Tashkent launches electronic platform to submit investment applications; President abolishes Fund to Promote Price Stabilization in Consumer Market; Uzbekistan plans to use investments for 138 trillion soums in 2019; Uzbek and Tajik leaders discuss ties and cross country issues; Priority tasks of diplomatic missions of Uzbekistan were determined ;
Tashkent launches electronic platform to submit investment applications
Tashkent city administration launched an interactive portal, where entrepreneurs from all over the city, country, and even the world can submit their projects for later consideration. This was reported by the press service of the Tashkent city administration.
To do this, just fill in the form on the interactive portal with a detailed description of the project being presented. After filling in, the application is submitted for consideration to participate in the “Investor’s Day” event in the capital’s khokimiyat building.
Tashinvest.uz is an interactive portal for investors and entrepreneurs. The portal provides an opportunity to save your time as an investor. Here you can leave applications for professional activities and check at what stage is your project. The structure of the portal is transparent and responds quickly to submitted applications.
President abolishes Fund to Promote Price Stabilization in Consumer Market
President of Uzbekistan Shavkat Mirziyoyev abolished the Fund to promote price stabilization in domestic consumer market. This is stipulated by the Presidential resolution “On forecast of the main macroeconomic indicators and parameters of the State Budget of the Republic of Uzbekistan for 2019 and budget guidelines for 2020-2021.”
The document notes that previously allocated resources to the Fund for Promotion of Price Stabilization in Domestic Consumer Market and its balances are to be credited to the republican budget of the Republic of Uzbekistan.
The fund to promote price stabilization in the domestic consumer market was established in July 2017. The fund was provided with funds for US$100 million to smooth out seasonal and other sharp fluctuations in supply and demand for food products.
Uzbekistan plans to use investments of 138 trillion soums in 2019
Uzbekistan plans to master investments worth 138 trillion soums in 2019, which is 16% more compared to 2018. This was stated by President of Uzbekistan Shavkat Mirziyoyev during his message to the country’s parliament.
At the same time, the volume of foreign direct investment will amount to US$4.2 billion, which is 1.5 times more than in 2018.
In 2019, Uzbekistan intends to commission 142 modern enterprises.
Uzbek and Tajik leaders discuss ties and cross country issues
On 28 December, the President of the Republic of Uzbekistan Shavkat Mirziyoyev had a telephone conversation with the President of the Republic of Tajikistan Emomali Rahmon. The leaders of the two states exchanged sincere congratulations on the upcoming New Year.
Unprecedented dynamics of development of Uzbekistan – Tajikistan relations, which reached the level of strategic partnership, were emphasized. This was facilitated primarily by the agreements reached on the results of the historical state visits of the Presidents of Uzbekistan and Tajikistan this year. A visa-free regime was established and the work of all checkpoints at the State border was resumed. Regular exchanges between the border regions have been established.
Shavkat Mirziyoyev and Emomali Rahmon confirmed their firm mutual determination to further expand and strengthen the centuries-old friendship and good-neighborliness, as well as strategic partnership for the benefit of fraternal people of Uzbekistan and Tajikistan. In conclusion, the Presidents once again exchanged warm wishes for peace, wellbeing and prosperity for the fraternal people in the New Year.
Priority tasks of diplomatic missions of Uzbekistan were determined
On 27 December 2018 First Deputy of Foreign Affairs of the Republic of Uzbekistan Ilhom Nematov held a video-conference at the Ministry of Foreign Affairs, which summed up the activities of the Ministry and diplomatic missions abroad in fulfilling the guidelines of the President Shavkat Mirziyoyev on attracting foreign investments into the economy of the country, promoting and expanding the export volumes, increasing the tourist flow to Uzbekistan. The priority activity areas for 2019 had also been identified.
In order to increase exports of Uzbek products, the missions abroad have been undertaken a consistent work, including:
– constant activity on analyzing the market of the host country, the existing tariff and non-tariff barriers;
– close cooperation with quarantine authorities had been established to remove quarantine restrictions of foreign countries on the import of fruits and vegetables from Uzbekistan;
– a comprehensive assistance is rendered to Uzbek exporters in promoting their goods in foreign markets, their participation in exhibitions and fairs abroad, the signing of firm-order export contracts;
– a widespread awareness activity have been undertaken to promote domestic goods abroad under the brand “Made in Uzbekistan”;
– participation of 165 representatives from 24 foreign countries in the First International Export Fair “Made in Uzbekistan” on 27-30 November 2018 in Tashkent was ensured;
– targeted activity to promote export from the provinces of Uzbekistan affiliated to diplomatic missions have been undertaken.
The video-conference held in the MFA also heard reports from a number of ambassadors of Uzbekistan abroad. It has been indicated that there are: insufficient targeted work has been done by the MFA headquarters and its diplomatic missions to attract foreign investment, promote exports and increase inbound tourism in the provinces of Uzbekistan affiliated to the diplomatic missions in order to ensure their accelerated socio-economic development; untimely execution of signed documents; poor control over the implementation of the approved roadmaps; as well as the lack of systemic coordination between the economic agencies of Uzbekistan and the Ministry of Foreign Affairs. The heads of diplomatic missions have been tasked by the specific goals to implement the instructions of the head of our state to intensify the foreign economic activity of the Foreign Ministry and missions abroad in 2019.