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22 January 2007 15:37
Faced with labour law inflexibilities and constraints such as high power tariffs and infrastructure bottlenecks, Indian textile players are looking to shift production base. They are looking at alternative locations such as Uzbekistan and Kazakhstan, in a bid to gain cost competitiveness in the global export markets.
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22 January 2007 15:25
The World Bank Country Office said World Bank appointed Loup Brefort as the new Country Manager for Uzbekistan. »
19 January 2007 09:51
The Board of Executive Directors (BED) of the Islamic Development Bank (IDB), which concluded its 242nd session at the bank's headquarters here recently, has approved $446.3 million towards project financing and trade operations. Financing approvals included participation in financing new development projects in Azerbaijan, Nigeria, Senegal, Cote d'Ivoire and Sudan, in addition to line of finance for three banks in Uzbekistan, and technical assistance for development projects in Indonesia, Lebanon, Niger and Morocco. »
17 January 2007 07:40
Global crude futures plunged to a fresh 19-month low in New York on Tuesday after Saudi Arabia signalled it would not back an emergency meeting of the Opec cartel aimed at propping up oil prices. »
16 January 2007 09:28
New regulations that took effect on Monday tighten immigration requirements and quotas for CIS citizens and increase the penalties for illegally employing foreigners. »
16 January 2007 09:02
Investments in the telecommunications sector in Uzbekistan rose 69% on the year to 179.6 billion som in 2006, Uzbekistan's Communications and IT Agency said in a report Monday. »
10 January 2007 12:12
British magazine The Banker, which publishes annual rating of the best banks in the world, named the Bank Credit Standard as the best bank of Uzbekistan in 2006, the bank's press service told UzReport.com. »
09 January 2007 05:07
In an effort to diversify supply, the EU plans to start negotiations with Turkmenistan and Uzbekistan, build on agreements with Azerbaijan and Kazakhstan and cement relations with Turkey, Egypt and other nations, including Libya "if possible," it said. »
06 January 2007 05:27
In the past year, Russia imported fruits worth approximately $ 2,2 billion. According to Vaiery Linetsky, the president of company Sorus, the market capacity increases by 15-20% annually. And everything shows that the minimum rate will not fall. Russians eat very few fresh fruits - about 38 kg on average annually (Americans eat 72,1 kg per year, British - 70,5 kg). »
05 January 2007 07:55
Uzbekistan increased electricity production by 3.5% in the first 11 months of the year to 44.585 billion kilowatt-hours. »
05 January 2007 07:52
The liquefied gas market is growing in importance, as year after year its share in the domestic market of automobile fuel has been expanding. The constant increase of prices in this market stimulates active search for an effective alternative to petrol and diesel fuel, Uzbek Republican Commodity Exchange said in press release. The most popular alternatives currently are ethanol, bio-diesel, as well as compressed and liquefied gas. »
03 January 2007 09:50
Gross domestic product (GDP) of Uzbekistan increased by 7.2% year-on-year in 2006, President of Uzbekistan Islam Karimov said in his New Year congratulation. »
03 January 2007 07:20
China National Petroleum Corp. recently won a license from Uzbekistan's Uzbekneftegaz to explore five onshore oil-and-gas blocks, according to China's Ministry of Commerce. »
03 January 2007 07:13
Implementation of the provisions of the document aims at developing and strengthening of relationships between the agroindustrial complexes of the Russian Federation and Republic of Uzbekistan and also at setting up long-term cooperation. »
03 January 2007 07:11
Oxus Gold plc said that its Amantaytau Goldfields (AGF) joint venture in Uzbekistan has successfully appealed against fines and penalties imposed by a regional court in October. »
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