Industrial enterprises in a number of districts in Tashkent Region of Uzbekistan are doing well, an analytical report published in the Uzbek newspaper Pravda Vostoka on 4 September said.
Malaysia Airlines’ (MAS) air freight unit, Malaysia Airlines Cargo Sdn Bhd (MASkargo), is establishing a freight hub in Tashkent, Uzbekistan’s capital, this month to tap the fast-growing cargo business in the Commonwealth of Independent States (CIS), Business Times reported.
Production in Asia is expected to continue to increase in 2007/08 to a record of 14.9 million tonnes, which would represent 59% of world production, International Cotton Advisory Committee said.
The number of registered legal entities in all sectors of the economy reached 461,200 as of 1 July 2007, of them 423,000 (91.7%) were in operation, according to the State Statistics Committee of Uzbekistan, according to the data of the State Business Register.
The number of registered small business entities reached 415,000 as of 1 July, 2007. In the first half of 2007 small business entities contributed 38.1% of the GDP (up from 34.1% in January-June 2006), of which 7.7 % belong to small enterprises, 13.3% - to microfirms and 17.1% - to individual entrepreneurs.
Within the frame of the State Privatization Programme, 281 enterprises and projects were privatized in January-June 2007, according to the data of the State Property Committee.
In January-June 2007, the foreign trade turnover of Uzbekistan amounted to US$6.6 billion or 126.3% of the result for January-June 2006. Of this exports comprised US$4.129 billion and imports - US$2.47 billion (up 39% and 9.5% respectively).
The State Demonopolisation Committee has received a request from the Uzbek-Swiss NefteGazMontaj LLC (Oil and Gas Assembly) Joint Venture for the acquisition of 100% stake in Avek-Motors Open Joint-Stock Company.