Thursday, 03, July, 2025

Economy

A U.S. Department of Commerce Certified Trade Mission featuring 13 major US companies is visiting Tashkent this week to learn more about the business and investment climate in Uzbekistan, and to meet with top Uzbek government officials, American Chamber of Commerce members, state enterprises and other Uzbek companies.  The certified trade mission fulfills a pledge made by Commerce Department Secretary Wilbur Ross to President Mirziyoyev during his visit to Tashkent last fall.

Uzbekistan Government published a resolution for public consultation on setting up of a joint venture with the French Orano Mining SA for exploration and mining of uranium in the Navoi province.

The President’s draft Additional Measures for Development of Leather, Footwear and Fur Industries and to Stimulate the Manufacture of Import-Substituting and Export-Oriented Products decree has been published for public input.

GM Uzbekistan will launch production of Chevrolet Trailblazer, Chevrolet Equinox and Chevrolet Traverse SUVs (Sport Utility Vehicle) in December 2019, said the head of strategic planning, analytics and development at Uzavtosanoat Rustam Kodirov.

The Foreign Minister Abdulaziz Kamilov today hosted the new Qatari Ambassador Sheikh Hamad Al Khajri (stationed in Tehran).

The Uzbek Investments Minister Sardor Umurzakov held a working meeting devoted to the preparations for the first meeting of the organizing committee for the Tashkent International Investment Forum which is due in October, which was attended by the chiefs and officials of ministries, departments and organizations.

The Kazakh low-cost airline FlyArystan, a wing of Air Astana, will soon hold talks on entering the Uzbek market, the company’s president Peter Foster said.

Novaport, the largest Russian airport development company will modernize three air ports in Uzbekistan. Today, the Government of Uzbekistan and Novaport Holding signed an agreement on the implementation of modernization and development project for Samarkand, Namangan and Urgench airports.

Uzbekistan Railways has built a new Surkhanobod station in Surkhondaryo province on the border with Turkmenistan to increase the volume of transit traffic and for railcars maintenance and repair, the company said.

GM Uzbekistan resumed R4 and R2 models supplies to Ukraine on May 23. As reported earlıer, the company export cars to Kyrgyzstan, Belarus, Afghanistan and Tajikistan. Also, the assembly of GM cars is set up at the SaryarkaAvtoProm plant in Kostanay, Kazakhstan.

On May 23, 2019, the Ambassador of Uzbekistan to Israel, Said Rustamov, met with Michal Levy Senior Vice President, Agriculture Innovation, Ministry of Agriculture of Israel.

From this year onwards, food prices in Uzbekistan will be floated, UzA said. Najmiddin Mirabdullaev, the head at a department of the Farms Council said that producers suffer from artificially lower prices.

Uzbekistan plans to split up its state energy company amid efforts to boost efficiency, improve transparency, and attract foreign capital.

Uzbekneftegaz and Russian Tatneft have signed an agreement on exploration at the Pritashkent investment block. The document was signed on the sidelines of the 23rd "Oil and Gas of Uzbekistan - OGU-2019 International Exhibition and Conference in Tashkent. The agreement provides for the expansion of the partnership in the field of geological exploration in the Pritashkent investment block.

The eighth meeting of the Uzbek-Swiss Intergovernmental Commission on Trade and Economic Cooperation was held in Tashkent on 17 May. It was attended by over 25 officials of Swiss ministries and agencies, as well as companies and banks.

Uzbekneftegaz and Socar (Azerbaijan) signed an agreement to increase oil production in the Kashkadarya province, Uzbekneftegaz said.

Ten trade and investment totaling US$ 150 million, as wells education, health care deals were signed at the first Uzbek-American-Canadian business forum in Navoi Friday, the Foreign Ministry reported.

The contract for conducting engineering surveys at the nuclear plant site in Uzbekistan for drafting the NPP technical project was signed today at Power Uzbekistan the international exhibition, Uzatom agency reported.

The French Total EREN plans to build a solar power plant in Uzbekistan. “Now we are about to complete the draft agreement which provides for the construction of a solar power plant based on the public-private partnership,” said Sherzod Khodjaev, deputy energy minister of Uzbekistan.

American Air Products, Uzbekneftegaz and Uzkimyosanoat today signed a deal to draft the project for a new gas-chemical complex using the MTO technology (methanol-to-olefins).