Uzbekistan to direct $5.6 billion to transport
development in the next five years.
Rustam Abdullaev, UT
The spheres of Transport and Logistics are
momentous branches for modern global economy. At a time when production cycle
consists of many companies located in different parts of the world, and when
any human on the planet could potentially be the consumer of the end products,
on the first place of importance comes well-developed system of
transit-transport infrastructure. Uzbekistan, situated in the heart of Central
Asia, in the future could become the leading player in transport-transit
market. To achieve this, the country implements an ambitious program of
development its transport infrastructure, which bases on modern technology and
international standards.
Contracts for more than 3.5 trillion soums and
$3.9 billion have been signed during the International Industrial Fair.
Rustam Abdullaev, UT
The economy
of any country depends on the real sector, its ability to flexibly respond
during market fluctuations. In its history the Industry of Uzbekistan has faced
serious problems - in the early 90's she had to re-build cooperative ties, and
thereafter, at the turn of the century, it had to respond to the threats of
spreading global economic crisis. As a result, according to leading
international financial institutions, this year the country's GDP growth will
be one of the highest in the world. As a proof - the exposition of
International Industrial Fair and of Cooperation Exchange, has demonstrated the
commitment of industrial production to develop in all directions.
The Cotton and Textile Fair facilitates
deals for more than 600 thousand tons of cotton.
Jamshid Ramziev, UT
Row
cotton has always been a major export produce of Uzbekistan. However today, it gives
away to other fast-developing sectors of industry with high added value
products. It is particularly interesting, that the place of cotton industry is
being taken by textile industry, which yearly increases its amount of refining
within the country. The results of the 7th International Uzbek
Cotton and Textile Fair have clearly showed the desire of different
companies to make business not only on commodity exports, but also on
establishing vertically integrated textile complexes with complete production
cycles.
Leading
Central Asian IT event InfoCom-2011 closes
Rustam Abdullaev, UT
Technological future of a country depends on
many factors. The most important one among them is arguably the advancement of
knowledge-intensive industries, modernization and introduction of latest
information and communication technologies, improving the educational process.
But the main thing is a desire to move forward by investing financial and human
resources in technology, which ultimately can change the world. The high-tech week,
taken place in Uzbekistan,
has demonstrated the desire of domestic financiers, investors and developers to
move forward, despite the unstable situation in the global market.
Displayed
with effect during the recent Press in Uzbekistan exhibition
Kamila Sharipova, UT
The national media market is passing a phase of
active growth. A significant part of the market is represented by print media, whose
number in the past decade has increased 2 times. The first national exhibition Press
in Uzbekistan has shown that today’s newspapers and magazines are ready to meet
the requirements of time, introduce new technologies in the manufacturing
process and go with their products to the global media market.
“Thank you for your painstaking work, warmth
and care!” These days, people are addressing these words, together with hefty
bouquets of flowers and gifts, to representatives of the most challenging
creative professions, namely, teachers, lecturers and mentors. The nation
celebrates Teachers and Mentors Day on October 1.
Effective healthcare is a priority dimension of
social policy. In recent years the government has been increasing its funding
for healthcare. Today the state spends about a quarter of the national budget
in this area, and attracts there foreign investment. This year the World Bank
and Germany’s KfW bank have provided loan facilities to Uzbekistan for
the advancement of healthcare system.
Uzbekistan to assign more than $3 billion to
regional development
Ravshan Rustamov, UT
Construction and development are largely
synonymous words. Modern dynamic life is hard to imagine without development,
and hence construction. However, the global economic crisis has made its
corrections to the established stereotypes. Building companies worldwide are freezing
their projects, construction volumes are falling, and investments going down.
Against this background, Uzbekistan
looks a bona fide oasis of investment, with boosting housing development and social
facilities schemes. This trend has been growing in extent notwithstanding the
new apparent wave of global downturn warned by analysts.
Small businesses account for more than 47% of population’s
total income
Rustam Abdullaev, UT
Small business and entrepreneurship’s role is
often incorrectly seen to be small. The sector that provides jobs to more than
74% of the employed population and producing 52.5% of GDP in Uzbekistan has
long appeared to play the leading roles. In today’s volatile conditions on the
global markets, when large international corporations and holding companies are
suffering losses, asking for government bailout, small businesses have their
own success formula. Flexibility, mobility and agility, a focus on meeting the
rapidly changing demand have become a ‘trump card’ of domestic entrepreneurs,
who managed for a short time to prove the competitiveness of products under the
Made in Uzbekistan label.
Uzbek enterprises are actively implementing
international quality management systems. Last year alone, the number of ISO
9001 certificates doubled. The growing number of owners of the documents
confirming compliance with the high quality of products and services is the requirement
of our time.
Opinion 
