Uzbekistan: first buyers get Nexia

First buyers of the new car model Nexia have received keys to their automobiles, the press service of GM Uzbekistan said. Sales of new model of Nexia started in Uzbekistan on August 8. First automobiles of Nexia and accessories were handed over to the first buyers during the special ceremony at Driver’s Village, a dealer…

Uzbekistan: Small Businesses Support Fund provides services for 1,640 enterprises

Fund for supporting small businesses and private entrepreneurs provided legal, financial and organizational services to 1,646 enterprises to promote goods and services to external markets in the first half of 2016. The export agreements for $1.32 billion have been signed. Some 379 enterprises exported their products and services valued at $643 million. Number of enterprises,…

Uzbekistan: Ravon presented in Ukraine

GM Uzbekistan, an Uzbek-US joint venture, presented its automobile brand Ravon in Ukraine, the press service of the company said. GM Uzbekistan started to sell its automobiles under Ravon brand in external markets in 2016. The company also works on expanding dealers’ network in the CIS states. During the presentation, the company presented automobiles Matiz,…

Uzbekistan: Tarraqiyot street to open in August 2016

Reconstruction of overpass, passing Tarraqiyot street, will be completed soon in Tashkent, Uzbekistan Temir Yollari (Uzbekistan Railways) said in a statement. The company said that soon new overpass would be commissioned for exploitation. Uzbek company underlined that reconstruction of the road overpass would be completed soon and the movement would be opened in near future.…

Uzbekistan: Uzpromstroybank allocates 571 billion soums of loans to entrepreneurs

Joint-stock commercial bank “Uzpromstroybank” is one of the largest financial institutions of the Republic. The bank serves more than one million legal entities and individuals, providing them with various types of banking services. The bank also pays significant attention to the financial support of small business and private entrepreneurship entities. Over the first half of…

Uzbekistan considering trade-economic relations with France

On August 11, Ambassador Extraordinary and Plenipotentiary of France to the Republic of Uzbekistan Jacques-Henri Heuls paid a visit to the Ministry of Foreign Economic Relations, Investment and Trade of Uzbekistan. During the meeting the parties discussed current issues and prospects of bilateral trade-economic and investment cooperation between two countries. Furthermore the outcomes of the…

Uzbekistan: S&P affirms Turonbank’s rating with stable outlook

Measures undertaken in the country to strengthen the financial stability of commercial banks have a positive effect on their assessment by international rating agencies in terms of creditworthiness. In particular, the implementation of effective banking supervision on the basis of international standards, constant monitoring of quality of assets and liquidity of banks have allowed domestic…

Uzbekistan and China discuss trade-economic ties

On August 9, the Ministry of foreign economic relations, investments and trade of Uzbekistan hosted a meeting with Advisor on trade and economic issues of the Embassy of the People’s Republic of China in Uzbekistan Jin Yulong.

During the meeting, the sides discussed current state of bilateral trade-economic, investment and financial-technical cooperation. (UzDaily/Business World Magazine)

Uzbekistan: KT Corp. to produce electric meters

On August 9, Vice President of business development, global business projects of the company KT Corp. Lee Baek-hee held negotiations at the Ministry of foreign economic relations, investments and trade of Uzbekistan. During the meeting, the sides discussed issues on creation of joint venture and start of production of electronic meters under the project “Implementation…

Uzbekistan: GM Asaka plant starts maintenance works

Annual planned maintenance works were started at the automobile plant of GM Uzbekistan in Asaka city (Andijan region) on August 8, the press service of the company said. GM Uzbekistan underlined that the company would carry out maintenance of main and additional technological equipment, tools, facilities and engineering-communication networks. It is also planned to carry…

Uzbekistan: MTS sells its stake in UMS

SUE “Center of radio communication, broadcasting and television” and MTS signed an agreement to acquire shares of MTS in the authorized fund of JV LLC “Universal Mobile Systems” in the amount of 50.01% of the authorized fund. Thus, SUE “CRCBT” became the sole founder of the mobile operator “Universal Mobile Systems”. As reported on the…

Uzbekistan: delegation of Korea Telecom visits FIEZ Navoi

A delegation of Korea Telecom led by Vice President Mr. Baek-hee Lee paid a visit to the free industrial zone Navoi.

During the meeting the current state and prospects of cooperation in investment spheres were discussed.

Korea Telecom is one of the leading companies in Korea introducing universal telephone and communication services. (UzDaily/Business World Magazine)

Uzbekistan: first Boeing-787 Dreamliner undergoes painting stage

The first airplane Boeing-787 Dreamliner of Uzbekistan Havo Yollari (Uzbekistan Airways) underwent painting stage. Photos of the airplane Boeing-787 Dreamliner in the colors of the flag of Uzbekistan were published at microblogging network Twitter. The Boeing-787 Dreamliner will arrive in Uzbekistan in August during the celebrations of the Independence Day of Uzbekistan. The Boeing 787…

Uzbekistan: construction of Tashkent-4 terminal to cost $336 million

The cost of the project on construction of new international passenger terminal of Tashkent Airport (Tashkent-4) will make up $336 million. Investment project “Construction of new international passenger terminal of Tashkent Airport (Tashkent-4)” is implemented in cooperation with the Republic of Korea. Korea International Cooperation Agency (KOICA) provided a grant for development of the feasibility…