Sunday, 25, February, 2024

Economy

The official foundation stone laying ceremony for the new glass production and deep processing unit, to be built by the Chinese Minyuan Sylu, took place on December 16 at Jizzakh free economic zone, Xinhua said.

A large government delegation of Uzbekistan, led by Deputy Prime Minister, Rustam Azimov, is expected to arrive in Dushanbe on December 26 for participation in the session of the Tajik-Uzbek intergovernmental commission for trade and economic cooperation.

Chinese Zhuhai Singyes Green Building Technology won the tender for the construction of solar photovoltaic plant in Samarkand region of Uzbekistan - the first in Central Asia.

UzbekEnergo announced that the consortium including the South Korean Hyundai Engineering and Hyundai Engineering & Construction won the tender for the modernization of Takhiatash Thermal Power Plant (TPP).

A trade in textiles protocol will be added to an existing EU-Uzbekistan partnership agreement after it was approved by members of the International Trade Committee of the European Parliament on Thursday.

The Uzbek Senate at its Tuesday plenary meeting approved the 2017 state budget with a 1% of GDP deficit or 2.4 trillion soums ($750 million).

Russian UralKhimMash will supply 15 devices for Muborak Gas Processing Plant with total weight of over 1.3 thousand tons, the company website said.

Makro neighborhood stores and supermarkets chain announced it has acquired the Sunday supermarkets chain. Following the merger Makro chain will  operate 40 stores in Tashkent city and the regions.

Uzbekistan has tremendous potential in renewable energy, which is still largely untapped. The total potential for biogas production in Uzbekistan is estimated to exceed  8.9 bln cub m. In terms of its calorific value, this corresponds to 6.5 bln cubic meters of natural gas, which is about 10% of Uzbekistan’s annual demand for energy supplies.

Performance of controlling bodies in Uzbekistan will no longer be evaluated by the number of detected offenses, enforcement measures or property seized from economic entities.

Road and rail bridges across Amu Darya, which will link the highways of Uzbekistan and Turkmenistan, will be put into operation next year, the President of Turkmenistan Gurbanguly Berdimuhamedov said at the Global Conference on Sustainable Transport in Ashgabat, according to the Turkmenistan State News Agency.

The World Bank’s Board of Executive Directors today approved US$150 million in financing for the Modernization and Upgrade of Transmission Substations Project in Uzbekistan. It is aimed at improving the technical efficiency and reliability of the power transmission networks in the country.

Strengthening the cooperation between Japan and Uzbekistan, the development of entrepreneurial capacity and expansion of business contacts have been set as targets of the fifth Uzbekistan-Japan Business Forum initiated by the Uzbekistan-Japan Center (UJC) held November 21 in Tashkent.

Four more free economic zones are to be created in Urgut, Gijduvan, Khazarasp districts and Kokand city free economic zones. A draft Presidential decree, prepared by the Cabinet of Ministers of Uzbekistan, has been posted on the Portal of online public services for discussion.

Turakurgan TPP Construction Management Company, Uzbekenergo and the consortium of Japanese companies including Mitsubishi Corporation and Mitsubishi Hitachi Power Systems, Ltd. signed a contract to build a 900 MW thermal power plant in Namangan region on turnkey basis.

By the end of 2019 the proportion of electrified railway network in Uzbekistan will increase from the current 34% to 51%, a statement of the UzLiDeP’s website said.

The Swiss Casale SA launched a 500 thousand ton per year nitric acid production unit at Navoiazot (in Navoi region), with introduction of up-to-date energy-efficient technologies.

For the first time the Uzbek home appliances manufacturer Artel launched exports to Ukraine following the Uzbek-Ukrainian business meeting in Kiev, an Uzbek embassy statement said.

UzbekEnergo has started construction of the 220 kV high-voltage transmission line (HVTL) Takhiatash TPP - Khorezm substation-Sarymai (Khorezm region) in north-west of Uzbekistan. 

The Uzbek Labour Ministry delegation departed for Russia with a mission to take the labor migration cooperation between the two countries to a higher level, the press service of the Labor Emigration Agency statement said.