DAILY NEWS HERALD #135 Public Relations and Mass Media Department of the MFA July 12, 2018

posted 13 Jul 2018, 11:24 by Webmaster Ambasciata

Investments. 1

About 6,300 enterprises with foreign capital operate in Uzbekistan. 1

Free economic zoneS. 1

Free economic zone “Bukhoro-Agro” to be created in Uzbekistan. 1

Central Asia - the priority of foreign policy of Uzbekistan.. 2

The Central Bank of Uzbekistan signed an Agreement with the National Bank of Kazakhstan. 2

International relationships. 2

Meeting with the Ambassador of Slovenia. 2

The World Bank delegation visits Uzbekistan. 2

Society.. 3

Coworking Centers Expand to Cover Uzbekistan’s Regions. 3

UZBEKISTAN - THE COUNTRY OF TOURISM... 3

Number of foreign citizens, entering Uzbekistan, reaches 2.68 million people. 3

 

 

investments

About 6,300 enterprises with foreign capital operate in Uzbekistan

As of 1 July 2018, the number of operating enterprises with participation of foreign capital in Uzbekistan made up 6,294 units.

State Statistics Committee said that in comparison with the previous year, the growth in the number of operating enterprises reached 20.3% or 1061 units. Of these, 3447 units are joint ventures and 2847 units – foreign enterprises.

The bulk of enterprises with foreign capital participation registered in Tashkent city (4,044 units or 64.3%), Tashkent region (695 units or 11.0%) and Samarkand region (335 units or 5.3%).

The smallest number operate in Khorezm (52 units or 0.9%), Kashkadarya (62 units or 1.0%), Navoi (71 units or 1.1%) and Surkhandarya (97 units or 1.5%) regions.

If we consider the number of operating enterprises with the participation of foreign capital by type of economic activity by state on 1 July 2018, then the largest number falls on the industry - 2634 units (41.8%), trade - 1309 units (20.8%) and other species - 1077 units (17.1%), the lowest - for health and social services - 89 units (1.4%), information and communication - 157 units (2.5%), transportation and storage - 184 units (2.9%), agriculture, forestry and fisheries - 226 units (3.6%), accommodation and food services - 256 units (4.1%) and construction - 362 units (5.8%).

In January-June 2018, 963 enterprises with foreign investments were created Uzbekistan. In comparison with the previous year, the growth in the number of operating enterprises increased 2.8 times and amounted to 617 units.

About 193 enterprises were created with Russian capital, 150 – Turkish capital, 138 – Chinese capital, 107 – Kazak investments and 84 – Korean investments.

In 2018, residents of Afghanistan, India, Germany, Ukraine, Azerbaijan and others opened enterprises with foreign investments in Uzbekistan.

If we consider newly created enterprises with the participation of foreign capital by types of economic activity, the bulk falls to industry - 303 units (31.5%), trade - 265 units (27.5%), construction - 93 units (9.7%), agriculture, forestry and fisheries - 79 units (8.2%) and other activities - 223 units (23.1%).

(Source: UzDaily.com)

free economic zoneS

Free economic zone “Bukhoro-Agro” to be created in Uzbekistan

The free economic zone Bukhoro-Agro is created in Uzbekistan. The free economic zone is being created in Bukhara region.

President of Uzbekistan Shavkat Mirziyoyev signed a resolution “On measures to create a free economic zone “Bukhoro-Agro” on 10 July 2018.

Modern greenhouse farms will be constructed in the FEZ, including with use of hydroponics technology based on cluster form. To create greenhouses, foreign and local investments will be attracted.

Within the framework of the project, production of structures, equipment and other components for the construction of energy-saving greenhouses will be established.

The FEZ will also create capacities for production, processing and export of agricultural products. The FEZ will also create a modern logistics infrastructure and nurseries for seedlings.

According to the resolution, the FEZ "Bukhoro-agro" will operate for 30 years with the possibility of extension. The FEZ participants will receive tax and customs privileges.

The projects on the territory of Bukhoro-agro will be financed from the funds of international financial institutions, initiators of projects, including direct investments, as well as loans from commercial banks and other sources.

At the same time, the size of the project initiator’s own funds cannot be less than 25%.

(Source: UzDaily.com)

Central Asia - the priority of foreign policy of Uzbekistan

The Central Bank of Uzbekistan signed an Agreement with the National Bank of Kazakhstan

As reported by the Press Service of the Central Bank of Uzbekistan, the delegation of Uzbekistan visits the National Bank of the Republic of Kazakhstan.

During the official meeting between the Central Bank of the Republic of Uzbekistan and the National Bank of the Republic of Kazakhstan, an Agreement on cooperation in the field of banking supervision was signed, which will create a legal basis for banks to enter banking market of the parties and will contribute to strengthening bilateral banking cooperation.

According to the Agreement, Uzbekistan and Kazakhstan in accordance with national legislation will cooperate in exchange of information on significant innovations and changes that affect banking sector of the two countries, as well as on issues of normative-legal regulation, control and supervision, to the extent which is permitted by the national legislation.

The Central Bank of the Republic of Uzbekistan and the National Bank of the Republic of Kazakhstan positively assessed the reached agreement and expressed hope that the document will contribute to development and strengthening the banking and financial sector of the two leading economies of Central Asia.

(Source: UzA)

International relationships

Meeting with the Ambassador of Slovenia

On July 11, 2018, a meeting with the Ambassador Extraordinary and Plenipotentiary of the Republic of Slovenia with the residence in Moscow Primozh Sheligo was held at the Ministry of Foreign Affairs of the Republic of Uzbekistan.

At the meeting, the sides exchanged views on state and prospects of further development of bilateral relations in various spheres and “Uzbekistan – EU” format.

Mutual interest was expressed in resuming practice of inter-ministerial political consultations after a long pause since 1999.

At the meeting it was proposed to establish and start regular activities of such a productive cooperation institution as Intergovernmental Commission on trade and economic cooperation.

In connection with the completion of diplomatic mission in Uzbekistan, the Ambassador was expressed gratitude for his constructive contribution to strengthening relations between the two countries.

(Source: Web site of the MFA of the Republic of Uzbekistan)

The World Bank delegation visits Uzbekistan

On July 12, 2018, the World Bank delegation led by Vice President for Europe and Central Asia Cyril Muller arrived in Tashkent.

The program of the visit includes meetings and negotiations in the Government, the Senate of the Oliy Majlis of Uzbekistan.

The delegation will also take part in Uzbekistan – Switzerland business forum.

(Source: Web site of the MFA of the Republic of Uzbekistan)

Society

Coworking Centers Expand to Cover Uzbekistan’s Regions

A network of coworking centers, Yosh Tadbirkorlar (Young Entrepreneurs), as well as production complexes Yoshlar Mehnat Guzari (Youth Work Center) are intended to be set up across Uzbekistan.

Coworking centers will be organized to provide young entrepreneurs with preferential terms of renting premises, office equipment and consumables, access to the internet, and other assistance in implementing initiatives, including the development of business plans, consulting, legal, accounting and other services, the organization of forums, workshops and seminars.

The complexes Yoshlar Mehnat Guzari are to emerge in the labor-surplus areas for the creation of trade and household and small production sites.

The construction of coworking centers and complexes will be carried out on the basis of public-private partnership. District hokimiyats are instructed allocate land plots to private investors through direct negotiations and vacant premises for the construction and accommodation of coworking centers and complexes. They will also provide, through additional sources of local budgets, piping and connection to utilities, including electricity, gas and water supply networks.

For its part, private investors will have to finance at least 70% of the cost of construction works and ensure the commissioning of facilities in the agreed time and in accordance with standard designs. In addition, they will undertake to provide young entrepreneurs with premises in these centers and complexes at affordable prices.

For this, a number of benefits and preferences are to be granted for them from the government. Thus, the funds assigned for the construction of coworking centers and complexes, for example, will be deducted from their tax base.

(Source: «Uzbekistan Today» newspaper)

UZBEKISTAN - THE COUNTRY OF TOURISM

Number of foreign citizens, entering Uzbekistan, reaches 2.68 million people

The number of foreign citizens, who entered Uzbekistan in the first half of 2018, made up 2.688 million people, which is 91.6% more compared to the same period of 2017.

According to the press service of the State Committee for Tourism, the number of tourists from countries, for which a visa-free regime was introduced, increased significantly.

In particular, more than 31,960 people (+ 95.6%) came from Turkey, 6,200 people (68.1%) from Japan, 3,610 people (+ 86.2%) from Israel, 750 people (more than three times) from Indonesia, as well as 424 people (more than 2.5 times) from Singapore.

In June, there was an increase in the number of people who arrived from the Republic of Korea (57.5%) and Malaysia (2.6 times), although there was a slight decline until May 2018.

(Source: UzDaily.com)

 

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