President of Uzbekistan Islam Karimov signed on 20 October a decree “On measures to optimize the crop lands and increasing production of food crops”, which is directed at increasing production of food crops in Uzbekistan.
Muruvvat-teks has successfully fulfilled its 2008 state cotton quota despite a reduction in sown areas. In 2008, it was planned to sow cotton on 12,412 hectares; however, due to abnormally low ambient winter temperatures and a low spring rainfall leading to a shortage of water, sown areas were reduced to 10,000 ha.
A group of arbiters and executive secretaries of arbitration courts and businesses from Ferghana region discussed issues of developing arbitration, authority of judges, implementation of decision of the arbitration courts and other issues at the workshop on 17 October.
Arbitration Development Center under the Chamber of Commerce and Industry of Uzbekistan organized a seminar “Arbitration courts in Uzbekistan: practical aspects of the activity and perspectives of development” in Tashkent on 17 October.
China National Heavy Duty Truck Group exported over 300 heavy trucks worth US$12.6 million to Uzbekistan, according to preliminary statistics, People’s Daily reported in Russian.
The Middle East and Central Asia (MCD) has continued to see strong growth in 2008, outpacing global growth for the ninth year in a row, the IMF says in its latest regional economic outlook.
GM Uzbekistan, an Uzbek-US car maker, will modernize production capacities for US$48.6 million in 2008-2009, UzAvtoprom said.
Chasys of South Korea and UzAvtoProm are planning to launch production of car components with total cost of US$50 million in 2009.
On 15 October 2008, China National Petroleum Corporation (CNPC) and Uzbek National Holding Company Uzbekneftegaz signed an agreement in Tashkent on the creation of a joint venture, Mingbulakneft, to jointly develop Mingulak oilfield, in Namangan region, Uzbekistan, the Chinese company said in a statement on 20 October.