Uzbekistan: Dmitry Osovik to become production director of BAT Uzbekistan

Dmitry Osovik will become a director on production of British American Tobacco Uzbekistan (BAT Uzbekistan), BAT Russia said in a statement. Dmitry Osovik will be responsible for development of production at British American Tobacco’s division in Uzbekistan, including production of cigarettes, tobacco and supply chain, the company said. Prior to appointment, Dmitry Osovik worked as…

Uzbekistan to export $1.1 billion worth of textile, garment and knitwear in 2016

Uzbekistan plans to export textile, garment and knitwear products valued at over $1.1 billion. The country has attracted foreign investments for $2.5 billion to the sector. During the last several years, Uzbekistan realized over 200 projects with participation of foreign investors from Great Britain, Germany, Switzerland, Italy, South Korea, Japan, Singapore, India and other partner…

Uzbekistan: new cement plant commissioned

One of the major projects – construction of “Titan Cement” enterprise – has been completed and put into operation in Karauzyak region of Karakalpakstan. The project’s cost is 10.6 billion soums and $17 million dollars. It will produce 200 thousand tons of cement per year. In addition, about 200 new jobs will be created. (Uzreport/Business…

Uzbekistan: Capstone Turbine Corporation to supply microturbines

Capstone Turbine Corporation, the world’s leading clean technology manufacturer of microturbine energy systems, will supply two C1000 Signature Series microturbines for a flare gas utilization project in Uzbekistan. The US-based company said that it was planning to ship microturbines to Uzbekistan in the second quarter. BPC Engineering, Capstone’s largest distributor in Russia, released the order,…

Uzbekistan: business forum took place in Samarkand

An Uzbek-Chinese Business Forum and Cooperation Exchange with participation of business circles of Uzbekistan and China took place in Samarkand. The events were organized in order to further develop partnership relations between entrepreneurs of Uzbekistan and China. They were organized by the Chamber of Commerce and Industry of Uzbekistan and China Council for the Promotion…

Uzbekistan: food export contracts signed

Uzbekistan signed 270 contracts on the export of fruit and vegetables valued at $2 billion during the First international fruit and vegetable fair in Tashkent on July 12-16. Uzbekoziqovqatholding said that some 27% of the total volume of products for exports would account for vegetables, 25% for grapes, 20% for fruit, 17.6% for dried and…

Uzbekistan: trade-economic ties with Korea discussed

On July 19, the Ministry of Foreign Economic Relations, Investment and Trade of Uzbekistan hosted a meeting with the newly appointed Ambassador Extraordinary and Plenipotentiary of Republic of Korea to Uzbekistan Kwon Yong Woo. During the meeting, the sides discussed current status and prospects of bilateral trade-economic, investment, financial and technical cooperation. Particular attention was…

Uzbekistan: Chinese company to create food hub

Xinjiang Silu Changlong Investment Co., Ltd (China) is planning to create a food transport-logistic center in Bukhara region of Uzbekistan. Currently, the Chinese company is developing the project in cooperation with the Ministry of Economy of Uzbekistan. Within the project, it is planned to create a modern logistics center, two plants for processing of fruits…

Uzbekistan: deputy chairman of Central Bank chosen

Shokhrukh Shoakhmedov was appointed the deputy chairman of Uzbekistan’s Central Bank according to a decree of President Islam Karimov, the Central Bank said. Shoakhmedov was heading the Central Bank’s central administrative board in Tashkent. Uzbekistan’s Central Bank is tasked to regulate money circulation and activities of commercial banks in the country. Currently 26 banks operate…

Uzbekistan: GDP up in H1 2016

Gross domestic product (GDP) of Uzbekistan grew by 7.8% in January-June, the session of the Cabinet of Ministers said on July 15. Industrial production in Uzbekistan rose by 6.7% in the first half of 2016, agriculture output by 6.8%, services by 12.9% and construction works by 17.5%. State budget was executed with 0.1% surplus to…

Uzbekistan: first international fruit & vegetable fair kicks off in Tashkent

The Metropolitan “Uzexpocenter” saw the opening of the first International fruit and vegetable fair. The main purpose of the event is to raise awareness among the foreign processing and trade companies on the high, unique properties of environmentally friendly, fresh vegetables, fruit, grapes and melons, and finished quality products produced in Uzbekistan, their industrial processing.…

Uzbekistan: Uzstroymateriali ups charter capital

Uzstroymateriali joint stock company (Uzbek Construction Materials) registered a prospectus of emission for 1 trillion soums. The Center for coordination and control over securities market registered the primary emission of shares of Uzstroymateriali. Within the emission, the company will place 1 billion ordinary shares with par value of 1 thousand soums. Total sum of issue…