Uzbekistan: Eriell GmbH buys 51% of Uzbekneftegaz’s subsidiary’s shares

Austrian Eriell GmbH has acquired controlling stake of Sarbon-Neftegaz JSC, the transportation division of Uzbekneftegaz National Holding Company, Tashkent Republican Stock Exchange said in a message. The Austrian company acquired 561,930 shares at $6.04 per share. A package of shares was purchased at $3.394 million from Uzgeoburneftegaz – subsidiary of the holding, Uzbekneftegaz said. Sarbon-Neftegaz…

Uzbekistan: Karshi-Dekhkanabad 90 km railway section electrified

As technological development necessitated transportation development, Uzbekistan electrified 1700 kilometres of its railway network, putting into operation 500 kilometers in 2016 alone. Following the 2010 Presidential Resolution “On Accelerating Infrastructure, Transport and Communication Construction Development in 2011-2015” Uzbekistan electrified and commissioned the Marakand-Karshi railway section in summer 2015. This led to the launch of an…

Uzbekistan: tax on property of individuals goes up

The Uzbek government set new tax rates for property owned by individuals on January1, 2017 under the Presidential Decree ‘On forecasts for major macroeconomic indicators and parameters for state budget of the Republic of Uzbekistan for 2017′. The property tax (residential houses, flats, countryside houses, garages, and other premises) rose from 1.5% to 1.7%, except…

Uzbekistan to raise prices on alcohol

The minimum wholesale and retail prices on alcoholic beverages (except for beer) in Uzbekistan will be raised starting from January 1, 2017, according to a joint decision of the country’s Ministry of Finance and the State Tax Committee. The minimum wholesale wine price for producers will be increased from 4,500 to 5,400 Uzbek soums (UZS)…

Uzbekistan: Tashkent and Ankara to work out co-operation roadmap

The Uzbek Acting President Shavkat Mirziyoyev and Turkey’s President Recep Tayyip Erdogan discussed the development of a “roadmap” for expanding the Turkey-Uzbekistan cooperation during the talks in Samarkand on November 18. The two leaders discussed the prospects of the Uzbekistan-Turkey cooperation development and exchanged views on the important regional and international issues. Shavkat Mirziyoyev and…

Turkmenistan: Ashgabat and Tashkent discuss co-op prospects

Turkmenistan’s President Gurbanguly Berdimuhamedov has discussed topical issues of cooperation at the meeting with Uzbekistan’s Deputy Prime Minister Ulugbek Rozukulov. “Uzbekistan attaches great importance to the development of a full-scale dialogue with Turkmenistan, which, based on the mutual goodwill of the parties, is getting filled with new specific content year by year”, a high-ranking representative…

Uzbekistan: US interested in development of ties

The US leadership is interested in consistent and stable development of multifaceted relations with Uzbekistan, US Under Secretary of State for Political Affairs Thomas Shannon said. Shannon made remarks at the meeting with Uzbek acting president Shavkat Mirziyoyev. During the meeting, Mirziyoyev and Shannon stressed the successful development and strengthening of the Uzbekistan-US relations based…

Uzbekistan: unemployment rate totaling 5.1%

The number of employed in the economy of Uzbekistan in January-September amounted to 13289,3 thousand, having increased by 1.8% YoY. The number of people employed in the public sector amounted to 18.1% of total employment (in 2015 – 18.3%), in the private sector – 81.9% (81.7%), according to the State Statistics Committee. The share of…

Uzbekistan to host conference on phosphorite processing technologies

Uzbekistan will host the first international conference “Resource saving technologies for processing of phosphorite of Central Kyzylkums into phosphate fertilizers and phosphoric salts” in October. Uzkimyosanoat and Ammofos-Maxam are organizers of the conference. According to the organizers, the conference will be held in Tashkent on October 10. The conference is aimed at discussing important achievements…