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Business & Economics

07.06.2017

According to the decree of President Shavkat Mirziyoyev, the State Committee for Veterinary Medicine has been established in Uzbekistan. This structure will become part of the government's complex on water and agriculture, consumer goods and processing of agricultural products. It is formed on the basis of the Main State Veterinary Administration under the Ministry of Water and Agriculture of the Republic.

 

07.06.2017

The government of the republic of Uzbekistan has approved a list of gold deposits to be transferred for development with the attraction of foreign investments. According to the decree of the Cabinet of Ministers published on June 5, the list contains 12 gold deposits. It includes the deposits of gold-sulphide and gold-quartz ores located in the territory of four regions: Navoi, Samarkand and Tashkent provinces, and the autonomous republic of Karakalpakstan. The total gold reserves of the C2 category exceed 14.5 tons in these deposits.

 

06.06.2017

By 2020, about 3,000 container trains will be transported from China to Europe via Kazakhstan. Zhang Xiaodong, deputy head of the Transport Transport Institute of Beijing Transport University, one of the developers of the China Container Transportation Plan, reported this information on June 5. For reference: in 2016, about 1,800 container trains passed from China to Europe in total.

06.06.2017

The JICA (Japan International Cooperation Agency) will allocate $3.9 million dollars (356 million yen) for the second phase of the project for modernization of the Dushanbe international airport. According to the press service of the Ministry of Finance of the Republic, from the Tajik side, the document was signed by head of the department Abdusalom Kurboniyon. From the Japanese side, it was signed by head of the JICA office in Tajikistan Hideki Tanabe.

05.06.2017

The Unified Geological Service has been established in Uzbekistan, as reported by the press service of the State Committee for Mineral Resources and Geology. This was done in accordance with the corresponding decree of President Shavkat Mirziyoyev. “The current decree on establishment of the Unified Geological Service of Uzbekistan will ensure implementation of the unified state policy in the field of geological study, as well as efficient use of mineral resources and their protection.

05.06.2017

The Russian concern Gazprom has signed an agreement on strategic cooperation with Uzbekneftegaz. It envisages interaction of the parties in the process of implementation of new oil and gas projects in the territory of Uzbekistan. This was done during the SPIEF 2017 (St. Petersburg International Economic Forum) on June 2. Gazprom's CEO A. Miller and Chairman of the Board of Directors of Uzbekneftegaz, Deputy Prime Minister of Uzbekistan G. Ibrahimov signed the document.

 

04.06.2017

During the first five months of 2017, Turkmenistan's economy demonstrated high growth rates. Deputy Prime Minister for Finance and Economics B. Khojamammedov made this statement during the government meeting on June 2, which was devoted to the results of the country's socioeconomic development.

04.06.2017

The upper chamber of the Parliament of Kazakhstan (the Senate) has ratified the agreement between the Government of the Republic and the ADB (Asian Development Bank) on granting a bank loan in the amount of over $240 million. The funds shall be spent on reconstruction of a highway. The agreement was signed by the parties in Astana in December 2016. The Asian Development Bank undertook to allocate a loan of $240.3 million to Kazakhstan. These funds will be spent on reconstruction of a two-lane highway with a length of 299 kilometers that connects the settlements of Aktobe and Makat.

04.06.2017

The state budget of Uzbekistan has been executed in accordance with the previously approved parameters, and its surplus exceeded UZS132 billion. This information was reported during the recent regular meeting of the Legislative Chamber of the Parliament of the Republic. Within the framework of the parliamentary control, the deputies considered the report on execution of the state budget and budgets of targeted state funds during 2016 and Q1 2017. The Minister of Finance of Uzbekistan presented this document for consideration by the deputies.

03.06.2017

In 2018, the Abu Dhabi Plaza skyscraper will be commissioned in Astana. It will become the highest building in Central Asia. According to Minister for Investment and Development of the Republic Zhenis Kasymbek, as of today the tower already corresponds to the parameters stated in the project, including the number of floors. “The project envisaged the construction of four towers. Three of them will be commissioned in 2017. The commissioning of the tallest tower is scheduled for 2018,” he said.