Uzbek leader holds meeting to define development strategy of Syrdarya region

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Uzbek leader holds meeting to define development strategy of Syrdarya region

Tashkent, Uzbekistan (UzDaily.com) — A meeting was held in Gulistan with the participation of khokims and activists of Syrdarya region and districts, heads of ministries and departments.

President Shavkat Mirziyoyev noted that the potential of Syrdarya region in the sphere of industry and provision of services is not fully utilized, in rural areas there is practically no industry. In this regard, following the results of the study conducted by a special working group, a program was developed for the implementation of 342 projects of medium and large scale.

In particular, the implementation of three projects worth US$275 million – the modernization of the Syrdarya thermal power station and the Farhad hydroelectric station, the construction of a small hydroelectric station on Sardoba reservoir – is planned.

In addition, the ambassadors of Uzbekistan in China, Italy and Kazakhstan formed specific proposals for 30 projects. The President gave instructions on attracting additional investments in the region, promoting the implementation of entrepreneurial initiatives, and efficient use of agricultural and household land.

At the meeting, special attention was paid to the issues of spirituality, culture, education and upbringing.

The head of state proposed to establish a creative school in the city of Gulistan, which will be named after the national poet of Uzbekistan Khalima Khudoyberdiyeva, in accordance with the good tradition that has developed in recent years. The participants supported this initiative.

 

Source : UzDaily

CBU issues 100,000-soums banknote into circulation

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CBU issues 100,000-soums banknote into circulation

Tashkent, Uzbekistan (UzDaily.com) — Central Bank of Uzbekistan will introduce 100,000-soum banknotes into circulation, the regulator said in a statement.

The bank said that it will introduce new 100,000-soums banknote into circulation from 25 February 2019.

The regulator said that new banknote will have size of 144 to 78 mm and printed on protected paper.

The Central Bank said the banknote will have watermark in form of Uzbekistan’s emblem and number “100,000” in right side on white field. There is an image of monument of Mirzo Ulugbek on front of the banknote.

On the left side of the white field, there is a security threat with a 3D effect.

On the backside of the banknote, the image of Mirzo Ulugbek Observatory was placed. There is also a map of Uzbekistan with location of Samarkand, where Mirzo Ulugbek lived and worked.

Source : UzDaily

Uzbekistan Railways increases train tickets by 20% from March

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Uzbekistan Railways increases train tickets by 20% from March

Tashkent, Uzbekistan (UzDaily.com) — Uzbekistan Temir Yollari (Uzbekistan Railways) is constantly working to increase the number of trains, new routes, improve service and ensure the safe passage of passengers on all its trains.

In order to ensure the development of the sphere, starting from March 1, 2019, the cost of train tickets for passenger trains in all local directions will be increased by 20%. Tickets for high-speed Afrosiab trains remain unchanged

The increase is due to cover the cost of electricity consumed, consumables purchased, will allow you to pay competitive salaries to service personnel and offset the remaining costs associated with the maintenance of trains.

In turn, all this will contribute to an increase in the number of railway routes and on socially significant routes.

 

Source : UzDaily

Uzbekistan adopts Concept of Atomic Energy Development for 2019-2029

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Uzbekistan adopts Concept of Atomic Energy Development for 2019-2029

Tashkent, Uzbekistan (UzDaily.com) — President of Uzbekistan Shavkat Mirziyoyev approved a Concept for development of nuclear energy for the period 2019-2029.

According to the concept, the project for construction of a nuclear power plant will be implemented in three stages.

In 2019-2020, it is planned to carry out site selection and licensing of accommodation. In the second stage (2020–2022), it is planned to design NPPs and objects of its external infrastructure. The construction and commissioning of the nuclear power plant will be carried out in 2022-2030.

The project will be financed at the expense of own funds of Uzbekistan and the state loan of Russia.

The concept notes that external infrastructure facilities will be created at the expense of the State budget, the Nuclear Energy Development Fund, funds from investors and other sources.

Uzbekistan also plans to create a nuclear infrastructure. This initiative will be financed from the Russian loan. Russia will provide assistance in training and improving its skills.

The project will build two generation III + units with an installed capacity of 1.2 GW each.

Construction of a nuclear power plant to allow Uzbekistan to meet the growing needs of the economy of Uzbekistan in the energy sector. It is expected that by 2030 the demand of the economy of Uzbekistan for electricity will amount to 117 billion kW / h per year.

The head of Uzbekistan approved a “road map” for implementation of the Concept for Development of Nuclear Energy for the period of 2019-2029.

As part of the “road map”, Uzbekistan will join and ensure implementation of the provisions of international conventions in the field of nuclear safety in the country’s legislation. Norms will also be developed and adopted in the field of the use of atomic energy for peaceful purposes.

Measures will be taken to protect the environment and radiation protection, including the removal and storage of spent nuclear fuel, as well as the management of fresh and spent nuclear fuel.

 

Source : UzDaily

Fitch rates Uzbekistan’s upcoming FC Bond ‘BB-(EXP)’

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Fitch rates Uzbekistan’s upcoming FC Bond ‘BB-(EXP)’

Tashkent, Uzbekistan (UzDaily.com) — Fitch Ratings has assigned Uzbekistan’s upcoming foreign currency-denominated senior unsecured bonds an expected rating of ‘BB-(EXP)’.

The assignment of the final rating is contingent on the receipt of final documents conforming to information already received, the agency said.

Fitch Ratings added that the rating is in line with Uzbekistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR), which Fitch assigned at ‘BB-’ with a Stable Outlook on 20 December 2018.

The bonds’ rating is sensitive to changes in Uzbekistan’s Long-Term Foreign-Currency IDR.

 

Source : UzDaily

Execution of roadmaps for cooperation with foreign countries is considered

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Execution of roadmaps for cooperation with foreign countries is considered

Tashkent, Uzbekistan (UzDaily.com) — On 4 February 2019, the President of the Republic of Uzbekistan Shavkat Mirziyoyev held a meeting on the issues of further expanding bilateral cooperation with Germany, France, India and the United Arab Emirates, in particular, ensuring unconditional implementation of the adopted roadmaps.

Investment is the main driving force of economic development. Therefore, this issue is in the center of constant attention of the Head of the state. 2019 was declared in Uzbekistan as the Year of Active Investments and Social Development. The Ministry for Investments and Foreign Trade of the Republic of Uzbekistan was established to improve the efficiency of activities in this direction.

At the meeting it was noted that certain activity has been implemented on business development and creating jobs through attracting investment in domestic economy, but this is still not enough.

There are not enough investment personnel. Activity with investors needs to be improved, the existing infrastructure should be developed. Therefore, we still have much to do in this sphere, to learn a lot. The country will not develop without foreign investment, said Shavkat Mirziyoyev.

In recent years, cooperation with leading foreign countries is dynamically developing and enriched with new content, political dialogue and exchange of delegations are intensifying.

It was emphasized that during the visits of the Head of the state to foreign countries, cooperation and partnership reached a new level, in particular, contracts and agreements worth over 14 billion USD were signed between Uzbekistan and Germany, France, India, the United Arab Emirates.

France and Germany, which have leading positions not only in the European Union, but throughout the world, are reliable and promising partners of Uzbekistan, visits to these countries contribute to raising interaction to a qualitatively new, higher level.

The priority task is to attract, first of all, modern technologies, innovations, advanced experience and management methods of these countries. The roadmaps specify the deadlines for implementation of agreements and arrangements on investment projects, the responsible authorities and persons.

The Head of the state noted the need for timely and full implementation of these promising projects aimed at improving the wellbeing of people.

In this regard, the working group of the joint Uzbekistan – Germany Committee on Investments and Technologies is responsible for monitoring and unconditional execution of projects included in the roadmap. The need for introducing this mechanism in relations with other countries was noted.

Following the negotiations between the President of Uzbekistan and the Prime Minister of India Narendra Modi, held last October in New Delhi and in January this year in Gujarat, agreements were reached on implementation of investment projects and trade contracts worth 3.5 billion USD. These agreements relate to information technologies and communications, healthcare and pharmaceuticals, innovations, agriculture, agro clusters, education and other spheres.

The need for ensuring full implementation of projects on creating the first joint pharmaceutical free economic zone and a branch of Sharda University in Andijan, a technology park and a branch of Amity University in Tashkent, construction of modern clinics and others was noted.

In recent years, consistent work has been carried out on bringing bilateral and multilateral cooperation with the United Arab Emirates, which has great authority in the Arab world and enormous potential, to a level that meets the capabilities of the two countries. The exchange of delegations has been intensified, active preparations are underway for the implementation of joint projects.

Attracting investment and financial capabilities of the UAE to Uzbekistan were considered at the meeting.

The need for ensuring implementation of each project included in the roadmaps qualitatively and on time, searching for new partners on problem projects was emphasized.

It was noted that decisive actions and efforts aimed at consistent development of mutually beneficial relations with foreign partners will serve the sustainable development of Uzbekistan and improvement of people’s welfare.

Information of responsible persons on the execution of agreements on attracting foreign investment was heard.

 

Source : UzDaily

Tashkent policе holds meeting to discuss issues of combating human trafficking

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Tashkent policе holds meeting to discuss issues of combating human trafficking

Tashkent, Uzbekistan (UzDaily.com) — A meeting was held on the problems of combating human trafficking. The event organized by Tashkent city police and held in the khokimiyat of the capital.

The event was attended representatives of the Prosecutor’s Office, Tashkent city police, khokimiyat, the Women’s Committee of Tashkent, the City Council of the Youth Union, the Main Directorate for Employment and Labor Relations, and other interested structures and organizations among the participants.

The event was opened by the Deputy Minister of Internal Affairs of the Republic of Uzbekistan – the head of the Main Internal Affairs Directorate of Tashkent, Rustam Juraev, who is the Chairman of the interdepartmental commission on combating human trafficking in the city of Tashkent. He gave a report on the work done over the past year. It was emphasized that according to the Decree of the President of the Republic of Uzbekistan dated March 14, 2017 “On measures to further improve the system of crime prevention and crime control” a Republican interdepartmental commission on combating human trafficking was established.

In 2018, a roadmap was developed to combat human trafficking and illegal migration in Tashkent. As a result, the number of crimes related to trafficking in human beings decreased by 65 percent compared to 2017: in 2017, 49 crimes of trafficking in persons were recorded (article 135 of the Criminal Code of the Republic of Uzbekistan), in 2018 – 17.

He also noted that since most often the victims of the attackers are women and minor children, the work on the prevention of this type of crime in makhallas and educational institutions, at enterprises and in organizations was strengthened.

In addition, propaganda work was carried out by the responsible authorities, as a result of which 39,614 people who had previously left for abroad returned to their homes. They all underwent a medical examination. 1,308 persons were hospitalized and provided with qualified medical assistance.

According to the General Directorate of Employment of the city of Tashkent, out of 39,614 people, 6,302 people were employed, 4,532 were minors, and the necessary measures were taken to enable them to get an education, including a special vocational one.

During the meeting, the participants exchanged views and suggestions on how to improve the work on early warning of this type of crime, such as trafficking in persons, and defined the range of tasks for the current year.

 

Source : UzDaily

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