Uzbekistan to introduce mandatory labeling of goods; Kolorpak invests in polygraphy more than 15 million euros; Inflation for 11 months of 2018 reached 12%; Uzbekistan plans to attract more than $1 billion of private investment in the construction of solar power plants; Enterprises of Uztextileprom Association to produce products worth 12.3 trillion soums in 2018; RF sponsored support for agricultural sector and youth employment in Uzbekistan; Iranian firm to invest 20 million euros in yarn production in Uzbekistan.
President of Uzbekistan Shavkat Mirziyoyev signed a resolution “On measures to introduce modern methods of labeling certain types of goods”.
The document was adopted in order to prevent illegal importation into the republic, illicit production and sale of certain types of goods, and to ensure their effective accounting, as well as to increase the collection of taxes and other obligatory payments.
According to the decree, starting from 1 August 2019, Uzbekistan will gradually introduce mandatory labeling of imported and locally manufactured goods using a protected label and (or) nano-molecular technology, depending on the category of goods.
The state enterprise UNICON.uz will transfer a building in the Yunusabad district of Tashkent to Kolorpak under investment commitments, according to the resolution published by the Cabinet of Ministers.
The company will receive the building, which now houses the printing shop, at a “zero” cost. This is done in order to efficiently use state property and to develop private printing.
Kolorpak, in turn, takes on responsibility to invest 15 million euros “to create a modern printing industry”, as well as 5 billion soums to construct buildings and create infrastructure. As a result, 200 new jobs will be created.
For 11 months, inflation in the consumer sector was 12,0%, according to data from The State Committee of the Republic on Statistics.
The last month prices of products added up 2,0%, and compared to the end of 2017 – 11,3%. Services went up by 3,3%, food products and non-food products – by 2,7% and1.2% respectively.
“Analysis of the nature of changes in consumer prices for each month of the year showed that since September of this year, inflationary pressure on the economy has increased,” the report said.
Uzbekistan plans to attract more than $1 billion of private investment in the construction of solar power plants
It was announced on the conference for potential investors on the construction of the first solar power plant in the format of a public-private partnership (PPP), held in Tashkent. Representatives of 22 major energy companies and international financial organizations arrived in Uzbekistan to participate in it.
The first pilot power plant under PPP conditions with a capacity of up to 100 MW is planned to be built in the Navoi region. This is only the first phase of the initiative to bring the total capacity of photovoltaic plants to 1000 MW.
«It was noted that investors are planned to be selected through a transparent and competitive tender, they will have the opportunity to conclude a land lease agreement, as well as a concession agreement, to exploit the main assets of the power plant», – the State Investment Committee noted.
Currently, the share of the textile industry in the country’s GDP is about 4%. It employs about 125,000 people. Jobs are created through the opening of new and expansion of existing industries, the number of which is 7,000 today.
In order to modernize and improve the production cycle, more than 2.0 million spinning spindles, 150 thousand chambers and other equipment from leading world manufacturers were commissioned.
Due to this, in the first 9 months of 2018, the enterprises, which are part of the Association “Uztextileprom” produced goods for 9.4 trillion soums. It is planned to increase this figure to 12.3 trillion soums by the end of the year.
The Trust Fund established by Russia and the United Nations Development Program (UNDP) allocated $ 1.8 million to the Government of Uzbekistan for projects to support agriculture and youth employment.
Funds were approved for the projects “Improving Adaptation and Enhancing the Sustainability of Agriculture to the Risks of Climate Change in the Fergana Valley of Uzbekistan” with a total budget of $800,000 and “Promoting youth employment in Uzbekistan” for a million dollars. The launch of two-year projects is scheduled for early 2019.
“In addition, Uzbekistan is included in the number of potential program countries for the next cycle. This means the possibility of preparing new projects through the Russia-UNDP Trust Fund,” the RF embassy added.
Iranian company Zarin Taj Mahan Industry Group will invest 20 million euros in the organization of yarn production in Uzbekistan.
It is reported that the company plans to build a factory in Kashkadarya region to produce yarn with a daily volume of up to 24 tons.
The project involves the creation of up to 500 new jobs for the local population.