24 June 2017
AUCC is honored to welcome our new member WHITE64!
WHITE64 is a full-service advertising agency with a specialty in digital and emerging media. In 2017 WHITE64 celebrated their 53rd year in business, and according to The Washington Business Journal, the firm is the 3rd largest advertising agency in the Washington, DC, market.
22 June 2017
On 21 June 2017, President of Uzbekistan Shavkat Mirziyoyev approved a framework agreement between the Republic of Uzbekistan and the European Bank for Reconstruction and Development on holding operation on Ecological Rehabilitation Account for Central Asia in Uzbekistan.
The document was signed in Tashkent on 16 March 2017 during the visit of the EBRD delegation headed by President Suma Chakrabarti.
Uzbek leader determined the State Inspectorate for Supervision of Geological Exploration of Subsoil, Safe Management of Work in Industry, Mining and Public Utilities Sector under the Cabinet of Ministers of Uzbekistan as the competent body responsible for the implementation of the international treaty.
21 June 2017
Russia’s Uralmashzavod (UZTM) plans to sign a contract for supply of mining equipment with the Navoi Mining and Smelting Combine (NGMK), the press service of UZTM said.
According to the Russian company, NGMK plans to purchase an excavator ECG-5A.
Mikhail Gunitsev, director of the mining equipment division of Uralmashzavod, told Nakanee.
21 June 2017
A delegation of the Microsoft Corporation headed by director for business development in CIS Irina Volk held talks at the Ministry of Information Technologies and Communications of Uzbekistan on 20 June 2017.
According to the Ministry, the parties exchanged views on further plans of Microsoft to expand activities in Uzbekistan in the field of information and communication technologies.
The parties noted development of IT education, innovations, cloud technologies, promotion of outsourcing of IT services, etc.
21 June 2017
AUCC is honored to welcome our new member John Deere!
John Deere is a world leader in providing advanced products and services and is committed to the success of customers whose work is linked to the land -those who cultivate, harvest, transform, enrich, and build upon the land to meet the world's dramatically increasing need for food, fuel, shelter, and infrastructure. Deere & Company (NYSE: DE) employs nearly 57,000 people at John Deere operations around the world.
19 June 2017
Fund for Reconstruction and Development of Uzbekistan (FRDU) will acquire shares of the joint-stock commercial bank Agrobank for US$30 million in 2017.
The Government of Uzbekistan adopted a resolution “On measures to expand production and introduction of biogas plants in the republic for the period 2017-2019”.
According to the resolution, the FRDU will acquire shares of Agrobank worth US$30 million.
19 June 2017
The government of Uzbekistan has approved a program of measures for advanced development of renewable energy and increase in the energy efficiency of the economy and social sector for 2017-2021, the Jahon information agency reported.
The document is aimed at meeting several key tasks. First of all, its implementation will allow diversifying fuel balance through renewable energy sources (RES), by replacing traditional fuels with RES and reducing the share of traditional fuels (coal and natural gas) in the production of electricity and heat.
16 June 2017
One of five Central Asian Republics, Uzbekistan, through a decree this month from Uzbek President Shavkat Mirziyoyev, said it will invest about US$2.65 billion in hydropower development from 2017-2025.
The decree is published in the national database of the Uzbek legislation and indicates the country plans to develop 18 new hydropower projects and modernize 14 existing plants.
15 June 2017
Fazliddin Salomov has been dismissed from the post of chairman of the board of Uzbekenergo JSC, an energy company in Uzbekistan, by the decree of the country’s President Shavkat Mirziyoyev, a source in the company told Trend.
Ulugbek Mustafaev has been appointed new chairman of the energy company.
Fazliddin Salomov, who held this post since September 2016, was dismissed due to shortcomings in resolving the issues related to the reduction of accounts receivable for the supply of electricity in the Uzbek domestic market.
14 June 2017
Uzbekistan’s President Shavkat Mirziyoyev has signed a decree to approve the agreement between Uzavtosanoat JSC and France’s Peugeot Citroen Automobiles S.A. (PSA Group) on creation of a joint venture to produce light commercial vehicles (LCV).
14 June 2017
President of Uzbekistan Shavkat Mirziyoyev called for taking measures to strengthen the people's confidence in the country’s judicial system, Uzbekistan National News Agency (UzA) reported.
The president criticized the cases of corruption, indifference to the people’s concerns and making decisions that violate the principles of justice.
Considerable part of complaints lately coming from citizens have had to do with the activity of courts and judges, and this points to the presence of numerous problems in this sphere, he noted.
8 June 2017
Uzbekistan has offered 29 deposits of strategically important solid minerals, including 12 gold deposits to foreign investors for industrial development.
The investors were also invited to develop eight deposits of tungsten and three deposits of uranium, iron and lithium, each, in accordance with the Uzbek government’s decree.
In addition, potential foreign investors were invited to participate in the geological study of 111 sites prospective for noble, colored, black and rare earth elements.
7 June 2017
The Central Bank of Uzbekistan has received a delegation of the European Investment Bank (EIB) to discuss prospects and investment potential of Uzbekistan's cooperation with the EU bank, including the allocation of credit lines to Uzbek commercial banks for financing projects of small business and entrepreneurship, the Jahon information agency reported.
The EIB delegation was headed by the Bank’s Vice-President Vazil Hudak.
The EIB adheres to the principles of "responsible lending", which means providing funding only to those projects and borrowers that meet stringent environmental, social and other requirements of the EU, as well as "zero tolerance" against prohibited business practices.
6 June 2017
Uzbekistan's upper chamber of parliament said on Tuesday it has appointed Mamarizo Nurmuratov new central bank chairman.
Nurmuratov, who has until now chaired the Senate's budget and economic reforms committee, replaces Faizulla Mullajanov who died last month after serving as the central bank's head for 26 years.
26 May 2017
in partnership with
would like to invite you to participate in a discussion with
Chairman of the Uzbek Chamber of Commerce Mr.
26 May 2017
Uzbekistan could join Trans-Caspian International Transport Route, an ambitious new trade link between China and Europe, as having reliable and effective transportation networks for easy access to global markets is vital for modern economic development and security, particularly for landlocked states.
Uzbekistan, located in the heart of the Central Asia, is a double landlocked country, as it has to go through at least two countries in any direction to reach the sea.
Thus, there is a need for cooperation among all Central Asian nations in order to have access to world markets.
26 May 2017
A set of documents and agreements was signed in Tashkent on May 25 following a meeting of the Uzbekistan-Turkey Intergovernmental Commission for Trade and Economic Cooperation and the Uzbekistan-Turkey business forum.
The documents and agreements, worth more than $2 billion, envisage the implementation of around 30 projects in pharmaceutics, textile industry, electro-technical, construction and banking sectors.
The state and prospects of trade, economic, financial and technical cooperation between Uzbekistan and Turkey were mulled at the meeting.
11 May 2017
Sodiq Safoyev, First Deputy Speaker of the Senate of Parliament of Uzbekistan and European Bank for Reconstruction and Development (EBRD) Governor for Uzbekistan, spoke about the country’s strategic reform program at the EBRD 2017 Annual Meeting in Cyprus. He stressed the importance of regional integration and highlighted Uzbekistan’s potential for growth, the EBRD Press Office reported on May 10.
“The EBRD is back [in Uzbekistan] and we’re renewing, starting a new page of our cooperation,” Safoyev said.
8 May 2017
Uzbek President Shavkat Mirziyoyev by his decree has established an institution of the authorized representative (ombudsman) for the protection of rights and legal interests of business entities under the country’s president, the Uzbekistan National News Agency (UzA) reported.
The main tasks and activity directions of the business ombudsman are to participate in the formation and implementation of Uzbek state policy in the field of entrepreneurship development, protect the rights and interests of entrepreneurs, implement control over observance of their rights and interests by state bodies, including law enforcement and controlling bodies, according to the decree.
The business ombudsman will also render legal support to entrepreneurs while auditing their activity, as well as evaluate the impact of the adopted normative legal acts on entrepreneurial activity and prepare proposals for improving legislation.
5 May 2017
AUCC is honored to welcome our new member Travelport!
Travelport (NYSE: TVPT) is a leading Travel Commerce Platform, providing distribution, technology, payment, mobile and other solutions for the $8 trillion global travel and tourism industry.
» 14 April 2017: World Bank helps improve higher education in Uzbekistan
» 10 April 2017: ADB Launches Climate Financing Database
» 10 April 2017: Shaping Asia’s Energy Future
» 7 April 2017: Uzbekistan appoints head of State Committee for Investments
» 6 April 2017: Uzbekistan, Russia ink contracts worth 16B
» 6 April 2017: Raising Productivity Growth is Critical for Middle-income Asia — ADB Study
» 30 March 2017: Uzbek Senate ratifies agreement on CAREC Institute establishment
» 29 March 2017: Uzbek Senate ratifies agreement with Russia
» 29 March 2017: Uzbekistan’s NMMC starts building new hydrometallurgical plant
» 29 March 2017: Azerbaijan and Uzbekistan develop a new transit route from Central Asia and Afghanistan – presentation to be held on 26-27 April
» 7 March 2017: Japan allocates over $500,000 for social projects in Uzbekistan
» 3 March 2017: IFC Supports Transformation of Cotton Sector in Uzbekistan
» 3 March 2017: ADB President Visits Uzbekistan to Strengthen Partnership, Signs 4 New Loan Agreements
» 3 March 2017: Amendments to expect in IP legislation of the Republic of Uzbekistan in 2017
» 3 March 2017: Uzbek president to visit Turkmenistan
» 2 March 2017: NAC Uzbekistan Airways to receive Full-flight-simulator-Boeing-767
» 2 March 2017: President of Uzbekistan holds talks with Vice President of General Electric company
» 1 March 2017: The Office of the United States Trade Representative releases President Trump’s 2017 Trade Policy Agenda
» 27 February 2017: Turkey, Uzbekistan sign deals to boost trade
» 25 February 2017: Uzbek FM receives US Deputy Assistant Secretary of State
» 21 February 2017: New Report Outlines Actions to Leverage Islamic Finance for Development
» 21 February 2017: Swift signs Turkmenistan and Uzbekistan communities to KYC Registry
» 20 February 2017: Uzbek delegation attends SCO consultations in Moscow
» 17 February 2017: Hyatt Regency Tashkent and "AUCC Members and Friends" Special Rate
» 17 February 2017: Uzbekistan fruit and veg exports double in January
» 17 February 2017: Guarantee Fund to appear in Uzbekistan in support of small business
» 10 February 2017: AUCC and the Republic of Uzbekistan: Shared Vision for Result-Oriented Trade and Investment Agenda
» 30 January 2017: Agenda: 2017 US-Uzbekistan Annual Business Forum in Tashkent
» 6 January 2017: Register Now: 2017 US-Uzbekistan Annual Business Forum
» 4 January 2017: Law on combating corruption enters into force in Uzbekistan
» 4 January 2017: New interior minister appointed in Uzbekistan
» 29 December 2016: Uzbek president invited to Tajikistan
3 May 2017
On April 21, 2017, the American-Uzbekistan Chamber of Commerce (AUCC) met with First Deputy Chairman of the Senate of Uzbekistan Mr. Sodiq Safoev, Uzbek Ambassador H.E.