The Investment

Fergana Oil Refinery to be sold to a foreign investor

A resolution of the President of Uzbekistan was adopted on measures to modernize the Fergana Oil Refinery (FOR) with the attraction of foreign direct investment, the Ministry of Justice said.

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Freyssine, Uzbekistan Temir Yollari to build cement plant

A meeting with representatives of the French construction company Freyssine was held at the joint stock company Uzbekistan Temir Yollari.

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SOCAR and BP to start geological explorations on three investment blocks of Uzbekistan

Azerbaijani SOCAR and British BP expressed their intention to start geological exploration on three investment blocks of the Ustyurt region, the press service of Uzbekneftegaz said.

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Tatneft plans to create a network of petrol stations in Uzbekistan

PJSC Tatneft established in Uzbekistan LLC “Tatneft-AZS-Tashkent”. The oil company registered its sales subsidiary in the city of Nurafshon (Tashkent region) on December 26, 2018.

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The Central Bank threatens commercial banks with tough measures for unilateral change in interest rates on loans and deposits

The Central Bank of Uzbekistan has threatened commercial banks with tough measures for unilateral changes in interest rates on loans and deposits, Kun.uz correspondent reports citing data from the regulator.

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Uzavtosanoat and the French PSA Groupe announced last week a revision of the project to build a car factory in the Jizzakh region

An investment project for organizing the production of light commercial vehicles is being implemented in the Jizzakh region. The scheme provides for the development of the production of two types of light commercial vehicles intended for the carriage of passengers and goods.

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Tashkent to host “Uzbekistan 2035” International Forum

The second International Forum is planned to be held in Tashkent on February 5-6, for discussing proposals on the concept of the Strategy for long-term development of Uzbekistan.

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The World Bank (WB) Board of Directors has approved the assignment of a $ 100 million loan to Uzbekistan as part of the Medium-Size Cities Integrated Urban Development Project

The funds will be allocated by the International Bank for Reconstruction and Development (IBRD), part of the WB Group.

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