Uzbekistan: winemaking industry developing

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: Coca-Cola to increase production

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: second railway in Afghanistan to be built

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: development of road transport to be discussed with Kyrgyzstan and China

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…

Uzbekistan: income tax for individuals cut

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…

Uzbekistan developing rail transport

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…

Uzbekistan: Korean holding to construct cement plant

South Korean company Evergreen Holdings plans to build a cement plant in Karakalpakstan. A relevant agreement was signed in Seoul between the representatives of “Uzkurilishmaterialary” and the Korean company. The total cost of the project exceeds $300 million. Evergreen Holdings intends to implement it in several stages based on the demand in Uzbekistan and neighboring…

Uzbekistan: GDP growth rate disclosed

According to the preliminary estimates, Uzbekistan’s GDP totaled 170,74.8 trillion soums and the real growth rate was 105.3% in January-September compared to the same period of 2016, the State Statistics Committee said in a message. According to the message, the growth rate in the main sectors of the economy, such as agriculture, forestry and fishery…

Uzbekistan: aviation agreement with Spain inked

Uzbekistan and Spain have signed agreements on air services and international road transport, the Uzbek Foreign Ministry reported. The document was signed by Foreign Ministers of Uzbekistan and Spain Abdulaziz Kamilov and Alfonso Dastis in Madrid. The signed documents create a legal basis for the development of bilateral cooperation in the transport and communication sphere…