Uzbekistan is to invest $2 million into the opening of the garment factory in Kyrgyzstan, Uztekstilprom association reports. The announcement is seen as a result of negotiations between business circles of the two states that took place as part of Kyrgyz president Sadyr Japarov’s state visit in Uzbekistan on March 11. The Director of Nil-Granit,…
Uzbekistan’s chemical structure Uzkimyosanoat said it was implementing 21 projects worth over $1.3 billion. President Shavkat Mirziyoyev was presented with information on the projects on March 29. Eight projects worth about $60 million are to be completed until the end of this year. New facilities are set to replace $15 million imports and export $30…
The UK is concerned over activity of “Scottish” companies operating in Uzbekistan, according to an article published by The Times. The World Bank in 2020 blacklisted an anonymously owned Scottish company NovoLine Resources after exposing “fraudulent practices” in an emergency medical aid program. NovoLine Resources won the tender of the Uzbek Health Ministry for the…
Despite restrictions caused by the COVID-19 pandemic, trade between Ukraine and Uzbekistan increased by 30% YoY in 2020. This issue was discussed at a meeting of Head of the State Service of Ukraine on Food Safety and Consumer Protection Vladyslava Mahaletska and Ambassador Extraordinary and Plenipotentiary of the Republic of Uzbekistan to Ukraine Alisher Abdualiyev,…
Kyrgyzstan and Uzbekistan have agreed on mutual supplies of electricity, press service of the Ministry of Energy and Industry of Kyrgyzstan reports. The agreement was reached on mutual supplies of electrical energy in the amount of up to 750 million kilowatt-hours at a conditional price. The supply of electricity from Uzbekistan will take place from…
The total public debt of Uzbekistan until the end of 2021 is projected to reach $28.3 billion (45.3% of GDP), according to the “Budget for Citizens” report, compiled by the Ministry of Finance. The total debt last year was $23.3 billion and in 2019 – $17.8 billion. “Despite the growth dynamics, the public debt remains…
Kazakh company BI Group is intending to invest $9.5 million in the construction of Hampton by Hilton hotel in the Uzbek capital. March 20 saw the ceremony of laying the time capsule in the foundation of the future hotel. It will house 120 rooms and a business center. The project is to start in May,…