President Shavkat Mirziyoyev signed the Additional measures to further develop the competition environment and reduce state participation in the economy decree, which in particular, approved the Competition Development Strategy and Roadmap for its implementation until 2024 inclusive, Uzbekistan 24 reported. In accordance with the Decree, the Antimonopoly Committee shall become accountable to the Senate and…

A government resolution “On additional measures to improve the procedure for the development of promising investment projects” was adopted. In accordance with the decree, the shares of the Republican Design Institute “UzEngineering” and JSC “UzLITIneftegaz” in the authorized capital of JV “WorleyParsons Uzbekiston Engineering” LLC are transferred to the Center for Development of Investment Projects…

A solemn event dedicated to the presentation of new railway equipment was held today. The ceremony was attended by the heads of the board and responsible structural divisions of Uzbekiston Temir Yollari, as well as invited guests – representatives of domestic and foreign media. In total, two new electric locomotives of the 3ES5K series (“ERMAK”),…

Officials of Uzbekistan and the European Union held the fifth round of talks on a new comprehensive bilateral agreement online on July 9-10, the Ministry of Foreign Affairs said. The Enhanced Partnership and Cooperation Agreement (EPCA) will replace the partnership and cooperation agreement that has been in force since 1999. Earlier, the Ministry of Foreign…

IFC, a member of the World Bank Group, is providing a $12.5 million long-term loan to JSC Indorama Kokand Fertilizers and Chemicals to finance the modernization of its fertilizer plant in Uzbekistan, which will create jobs and benefit the country’s agriculture sector. The investments will help the company introduce energy-efficient technologies to boost production capacity…