Uzbekistan Airways sums up 2008 results
Uzbekistan is continuing implementation of the State program of civil aviation development until 2020. The scheme envisages full modernization and unification of the aircraft park, creation of the modern base for technical service of western-made liners, development of land infrastructure, reconstruction of the air traffic management system and creation of the own base for preparation of high-skilled specialists.
Contest among banks held
The ceremony of awarding the winners of the best banks of Uzbekistan attracting the population’s deposits was held in Tashkent. The annual contest was organized for the first time by the Central Ban and the Banks Association.
Rostekstroy JV launched in Bukhara
New Uzbek-Russian joint venture Rostekstroy was launched in Kavola village of Bukhara district. The company was set up in cooperation with Moscow-based Textile LLC.
New joint venture set up in Fergana
Last year, more than 10 joint ventures were created in Fergana region. Recently, Uzbek-South Korean joint enterprise Korea Hana Medical was commissioned.
ADB to provide USD 450 million to Uzbekistan
The Asian Development Bank is an effective partner of Uzbekistan in implementing large projects in leading economic sectors, education, agriculture and transport. In the comin three years, the bank plans issuing about USD 450 million to Uzbekistan.
Daewoo International to invest in oil and gas in Uzbekistan
Daewoo International corporation is planning to invest in geological exploration works in Ustyurt oil and gas region of Uzbekistan in 2009-2011.
Joint Statement by the Government and the Central Bank of the Republic of Uzbekistan and the International Monetary Fund
A mission of the International Monetary Fund (IMF) visited Tashkent during December 8-19, 2008. The mission was headed by Ms. Sena Eken, assistant director in the Middle East and Central Asia Department of the IMF.
Uzbek-Turkish business forum held
The forum of business circles of Uzbekistan and Turkey was held in Tashkent on 22 December. The event was organized by the Ministry of foreign economic relations, investments and trade of Uzbekistan and the Foreign trade ministry of Turkey.
New venture to produce engines for GM Uzbekistan
General Motors and Uzavtosanoat announced creation of a new joint venture and start of the construction of the plant for production of car engines.
New joint venture with «General Motors» to produce engines
A new joint venture with «General Motors» was established in Uzbekistan to produce car engines. The construction of a new factory of «General Motors Powertrain Uzbekistan» will be started.
New road to shorten way from Ferghana Valley to Tashkent
Capital reconstruction of the 216-274-km part of the Tashkent-Osh road is underway in Ferghana region. Previously, this road of international importance, which links Ferghana and Andijan region with Tashkent, passed through Kokand.
New hotel built in Navoi
New hotel called Registon was built on the border of Navoi city and Karmana district in Navoi region.
Number of unprofitable enterprises down by 65%
The number of insolvent enterprises in the past five years in Uzbekistan decreased by 70% and the number of unprofitable enterprises by 65%. This was achieved through structural changes and technical and technological re-equipment of enterprises by their new owners.
Tax consulting develops in Uzbekistan
Expert council of the business forum for improvement fo the fiscal policy held a session in Tashkent. Deputies of the Legislative chamber, representatives of the Ministry of finance, State tax committee, Commerce and industrial chamber and other structures participated in the event.
Uzbekistan Airways, Korean Air sign documents
The delegation of the Korean Air company headed by chairman Cho Yang-Ho held talks in a number of ministries and departments of Uzbekistan. During the visit, Uzbekistan Airways, national air company, and Korean Air signed a number of documents.
Uzbek trade and investment house opens in Lithuania
The presentation of the trade and investment house Sagdia, opened in the Lithuanian city of Kaunas, was held in Tashkent.
Uzvinosanoat holds fair
Uzvinosanoat-holding company (wine industry) held a wholesale fair of grape products in 2009. More than 40 industrial and wholesale trade companies, as well as about 20 warehouse companies presented their products and services at the event.
Program of support of real sector approved
On 28 November, President of Uzbekistan Islam Karimov signed a decree approving the Program of measures to support the enterprises of the real sector of the economy, ensuring their stable work and increasing their export potential.
Competitiveness is the basis of industrial development
How can one buy equipment at the manufacturer’s price and who will help to install and provide service to it? The entrepreneurs could receive answers to these questions at the seminars held in all regions of Uzbekistan in the framework of the task to modernize and renew the industrial production, set by President Islam Karimov.
One million cars produced at Asaka plant
The car plant in Asaka, Andijan region produced its one millionth car and launched serial production of Chevrolet Lacetti on 27 November. Last year, Uzavtosanoat (Uzbek Car Industry) company signed an agreement with General Motors on setting up the GM Uzbekistan joint venture. The agreement also allowed moving from assembly of Lacetti (since 2003) to its full-scale production in Uzbekistan.