzbekistan, the Ministry of Investment and Foreign Trade (MIFT) said.

Delegation of the Uzbek Embassy held talks with senior management of Mareven Food Holdings group of companies in Ho Chi Minh City, Dunyo reported.

On November 21, President Shavkat Mirziyoyev, as part of his official visit to France, met with the leaders of major French companies and financial structures in Paris.

As part of his visit to France, Deputy PM/Minister of Investments Jamshid Khojaev held a series of meetings with the senior management of the French Ministry of Trade and a number of large French companies to discuss the state of trade, economic and investment cooperation and measures for its further development, Dunyo reported.

Uzbekistan is ready to provide a standalone industrial zone exclusively for French companies with all the necessary infrastructure, stated by Deputy PM/Minister of Investments and Foreign Trade Jamshid Khodjaev at the Uzbek-French business forum in Paris on November 18.

On November 16, at the Kuksaroy residence was held the first plenary session of the Foreign Investors Council under the President of Uzbekistan, which was chaired by Shavkat Mirziyoyev, the presidential press service reported.

UzVC National Venture Capital Fund held an inaugural conference to celebrate the launch of its Startup Growth Program (SGP). The launch is co-organized as a joint project of the Ministry of Economic Development and Poverty Reduction, UNDP in Uzbekistan “Empowering youth to embrace digital economy and digital entrepreneurship” and AKS Services Group in partnership with the National Office for Innovation Implementation and Technology Transfer, the Chamber of Commerce and Industry of Uzbekistan, the Youth Affairs Agency and INNO Technopark.

On November 15, President Shavkat Mirziyoyev was provided information on ongoing steps aimed at easing doing business, the presidential press service said.

Government issued resolution on November 08, approving the Regulation on hiring and health improvement centers for women at the place of residence.

Uzbek Ambassador Ulugbek Maqsudov met with director of Sitra textile company Omar al-Saqqaf in Jeddah, Dunyo reported. The parties discussed the ways to advance cooperation between the Uzbek and Saudi Arabian textile companies, the export of UZbe textile products to Saudi Arabia, and the establishment of a joint venture.

Prospects for the implementation of investment projects were discussed at the Ministry of Investment with Erlendur Svavarsson, vice president of the Icelandic company Loftleiðir.

Uzbek-Hungarian business forum was held in Budapest on Monday, which was attended by business leaders of the two countries. The forum was aimed at the comprehensive strengthening of ties between the business community of Uzbekistan and Hungary, as a fundamental condition for the further development of investment and trade and economic cooperation.

The program: New Uzbekistan - A Country of Competitive Products will be implemented in Uzbekistan. The program aims to select exporting entities through an open competition, turning them into leading exporters and providing them with comprehensive support. This proposal of the Ministry of Investments and Foreign Trade was approved by the decree of President Shavkat Mirziyoyev on September 30.

Due to problems with transferring foreign currency payments, Russian businesses began to register companies in Uzbekistan. According to Kommersant, many Russian banks were switched off SWIFT, and from February to July there were significant restrictions on the transfer of foreign currency payments.

The European Bank for Reconstruction and Development (EBRD) is contributing to a greater availability of consumer electronics and household appliances in Uzbekistan by supporting the expansion of one of the country’s leading retailers Idea Concept Group (Idea).

The European Bank for Reconstruction and Development (EBRD) is promoting energy efficiency in Uzbekistan’s steel production sector by supporting operations of the country’s leading private producer of prefabricated steel products Tashkent Pipe Plant (TPP).

Following Danfoss’ exit from Russia and Belarus announced earlier this year, this world-leading supplier of technologies for several industries in many markets, moved all its operations in Central Asian countries (Kazakhstan, Kyrgyzstan, Turkmenistan, Uzbekistan, Tajikistan, and Armenia) to Kazakhstan.

A meeting was held at the Ministry of Investments and Foreign Trade (ITSV) with the support of the International Development Ireland (IDI) consulting company between the Deputy Minister of Investments and Foreign Trade Khurram Teshaboev and the Managing Director of Kingspan Insulated Panels for the Middle East, Africa, Turkey and Central Asia, Jim Lokran.

Uzbekistan-Azerbaijan business forum was held today at the Azerbaijan Cultural Center named after Heydar Aliyev in Tashkent. This was reported by the press service of the Chamber of Commerce and Industry of Uzbekistan (CCI).