The International Monetary Fund (IMF) today released the May 2008 Regional Economic Outlook: Middle East and Central Asia. Mr. Mohsin Khan, Director of the IMF’s Middle East and Central Asia Department (MCD), highlighted the report’s main findings:
The government is considering importing cotton from African nations and Uzbekistan to provide relief to the textile sector, Minister of State for Textiles E V K S Elangovan said on Saturday, The Economic Times reported.
Oxus Gold Plc has obtained loan facilities worth US$150 million to finance the development of its Amantaytau Goldfields project in Uzbekistan, the central Asia-focused gold miner said on Thursday.
Uzbekistan has reduced the volumes of natural gas supplies to Tajikistan, the Tojikgaz [Tajik gas] state unitary enterprise has told the Avesta news agency.
The Third International Exhibition and sale of mini technologies and compact equipment for agriculture was held on 3-6 May in Tashkent. It was organized by the Ministry of Foreign Economic Relations, Investment and Trade of the Republic of Uzbekistan, UzA reported.
Standard & Poor’s Ratings Services said soaring commodity prices are affording Central Asia a real opportunity to create lasting economic success, and added the region’s leaders need to consistently improve the quality of the business environment and prepare their countries for the inevitable transition of leadership.
Deputy Resident Representative of the UNDP Country Office in Uzbekistan Ms Kyoko Postill and the chairperson of the Chamber of Commerce and Industry of Uzbekistan Mr Alisher Shaykhov formally opened the Arbitration Development Center under the Chamber of Commerce and Industry of Uzbekistan on Friday, 2 May 2008.
UNDP project UzSciNet participated at the National Innovative Ideas and Projects Fair, which was held in Tashkent on 30 April - 1 May 2008. The project presented its innovative services and products during the fair.
Uzbek investment promotion agency Uzinfoinvest became a member of international community of IPAs WAIPA (World Association of Investment Promotion Agencies) during the World Investment Conference in Accra, Ghana (18-22 April 2008).