At
the annual contest held by The Banker magazine, Open Joint-Stock Commercial
Agrobank was recognized as the best bank in Uzbekistan and in 2009 received a
certificate of Bank of the Year.
Uzbekneftegaz Enters Top 35 Oil Companies in the World
18.12.2009 10:58
By Kamil Akhrorov, UT
Uzbekneftegaz has been included
in the list of 50 largest oil companies in the world. According to the
Petroleum Intelligence Weekly magazine (U.S.), the company took 35th place.
The International Industrial
Fair and Cooperation Exchange held in Uzexpocenter proved fruitful for Olmaliq
Mining and Metallurgical Complex (OMMC). Agreements of intent signed by Olmaliq
miners amounted to 70 billion soums. Along with such giants as Navoi Mining and
Metallurgy Combine and Uzmetkombinat, OMMC develops partnership with small
businesses and entrepreneurs.
Discussed by manufacturers of electrical appliances
By Venera Temirova
Tashkent-based
joint venture O’zelektroapparat – Electroshield, a leading manufacturer of
electrical equipment in Uzbekistan
and Central Asia, held a third meeting of domestic and foreign manufacturers of
electrical equipment, research and design organizations and consumers from countries
of the CIS and South Asia.
Center for Advancement of
Antimonopoly Policy under State Demonopolization Committee has produced a
Business Performance Index (BPI) for November 2009 – APIC 50.
Production Industry to Enjoy Investment Priorities
10.12.2009 07:23
Volume of investment in the national economy to exceed 18.2 trillion
soums next year.
By Venera Baybulatova
Investment Program for 2010 has
been approved in the republic. According to the document, next year the
national economy will draw in more than 18.2 trillion soums. The share of
foreign capital (loans guaranteed by the government and foreign direct
investment and loans) in the total volume of investment will constitute 26%,
which is about $3 billion to 99 investment projects. Sixty two projects are
planned to draw more than $2.4 billion of foreign direct investment, while 37
projects are to attract more than $555 million of foreign loans under the
government guarantee.
As
the economy progresses, the center of gravity for attracting financial
resources to the manufacturing sector of the economy moves from bank loans to
securities market. Commercial banks have become not just active participants in
this market, but they also assumed some of the tasks related to establishing
the market infrastructure. One of the leading places in this area belongs to
the National Bank for Foreign Economic Activity of the Republic of Uzbekistan.
A new cement plant worth $200 million will be
built in Surkhondaryo region
By Komil Ahrorov, UT
National
Holding Company Uzbekneftegaz, Joint Stock Company Uzstroymaterialy and Oman Investment
Fund plan to build a new cement plant in Sherobod district of Surkhondaryo
region toward the end of 2013.
Business 
