Category Archives: Economics

Uzbekistan National Interbank Processing Center and Mastercard signed a Memorandum

Uzbekistan National Interbank Processing Center (NIPC) and Mastercard international payment system signed a Memorandum of Intent. It is planned to cooperate in two main directions of development of non-cash payments. The first is to support accepting HUMO payment cards for payment in the international Mastercard network – issuing HUMO International cards. NIPC Director Sh. Kurbanov

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JIZZAKH INTERNATIONAL INVESTMENT FORUM

Jizzakh International Investment Forum will be held from August 29 to 30. The forum is co-organized by the Committee for Investments and the Jizzakh province governor’s office. The forum will be hosted by the Jizzakh free economic zone. The purpose of the event is to familiarize businesses and international organizations in Uzbekistan with the state of

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Unique project for Central Asia

President of the Republic of Uzbekistan Shavkat Mirziyoyev got acquainted with the progress of metro construction in Sergeli district. Construction of Sergeli line of Tashkent Metro, the length of which is 7.1 kilometers, is planned to be completed by 2020. The line is being built on a new for Central Asia trestle method. The stations

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LAW OF THE REPUBLIC OF UZBEKISTAN: On Public Procurement

Law on Public procurement

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Business forum will strengthen cooperation

Bukhara hosted Uzbek-European silk forum and a show of national clothes made from natural silk. Uzbekistan ranks third in the world by volume of cocoon production after China and India, and per capita – the first in the world. In 2017-2021, due to an increase in production of cocoons by 2 times, as well as

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DEVOTED TO IMPROVEMENT OF PUBLIC SERVICES

On April 4, the President of the Republic of Uzbekistan Shavkat Mirziyoyev chaired a meeting devoted to the analysis of activities and further important tasks in the field of public services provision to the population and business entities.  The lack of information and communication resources and databases in a number of government bodies still creates

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ELECTRONIC INFORMATION SYSTEM AND ELECTRONIC DATABASE ON 50 PUBLIC SERVICES TO BE CREATED IN UZBEKISTAN

Provision of each type of public service is envisaged to be simplified on the principle “Moving documents, not citizens”, primarily due to independent receipt by authorized state bodies and other organizations of necessary documents and information from other structures. It was noted at the meeting devoted to the analysis of activities and further important tasks

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SHAVKAT MIRZIYOYEV: “IN THE COMING YEARS, THE BEST INVESTORS WILL COME TO NAVOI REGION”

During the visit of President Shavkat Mirziyoyev to Navoi region, presentation of promising projects was held, which will be implemented in “Navoi” free economic zone.  22 projects were implemented in this zone in 2010-2016, and 904 workplaces were created. The new plan envisages implementation in 2018-2019 of 32 projects and creation of 1,659 jobs with

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Uzbekistan has joined to the Cape Town Convention and its Protocol on Aviation Equipment

The Cape Town Convention is a significant shoot forward in the field of international aviation law. It implies an international guarantee and is a unique means of protecting creditors and lessors of aircraft, aircraft engines and helicopters. At present, the member states of the Convention are 73 states: Great Britain, Germany, Italy, China, USA, Turkey,

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Summary of 2017 in foreign trade policy of the Republic of Uzbekistan

As a part of the economic system reform of the Republic of Uzbekistan, over the past period the Ministry has initiated several policies on liberalizing foreign economic activity and increasing the export potential of the Republic. In foreign economic sphere, the strategy of expansion and strengthening of trade and economic relations with foreign countries was

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