Uzbekistan: foreign trade up in H1 2019

In January-June Uzbekistan had trade relations with more than 166 countries. In particular, the foreign trade turnover in January-June amounted to $19.7 billion and increased by $4.52 billion, or 29.8%, compared to the corresponding period of 2018, according to the State Committee of Uzbekistan on Statistics. Of this amount, exports reached $8.4 billion (+27%), and…

Uzbekistan: Kamaz truck output up in H1 2019

Russia’s largest truck producer Kamaz more than quadrupled its truck production in Uzbekistan to 585 vehicles in January-June, Uzavtoprom said in a statement. “UzAuto Trailer produced 585 trucks of Kamaz in the first half of 2019. It is 4.2 times higher than in the same period of last year,” the statement read. Kamaz launched production…

Uzbekistan: new contract for electricity supply to be signed with Afghanistan

Mutually beneficial cooperation between Uzbekistan and Afghanistan in electricity supply plays an important role in the development of bilateral relations. Uzbekistan and Afghanistan plan to have signed a 10-year contract for the electricity supply on “take-or-pay” terms by the end of October. A take-or-pay contract is a rule structuring negotiations between companies and their suppliers.…

Uzbekistan: UzAir waiting for Ukraine’s Zelensky’s statement to resume flights to Kyiv

Representatives of Uzbekistan Airways expect a statement from the new president of Ukraine about resumption of flights to Kyiv and Simferopol, annexed by Russia. The director of the commercial department Shukhrat Hudaykulov stated that flights to Kyiv could be intensified through charter flights. Uzbekistan Airways has an agreement for charter flights to Kyiv with one…

Uzbekistan: charter flights to Kyrgyzstan to be resumed in summer

Uzbekistan and Kyrgyzstan will resume charter flights on the route Tashkent-Tamchy (Issyk-Kul). Inspiro Travel (Kyrgyzstan) and Asia Lux Travel, together with Uzbekistan Airways, intend to resume charter flights on the Tashkent-Tamchy route (Issyk-Kul) for the summer tourist season 2019, from June 27 to September 6. Flights on the route Tashkent-Tamchy-Tashkent will be operated once a…

Uzbekistan: joint dairy set up with Belarus

The joint Belarus-Uzbekistan dairy company Zdravushka Tashkent has been registered in Tashkent region, the Belarusian embassy in Uzbekistan reported. On Belarus’ behalf, the company was founded by Zdravushka Milk. “The joint project envisages the construction and equipment of a dairy farm for 1,000 head and a dairy plant with the total capacity of up to…

Uzbekistan: Uzkimyosanoat manufactures products worth over $193 million

Enterprises of Uzkimyosanoat JSC manufactured marketable products in the amount of 1.636.8 trillion soums ($193.736 million) in January-March, up by 20.6% YoY. Chemical enterprises produced 334,960 tons of mineral fertilizers, including 252,170 tons of nitrogen fertilizers, 37,770 tons of phosphate fertilizers and 45,020 of tons potash fertilizers. During the reporting period, 1,276.5 million tons of…

Uzbekistan: arms imports up in 2018

Uzbekistan’s expenditures on the import of weapons and ammunition, their parts and accessories in 2018 amounted to $700,000, the Central Bank reported. In 2016-2017, $300,000 was spent for these purposes. Thus, over the past year, spending on armaments has more than doubled. Data on the import of weapons and ammunition are disclosed by the Central…

Uzbekistan: UzRail implements new project worth $15 million

Uzbekistan Railways is implementing a new project to modernize the Andijan-Sawai-Khanabad railway and organize passenger intercity train traffic there. The project provides for the modernization of the railway section with a length of over 50 kilometers, as well as straightening parts of the track, reconstruction of artificial structures, modernization of alarm systems and telecommunications, construction…

Uzbekistan: Central Bank suspends nine commercial banks from trading on currency exchange

Nine commercial banks of Uzbekistan have been suspended from participation in currency trading “due to systematic violations related to transactions on the currency exchange”, the Central Bank of Uzbekistan reported. Hamkorbank, Turkiston Bank, HayTek Bank, Universal Bank, Invest Finance Bank, Ipak Yuli Bank, Savdogarbank, Trust Bank and Asia Alliance Bank were among those removed. “Measures…

Uzbekistan: vegetable oils imports up in 2018

In 2018, Uzbekistan increased the imports of vegetable oils by 42.1% in physical terms compared with the previous year, to 175.4 thousand tons, and in monetary terms – by 19.3%, to $147.4 million, declared the Ministry of Agriculture and Water Resources. In particular, the imports of sunflower oil demonstrated the most significant upward trend –…

Uzbekistan: GMU to be renamed

GM Uzbekistan will be renamed in the coming months, the UzAvtoSanoat Deputy Chairman Aziz Shukurov announced. Shukurov added that the Chevrolet and Ravon brands would remain. “The issue of renaming will be resolved in the near future, and we will inform about it soon,” Shukurov said during a press conference. The company exports its products…

Uzbekistan: trade with Russia up in 2018

The trade turnover between Russia and Uzbekistan in 2018 increased by 21% YoY, to $5.7 billion, said the Ambassador of Uzbekistan to the Russia, Bortizhon Asadov. “Russia remains the largest trading partner of Uzbekistan. Mutual trade grew by 21% and reached $5.7 billion at the end of 2018,” the ambassador said. President of Uzbekistan Shavkat…