Monday, 23, December, 2024

Economy

The Ministry of Energy of Uzbekistan and the United States Agency for International Development (USAID) yesterday signed a Memorandum of Understanding (MoU) in Tashkent.

24th Session of the Uzbek-British Trade and Industry Council (UBTIC), co-chaired by the Uzbek Deputy PM Elyor Ganiyev and Baroness Emma Nicholson of Winterbourne, will be held on February 26-March 1 in Tashkent.

On February 18-20, a delegation of the Uzbek Ministry of Investments and Foreign Trade, headed by S. Umurzakov, visited Munich on a working visit and met with the Adviser to the Minister-President of Bavaria/Head of Europe, International Relations, Mass Media Department of the State Chancellery Dr. Thomas Gruber for the implementation of the road map of the visit of the President of Uzbekistan to Germany.

Uzbekistan and Tatarstan plan to sign a new Cooperation Agreement. This became known after the talks of First Deputy Prime Minister/Minister of Transport of Uzbekistan Ochilboy Ramatov with the President of Tatarstan Rustam Minnikhanov.

Uzkimyosanoat (Uz Chemical Industry) and Samsung Engineering will build a US$ 600 million urea and ammonia production plant in Uzbekistan, the presidential press service said.

Tashkent city mayor's office has plans to contribute US$ 2.7 billion for the 2019 investment program, the deputy mayor Sharof Rakhmanov announced at a press briefing.

President Shavkat Mirziyoyev today began a trip to the Syrdarya province, the presidential press service said. The trip began with the visit to Sirdaryo Universal Oyna enterprise in Syrdarya district and familirizing with the process of manufacturing of pharmaceutical and food glass containers.

Uzbekenergo and Russian Power Machines are working on a phased modernization of power units at the Syrdarya thermal power plant, Uzbekenergo said.

The Uzbekistan Committee on Geology and Mineral Resources (GeoComm) and the Turkey’s Geological Authority (MTA), signed the agreement on geological exploration for gold and tungsten in three sites, the Committee said.

The Deputy Investments Minister Badriddin Abidov met with the Georgian Deputy Foreign Minister Alexander Khvtisiashvili Monday as part of the 11th round of political consultations between the foreign ministries of the two countries .

Investors from the UAE proposed to open a casino in Muynak, Karakalpakstan. The Uzbek Prosecutor General Office confirmed it is closely considering the issue along with other relevant bodies, a government source told The Tashkent Times.

GM Uzbekistan plant in Andijan will change its name, the acting deputy chairman of the Uzavtosanoat responsible for technical policies and localization Azizbek Shukurov said. 

The Chinese Huaxin Cement will build a new cement plant in Zafarabad district, Jizzakh province, a government resolution said.

By the presidential decree, a number of oil & gas, energy sector bodies have been handed over from the Cabinet of Ministers to the Ministry of Energy .

Novovoronezh NPP In Russia, will be prototype of the first nuclear power plant in Uzbekistan. A group of Uzbek journalists visited Novovoronezh NPP to familiarize themselves with the nuclear plant, with the visit co-organized by the Rosatom Corporation and Uzatom Agency.

Deputy Prime Minister Alisher Sultanov will be in charge of the newly formed Ministry of Energy, to be created through the merger of Uzbekenergo, Uzbekneftegaz, and Uzbekgidroenergo.

The Organization for Economic Cooperation and Development (OECD) has improved Uzbekistan's credit risk rating, moving the country from point 6 to point 5, the Uzbek finance ministry said Saturday.

Uzbekistan is ready to work on the implementation of the Kambar-Ata-1 HPP construction project, the Uzbek Ambassador to Kyrgyzstan Komil Rashidov said at a briefing on Tuesday.

The German Graess Energy has begun construction of a solar power plant in Muinak, Karakalpakstan, a source at Uzbekenergo told Tashkent Times.

The unemployment rate in Uzbekistan topped 9.3% in 2018, the Employment Ministry said based on sociological survey conducted in 66 cities and townships.