INFORMATION DIGEST OF PRESS OF UZBEKISTAN # 81

April 26, 2017

INVESTMENTS
Rostec State Corporation (Russia) maps out several cutting edge projects in Uzbekistan

TECHNOLOGIES
The Uzbek Republican Commodity Exchange has completed a procedure of redesigning the corporate website and launched an updated and pilot version of its information portal

INTERNATIONAL COOPERATION
Chinese business intends to expand its presence in Uzbek market

INVESTMENTS

Rostec State Corporation (Russia) maps out several cutting edge projects in Uzbekistan
Jointly with the Uzbek side, Rostec plans to establish a production of a wide range of composite materials, metalworking products, tools and technological equipment for the needs of car engineering enterprises of the country.
It is also planned to carry out projects in the framework of industrial cooperation between car engineering enterprises, automation of air traffic control in the territory of Uzbekistan, supply and repair of gas turbine and gas-pumping equipment.
“The projects are focused on expansion of mutually beneficial cooperation with Uzbekistan, particularly, on participation in international investment projects in the field of industry and technologies. There are plans afoot to launch a manufacture of modern medical equipment, including cardiac screening systems, neonatal equipment, newborn incubators, inhalation equipment, a wide range of vaccines and pharmaceuticals,” said Sergei Chemezov, Rostec Director General.
Other promising areas of cooperation include sales of Uralvagonzavod’s products: axles and components for wheel sets for the needs of the Uzbek railways. Projects in the mining industry envisage the construction of a mining and metallurgical complex on the basis of Dalneye copper deposit, as well as the upgrade of water treatment and disposal facilities.
(Source: «Uzbekistan Today» newspaper)

TECHNOLOGIES

The Uzbek Republican Commodity Exchange has completed a procedure of redesigning the corporate website and launched an updated and pilot version of its information portal
The portal was updated mainly to facilitate access to the exchange information, enhance transparency of electronic trading and improve quality of services that are provided under the national program the Year of Dialogue with the People and Human Interests, reported the UZEX press service.
The new design of the portal is built on usability, corporate style, new functions and the latest trends in e-commerce. The new tools have optimally simplified visualization of the most popular resources and key indicators of UZEX. The portal now presents new information banners, an interactive price chart, a histogram on trading platforms, and an interactive map of UZEX territorial branches. The main page provides links to trade sections and interactive services, a graphical analysis of prices, stock news and latest updates.
It is worth to give a separate notion to the UZEX index service, which has changed due to a new calculation method. The updated version of the portal provides six UZEX indices that reflect the price situation for individual product segments. These include segments of the fuel industry, ferrous metallurgy, non-ferrous metallurgy, chemical and petrochemical industry, construction materials and industrial processing. This function allows tracking changes in the conjuncture of certain segments of the UZEX commodity market.
The information for shareholders and investors has been moved to the new section of the Corporate Governance portal. Photo gallery, video stuff, feedback system, personal account, FAQ, public opinion poll, useful links and search functionality have been optimized.
Updates in UZEX Internet resources are seen as an important stage in the company’s leadership positioning strategy in the field of e-commerce. All changes in the portal are called to provide additional convenience for users and expand its target audience.
(Source: «Uzbekistan Today» newspaper)

INTERNATIONAL COOPERATION

Chinese business intends to expand its presence in Uzbek market
Chinese business delegation comprised of representatives of several major corporations visited Uzbekistan.
They attended a business forum with participation of business circles of the two countries. The State Committee of Republic Uzbekistan for investments organised the event.
Welcoming the participants, Deputy Prime Minister of our Republic Ulugbek Rozukulov noted that the two countries have established a strategic partnership based on mutual respect and trust. Based on this solid foundation, Uzbekistan and China consistently develop mutually beneficial ties in many directions.
— Today China is number one trade partner of Uzbekistan. More than 700 companies with participation of Chinese capital operate in Uzbekistan. Dozens of joint projects of strategic significance have been implemented over recent years, – said U. Rozukulov.
In turn, Ambassador Extraordinary and Plenipotentiary of China to Uzbekistan Sun Lijie said that Beijing with great enthusiasm has apprehended news about the establishment of this committee. He said this event will be an important stage in the work to improve the national investment climate and attracting foreign investment.
In the framework of the business forum, representatives of government agencies and private companies of Uzbekistan held a presentation of projects proposed to be implemented jointly with Chinese partners. Special attention was given to favourable opportunities in the territories of free economic zones, operational benefits and preferences for starting and doing business. B2B negotiations with Chinese guests discussed promising directions of cooperation and concrete investment projects.
(Source: UzReport.uz)

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