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Nonviolent Solidarity Movement of Uzbekistan

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Archive for Business & Economics

Credit-Standard Bank capital reaches UZS 9.36 bn

  Open joint stock commercial bank Credit-Standard is a universal lending institution serving corporate and private business. It is among the ten largest banks in Uzbekistan and occupies leading positions on reliability and stability.Credit-Standard Bank was founded on 16 August 2003. The authorized capital at the time of registration was UZS 1.3 billion, now it […]

International Finance Corporation (IFC) head visits Uzbekistan

  Lars Thunell, Executive Vice President and CEO of IFC, a member of the World Bank Group, concluded his first official visit to Uzbekistan by emphasizing that IFC would continue to increase access to finance for micro and small enterprises, contribute to improving the business enabling environment, and help develop housing finance. IFC will also […]

Asaka automobile plant turns 12

  Automobile plant in Asaka, Andijan region of Uzbekistan, turns 12 on 19 July. It was on this day in 1996 that Uzbekistan became one of the world’s 28 car-producing countries.Lacetti, Nexia, Matiz and Damas manufactured at the Asaka plant enjoy high demand not only in Uzbekistan, but also abroad. Starting from this year, the […]

Finding Value In Establishing Cooperatives Based On Value Chain

  Agriculture is the backbone of the economy of Uzbekistan and work in agriculture, one of the main sources of rural income. Fruit, vegetables and milk come to our tables mainly from small private farmers, the dekhan farmers. Dekhan farms are mostly household gardens that are part of the family farm and larger farms. Some […]

Uzbek Gold

  Uzbekistan is the world’s eighth largest producer of gold. The gold mine is owned by the Navoi Mining and Metallurgical Combine (NGMK), a Soviet-era, state-owned firm that the government refuses to privatize or reform. The estimated output in 1999 was 80 tons but there was no independent confirmation.   Gold accounts for 10 to 20 percent […]

Uzbek State Statistics Committee informs about the decrease of cotton production

  “Times of Central Asian” reports that cotton fiber production in Uzbekistan dropped 1,1 % to 728 300 tons in January to February. This information was released by State Statistics Committee, regime closed governmental organization which can only report such common things and no true information on social issues.Production of cotton yarn at textile companies […]

Turkmenistan, Uzbekistan play energy games while Central Asia shivers

The leaders of Turkmenistan and Uzbekistan are trying to extract the maximum benefit from their neighbors’ misery. As the people of Central Asia shiver through the harshest winter in generations, Ashgabat and Tashkent are turning the screws, or shutting off the valves altogether, in a bid to obtain a higher price for their natural gas exports.

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