Japan’s Ministry of Economy, Trade and Industry (METI) plans to explore uranium reserves in former communist countries such as Mongolia and Uzbekistan in cooperation with local governments, industry paper The Denki Shimbun reported in its Tuesday morning edition.
The Asian Development Bank (ADB) has issued a new major report - the Asian Development Outlook (ADO) 2007 Update. The Update revises GDP growth projections made in March’s ADO 2007 for six of the seven countries in Central Asia (not Tajikistan). This lifts the subregional projection to 11.1% from 10.3%. In the first half of 2007, these countries showed evidence of quickening economic activity.
Developing Asian economies will register solid economic growth in 2007, driven by fast growth in the People’s Republic of China (PRC) and India, the Asian Development Bank (ADB) says in a new major report.
Turkish International Agency for Cooperation and Development (TIKA) and United Nations Development Programme (UNDP) together with the Chamber of Commerce and Industry of Uzbekistan supported a visit of International Experts to Tashkent on 12-14 September 2007 for sharing experience of in export promotion.
An era of record-high oil prices topping US$80 a barrel has left investors and nations scrambling to develop alternative sources of energy. The theoretical annual potential of solar power is estimated to exceed all fossil fuels reserves by more than 10-20 times, UPI reported.
LUKOIL will invest US$300 million in 2007 to develop Kandym-Khauzak-Shady gas deposits, Andrei Podbolotov, LUKOIL Overseas Uzbekistan Ltd. general director, said in Tashkent.
Kazakh President Nursultan Nazarbayev regards it extremely pressing to form a Central Asian Economic Union which will help to integrate peoples, having common culture and traditions.
Almost 500 representatives of 263 companies from 33 states have confirmed their participation in the upcoming third International Uzbek Cotton Fair.
The Sultanate of Brunei has marked another milestone with the signing of an agreement between Darussalam Holdings Sdn Bhd and Uzbektourism, a national company of Uzbekistan, to promote tourism in both countries.
Daewoo International, a leading South Korean trading company, has recently signed a service contract with a geological research institute in Uzbekistan for the development of oil fields in the Central Asian country, according to the trading firm Wednesday.