Saturday, 27, July, 2024

Economy

Uzbekistan intends to reduce imports by over $ 1.1 billion in 2017. The representatives of the Ministry of Economy at a press conference in Tashkent on Tuesday stated that this would be achieved through reorientation to local goods and boosting import-substitution.

Shayana Farm, a company with Indian capital, launches its subsidiary, Well Med Farm, which will produce medicines in Tashkent.

The high-speed rail link between Tashkent and Almaty will be launched on March 22. The first service from Almaty, operated by Kazakhstan Temir Zholy (transl. Rail Way) company, will arrive in Tashkent at about 12:50, a source in KTZ representative office said. The travel will take 16 hours.

The delegation of the Samarkand province, headed by the governor Khimmat Okbutayev, is paying an official visit to Bashkortostan (Russia), BashInform news agency reported. The main purpose of the visit is to expand trade and economic cooperation with Bashkortostan and increase the trade turnover, the representative of the Russian Foreign Ministry in Ufa, Venier Galiakbarov said.

In 2017-2019 General Electric (GE) plans to implement 13 projects in Uzbekistan totaling US $388 million, comprising projects  for manufacture of a wide range of industrial equipment and home appliances.

The Uzbek Chamber of Commerce and Industry is considering the issue of holding Uzbekistan-Kazakhstan business forum in Astana in March 2017, on the eve of the upcoming state visit of the Uzbek President to Kazakhstan.

The khokim (governor) of Tashkent province, Shukurullo Babayev departed for St. Petersburg to participate in the St. Petersburg Partnership of Small and Medium Business. On Monday Babayev met with the governor of St. Petersburg, Georgiy Poltavchenko.

A delegation of businesses and farmers of Namangan province visited Italy, Jahon News agency reported. During the visit, the delegation familiarized with the experience of the Italian partners.

The governor of Samarkand province, Himmat Okbutayev on March 12 departed on a working visit to Tatarstan (Russia). At Kazan international airport he was recived by the Prime Minister of Tatarstan, Ildar Khalikov, a statement of Tatarstan government said.

According to the Presidential Decree "On Uzbekistan’s Investment Program for 2017”, Uzbekistan is to complete 168 projects worth US$ 2.534 billion in 2017.

Uzbekistan announces it will disburse US$4.505 billion of foreign investments as part of the investment programme for 2017.

On March 1, 2017 the President of Uzbekistan, Shavkat Mirziyoyev received the Vice-President of General Electric and the President of GE for CIS, Ronald James Pollett, UzA said.

President Recep Tayyip Erdoğan received Deputy Prime Minister of Uzbekistan, Rustam Sodikovich Azimov at Beylerbeyi Palace.

As reported earlier, the President of Uzbekistan, Shavkat Mirziyoyev on February 24 arrived in Kashkadarya province.

The Head of State during his visit to Kashkadarya province familiarized with the project "Organization of production of gas-to-liquid (GTL) from purified methane of Shurtan Gas and Chemical Complex" (Uzbekistan GTL).

Over 70% of promising fields of solid minerals in Uzbekistan are currently not being developed. To this end a draft Presidential decree, published on the portal for discussion, is aimed at attracting foreign investment for exploration and development of fields of strategic minerals.

The construction of two 450 MW combined cycle power plants (CCPP) are to be completed at Talimarjan thermal power plant in Kashkadarya province.

On February 13, at the Oliy Majlis the Deputy Chairman of the Senate, Sodiq Safoev met with the Deputy Director General of the Central and West Asia Department of the Asian Development Bank, Hong Wei.

Uzbekistan has abolished the 40% excise duty on imports of trucks manufactured in Belarus. This has been provided for by the President Shavkat Mirziyoyev's Feb. 8 Decree.

At the Ministry of Foreign Economic Relations, Investments and Trade were held talks with the President of the Chamber of Deputies of the Czech Republic, Jan Hamáček.