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Business & Economics

29.04.2017

The Russian agricultural firm KRIMM (Tyumen Province) has concluded an agreement with the agricultural company AGROVER. The document provides for the supply of 600 tons of elite-class seed potatoes of the varieties Red Scarlet and Rosara to Uzbekistan. Earlier, the Russian company concluded an agreement with the Uzbek side on the supply of 2,000 tons of food potatoes to the republic. After that, the sides decided to expand mutual partnership.

 

28.04.2017

At present, the Russian concern Gazprom is preparing for signing the production sharing agreements for development of a number of new deposits discovered in Uzbekistan. Vitaly Markelov, deputy chairman of the board of the concern, announced this news in an interview with a corporate magazine. In his words, the Dzhel field was discovered in the territory of Ustyurt Province of the republic as a result of the large-scale geological exploration carried out by Gazprom.

 

28.04.2017

During the upcoming harvesting campaign, Turkmenistan plans to use the new equipment of the world-famous manufacturer John Deere: primarily, the harvesters. According to the Ministry of Water and Agriculture, in accordance with the contract concluded with the company “John Deere International GmbH,” Turkmenistan will acquire 1,350 units of agricultural machinery. They will be delivered in three stages, before the end of 2020.

 

28.04.2017

Kazakhstan is successfully developing economic cooperation with China, as evidenced by the establishment of the Union of Chinese Entrepreneurs in Almaty. As reported by the Chinese News Agency Xinhua, the main purpose of the new association is to promote the further development of trade and economic ties between business representatives of the two countries. According to the participants of the first association of Chinese entrepreneurs, they intend to “bring the cooperation between China and Kazakhstan to a new level.”

 

28.04.2017

In 2016, the production of cars in Uzbekistan decreased by 2.1 times, amounting to 92,625 units. “Uzavtoprom” reported these figures on April 25. The production of passenger cars at the GM Uzbekistan enterprise located in Asaka (Andijan Province) totaled 88,200 cars, which is 2.1 times less than the 2015 result. The second enterprise of the automobile industry of the republic, the Samarkand Automobile Plant, produced 3,420 cars (down by 11.4 percent against the 2015 figure), 2,512 trucks (down by 17.8 percent) and 908 buses (up by 20.4 percent).

 

28.04.2017

By 2020, the first toll roads will be built in Uzbekistan. A representative of the government of the republic announced this news to journalists. In his words, the project for construction of the first toll road from Tashkent through Samarkand to Bukhara is being developed. According to him, this road will be a separate highway parallel to the existing one.

 

26.04.2017

In Kazakhstan, the potential difficulties related to refinancing debts with approaching maturity and the high currency risks are the key risks for most of the country's listed energy companies in the current difficult market conditions. The experts of the international rating agency Fitch Ratings expressed this opinion. According to them, the energy companies are subject to liquidity reduction risks due to the negative free cash flow, higher leverage and more limited access to capital markets in comparison with companies in Russia and Eastern Europe.

 

26.04.2017

In Q1 2017, Kazakhstan decreased the volume of cash in circulation by 5.9 percent, bringing it to one trillion 645 billion tenge. The press service of the National Bank of the country reported this information on April 24. Since the beginning of 2017, the monetary aggregate M1 (cash and liquid deposits in the national currency) increased by 7.1 percent, reaching 4 trillion 927 billion tenge. In addition, the M2 indicator (cash, all deposits in the national currency and liquid deposits in foreign currency) increased by 1.1 percent to 12 trillion 726 billion tenge.

 

26.04.2017

In the first quarter of 2017, over 700 kilometers of roads of the general-use category were repaired in Uzbekistan. This information was reported during the press conference on April 24, which was participated by representatives of the State Committee for Roads of the Republic. During the same time, there were completed road works worth UZS59.7 billion within the framework of investment programs.

 

In addition, capital repair works worth UZS9.4 billion were carried out. A total of UZS195.3 billion were spent on repair and maintenance.

 

26.04.2017

This year, Uzbekistan plans to increase the production of grapes to the level of 1.9 million tons. Representatives of the Uzvinprom Holding announced the news. As reported by local media, over the past years the country has increased the area of vineyards in all categories of farms by more than 7,000 hectares. This has made it possible to increase the total production of grapes by 136,000 tons in 2016. As a result, the total grapes production was brought to the level of 1.7 million tons.