Uzbekistan and Qatar intend to expand trade and economic cooperation and achieve sustainable growth in mutual trade, the Foreign Trade Ministry of Uzbekistan stated. According to the information, Deputy Foreign Trade Minister Sahib Saifnazarov held talks with representatives of Qatar’s business community headed by Chairman of the Barwa Group of Companies Sheikh Mohammed Hamad Al-Thani.…
Tashkent Transport Service JSC will return the 2008 Mercedes-Benz Low Floor buses to operation after a detailed inspection. There have been cases when these buses caught fire, and it has been decided to stop their operation. On October 10 and October 12 the Mercedes-Benz Low Floor buses, running on the routes Nos. 87 and 95,…
A Chinese investor intends to start production of juice extract of licorice, grown in Karakalpakstan Autonomous Republic. The Autonomous Republic of Karakalpakstan is the region where the most licorice plants are grown. About 70% of the products from this plant are exported, especially to China, and the demand for it on the world market is…
Representatives of Uzbekistan’s state-run energy operator Uzbekenergo and the World Bank Group held a meeting to discuss reforms in the electricity sector of Uzbekistan. The parties discussed a plan on expansion of generating capacity at the lowest cost, research on tariffs, institutional reforms in the electricity sector and renewable energy development. The delegations of Uzbekenergo…
Director General of Uzbekistan Airways Bakhtiyor Khakimov held talks with Senior Vice-President of the Korean Air Samsug Noh. During the meeting the parties exchanged views on further development of cooperation between Uzbekistan Airways and Korean Air. In particular, the cooperation in passenger and cargo transportation was discussed. Also, the heads of airlines considered the prospects…
The cost of bread has been reduced in Uzbekistan since September 17. The cost of a loaf of bread decreased from 1,200 soums to 1,050 soums. Earlier, since September 15 the cost of a loaf of bread has almost doubled from 650 to 1,200 soums, which caused discontent among the citizens. Such price fluctuations are…
This year Russia has significantly increased imports of tomatoes to about 410,000 tons, up by 17% YoY. At the same time, Uzbekistan distinguished itself as one of the most significant contributions to the growth of supplies. The country increased the export of fresh tomatoes to Russia 3-fold in H1 2018. In the first six months…
Uzbek automaker GM Uzbekistan has resumed sales of cars on the domestic market but the prices have increased by 7.7%, the company said. The principles of pricing and reasonableness of the calculation of prices for manufactured cars were considered with the assistance of the country’s government with the participation of representatives of ministries and departments,…
The largest cement plant in Central Asia has been commissioned in the Sherabad district of Surkhandarya region. Construction of the Sherabad cement plant has been carried out by Almalyk Mining and Metallurgical Combine (AMMC) JSC. The cost of the project is $212.8 million, and its capacity is 1.5 million tons per year. The main part…
Europe’s largest car rental company Sixt has entered the Uzbek market. Recently, an official presentation of the local branch of the company – Sixt Uzbekistan – has been held in Tashkent. “Sixt provides cars for rent in more than 110 countries. Now residents and guests of Uzbekistan will be able to use this service. The…
The Korean company Land Master will build a golf club and modern guesthouses in Uzbekistan, the State Committee for Tourism Development of Uzbekistan announced. The announcement was made during the meeting between First Deputy Chairman of the State Committee for Tourism Development of Uzbekistan Ulugbek Kasimkhojayev and President of the Land Master Bae Sang-Ron. The…
The national air carrier Uzbekistan Airways will start regular flights on the Tashkent-Vladivostok-Tashkent route from September 15, the company announced. According to the information, the regular passenger flights between Tashkent and Vladivostok will be performed once a week. Uzbekistan Airways noted that only charter flights had been previously carried out in this direction. Flights will…
France abolished restrictions on supply of Uzbek melons and pomegranates, Foreign Trade Ministry of Uzbekistan stated after talks in Paris between the Agriculture Ministry of France and a delegation of Uzbekistan headed by Foreign Trade Minister Jamshid Khojayev. “Following the talks held in France in the Agriculture Ministry, phytosanitary restrictions on Uzbek melons and pomegranates…
Representatives of the Belarusian state light industry concern Bellegprom and the light industry association of Uzbekistan have discussed the establishment of joint ventures, according to the Bellegprom website. A Bellegprom delegation led by the concern’s Chairman Nikolai Yefimchik is in Uzbekistan on a visit. The delegation held negotiations with members of the Cabinet of Ministers…
A number of new routes between the cities of Uzbekistan and Tajikistan may be launched in the near future, Minister of transport of Tajikistan Khudoer Khudoerzoda declared. A regular bus service was opened between Khujand and Tashkent in mid-May. It was also planned to open new bus routes to other cities of Uzbekistan, but this…
From July 16 for technical reasons and unfavorable temperature the international Urgench airport is closed, the Uzbek national airline “Uzbek Airlines” reported. According to the information, flights to Urgench airport were transferred to the international airports of Nukus and Bukhara. The international airport Urgench is located in the same city, the center of Khorezm region,…
Uzbekistan intends to supply to China about 20,000 tons of high-quality cherries in the next season. The representative for the coordination of the export of agricultural products in the framework of cooperation of Uzbekistan-China Dilshod Mullabaev held talks with employees of the quarantine service and the General Administration of Customs Authorities about the results of…
Since June Uzbekistan has begun exporting fresh fruit to India. Uzbekistan will export sweet cherries and apricots to the markets of Delhi for the first time. Uzbekistan also plans to start exporting other types of fresh and dried fruit and vegetables to India in 2018. By July 8, Uzbekistan has exported sweet cherry worth over…
Uzbekistan intends to start construction of its nuclear power plant. Uzbekistan and Rosatom, Russia’s state corporation, reached an agreement to build a two-reactor nuclear power plant (NPP). It is expected to put it into commission in full by 2028. NPP construction will let the country save 3.7 billion cubic meters of natural gas a year.…
Uzbek joint-stock commercial bank Asia Alliance Bank together with Kazakhstan’s export insurance company KazakhExport and “Alfa Bank” JSC have successfully executed a deal for a total of $1.5 million. The main objectives of the bank’s foreign economic activity are to attract resources of the world financial institutions for financing the sectors of the economy of…
Uzbekistan ranked fourth among the exporters of cherry in the world, due to the active expansion of cherry fields in 2013-2017, the EastFruit company said in a message. In 2017 Uzbekistan exported about 32,000 tons of sweet cherries, up by 5,000 tons from the same indicator of Spain, according to EastFruit analysts. In 2018 the…
Bishkek and Tashkent agreed to continue the summer supply of electricity from Kyrgyzstan to Uzbekistan, Electric Stations JSC reported. According to its data, from June 8 until the end of August, Kyrgyzstan will sell electricity to its neighbors. It is planned to export 500 million kilowatt-hours at a price of 2 cents per kilowatt. Daily…
Uzbekistan exported sweet cherries worth more than $103.96 million starting from April 28 up to June 6, according to the Uzbekkozikovkatholding company. The deliveries of sweet cherry amounted to 24,575 tons, according to the company. In the reporting period cherry exports from Uzbekistan increased by 5,340 thousand tons or by $58.32 million YoY. During the…
Uzbekistan is ready to privatize its state airline, but intends keep full control of its gold mines and oil firm, Reuters reported citing one of the country’s top officials. Deputy Prime Minister Sukhrob Kholmuradov said that the country was soon going to announce a deal with the World Bank to help it with a broader…
Uzbekistan and Canada discussed promotion of cooperation in innovative development of real economy of the Central Asian state, the press service of the Ministry of Innovative Development of Uzbekistan reported on April 23. According to the statement, the discussion was held within the framework of the meeting between Deputy Minister Sherzod Shermatov and Minister-Counsellor, Senior…
The production of Hyundai trucks will be set up in Uzbekistan’s free economic zone “Kokand”. The project is worth at least $130 million. The initiative of the new production was set by the Korean companies Evergreen Motors and Posco Daewoo. The production of Hyundai trucks was previously discussed during the visit of the President Shavkat…
President of Uzbekistan Shavkat Mirziyoyev has reviewed the construction of the reservoir in the Zafarobod area as part of his trip to the Jizzakh region. The president stressed that the reservoir would provide 20,000 hectares of unused land with water, expand cultivated areas where it would be possible to grow crops and receive income. “We…