The Investment

Government approves new rules of agreeing perspective investment proposals

The Government of Uzbekistan issued a resolution “On measures on improving mechanisms of agreeing perspective proposals and process of attracting foreign investments and loans”.

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Cement Line

A new cement works is to be constructed in Tashkent Region. It is going to use a unique energy-efficient and environment-sparing technology.

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ADB gave Uzbekistan $300 mln loan for development of Tahiatash thermal power plant

The Asian development Bank (ADB) has approved granting of the loan to Uzbekistan in the amount of $300 million for the development Tahiatash thermal power plant, which is aimed to provide the growing demand for electricity in the west of the country.

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Production of technical silicon to start in SIZ «Angren»

An enterprise on production of technical silicon soon will be launched in the territory of the special industrial zone Angren.

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The procedure for issuing resolutions on the inclusion of imported technological equipment and spare parts thereto as well as components, raw stuff and materials into the category of things used in the technological process when manufacturing localized pr

In order to stimulate the further intensification of localization processes, to augment the production of modern competitive export-oriented, import-substituting finished goods, components and materials on the basis of local raw materials, to expand inter-sector industrial cooperation, including cooperation between small businesses and big enterprises of Uzbekistan, to create new jobs and to ensure, on this basis, a rise in employment and material wellbeing of the population, the following important document has been elaborated in the Republic: the State Program for Localization of Production of Finished Goods, Components and Materials on the Basis of Industrial Cooperation.

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LUKOIL invests US$133m into exploration and mining in Uzbekistan in 1Q

Russian oil company LUKOIL invested US$133 million into exploration and mining in Uzbekistan in the first quarter of 2014, the company’s financial report said.

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Prospects of attracting foreign investments to the textile industry of Uzbekistan

In today’s world, the textile industry is considered to be one of the biggest export-oriented sectors. Textile enterprises all over the globe export the widest selection of goods – from yarn to a great variety of finished produce.

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The most propitious climate for investors

As President Islam Karimov accentuated at a sitting of the Uzbek government convened in January of the current year, much has been accomplished in the Republic to create all the prerequisites and an auspicious environment for the development of private entrepreneurship and all sorts of business, as well as for the attraction of domestic and foreign capital to the national economy. In the Uzbek leader’s words, neither modernization nor renovation of the economy is possible without hefty investments and, in turn, without these processes Uzbekistan could hardly be in a position to join the club of the world’s industrialized states.

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