Friday, 19, April, 2024

Economy

Uzbekistan and the UAE’s Mubadala signed an agreement on the privatization of the Talimarjan TPP, the Ministry of Investment and Foreign Trade said.

Uzbekistan could stop exporting natural gas by 2025, the PM Abdulla Aripov said at a meeting of the Political Council of the Liberal Democratic Party (UzLiDeP) in Tashkent on Saturday.

The Ministry of Investment and Foreign Trade and Masdar (UAE) signed an agreement for a 400 MW wind farm project in Navoi province.

In 2019, Uzbekistan’s international trade in goods and services reached US$ 42.2 billion, an increase by US$ 8.7 billion, or 26.2% year-to-year.

Uzautosanoat, the Chinese Sinotruk International Investment Limited and the German MAN Truck & Bus SE signed a joint venture agreement for UZ Truck and Bus Motors to be based at JV MAN Auto-Uzbekistan plant, Uzavtosanoat said in a statement.

Uzbekistan is set to hold a major global aviation forum on February 19-20, a source in the government said. Today, major market players have been invited to the forum, and many of them have responded and booked places. It’s already safe to say that many large international companies will come to Uzbekistan to learn more about the market, about the airports and the services. The vent will help improve logistics, provide additional amenities for passengers, and of course, reduce air prices due to the arrival of new carriers, including low-cost airlines," the source said.

The Ministry of Energy, together with the International Finance Corporation (IFC), is preparing the second stage of call for bids for solar power plants in Samarkand and Jizzakh provinces.

Uzbekistan and Japanese companies signed over US$ 1 billion worth of uranium supply contracts as part of the December visit of the President Shavkat Mirziyoyev to Japan.

The consumer index in Uzbekistan in 2019 topped 15.2%, the State Statistics Committee said in a report, while in 2018 it was at 14.3%.

In January-November, Uzbekistan exported worth US$ 4.4 billion gold, recording a 2.8-times year-to-year increased, the State Statistics Committee said in a report.

Malaysian International Trade and Industry Minister Darell Leiking will visit Uzbekistan. It became known at the meeting of the Uzbek Deputy PM Elyoer Ganiev with the Minister Leiking.

The Uzbekistan Ministry of Employment and Labor Relations and the Ministries of Justice, Foreign Affairs, Health, Labor and Welfare of Japan, as well as the National Police Agency of Japan signed a Memorandum of Cooperation, the Ministry of Labor said.

After 17 long years of growing cotton and vegetables on his farm in Uzbekistan, Abbas has decided to give up farming, a story of Radio Free Europe says.

On December 11, President Shavkat Mirziyoyev chaired a meeting dedicated to the reform progress of companies in which the state holds a stake, the presidential press service said.

The Russian Novaport Holding may be refused a project to modernize and develop the airports of Samarkand, Namangan and Urgench, Kommersant said.

On December 3, a government delegation led by the Minister of Investment and Foreign Trade Sardor Umurzakov hosted a Japanese delegation including the Senior Vice President and Executive Director at Mitsubishi Corporation, Kenji Ota, the Senior Vice President at Mitsubishi Heavy Industries, Kenji Terasawa and Senior Managing Executive Officer at Sumitomo Corporation, Tsutomu Akimoto.

It is planned to increase cotton harvesting by machines to 50% from the total in 2020 in Tashkent, Syrdarya, Jizzakh and Kashkadarya provinces, and by 80% later on, said Nodir Otajonov, adviser to the Prime Minister/Chairman of Uzagrotechsanoatholding.

The joint venture Nurlikum Mining, set up by the French company Orano Mining and the State Committee on Geology and Mineral Resources (GeolCom) of Uzbekistan, will have the annual capacity to produce 1,500 tons of concentrated uranium oxide (U3O8), GeolCom said on Wednesday.

Uzkimyosanoat and the Russian Tatneft signed an agreement on creation of a joint venture at the First Mechanical Rubber Plant (FMRP) in Angren.

UzAutoTrailer and the Russian KAMAZ officially launched the new assembly line in Samarkand. The ceremony was held as part of the working visit of the President of Tatarstan, Rustam Minnikhanov.