Monday, 23, September, 2019

Business

One of the biggest ever delegation of German business executives will visit Uzbekistan between May 14-16. The visit is arranged by the Uzbek Embassy in Germany jointly with the Eastern Committee of the German Economy and the German-Uzbek Business Council.

Turkish Çalık Holding will build a Turkish Business District in Tashkent, which will host a business center, hotels, a Ziraat Bank office and a shopping/entertainment center. The project is estimated at US$ 400 million, the deputy Tashkent mayor for responsible investments, innovations and tourism development Alisher Tilyaev said.

Insulin production plant Zamin Bio Health, financed with the loan of Trust Bank, was inaugurated in Andijan yesterday. It is the only company in Central Asia that specializes in the production of insulin.

Uzbekistan and Turkmenistan signed over US$ 250 million worth of deals and memoranda following the Business Forum and the Turkmen Industrial Goods Exhibition in Tashkent, the chairman of the Uzbekistan’s Chamber of Commerce and Industry Adham Ikramov said today.

Uzbekistan delegation led by the Foreign Trade Minister Jamshid Khodjaev arrived in the Islamic Republic of Pakistan for a number of meetings and talks, the Ministry said.

The French multinational company Thales International, that designs and builds electrical systems and provides services for the aerospace, defence, transportation and security markets, intends to partner with Uzbekistan in the development and production of satellites and satellite equipment, Takhlilnoma (weekly analytical news program - Edit.) on Uzbekistan 24 channel reported.

President Shavkat Mirziyoyev yesterday signed a decree creating Sirdaryo free economic zone (FEZ). The decree aimed “comprehensive and rational use of the Syrdarya province’s production and resource potential, creating new jobs and increasing the income of households”.

Quartz, a glass manufacturer, reported completing a successful maiden IPO in Uzbekistan. Over 4.5 million of Quartz shares went public on December 5, 2017, with shares sold by auction method at the highest bid price, with only 0.05% of the total amount of shares sold to one single investor.

Uzbek-Iranian trading house was inaugurated today in Iran as part of the visit of the Uzbekistan delegation led by Uzbek Foreign Trade Ministry Jamshid Khodzhaev to the Islamic Republic of Iran, the ministry reported.

The Foreign Trade Ministry of Uzbekistan held a second round of talks with the officials of the Ministry of Economy and Customs of the Republic of Turkey to discuss the draft Agreement on preferential trade between the two states.