Uzbekistan: Switzerland to help with water project

Uzbekistan and Switzerland signed an intergovernmental agreement on realization of a project “National management of water resources in Uzbekistan”. Deputy Minister of Agriculture and Water Management of Uzbekistan Shavkat Hamraev and Extraordinary and Plenipotentiary Deputy Ambassador of Switzerland in Uzbekistan Thierry Umbehr signed the document. According to information service of the ministry, Switzerland will issue…

Uzbekistan: minimum wage to go up

The President of the Republic of Uzbekistan signed a decree to increase the wage of employees of budgetary institutions and organizations, pensions, stipends and grants on average 1.15 times (15%). The document comes into effect on October 1. According to the decree, the minimum wage rate on the territory of the Republic of Uzbekistan will…

India: GoAir to conduct flight to Uzbekistan

Indian low cost airline GoAir received a permission to carry out flights to Uzbekistan. Local mass media reported that the Government of India had provided permission to GoAir to conduct flights between Uzbekistan and India. GoAir Chief Executive Officer Wolfgang Prock-Schauer said that the airline would start conducting flights to Uzbekistan from next summer schedule.…

Uzbekistan: Uzbekcharmpoyabzali to produce 8.7 million pairs of shoes in 2016

The main objectives of the Association “Uzbekcharmpoyabzali” are to coordinate the activities of the industry via storing up and processing the raw leather, produce competitive leather products, shoes and leather goods, as well as introduce advanced technologies, modernize and technically re-equip the industry. Today the Association unites over 80 enterprises. The main directions of further…

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…