Uzbekistan considering trade-economic relations with France

On August 11, Ambassador Extraordinary and Plenipotentiary of France to the Republic of Uzbekistan Jacques-Henri Heuls paid a visit to the Ministry of Foreign Economic Relations, Investment and Trade of Uzbekistan. During the meeting the parties discussed current issues and prospects of bilateral trade-economic and investment cooperation between two countries. Furthermore the outcomes of the…

Uzbekistan: S&P affirms Turonbank’s rating with stable outlook

Measures undertaken in the country to strengthen the financial stability of commercial banks have a positive effect on their assessment by international rating agencies in terms of creditworthiness. In particular, the implementation of effective banking supervision on the basis of international standards, constant monitoring of quality of assets and liquidity of banks have allowed domestic…

Uzbekistan and China discuss trade-economic ties

On August 9, the Ministry of foreign economic relations, investments and trade of Uzbekistan hosted a meeting with Advisor on trade and economic issues of the Embassy of the People’s Republic of China in Uzbekistan Jin Yulong.

During the meeting, the sides discussed current state of bilateral trade-economic, investment and financial-technical cooperation. (UzDaily/Business World Magazine)

Uzbekistan: KT Corp. to produce electric meters

On August 9, Vice President of business development, global business projects of the company KT Corp. Lee Baek-hee held negotiations at the Ministry of foreign economic relations, investments and trade of Uzbekistan. During the meeting, the sides discussed issues on creation of joint venture and start of production of electronic meters under the project “Implementation…

Uzbekistan: GM Asaka plant starts maintenance works

Annual planned maintenance works were started at the automobile plant of GM Uzbekistan in Asaka city (Andijan region) on August 8, the press service of the company said. GM Uzbekistan underlined that the company would carry out maintenance of main and additional technological equipment, tools, facilities and engineering-communication networks. It is also planned to carry…

Uzbekistan: MTS sells its stake in UMS

SUE “Center of radio communication, broadcasting and television” and MTS signed an agreement to acquire shares of MTS in the authorized fund of JV LLC “Universal Mobile Systems” in the amount of 50.01% of the authorized fund. Thus, SUE “CRCBT” became the sole founder of the mobile operator “Universal Mobile Systems”. As reported on the…

Uzbekistan: delegation of Korea Telecom visits FIEZ Navoi

A delegation of Korea Telecom led by Vice President Mr. Baek-hee Lee paid a visit to the free industrial zone Navoi.

During the meeting the current state and prospects of cooperation in investment spheres were discussed.

Korea Telecom is one of the leading companies in Korea introducing universal telephone and communication services. (UzDaily/Business World Magazine)

Uzbekistan: first Boeing-787 Dreamliner undergoes painting stage

The first airplane Boeing-787 Dreamliner of Uzbekistan Havo Yollari (Uzbekistan Airways) underwent painting stage. Photos of the airplane Boeing-787 Dreamliner in the colors of the flag of Uzbekistan were published at microblogging network Twitter. The Boeing-787 Dreamliner will arrive in Uzbekistan in August during the celebrations of the Independence Day of Uzbekistan. The Boeing 787…

Uzbekistan: construction of Tashkent-4 terminal to cost $336 million

The cost of the project on construction of new international passenger terminal of Tashkent Airport (Tashkent-4) will make up $336 million. Investment project “Construction of new international passenger terminal of Tashkent Airport (Tashkent-4)” is implemented in cooperation with the Republic of Korea. Korea International Cooperation Agency (KOICA) provided a grant for development of the feasibility…

Uzbekistan: Tarraqiyot street to be launched in August

Reconstruction of overpass, passing Tarraqiyot street, will be completed soon in Tashkent, Uzbekistan Temir Yollari (Uzbekistan Railways) said in a statement. The company said that soon new overpass would be commissioned for exploitation. Uzbek company underlined that reconstruction of the road overpass, passing Taraqqiyot street, would be completed soon and the movement would be opened…

Uzbekistan: ELSIB ships electric engines

Russia’s ELSIB shipped the fifth electric engine to Uzbekistan, the press service of the company said. The electric engine shipped to Takhiatash thermal power station. The company said that the contract for supply of the electric engines was inked in 2015 and its execution was completed in late July 2016. For the last three years,…

Uzbekistan: Agromir Juice to supply fruit juice and concentrates to India

Agromir Juice, a part of Uzbekoziqovaqatholding, will supply fruit juices and concentrates to India.

The company has signed an export agreement with the Indian company Shriji International LLC valued at $716,300.

Currently, the Uzbek company started to shop products, prepared from fruit, produced in Uzbekistan. (UzDaily/Business World Magazine)

Uzbekistan: electrical products output to go up

The Committee on industry, construction and trade held a conference on “Development of electro-technical industry in Uzbekistan: status and prospects”. The event was attended by deputies of the Legislative chamber of Oliy Majlis of Uzbekistan, representatives of ministries and departments, heads of enterprises, members of the JSC “Uzeltehsanoat” and employees of the mass media. The…