Friday, 19, April, 2024

Economy

The State Asset Management Agency published a draft presidential decree for public input, which proposed to reform 13 large companies in which the government holds the controlling stake.

Urgench, Khorezm province hosted the second inter provinces forum on the theme “Cooperation of provincial business in the field of agricultural cooperation, industry and tourism” between Uzbekistan and Kazakhstan.

President Shavkat Mirziyoyev instructed to set up a chemistry research institute together with South Korea and improve the education system at the Tashkent Institute of Chemical Technology, the presidential press service said.

The State Statistics Committee reported on the production volume of certain types of goods by large industrial enterprises in January 2020.

Uztransgaz and the Asian Development Bank (ADB) have begun drafting the Gas Master Plan (GMP), which provides for the establishment of a Central Asian gas hub in Uzbekistan, the Ministry of Energy said in a statement.

Today in Ankara’s JW MARRIOT Hotel, the Uzbek President Shavkat Mirziyoev, as part of his trip to Turkey, met with the officials of the Association of Chambers of Commerce and Exchange of Turkey, the Turkish Agency for Cooperation and Coordination (TIKA), Gebze industrial zone as well as the senior executives of Ziraat Bank, Zorlu Holding, Coşkunöz Holding, Eczacıbaşı, Baikar, Dunyagöz, Kanymed Saglık, Bau Global and Havelsan.

"Attracting foreign investment, digital transformation, developing infrastructure, boosting exports and increasing competitiveness - these are the Uzbek aviation sector’s main goals, the Uzbek Transport Minister, Elyor Ganiev said in his remarks at the International Aviation Forum in Tashkent today. Highlights:

The Uzbekistan Minister of Investment and Foreign Trade, Sardor Umurzakov, today at the between Uzbek-Hungarian intergovernmental commission on trade, economic, scientific and technical cooperation, called on the Hungarian business to make use of the current investment opportunities in Uzbekistan.

Five local airlines could be set up in Uzbekistan, one of the items of the draft 2020 State Program stipulates. The Ministry of Transport, the Tourism Committee and a number of other departments were instructed to create five new airlines by April 1 of this year.

Long beholden to fossil fuels for all of their energy, the two most populous countries in Central Asia seem to finally be tapping into their abundant renewable resources.

The Ministry of Energy intends to engage the Saudi energy company ACWA Power for the construction of a 500 MW wind farm in the Navoi province, the ministry said in a statement.

President Shavkat Mirziyoyev, at the oil and gas sector meeting, instructed to increase the production of natural gas and liquid hydrocarbons this year, the presidential press service said.

The Central Bank presented latest data on Uzbekistan’s gold and foreign currency reserves, the Bank said in a report. As of January 1, 2020, the official reserves stood at US$ 29.1 billion. The international reserves - US$ 28.6 billion. Uzbekistan's reserves remain poorly diversified, with almost all of them shared between USD (US$ 12.4 billion) and gold (US$ 16.3 billion).

This year Uzbekistan will buy by 165% more agromachineries to the last year, the chairman of Uzagrotechsanoatholding, Nodir Otajonov said at the next session of the International Press Club in Tashken’st Congress Hall.

The Ministry of Energy announced the launch of the first pilot project to build a photovoltaic plant in Surkhandarya’s Sherabad district with the support of the Asian Development Bank (ADB), the Ministry of Energy said in a statement.

The Russian Power Machines completed the modernization of two power units of the Syrdarya Thermal Power Plant, the largest TPP in Uzbekistan, having completed the phase I of its reconstruction, the Ministry of Energy said in a statement.

Shavkat Mirziyoyev signed the Measures to Implement Tasks Outlined in Uzbekistan’s Agriculture Development Strategy for 2020–2030 Decree.

Uzbekistan and Tajikistan launched the talks to jointly build two hydropower plants on the Zarafshan River in Tajikistan, the Uzbek Ministry of Energy said.

In January-December 2019, the Uzbekistan average monthly salary before tax topped 2.32 million soums or US$ 245, an increase by 27.5% year-to-year, the State Statistics Committee said in a report.

At the Ministry of Transport was held a meeting with executives of Deutsche Bahn. The First Deputy Minister of Transport Ilkhom Mahkamov held talks with the delegation of the company led by the Regional director for Eastern Europe, Russia and CIS, Vincent van Houten.