DAILY NEWS HERALD

2019-06-01

 

 

DAILY NEWS HERALD # 107

Public Relations and Mass Media Department of the MFA

June 1, 2019

 

 

 

president.. 1

President of the Republic of Uzbekistan receives the President of the European Council 1

economy.. 2

Complexes for the production of garment and knitwear to be created in Uzbek regions. 2

FINANCE.. 2

Volume of securities in free circulation to be increased up to $6.7 billion by 2025. 2

International relationships. 3

CIS Ministers of Internal Affairs meeting in Tashkent 3

Uzbekistan, Russia sign deal on mutual recognition of higher education. 4

UZBEKISTAN - THE COUNTRY OF TOURISM... 4

The number of foreign tourists visiting Uzbekistan increased by 42%.. 4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

president

President of the Republic of Uzbekistan receives the President of the European Council

On May 31, 2019, President of the Republic of Uzbekistan Shavkat Mirziyoyev received the President of the European Council Donald Tusk, who arrived in Uzbekistan on a working visit.

The Head of the state, warmly welcoming the distinguished guest, noted with deep satisfaction the development of constructive political dialogue and productive practical cooperation with the European Union in trade-economic, innovation, scientific-technical and cultural-humanitarian fields.

It was emphasized that the first visit of the President of the European Council to Uzbekistan, taking place on the occasion of the 25th anniversary of establishment of diplomatic relations between the Republic of Uzbekistan and the European Union, indicates a growing mutual desire to expand and strengthen multifaceted partnership.

President of the Republic of Uzbekistan receives the President of the European Council

Regular meetings of the Council and Uzbekistan – EU Cooperation Committee, development of inter-parliamentary exchanges, visits of the High Representative of the European Union for Foreign Affairs and Security Policy Federica Mogherini and other high representatives of the European Union to Uzbekistan show the intensification of contacts in recent years.

Negotiations have begun on the draft new Agreement on expanded partnership and cooperation between Uzbekistan and the EU.

The trade turnover and a portfolio of investment projects with the European Union countries grow. Consultations are held on creating favorable conditions for further increasing mutual trade operations and investments.

In addition, European partners assist in issues of Uzbekistan’s accession to the World Trade Organization.

Partnership with the European Bank for Reconstruction and Development has been resumed and expanded, implementation of the first joint projects with participation of the European Investment Bank in priority sectors of the country’s economy has been launched.

Active scientific and educational exchanges are carried out within the framework of Horizon 2020 and Erasmus + programs.

At the meeting, main attention was paid to issues of further expanding practical cooperation in economy, trade, innovation and investment, transport, science, education and healthcare.

It was emphasized that the ongoing reforms in Uzbekistan to liberalize the economy open up opportunities for a broader presence of the leading European business, actively attracting the latest technologies, advanced experience and high standards to Uzbekistan.

The importance of strengthening cooperation in the region in accordance with the provisions of the new EU Strategy for Central Asia was noted.

The President of the European Council highly appreciated the practical efforts of Uzbekistan to overcome the negative consequences of the environmental disaster in the Aral Sea basin. He confirmed his readiness for active cooperation within the framework of the Multi-Partner Human Security Trust Fund for the Aral Sea region.

The sides also exchanged views on other current issues of international and regional agenda, including the peaceful settlement of the situation in Afghanistan.

In conclusion, the mutual commitment to further strengthening full-scale partnership and expanding multifaceted cooperation in the interests of ensuring the stability and sustainable development of the entire region was highlighted.

(Source: UzA)

economy

Complexes for the production of garment and knitwear to be created in Uzbek regions

A presidential resolution was adopted on measures to organize the production of garment and knitwear products and provide employment for the population in the regions of Uzbekistan.

These complexes will be transferred to enterprises - members of the Association "Uztextileprom" or other business entities specializing in the production of garments and knitwear for a period of 5 years at a rate of not more than 10% on a leasing basis or for rent with a buyout condition.

Commercial banks will allocate short-term loans to finance the production of garment and knitwear products in the complexes.

Also, until January 1, 2022, projects carried out in the complexes are exempt from payment:

- income tax and property tax up to the day of transfer of the complexes on the basis of leasing or for rent with a repurchase condition;

- customs payments for the import of technological equipment, components, construction materials that are not made in the country.

Knitting enterprises, which are part of Uzpakhtasanoat JSC, have been granted the right to purchase cotton fiber at exchange trading.

Due to the projects implemented in the complexes, 80,880 new jobs will be created.

(Source: UzDaily.com)

FINANCE

Volume of securities in free circulation to be increased up to $6.7 billion by 2025

At the next Town Hall meeting, the Director of the Capital Market Development Agency Atabek Nazirov presented a conceptual vision of the market development strategy for 2020-2025.

In particular, the regulator intends in five years to bring the free-float indicator (free-floating securities) from the current 0.5% of the GDP to 10%. Thus, the volume of securities in free circulation should grow from the current $264 million to $6.7 billion in 2025.

“This is an optimistic scenario for the development of the capital market and a rather ambitious plan. But I am sure that if we approach the issue correctly, spend this year building a solid foundation, we will achieve this success,” the agency director said.

The ultimate goal of the strategy is to increase the efficiency of the country’s capital markets to finance and support sustainable economic growth. For this, the agency must ensure the smooth functioning and development of all segments of the financial market in the republic.

“It is difficult to determine the capital market development policy, not paying attention to the policies of, for example, the Central Bank or the Ministry of Finance. Therefore, as part of developing a strategy, we need to take into account, among other things, the interests and policies of the other participants in the financial infrastructure of Uzbekistan,” Atabek Nazirov said.

The capital market development strategy provides for measures:

•  to create equal conditions for market participants;

•  to integrate with international financial markets;

•  to create an alternative to bank lending;

•  to remove barriers to investment;

•  to develop a legislative framework;

•  to stimulate an investment activity;

•  to build sustainable institutional capacity.

In order to increase supply in the capital market, a rational concept of privatization processes will be developed. In addition, the agency is working to simplify the process of issuing bonds.

It also introduces a proposal for the provision of tax incentives for companies whose significant shares are traded on the stock exchange. This practice has been used in many emerging markets, such as Vietnam or Thailand, to promote listing. Particular emphasis will be placed on the regulation of market makers.

In developed countries, the financial services industry, investment intermediation is sufficiently developed and allows people to have a decent income. Similarly, in Uzbekistan, over the time, the capital market can become a worthy employer for young people, Atabek Nazirov said.

The agency will present the capital market development strategy to the government at the end of December. International experts will be involved in its development. The key donors – the Asian Development Bank and the European Bank for Reconstruction and Development – will allocate about $700,000 to finance the work of external consultants.

International consulting firms will be selected by tender. They will be able to attract foreign and local consultants, experts to form a professional team that will study the situation and offer options for simplifying legislation, improving the work of the market as a whole.

(Source: Kun.uz)

International relationships

CIS Ministers of Internal Affairs meeting in Tashkent

Tashkent hosted the regular meeting of the Council of Ministers of Internal Affairs of the CIS member states.

The event was attended by delegations from the Ministries of Internal Affairs of Uzbekistan, Azerbaijan, Belarus, Kazakhstan, Russia, Tajikistan and Turkmenistan, the Police of Armenia, as well as representatives of the Bureau for Coordination of Fight against Organized Crime and Other Dangerous Types of Crimes on the CIS member-states territory, the CIS Executive Committee and the Anti-Terrorism Center.

At the meeting, the Minister of Internal Affairs of Uzbekistan Pulat Babajanov spoke about the activities carried out under the leadership of the President to ensure security and strengthen the rule of law. He emphasized that the number of offenses and crimes has drastically reduced thanks to the introduction of the system of crime prevention, practical measures aimed at preventing crimes.

Participants emphasized the important role of establishing cooperation between law enforcement agencies, in particular the internal affairs bodies and police services, in ensuring peace and stability in the CIS territory.

At the meeting, views were exchanged on comprehensive improvement of such cooperation, priorities for implementation of the practice of the interstate program for combatting crime. It was emphasized that jointly organized preventive measures and special operations yielded positive results.

Members of the Council also approved the concept of cooperation between the ministries of internal affairs and the police of the CIS member states for the period up to 2030.

The sides also comprehensively exchanged views on other current issues of cooperation in strengthening public security and stability, ensuring the rule of law.

The meeting was held in a constructive spirit.

(Source: UzA)

Uzbekistan, Russia sign deal on mutual recognition of higher education

The agreement on mutual recognition of education and qualifications, degrees was signed by the governments of Uzbekistan and Russia at the meeting of the joint commission on May 30 in Urgench.

The document was approved by the head of the Uzbek Authority for Supervision of Quality of Education under the Cabinet of Ministers Ulugbek Tashkenbayev and the Deputy Minister of Science and Higher Education of Russia Grigory Trubnikov.

The agreement is aimed at developing bilateral cooperation in the field of education and science, ensuring mutual recognition of education and qualifications, degrees obtained in Uzbekistan and Russia, as well as enhancing interaction between educational and scientific organizations of the two countries.

The document will allow graduates of universities in Russia and Uzbekistan to continue their studies and work by profession in any of the two states, which fact is expected to contribute to the development of academic mobility between countries, attracting foreign students and highly qualified personnel.

Speaking at the meeting, the Russian Prime Minister, Dmitry Medvedev, recalled that before the beginning of the 2019/20 school year, it is planned to open the branches of the Moscow Power Engineering Institute, the Mendeleev Russian Chemical Technology University and the Astrakhan State Technical University in Uzbekistan.

(Source: Tashkenttimes.uz)

UZBEKISTAN - THE COUNTRY OF TOURISM

The number of foreign tourists visiting Uzbekistan increased by 42%

The results of the study of statistical data show a high rate of growth in the number of foreign tourists, visiting in Uzbekistan. Thus, during the 1st quarter of 2019, the number of foreign tourists reached 1.3 million people. Compared to the same period of last year, this figure is 42% higher (for the 1st quarter of 2018 – 972,200 people).

At the same time, the growth rate of foreign visitors to Uzbekistan shows approximately the same level. Thus, the growth in the number of foreign tourists from CIS countries and far abroad was 38%. The growth in the number of tourists from Central Asia was 44%.

From far-abroad countries and the CIS, the largest number of tourists to Uzbekistan arrive from the Russian Federation, Turkey, Afghanistan, China, Korea, etc.

In terms of months, the largest number of arrivals of foreign tourists accounted for March – 549,500 people. However, compared with the same period of last year, the number of arriving tourists in January and February increased sharply. Thus, in January, the number of arriving tourists increased by 64% compared with the same period of 2018 (from 266,200 to 437,200), in February - by 48% (from 264,900 to 393,500).

If we consider the age category of arriving foreign tourists, we can see the predominance of the category of persons aged 31-55 years, whose number is 53.2% of the total number of tourists. The next are tourists under the age of 30 years - 27.4%, while tourists over 55 are 19.2%.

The bulk - 86.1% of visitors during the 1st quarter of this year, arrived to visit relatives and friends. This figure decreased compared to the same period of 2018 when 90.2% arrived for the purpose of visiting relatives and friends. The share of visitors arriving for the purpose of recreation and entertainment has sharply increased. Thus, this category of visitors amounted to 10.3%, whereas in the same period of 2018, this figure was 4.2%.

Next come the categories of visitors arriving for the purpose of treatment and rehabilitation (1.2%), business goals (1%), shopping, shopping (0.7%) and education (0.7%).

The duration of the stay of foreign tourists can be observed the following situation. The vast majority, 83.5% of the arriving guests remain in Uzbekistan for 1-3 days, which is slightly lower than the same period of 2018 (84.3%). The number of tourists staying in Uzbekistan from 3 days to 10 days is 13.3%, from 10 to 30 days - 2.7%, more than 30 days - 0.5%.

In general, during the II quarter of 2019, 1.47 million tourists is expected to arrive in Uzbekistan, and by the end of 2019 - about 6 million foreign tourists.

(Source: UzDaily.com)

 

 

 

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