Monday, 14, October, 2019

Business

US$ 302.6 million worth of 24 deals were signed at the Kashkadarya Investment Forum, which was held on September 27–28 in Shakhrisabz.

The fourth meeting of the Uzbek-Russian Business Council, held on Tuesday in Tashkent, had its own special status and agenda.

President Shavkat Mirziyoyev visited the Shaffof Omadli Sanoat private enterprise in the Kokand Free Economic Zone (FEZ), where, among other projects, he got acquainted with the electric cars manufacturing project, the presidential press service said.

The Ministry of Innovative Development of the Republic of Uzbekistan and Helios Energy Co. have signed an agreement for the development and construction of a utility-scale Solar Photovoltaic installation in Namangan, Uzbekistan. 

Samsung brand refrigerators will be manufactured on the territory of the Tashkent tech-park, Uzeltehsanoat (Uz Electrical Technical Industry) said.

Uzbekistan Airways will start operating once-a-week direct Tashkent-Kyiv charter flights as of October 5, 2019, with regular flights to be launched only next year, the First Deputy Investments Minister, the former Uzbekistan Ambassador to Ukraine Alisher Abdualiev said.

The Italian-American Fiat Chrysler Automobiles (FCA) is considering launching three models in Uzbekistan. Uzbekistan 24 channel reported citing the FCA vice president, Youssef Hadjas.

For the first time, JPMorgan Chase Bank and Asaka Bank signed a 36.4 million euros export credit line agreement in Moscow on August 8. The loan shall be re-paid within 7 years through the insurance coverage by the Chinese export credit agency Sinosure.

The initial price of the government’s share in the Uzbekistan Hotel put up for sale was cut by 10% due to lack of bids, the State Assets Management Agency said.

The German GP Günter Papenburg AG and the Uzbek state-owned unitary enterprise Transyulqurilish (owning 70% and 30% of the shares respectively) signed agreement for a joint venture, Papenburg Uzbekistan, for manufacturing of asphalt-concrete mixtures, ready-made concrete products, and performing construction and installation works, with the total authorized capital of 5.7 million euros, the draft government decree said.