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TASHKENT (TCA) — While on a state visit in Uzbekistan on June 22, Chinese President Xi Jinping and Uzbek President Islam Karimov inaugurated the Qamchiq railway tunnel in Uzbekistan, saying it is a major achievement of China’s Belt and Road Initiative, Xinhua reported. Continue reading
TASHKENT (TCA) — Uzbekistan has set an ambitious goal of at least doubling its gross domestic product by 2030. Accomplishing this goal will largely depend on the success of the country’s investment policy in key sectors of the economy, the Jahon information agency of the Ministry of Foreign Affairs of Uzbekistan reported. Continue reading
TASHKENT (TCA) — Uzbekistan’s joint stock company Uzeltekhsanoat (Uzbek Electrotechnical Industry) is planning to use investments worth about US $1 billion until 2030 to increase domestic production of household appliances and home electronics by five times, the Jahon information agency reported. Continue reading
BISHKEK (TCA) — India’s Prime Minister Narendra Modi is expected to attend the summit of the Shanghai Cooperation Organization (SCO) in Tashkent, Uzbekistan on June 23 and 24, where he would also seek the support of Russia, Kazakhstan, and China for India’s entry into the Nuclear Suppliers Group. Continue reading
BISHKEK (TCA) — According to the Central Bank of Russia, in the first quarter of 2016 money remittances from Russia to CIS countries amounted to $914 million, which is almost twice as less than in the first quarter 2015 ($1.781 billion) and 3.7-fold less than in the same period in the pre-crisis year 2014 ($3.364 billion). Continue reading
TASHKENT (TCA) — The World Bank’s Board of Executive Directors on June 14 discussed a new Country Partnership Framework for Uzbekistan for 2016-2020. The new strategy is aligned with the country’s own goal of achieving upper middle-income status by 2030 by increasing the economy’s competitiveness, improving the business environment, and developing its infrastructure to support rapid job creation, the World Bank said. Continue reading
