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Uzbekistan

11.05.2017

In accordance with the decree signed by President of Uzbekistan Shavkat Mirziyoyev on May 9, the senior officials of executive bodies of the republic shall bear personal responsibility for systemic and purposeful work aimed at creating new jobs, rendering practical assistance to enterprises in various sectors of the economy and business.

09.05.2017

In the period September 24, 2016 – January 24, 2017, the virtual reception of President Shavkat Mirziyoyev received almost 47,000 appeals regarding the activity of the republic's Ministry of Internal Affairs. During the press conference held on May 2, Interior Minister Abdusalom Azizov said that the Uzbek population expected great changes in the work of law enforcement bodies. According to him, promoting young employees may solve many problems.

 

09.05.2017

A scientific and practical republican conference devoted to the topic “Uzbekistan's Export Potential: Prospects and Necessary Growth Conditions” was held in Tashkent. It was organized by the Banking and Finance Academy. As noted during the event, the analysis of the structure of Uzbek exports shows the changes towards its diversification. For example, in 1990, the export of cotton fiber amounted to 60 percent of the total share of exports. In 2016, this indicator decreased to 5.1 percent. In other words, there was an almost 12-fold drop.

 

08.05.2017

In Uzbekistan, an institution has been set up under the President of the Republic to protect the legitimate interests and rights of business entities. This is stated in the text of the presidential decree dated May 6, 2017. According to the document, the purpose of this institution is to ensure the protection of legitimate interests and rights of business entities, to prevent unjustified interference in their activities on the part of state bodies, and to further strengthen and develop legal mechanisms. In addition, it will also enhance the inviolability of private property.

08.05.2017

The Japanese companies Marubeni Utilite Services and Kawasaki Heavy Industries have launched a modernization project for the Ferghana thermal power plant. According to representatives of Uzbekenergo, the project envisages introducing 17 MW high-efficiency cogeneration units at the TPP, and 7 MW units at the Ferghana boiler house RK-3. The cost of the project is $83.6 million. Its funding is provided through grants totaling $49.5 million from NEDO (the Japanese Organization for Development of New Industrial and Energy Technologies), and Uzbekenergo's own funds.

 

08.05.2017

An Uzbek delegation headed by chairman of the State Committee for the Development of Tourism of the Republic Anwar Sharapov paid an official visit to Malaysia with the aim of establishing stable ties between the subjects of the tourist business of the two countries. Other objectives of the visit included promotion of increased tourism exchange between Uzbekistan and Malaysia, as well as attraction of Malaysian investors to the construction of modern tourism infrastructure in Uzbekistan.

 

08.05.2017

In Uzbekistan, a facility for production of cosmetic products under the South Korean license has been established in the territory of the “Navoi” special industrial economic zone. The new plant produces about 200 kinds of cosmetics by Korean technologies under the La Core brand; its annual production volume is up to 3 million units. Representatives of the management of the new enterprise reported the news during the recent press conference.

 

07.05.2017

In Uzbekistan, seven new free economic zones were created simultaneously by presidential decree of Shavkat Mirziyoyev. These zones will specialize in the cultivation of plant medicinal raw materials in special environmental conditions; in addition, they will be engaged in the processing of such materials. These zones will start functioning in the near future under the following names: Zomin Pharm, Nukus Pharm, Sirdaryo Pharm, Kosonso Pharm, Bustonlik Pharm, Boysun Pharm and Parkent Pharm.

 

07.05.2017

Uzbekistan and the European Union are negotiating on the issues related to creation of the Council for Investment and Trade. This structure will begin its work before the end of 2017. The head of the EU delegation in Tashkent, Eduard Stiprem, reported this news on May 4, during a meeting with representatives of the media. “We and the Uzbek side have been discussing the establishment of the Council for Investments and Trade. The structure will be participated not only by officials, but also by representatives of European companies and firms, as well as Uzbek entrepreneurs.

07.05.2017

In the territory of Jizzakh Province of Uzbekistan, plans are afoot to build a pipeline running to the border with Kazakhstan. It will deliver hydrocarbon raw materials to the new oil refining complex. According to the national holding company “Uzbekneftegaz,” the construction of the complex began in late April 2017. Its total cost will be $2.2 billion, and the projected annual processing capacity is 5 million tons.

 

A significant part of the raw materials will come to the enterprise from Russia and Kazakhstan.