News

Uzbekıstan plans to draw US$ 6.8 billion in direct investments and loans

2019-05-31 13:09:44

Joint meeting of the Senate committee on international relations, foreign economic relations, foreign investments and tourism and the committee for budget and economic reforms was held today.

During the meeting, the report for Q1 of the Ministry of Investment and Foreign Trade was heard.

The activities of the Ministry of Investment and Foreign Trade was discussed in detail. In particular, US$ 6.8 billion of foreign investments and loans is expected to be drawn in 2019, that is by 1.2 times more to 2018.

The plan for 345 projects in 2019 is US$ 7.8 billion, in January-March 2019 - US$ 2,193.3 million or in relation to the Q1 plan ($ 1,171.4 million), or 187.2 % and compared to the annual target figures - 28%.

In addition, it was noted that a draft resolution of the Cabinet of Ministers was developed to set up a direct investments fund.

Uzbekistan eases e-visa norms

2019-05-31 11:25:50

President Shavkat Mirziyoyev signed a decree on May 28 establishing new procedure for e-visas, the Committee for Tourism Development reported.

According to the decree which will take immediate effect, the e-visas shall be issued for stays equal or less than 30 days from the date of entry to the Uzbek territory and shall be valid for 90 days from the date of its issue.

Prior to that, the e-visas were issued for stays equal or less than 30 days with single entry. If the validity of the visa at the time of entry was less than 30 days, his stay in Uzbekistan could not be longer than the validity period of the e-visa.

The move is reportedly aimed at increasing the average length of stay of tourists.

The regulation review was prompted by a case in early January when a Swiss couple was not allowed to leave the country due to tourist visa overstay of one and two days and which sparked public outcry. The Uzbek Tourism Committee then stated that the current regulations were failing to meet the modern trends.



Uzbekistan, Russia sign deal on mutual recognition of higher education
2019-05-31 10:56:25
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.

Sayings!