According to the Ministry of economy of Uzbekistan, cotton fiber processing volume reached 40% in 2016, while in 1991 it was 7% only. Today the industry exports textile products to more than 50 countries. In recent years the export has been expanded to Brazil, Chile, Croatia, Nigeria and other countries. The Presidential Decree dated December…
Ukraine’s State Treasury Service on February 1, resumed VAT refunding. Government resolution No. 26 approving the rules for keeping the register of applications for return of VAT dated January 25, came into effect. “On February 2, treasury agencies provided for executing applications for UAH 2.187 billion that had conclusions from the State Fiscal Service about…
A delegation of Tajikistan textile and clothing companies took part in a three-day leading international textiles and apparel trade fair Textillegprom. For the seventh time the International Trade Center (ITC) organized participation of Tajik companies at this largest specialized industry event in the Russian Federation. According to ITC Tajikistan, this year the following companies from…
The UAE’s new strategy opens up the opportunities for the intensification of cooperation with Turkmenistan, UAE Ambassador to Turkmenistan Hassan Abdullah Al Adhab said. He added that great success, especially in the economic sphere, had been achieved in the development of the bilateral partnership since the opening of the UAE embassy in Turkmenistan. “We will…
The National Bank of Ukraine (NBU) should gradually quit the tough monetary and credit policy and apply smoother monetary tools to provide for the development of the national economy, Head of the NBU Council Bohdan Danylyshyn has said. “The right monetary and credit policy is the third element of the economic growth. I think that…
The American-Uzbek Chamber of Commerce held its regular meeting. Representatives of some 30 major US companies, including General Motors, General Electric, Caterpillar discussed the current state and priority directions of economic and investment cooperation, aimed at further strengthening mutually beneficial business relations between Uzbekistan and the United States. The Uzbek side at the meeting was…
Active investment policy in the past year resulted in the implementation of 164 projects worth $5.2 billion and the creation of 5329 new jobs. 9 projects were implemented in the oil and gas industry, 20 in non-ferrous metallurgy, 5 in the electricity sector, 3 in mechanical engineering, 13 in electrical engineering, 17 in light industry,…