Monday, 23, September, 2019

Economy

The Uzbek Minister of Energy Alisher Sultanov hosted a number of delegations from the Republic of Korea Thursday. Sultanov met with Korea Eximbank executives and discussed the implementation of projects involving the bank, including the Uzbekistan GTL construction project and the Ustyurt Gas Chemical Complex (Uz-Kor Gas Chemical).

Uzbekistan and Russia will sign the nuclear plant construction contract before 2020, said Uzatom’s general director Jurabek Mirzamakhmudov on the margins of the AtomExpo international forum in Sochi.

Surkhan Gas Chemical Operating Company (SGCOC) has launched exploration drilling in the Surkhandarya province in southern Uzbekistan under a Production Sharing Agreement (PSA), the Ministry of Energy said in a statement.

300−350 thousand cubic meter a day of gas influx was obtained from the exploration well No. 7 of the Uchtepa field, Uzbekneftegaz said.

President Mirziyoyev signed the Additional Measures for Timely Delivery of Agricultural Sector with Agricultural Machinery Decree, which inter alia, stipulated the sale of large state-owned agricultural machinery manufacturing plants.

The next meeting of the Uzbek-Austrian Intergovernmental Commission on Trade and Economic Cooperation will take place on April 9, 2019 in Tashkent.

On April 4, 2019, a Memorandum of Cooperation was signed between the International Aerospace Committee (IAC) and the Uzbek Digital Trust Fund, which envisages extending cooperation, as well as information sharing, the National Project Management Agency said.

Uzbekistan will help Afghanistan for its textile industry recovery. This is provided for in the memorandum of cooperation on rehabilitation of the Afghan textile industry in, which was signed recently in Kabul, Uztekstilsanoat said in a statement.

Economic growth in the Europe and Central Asia region slowed to 3.1% in 2018, and is projected to decline to 2.1% in 2019, amid slowing global growth and uncertain prospects, according to the World Bank’s Economic Update for Europe and Central Asia, released today.

Uzbekistan plans to sell controlling stakes in six enterprises that are part of the Uzkimyosanoat (transl. Uz Chemical Industry) JSC to investors, including foreign ones. This is stated in the April 3 presidential decree.