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This week, Uzbekistan intends to increase the state shares invested in the authorized capitals of commercial banks by $500 million in aggregate. This will be done in accordance with the decree signed several days ago by the president of the republic, Shavkat Mirziyoyev. This decision was made with a view to improving the financial stability of the national banking system and further supporting the process of capitalization of commercial banks, which will allow them to expand their participation in financing many investment projects and in supporting the entrepreneurship.


The Uzbek Minister of Internal Affairs, Major-General Abdusalom Azizov and the delegation of CASIC (Chinese Aerospace Research and Industrial Corporation) have discussed the introduction of the “Safe City” system in Tashkent. According to the press service of the Uzbek Interior Ministry, Azizov said this visit is a consistent continuation of bilateral cooperation of the friendly countries, which received a new impetus after the recent visit of the Uzbek president to China.


Uzbekistan is considering the possibility of becoming the operator of the TAPI (Turkmenistan-Afghanistan-Pakistan-India) gas pipeline that is currently under construction. The chairman of the board of the national holding company “Uzbekneftegaz,” Alisher Sultanov, reported the news during the meeting of the International Press Club. “Most likely, we will become the operator of this project. Our Turkmen colleagues are holding a selection contest for an operator that would be able to organize the work across the entire pipeline (about 1,735 km).


Uzbekistan has approved the program of modernization of the republic's coal industry in the coming years. The reason for the adoption of this document was a number of serious shortcomings discovered in the work of the state monopoly “Uzbekugol.” The main of them are: the weak production discipline; the ineffective operation of the company's equipment; the serious lag in the modernization of capacities, which leads to a lack of progress in the implementation of many investment projects.



In the next three years, Uzbekistan is going to bring the annual volume of gas exports to China to the level of 10 billion cubic meters. Alisher Sultanov, Chairman of the Board of the Uzbekneftegaz NHC, provided this information during the meeting of the international press club held in Tashkent on June 15. According to him, this is stipulated in the medium-term agreement that was signed during the visit of President of Uzbekistan Shavkat Mirziyoyev to China in May 2017.



President Shavkat Mirziyoyev has approved the investment agreement concluded with Peugeot Citroen Automobiles S.A that provides for the establishment of production capacities in Uzbekistan for the assembly of French cars. As reported by local media, in accordance with this document, this project will be implemented in the territory of the special industrial zone “Djizak.” Its participants will receive a number of unprecedented customs and tax benefits.


The management of Gazprom International held a series of meetings with the heads of a number of oil and gas companies of other countries, during which the parties discussed the key issues related to bilateral cooperation in the oil and gas sector. In particular, representatives of Gazprom International took part in the official ceremony of signing the agreement on strategic cooperation, which was concluded between Gazprom and the national holding company Uzbekneftegaz.


In October 2017, Uzbekistan plans to adopt a law on public-private partnership. The relevant draft law has been published online for public discussion. In accordance with the schedule drawn up by the Ministry of Justice of the Republic, the new law will be adopted and put into effect before the end of October.



In the near future, Uzbekistan plans to begin actively applying the practice of the so-called Double Degree program (the double diplomas program). According to the Ministry of Secondary Special and Higher Education of the Republic, this practice has spread and gained great popularity in the universities of many other countries. Some of the local educational institutions applied for the introduction of this practice in Uzbekistan.



By 2020, Uzbekistan's cement plants will switch to the dry mode of production, which will be more economical than the traditional technology. This is envisaged by the presidential decree of May 26, 2017. Moreover, it is part of the 2017-2020 program of measures aimed at increasing the level of energy efficiency in the republic's economy and social sphere. The Fund for Reconstruction and Development of Uzbekistan will act as the source of financing for this large-scale project; Uzbek commercial banks will provide the necessary loan funds.