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…
Uzbekistan will expand number of grape wine producers, variety wine materials and cognac alcohol in 2019, Uzbek President Shavkat Mirziyoyev ordered in his “On measures for substantial modernization of winemaking industry and realization of alcohol production” decree. According to the document, requirement of determining an expiration date for the wine production will be removed beginning…
Uzbekistan plans to increase exports of fruit and vegetables by 30% YoY, to 1.2 million tons in 2018, the holding company “Uzbekozikovkatholding” reported. The company plans to reach an indicator of 1.2 million tons worth $1 billion. In 2017 the volume of exports of fruit and vegetable products amounted to 918,080 tons or $665.9 million.…
Uzbekistan and Georgia have agreed on cooperation in the field of winemaking and viticulture. As part of the visit of Uzbek working group led by Deputy Minister of Foreign Trade Relations Sahib Saifnazarov to Tbilisi, the parties signed a memorandum, under which leading Georgian experts will visit Uzbekistan to study the raw materials base and…
Coca-Cola company in Uzbekistan decided to restore production of “FuseTea”, thus increasing production in the country. General director of Coca-Cola Bottlers Uzbekistan Ltd. (known as Coca-Cola Ichimligi Uzbekiston) Fahriddin Normatov said that the company planned to launch production of new types of products, including the FuseTea brand, this year. FruitTea has disappeared from the shelves…
Uzbekistan Airways, the flag carrier of Uzbekistan, has introduced the second frequency of direct flights on the route Tashkent – New York – Tashkent. The flights will be performed starting from April 5 according to the following schedule (local time): Thursday: HY 101 Tashkent 05:45 – New York 10:00 Thursday: HY 102 New York 12:45…
Tajikistan may resume supplies of electricity to Uzbekistan from. The total export of Tajik electricity to the neighboring country will amount to at least 1.5 billion kilowatt hours per year. To date, Dushanbe and Tashkent are discussing the terms of supply of Tajik electricity to the Uzbek market, including prices. The final decision on this…
Food production in Uzbekistan decreased by 6.7 % in 2017 and amounted to 23.1 trillion soums in value terms, the Uzbek Food Industry Holding reported. The food industry’s share in the total industrial production decreased from 20% in 2016 to 16% last year, the company said. At the same time, growth was observed in many…
Uzbekistan’s Agrobank will create an association of lemon producers in the Qashqadaryo region, the Ministry of Agriculture and Water Resources said in a message. Such a decision was voiced during the working visit of Uzbek President Shavkat Mirziyoyev to the region. In the region Mirziyoyev familiarized himself with an innovative project by Akbar Saidov, graduate…
Commercial banks of Uzbekistan in 2017 provided investment loans worth 16.1 trillion soums, up 1.3-fold YoY, the Central Bank of Uzbekistan said in a message. The Central Bank notes that when issuing investment loans, banks focused on ensuring timely and full financing of projects included in the State Investment Program for 2017, as well as…
Afghan President Mohammad Ashraf Ghani and Uzbek Deputy Prime Minister and Finance Minister Jamshid Kuchkarov discussed the construction of the Mazar-i-Sharif-Herat railway in Kabul. “The project has been evaluated,” Kuchkarov said. “Negotiations on project financing are currently underway with Uzbek commercial banks and the Asian Infrastructure Investment Bank.” The construction of the railway will be…
Uzbekistan, Kyrgyzstan and China will hold a tripartite meeting on the implementation of the agreement on the international road transport, the Uzbek Foreign Ministry reported. The meeting will be held in Tashkent on January 24-25. Before the trilateral meeting, a bilateral Uzbek-Kyrgyz and Uzbek-Chinese meetings on international road transport issues will be held. Delegations of…
The average and maximum rates on incomes of individuals have been reduced in Uzbekistan since January 1, while the amount of contribution to individual accumulative pension accounts has been increased, and property tax will be calculated based on the cadastral value of real estate. This is stated in the presidential decree, which approved the main…
President of Uzbekistan Shavkat Mirziyoyev has instructed to develop chemical industry and increase the domestic production of fertilizers, the press service of the president reported. The decisions were made at a meeting held to discuss current financial and economic situation of chemical industry enterprises and development of the industry. Uzbekistan adopted a program for development…
The trade turnover between Russia and Uzbekistan from January to October amounted to $28 billion, Ambassador of the Russian Federation to Uzbekistan Vladimir Tyurdenev said during the conference dedicated to the results of the year. The trade turnover increased by 25% YoY. In physical terms, the volume of trade increased by 6.3% – from 3.6…
Head of the National Energy Holding of Kyrgyzstan Aibek Kaliev told at a press conference on December 27 about the export of electricity to Uzbekistan. According to him, in order to effectively use Toktogul reservoir in 2018, an agreement to supply electricity to Uzbekistan was concluded. The export began on December 20. By March 2018…
Uzbekistan and Iran considered transit cargo transportation, as the Uzbek Foreign Trade Ministry hosted a meeting with Deputy Minister of Industry, Mines and Trade of Iran Mojtaba Khosrotaj. The sides mulled the current state and prospects of trade and economic cooperation, as well as further cooperation in the field of transport and transit cargo transportation.…
Total trade turnover of Uzbekistan with foreign countries rose by 16.6% and amounted to more than $22 billion in ten months of 2017. The positive dynamics is also observed in trade with Central Asian countries, according to the data of the Uzbek Foreign Ministry. It was noted that great work had been done in the…
The plans for the development of rail transport in Uzbekistan include the transportation of foreign trade goods via the Baku-Tbilisi-Akhalkalaki-Kars railway with an opportunity to reach the ports as part of the pilot program. It is planned to participate in the creation of the Azerbaijan-Georgia-Turkey-EU countries transit corridor by determining the volumes of transportation of…
From January 1, 2018 written declaring of imported and exported cash foreign currency in the amount of up to $2,000 is canceled in Uzbekistan. When importing and exporting more than $2,000, the entire amount is declared in writing. Export of cash foreign currency outside of Uzbekistan is now carried out without any permits within the…
Uzbek President Shavkat Mirziyoyev at a meeting on the issues of construction progress noted that the majority of the normative acts, town planning regulations and construction norms applied in the country needed renewal, the press service of the Uzbek president reported. Mirziyoyev said that during the fulfillment of the instructions on bringing these norms and…
President of Uzbekistan Shavkat Mirziyoyev gave instructions for the construction of a hotel during his visit to the Tashkent International Airport named after Islam Karimov on December 2. Mirziyoyev familiarized himself with the project for the construction of the new passenger terminal “Tashkent-4”. The project is funded through banks and funds of Uzbekistan and South…
Uzbekistan will soon establish air communication with Afghanistan. The first flight from Kabul to Tashkent will be carried out on November 29. Reportedly, the Afghan airline Kam Air will operate code-sharing flights. Uzbekistan Airways is a partner in this direction with the right to sell tickets for the flight under its own code. The air…