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…
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…
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.…
From July 16 Uzbekistan Airways introduces new regular passenger flights on Tashkent-Tbilisi-Tashkent route with a frequency of 2 times a week on Tuesdays and Fridays. Flights will be operated by modern Airbus-320 aircraft. Direct air communication between Uzbekistan and Georgia has been absent since the collapse of the USSR. Russian president Vladimir Putin on June…
Uzbekistan Airways plans to have switched to a hybrid airline by the end of 2019. “When we worked with World Bank (WB), they assured us that the best option that was actively used throughout the world was to create a hybrid airline,” a representative of Uzbekistan Airways said. The hybrid airline will continue to fly…
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 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…
Although Uzbek automotive brand Ravon has suspended its activity in Russia, there are signals that it will soon return to the Russian market. “Uzbek cars Ravon can return to the Russian market already this year,” Rashid Temrezov, the Head of Russia’s Karachay-Cherkess Republic, said in a message to local MPs. He noted that cars would…
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 and Kazakhstan are planning to increase the volume of mutual trade to $4 billion. Nowadays, Kazakhstan and Uzbekistan carry out joint projects and cooperation programs in such areas as mechanical engineering, electrical engineering, food industry, tourism, transport and logistics. Recently, the volume of trade between the two countries has grown at a high rate.…
The Uzbek flag carrier will soon connect the capital cities of Uzbekistan and Georgia with new seasonal flights. Uzbekistan Airways will start operating flights on the route Tashkent-Tbilisi from July 16. During the summer season flights will be performed twice a week on Tuesdays and Sundays by an Airbus 320 type aircraft. Uzbekistan Airways was…
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’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 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…
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…
The state policy of Uzbekistan is aimed at the development of tourism so that this area in the future should become one of the drivers for the accelerated integrated development of the regions and their infrastructure. Tourism development should contribute to the solution of such major social and economic tasks as the creation of hundreds…
The Uzbek-Egyptian business forum was held on March 1, in Tashkent during the visit of Egyptian delegation led by Deputy Minister of Trade and Industry of Egypt, Ahmed Taha Boraya. The event was attended by representatives of business circles of the two countries: officials of more than 40 Egyptian companies, such as “Techno Marble”, “El-Garhy…
Uzbekistan’s government has approved regulations on the export of fruits and vegetables, the Ministry of Justice reported. In accordance with the document, entrepreneurs have the right to export fruit and vegetables without a license for wholesale trade, and taxation is applied to their revenues, providing for a single tax payment. The export of fruit can…
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 –…
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…
President of Uzbekistan Shavkat Mirziyoyev visited Forish district of Jizzakh region and the site where the first nuclear power plant of Central Asia would be built in 8-9 years. The head of state spoke with the leaders of the UzAtom Agency and the Rosatom Corporation. He noted that the project was a new strategic area…
The preparations for the construction of a 200-meter high building, the highest in Uzbekistan, as part of the International Business Center Tashkent City project, has started. Currently, the construction is in its second phase. The calculations and analytics are done with use of IT technologies. Recently, the geological research of the soil has been completed…
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…
Power supply in south Uzbekistan will be significantly improved thanks to the construction of the additional generation capacity at existing Talimarjan power plant (TPP) with the help of a up to $240-million sovereign loan provided by the EBRD to JSC Uzbekenergo. The project will be the largest EBRD investment in Uzbekistan to date. The funding…
Uzbekistan is negotiating to attract Germany’s Deutsche Bahn for reforming Uzbekistan Railways. “Now we are working with Deutsche Bahn, a German state-owned company, the world’s largest railway freight carrier. We are now negotiating with them to attract their experts and consultants to develop a strategy for further activities of Uzbekistan Railways,” said Laziz Kudratov, the…
Uzbekkhimmash, a subsidiary of Uzbekneftegaz, will direct more than $23 million to a foundry modernization project with construction of a new foundry. The government of Uzbekistan has recently approved main parameters of a feasibility study on this investment project. The new foundry’s annual capacity will be 4,000 tons of casting, of which about 500 tons…
Uzbekistan Railways is considering the possibility of building another high-speed railway to Samarkand. “Recently, the company’s management has raised the issue of building a dedicated electrified line from Tashkent to Samarkand, which will be run only by Afrosiyob train. This will shorten the journey to about 1 hour and 20 minutes,” said the message. It…