Saturday, 27, April, 2024

Economy

Solemn commissioning ceremony of new Bukhara-Misken railway line on December 1, Uzbekistan Airways said. The construction of the 355 km Bukhara to Misken section was launched in December 2016 simultaneously from two ends. Two sections of the railway tracks were joined on September 1, with electrification now pending.

Ten non-members of the Organization of the Petroleum Exporting Countries, which do not participate in cutting oil output, will attend the meeting of OPEC+ in Vienna on November 30 to discuss increasing the number of the deal’s participants, TASS reported.

The Afghan carrier Kam Air carried out the first ever direct Kabul to Tashkent passenger flight today morning, Uzbekistan Airways (NAC) said in a statement.

Jamshid Khodjaev has become Minister of Foreign Trade to replace Elyor Ganiyev. Before Khodjaev served as first deputy chairman of the Accounting Chamber and earlier as the head of the Inspection to control the completeness of revenues to the state budget. He is a graduate of Birmingham University (UK).

President Shavkat Mirziyoyev yesterday signed Measures For Massive Improvement Of Cotton Industry Management System Decree.

The Minister of Finance Batyr Khodjaev has been appointed as Minister of Economy taking over from Galina Saidova, who held various posts in the Ministry of Economy since 2002. In 2010-2011, she was in charge of the Ministry of foreign economic relations, investments and trade and was the Minister of Economy since 2011.

Chairman of the Uzbek Investments Committee Azim Ahmadhojaev and CEO/President of POSCO Daewoo Joung Sang Kim signed an agreement on projects of solar modules production facility and construction of photovoltaic plant in Uzbekistan.

On November 23, the President Shavkat Mirziyoyev attended the Uzbekistan- Korea business forum that featured over 700 government officials and business executives from both countries.

UzKimyoSanoat (transl. UzChemical Industry) and Samsung Engineering signed an agreement on implementation of $556 million total worth of four projects:

Uzbek Investments Committee chairman Azim Ahmedkhadzhayev and CEO of Evergreen Motors Edward Kim signed a Memorandum of Understanding to launch mass production of Hyundai cars in Uzbekistan.

As part of the state visit of President Shavkat Mirziyoyev to the Republic of Korea, UzAvtoSanoat has reached deals on launching manufacture of Chevrolet Tracker car, upgraded Chevrolet Cobalt, as well as motorcycles and scooters in Uzbekistan, the media center covering the visit of the President to the Republic of Korea reported.

Deputy Chairman of UzbekEnergo Shukhrat Sheraliev and Senior Executive Vice President at KEPCO Hwang-ryul Liu signed a Cooperation Agreement on SCADA: Supervisory Control and Data Acquisition System introduction project in Uzbekistan’s power grid.

On the eve of the state visit of the President of Uzbekistan to the Republic of Korea, the chairman of the Uzbek geology committee, Bobur Islamov held a series of talks in Seoul, the Uzbek Presidency website said.

On November 16, 2017 at the Kazakh-Russian border  KazTransOil’s oil pipelines system accepted the first batch of Russian oil intended for further transit through the territory of Kazakhstan to Uzbekistan.

Uzbek Government delegation led by Prime Minister Abdulla Aripov visited the headquarters of Siemens AG in Munich. Within the framework of the visit, the Uzbek PM met with the member of the Board, Roland Busch, president of Siemens for Russia and Central Asia, Dietrich Moeller and discussed current and future joint projects in the energy, industrial, railway and health sectors.

Tashkent hosted a workshop focusing on the issues of introduction of international standard for energy management at Uzbekistan’s industrial enterprises. It was jointly organized by the World Bank and the Ministry of Economy.

The Uzbek-German JV MAN Auto-Uzbekistan will launch production of MAN Lion's intercity coach, Volkswagen Amarok pick-up truck and expand the range of MAN CLA trucks.

Uzbekistan Peugeot-Citroen Automotive plant will be completed on December 10, 2018, four months ahead of the schedule, a source in UzAvtoSanoat said.

Gasoline and diesel fuel prices in Uzbekistan rose by an average of 1.5 times starting from today. New prices were approved by the November 14 Cabinet of Ministers Additional measures For Timely Provision of Fuel and Energy Resources Resolution. The rise was linked to higher world prices for fuel and energy resources.

Uzbek government delegation led by Prime Minister Abdulla Aripov will pay a visit to Germany on November 14-17, Uzbek Foreign Ministry said.