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…