World Bank forecasted that the economy of Uzbekistan increased 7.7% in 2007 and 5% in next two years. World Bank issued its Global Economic Prospects 2008 (GEP 2008) on 8 January 2008.
World Bank issued its Global Economic Prospects 2008 (GEP 2008) on 8 January. GEP 2008 notes that world growth slowed modestly in 2007 to 3.6 percent compared with 3.9 percent in 2006, a downturn due largely to weaker growth in high-income countries. In 2008 global growth is expected to be 3.3 percent.
Uzbekistan plans to construct over 40 new hotels in Samarkand city by 2010, local newspaper Pravda Vostoka reported.
The deputy minister of finance, in an exclusive interview with National Afghanistan television, has said 90% of the extension work of electricity lines from Uzbekistan to Afghanistan has been completed.
As a result of temperature fall in the Central Asian countries, Turkmenistan and Uzbekistan have reduced the supply of electricity to Tajikistan. The deputy chief engineer of the Barq-i Tojik (Tajik Electricity), Rashid Gulov, told this to the Regnum news agency’s correspondent today, on 7 January.
Secretary General of the Eurasian Economic Community (EurAsEC) Tair Mansurov pointed to the stable growth of the gross domestic product (about seven percent a year), industrial and agricultural increase, as well as a growth of salaries and pensions, which was registered in the organisation’s member countries - Russia, Belarus, Kazakhstan, Uzbekistan, Tajikistan and Kyrgyzstan - within the seven years of its existence, Itar-Tass reported.
The International Cotton Advisory Committee has forecast a rise of five per cent in the world cotton production in 2008-09 season.
Oxus Gold PLC said RAB Special Situations (Master) Fund Ltd has agreed to extend the option granted to Zeromax GmbH to buy up to 52.25 million shares in the company from RAB at 80 pence a share.
Oxus Gold PLC said Zeromax GmbH has bought an additional 5.5 mln Oxus Gold shares at 80 pence each by partially exercising an option from RAB Special Situations (Master) Fund Ltd, thus lifting its stake in Oxus Gold to about 62.5 mln shares, or 17 pct.
The Russian closed joint-stock company Transpromresurs and Uzbekiston Temir Yollari (Uzbekistan Railways) state joint-stock railway company have signed a contract to modernize diesel locomotives for US$54 million, Interfax quoted a source in the Uzbekistan Railways management as saying.