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uzbekistan

Auto Exports to Russia Stall

Uzbekistan's auto exports to Russia is falling.

Uzbekistan's auto exports to Russia is falling. In January, the Uzbekistan based Daewoo automaker only exported 935 vehicles to Russian dealers, a 86 percent drop compared to the previous month's total. February figures are likely to show a huge decline in sales to continue. The car sale sector in Uzbekistan has been on a precipitous slope since the global financial crisis. Approximately 15,000 vehicles have been returned to the car plant during the last quarter of 2008. The car plant is said to employ more than 5,000 people. The decline in sales is still happening despite Uzbek government efforts to keep the auto industry alive. Recently, the government established a $25 million credit line to five Russian distributors of Uzbek vehicles.

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uzbekistan

Sasol, Petronas Studying Fuels Plant in Uzbekistan

South Africa's world's biggest producer of motor fuels from coal, Sasol LTD., and Malaysia's Petroliam Nasional Bhd., are currently under talks to potentially study a gas-to-fuel plant in Uzbekistan that might be supersede Sasol's Qatar facility.

South Africa's world's biggest producer of motor fuels from coal, Sasol LTD., and Malaysia's Petroliam Nasional Bhd., are currently under talks to potentially study a gas-to-fuel plant in Uzbekistan that might be supersede Sasol's Qatar facility. The plant could potentially produce 40,000 barrels a day, whilst the Qatar plant only has the capacity to produce 34,000 barrels per day. Petronas plans to invest more than $750 million in oil and gas projects in Uzbekistan if the study ends up with results.

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uzbekistan

Gazprom Comes up Dry on Exploration Attempts

Gazprom, the largest natural gas extractor and largest Russian company, has handed back exploration licenses for three hydrocarbon deposits in northern Uzbekistan

Gazprom, the largest natural gas extractor and largest Russian company, has handed back exploration licenses for three hydrocarbon deposits in northern Uzbekistan. The explorations led to disappointing results with no commercial use. A outside source stated that the hand-back is an indication of the Russian company taking measures to reduce its investment program. However, the hand back licenses are now expected to be taken over by Malaysia's Petronas. Gazprom though will continue to explore in other areas of Uzbekistan.

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uzbekistan

Electricity Rationing Eased In Tajikistan

Recent reports had stated that due to Uzbekistan stopping delivery of electricity to Tajikstan, the country has recently been rationing electricity.

Recent reports had stated that due to Uzbekistan stopping delivery of electricity to Tajikstan, the country has recently been rationing electricity. But, reports have now stated that electricity rationing has been eased in Tajikistan. Nozirjon Yodjori, spokesperson for Tajikistan's major electricity provider, told reporters that electricity rationing has been abandoned in the capital and eased elsewhere in the country's province. According to the same spokesperson, Uzbekistan and Turkmenistan have resumed supplying electricity to Tajikistan.

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uzbekistan

Uzbekistan To Halve Energy Supply To Tajikistan - Gas Company

DUSHANBE, Tajikistan (AFP)--Uzbekistan will halve its supply of natural gas to neighboring Tajikistan next week because of unpaid debts, Tajik state gas company Tajiktransgaz said Thursday.

DUSHANBE, Tajikistan (AFP)--Uzbekistan will halve its supply of natural gas to neighboring Tajikistan next week because of unpaid debts, Tajik state gas company Tajiktransgaz said Thursday. "The principal cause is increasing debt for received gas which is already $18 million. Part of the debt - $8 million - is from the first month of this year of year," a company spokesman told AFP. "Within a week Uzbekistan will gradually reduce gas deliveries. If in the beginning of the week Tajikistan received 45,000 cubic meters a day, from now on, only 20,000 cubic meters", he said. An impoverished central Asian state with a population of 7.5 million, Tajikistan is caught in an energy crisis.

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uzbekistan

Uzbekistan And Russia Strengthen Energy Ties

Energy ties between Uzbekistan and Russia were strengthened Friday, with the former pledging to support a new trans-Russian gas pipeline, and enhance its natural gas export to Russia.

Energy ties between Uzbekistan and Russia were strengthened Friday, with the former pledging to support a new trans-Russian gas pipeline, and enhance its natural gas export to Russia. President Islam Karimov of Uzbekistan told reporters that Uzbekistan has offered to sell 16 billion cubic meters of gas to Russia this year and could double that amount within the next decade. Uzbekistan's continued export of gas to Russia was crucial, as the European Union wants Central Asia to feed its Nabucco pipeline project, bypassing Russia due to a dispute between Russia and Ukraine over gas pricing contract which led to a two-week fuel crisis in other parts of Europe earlier this month.

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uzbekistan

Tajik Minister Says Uzbekistan Violating Energy Agreement

Tajik Foreign Minister Hamrohkhon Zarifi has said that Uzbekistan has not fulfilled its obligations according to bilateral agreements on energy and water signed at a Commonwealth of Independent States summit in Bishkek last year, RFE/RL's Tajik Service reports.

Tajik Foreign Minister Hamrohkhon Zarifi has said that Uzbekistan has not fulfilled its obligations according to bilateral agreements on energy and water signed at a Commonwealth of Independent States summit in Bishkek last year, RFE/RL's Tajik Service reports. Zarifi said Uzbekistan began interrupting Turkmen electricity deliveries to Tajikistan in January, forcing the country to use water from the Nurek and Qairoqum reservoirs to produce electricity. The reservoirs are used by Uzbek and Turkmen farmers downstream, and Zarifi said both countries would face serious water shortages if the situation does not change by summer.

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uzbekistan

GM to launch Chevrolet M300 production in Uzbekistan

The Uzbek government has authorized production of Chevrolet M300 cars at a joint venture called General Motors Uzbekistan, a government spokesman said on Tuesday.

The Uzbek government has authorized production of Chevrolet M300 cars at a joint venture called General Motors Uzbekistan, a government spokesman said on Tuesday. "The project is worth an estimated $125 million," the spokesman said, adding that production is to start in 2010, at a rate of 50,000 cars a year. M300 is the codename for a new small car that will go on sale later this year. GM Uzbekistan already makes such cars as Captiva, Epica, Tacuma, Nexia, Matiz, Lacceti and Damas. General Motors owns a 25% interest in the company. In October 2005, the 500,000th vehicle rolled off the assembly line. In 2007, 170,000 cars were produced and almost 140,000 during the first nine months of 2008.

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uzbekistan

Uzbekistan To Put Into Operation 7 New Uranium Deposits

The Navoiisky mining and smelting plant (NGMK), Uzbekistan's export operator, plans to put into operation seven new uranium deposits.

The Navoiisky mining and smelting plant (NGMK), Uzbekistan's export operator, plans to put into operation seven new uranium deposits. Kuvandik Sanakulov the NGMK general director said the uranium production and enrichment monopoly was conducting geological prospecting work at five of the seven deposits. "As part of an increase in uranium production up to 2012, the expansion and reconstruction of sulfuric production, at a cost of about $12 million, will be carried out. The implementation of the program will make it possible to increase uranium production in 2012 by 50%," Sanakulov said. Uzbekistan is ranked seventh in the world in terms of uranium reserves and fifth in terms of its production by the International Atomic Energy Agency.

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uzbekistan

India, Uzbekistan Resolve to Step Up Bilateral Trade

From September 16-17, government officials from Uzbekistan and India met for the eighth session of the inter-governmental commission on Trade, Economic, Scientific and Technological Cooperation between the two countries.

From September 16-17, government officials from Uzbekistan and India met for the eighth session of the inter-governmental commission on Trade, Economic, Scientific and Technological Cooperation between the two countries. Both countries expressed interest in increasing bilateral trade. In the first half of 2008, trade between the countries reached almost $40 million.

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uzbekistan

Uzbekistan Taking Measures to Prevent Sale of Low-Quality Toys

The State committee of Uzbekistan have begun implementing a plan to prevent low quality toys being sold on domestic markets.

The State committee of Uzbekistan have begun implementing a plan to prevent low quality toys being sold on domestic markets. Last year, there were at least 250 cases of toy smuggling registered in the country. Some misdemeanors include selling toys with no relevant documents, invoices, contracts, quality and hygiene certificates or labels in local language.

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uzbekistan

Number of Monopolies in Uzbekistan Declines

The number of monopolies in Uzbekistan has decreased 3.5 times over the past ten years.

The number of monopolies in Uzbekistan has decreased 3.5 times over the past ten years. Their overall share of the GDP has also dropped from 26 to 21 percent during the period of 2004-2007. Most of the drop has been attributed to various laws that have been passed regulating the formation and business practices of many monopolies.

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uzbekistan

Gazprom Loses Cheap Central Asian Gas

Gazporom will begin buying gas from Uzbekistan, Kazakhstan, and Turkmenistan at European tariffs as of 2009 in accordance with a decision made by senior executives of Gazprom, Kazmunaigaz, Uzbekneftegaz, and Turkmengaz.

Gazporom will begin buying gas from Uzbekistan, Kazakhstan, and Turkmenistan at European tariffs as of 2009 in accordance with a decision made by senior executives of Gazprom, Kazmunaigaz, Uzbekneftegaz, and Turkmengaz. Gazprom buys 55-60 billion cubic meters of gas from Central Asian countries mostly at the prices already set. East European Gas Analysis Director Mikhail Korchemkin claims that Central Asian gas will cost Gazprom about USD 8 billion this year.

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uzbekistan

Uzbekistan Oil Fields Get Investments from Russia

Uzbekistan oil projects receive an investment from Lukoil

Uzbekistan will get a USD 700 million investment from Russia's Lukoil. The investment is geared for projects in Gyssar and Ustyurtsk oil fields. These fields are expected reach an annual output of 3 billion cubic meters. Product will be exported through the state-run Gazprom pipelines. Lukoil is Russia's biggest independent oil company and the investment in Uzbekistan is to fulfill long-term success of the company.

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uzbekistan

Uzbekistan Plan Energy Projects with Russia

Uzbekistan tightens relationship with Russia through economic agreements

Uzbekistan tightens relationship with Russia through economic agreements. So far, the two nations have 200 various agreements. In 2007, trade is up by 40 percent tipping USD 3 billon between the two nations. In Uzbekistan 40 percent of FDI is supplied by Russia. The two countries are also discussing oil and nuclear project developments.

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uzbekistan

Power Uzbekistan 2007 To Open September 25

The Second Power Uzbekistan Internation Exhibition will open on September 25 in Tashkent. The exhibition will be open for the professionals of the energy section until September 27.

The Second Power Uzbekistan Internation Exhibition will open on September 25 in Tashkent. The exhibition will be open for the professionals of the energy section until September 27. Power Uzbekistan 2007 is intended, among other things, to provide an opportunity for the demonstration of the scientific and industrial technology and equipment.

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uzbekistan

Uzbekistan Ignores IMF Recommendations to Curb Inflation

Price increases of as much as 16 percent for gas, 25 percent for public transportation and 50 percent for flour in about a month's time have led to increased civil unrest, forcing the interior military to go on alert.

Price increases of as much as 16 percent for gas, 25 percent for public transportation and 50 percent for flour in about a month's time have led to increased civil unrest, forcing the interior military to go on alert. Despite having made some official attempts to reduce prices for food, some observers say that the government has largely ignored all recommendations by the IMF to control galloping inflation.

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uzbekistan

Tashkent to House the Management Development Institute of Singapore

On Wednesday, Uzbekistan President Islam Karimov signed a resolution to establish the Management Development Institute of Singapore in the Uzbek capital of Tashkent. Together with the Management Development Institute, the Uzbekistan Banks Association has contributed much interest and effort in order to set up the educational institution. Graduate and undergraduate degrees in banking, business administration and tourism will be offered as the institute opens its doors in the academic year of 2008-2009 to begin churning out skilled Uzbek businesspeople.

On Wednesday, Uzbekistan President Islam Karimov signed a resolution to establish the Management Development Institute of Singapore in the Uzbek capital of Tashkent. Together with the Management Development Institute, the Uzbekistan Banks Association has contributed much interest and effort in order to set up the educational institution. Graduate and undergraduate degrees in banking, business administration and tourism will be offered as the institute opens its doors in the academic year of 2008-2009 to begin churning out skilled Uzbek businesspeople.

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uzbekistan

Uzbekistan Maintains High Production Growth

The International Monetary Fund, which visited Uzbekistan last year, has noted that this year's economic indicators have remained strong since last year's high levels. In the interest of economic development, the country has focused on establishing sustainable and balanced growth rates, continuing the structuring and modernization of the economy, technical and technological renovation its important sectors, and further liberalization of the tax policy. Growth rates have exceeded expert predictions and inflation rates did not exceed the forecast parameters in the last six months, evidence that Uzbekistan is committed to its priorities and attaining its goals.

The International Monetary Fund, which visited Uzbekistan last year, has noted that this year's economic indicators have remained strong since last year's high levels. In the interest of economic development, the country has focused on establishing sustainable and balanced growth rates, continuing the structuring and modernization of the economy, technical and technological renovation its important sectors, and further liberalization of the tax policy. Growth rates have exceeded expert predictions and inflation rates did not exceed the forecast parameters in the last six months, evidence that Uzbekistan is committed to its priorities and attaining its goals.

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uzbekistan

Uzbek President Islam Karimov Convenes with PRC’s President

On Wednesday, Uzbek President Islam Karimov arrived in Bishkek, Kyrgyzstan to participate in the Bishkek summit of the Shanghai Cooperation Organization (SCO) that is to be held on August 16, 2007. Still, President Islam Karimov's early arrival allowed him to hold talks with President of the People's Republic of China Hu Jintao, to which they discussed the state and perspectives of bilateral relations, as well as cooperation within the SCO.

On Wednesday, Uzbek President Islam Karimov arrived in Bishkek, Kyrgyzstan to participate in the Bishkek summit of the Shanghai Cooperation Organization (SCO) that is to be held on August 16, 2007. Still, President Islam Karimov's early arrival allowed him to hold talks with President of the People's Republic of China Hu Jintao, to which they discussed the state and perspectives of bilateral relations, as well as cooperation within the SCO.

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uzbekistan

Shanghai Cooperation Organization Keen on Turkmenistan Membership

According to a deputy Russian foreign minister, the Shanghai Cooperation Organization (SCO) is interested in involving energy-rich Turkmenistan in its activities. The SCO has offered Turkmen President Gurbanguly Berdymukhammedov an invitation to attend Thursday's meeting in the Kyrgyzstan capital of Bishkek. The possibility of establishing an energy club will be touched upon by the heads of state from Kazakhstan, China, Russia, Tajikistan, Uzbekistan, and Kyrgyzstan. Pakistan, India, Mongolia, and Iran will be in attendance as well, considering the four nations role in the SCO, which is observer status.

According to a deputy Russian foreign minister, the Shanghai Cooperation Organization (SCO) is interested in involving energy-rich Turkmenistan in its activities. The SCO has offered Turkmen President Gurbanguly Berdymukhammedov an invitation to attend Thursday's meeting in the Kyrgyzstan capital of Bishkek. The possibility of establishing an energy club will be touched upon by the heads of state from Kazakhstan, China, Russia, Tajikistan, Uzbekistan, and Kyrgyzstan. Pakistan, India, Mongolia, and Iran will be in attendance as well, considering the four nations role in the SCO, which is observer status.

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uzbekistan

Uzbekistan’s Railways See 19.6 Percent More Traffic

According to the Uzbekistan National News Agency, Uzbekistan Railways transported 27.8 million tons of cargo during the first six months of 2007. When juxtaposed to last years figures, we see 19.6 percent increase in the amount of transported cargo, whereas the number of passengers carried jumped 10.1 percent during the reporting period. Since Uzbekistan has gained independence, a total of 564 km of new railroads have been built.

According to the Uzbekistan National News Agency, Uzbekistan Railways transported 27.8 million tons of cargo during the first six months of 2007. When juxtaposed to last years figures, we see 19.6 percent increase in the amount of transported cargo, whereas the number of passengers carried jumped 10.1 percent during the reporting period. Since Uzbekistan has gained independence, a total of 564 km of new railroads have been built.

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uzbekistan

Kyrgyzstan May Suspend Electricity Exports in 2008 to Neighboring Kazakhs, Uzbeks

Utility analysts in Kyrgyzstan are anticipating the possibility of suspending electricity exports to neighboring Central Asian nations of Uzbekistan and Kazakhstan due to a drop in flow through hydroelectric plants at the republic's largest artificial water reservoir. In 2006, the reservoir maintained 16.7 billion cubic meters of water whereas currently it is at a level of 13.6 billion cubic meters. Analysts predict the 2008 water level to hover around only 7.5 billion cubic meters. This possibility will affect how Kyrgyzstan consumes energy and relying more upon natural gas and other fossil fuels.

Utility analysts in Kyrgyzstan are anticipating the possibility of suspending electricity exports to neighboring Central Asian nations of Uzbekistan and Kazakhstan due to a drop in flow through hydroelectric plants at the republic's largest artificial water reservoir. In 2006, the reservoir maintained 16.7 billion cubic meters of water whereas currently it is at a level of 13.6 billion cubic meters. Analysts predict the 2008 water level to hover around only 7.5 billion cubic meters. This possibility will affect how Kyrgyzstan consumes energy and relying more upon natural gas and other fossil fuels.

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uzbekistan

Uzbekistan’s Chkalov Aircraft Factory to Issue Massive Lay-offs

As the government of Uzbekistan endorsed a new organizational structure of the Chkalov Aircraft Factory in Tashkent, one in five employees will be considered redundant by the end of the year. Currently the factory employs 10,900 people, but according to sources associated with Ferghana Information Agency, the "Optimization of activity and financial recovery of [the Chkalov] Aircraft Factory...stipulates the reduction of personnel by 2,200 men (including 365 managers at different levels)."

As the government of Uzbekistan endorsed a new organizational structure of the Chkalov Aircraft Factory in Tashkent, one in five employees will be considered redundant by the end of the year. Currently the factory employs 10,900 people, but according to sources associated with Ferghana Information Agency, the "Optimization of activity and financial recovery of [the Chkalov] Aircraft Factory...stipulates the reduction of personnel by 2,200 men (including 365 managers at different levels)."

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uzbekistan

Uzbekistan: President Karimov Welcomes Kazakh Prime Minister

Coinciding with the opening of the Development Bank of Kazakhstan's office in the Uzbek capital of Tashkent, Uzbekistan's President Islam Karimov received Kazakh Prime Minister Karim Massimov. In their previous exchanges, both heads of state started the architecture for the Kazakh-Uzbek Interstate Coordination Council, which was a touchstone throughout the meeting. Further discussion was anchored to developing and strengthening the cooperation between the two Central Asian Republics.

Coinciding with the opening of the Development Bank of Kazakhstan's office in the Uzbek capital of Tashkent, Uzbekistan's President Islam Karimov received Kazakh Prime Minister Karim Massimov. In their previous exchanges, both heads of state started the architecture for the Kazakh-Uzbek Interstate Coordination Council, which was a touchstone throughout the meeting. Further discussion was anchored to developing and strengthening the cooperation between the two Central Asian Republics.

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uzbekistan

Tajiks, Uzbeks Bore the Brunt of Inflationary Prices

As inflation rates are on the rise in the Central Asian nations of Tajikistan and Uzbekistan, political figures and policymakers have been forced to answer to the public and to quell the associated costs. The cost of bread alone has sparked national outcry in both Central Asian nations. While attributing the rise in prices to market forces, Tajikistan's Economy and Development Ministry spokesman Rasuljan Ghafuri said, "These are market prices, but there should be mechanisms to regulate them and the government should use these mechanisms." Across the Fergana Valley in Uzbekistan, the Uzbek government recently increased wages and then, shortly after, raised the prices for basic goods-a response considered to be clockwork by analysts.

As inflation rates are on the rise in the Central Asian nations of Tajikistan and Uzbekistan, political figures and policymakers have been forced to answer to the public and to quell the associated costs. The cost of bread alone has sparked national outcry in both Central Asian nations. While attributing the rise in prices to market forces, Tajikistan's Economy and Development Ministry spokesman Rasuljan Ghafuri said, "These are market prices, but there should be mechanisms to regulate them and the government should use these mechanisms." Across the Fergana Valley in Uzbekistan, the Uzbek government recently increased wages and then, shortly after, raised the prices for basic goods-a response considered to be clockwork by analysts.

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uzbekistan

Uzbekistan to Sell Off 1,432 Companies to Private Sector by 2011

According to the Presidential resolution entitled "On facilitation of processes of privatization and active involvement of foreign investments in 2007-2010," the Uzbek government intends to put into motion the sale of 944 enterprises and objects. President Islom Karimov stated that 50 percent interest in the Andijan-based UzDAEWOOauto and the Smarakand-based SamAuto automobile plants are to be shopped to foreign investors. The auto factories are on the list of 336 strategic assets to be shuffled into the private sector over the next 3.5 years.

According to the Presidential resolution entitled "On facilitation of processes of privatization and active involvement of foreign investments in 2007-2010," the Uzbek government intends to put into motion the sale of 944 enterprises and objects. President Islom Karimov stated that 50 percent interest in the Andijan-based UzDAEWOOauto and the Smarakand-based SamAuto automobile plants are to be shopped to foreign investors. The auto factories are on the list of 336 strategic assets to be shuffled into the private sector over the next 3.5 years.

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uzbekistan

Uzbekistan: First Half of 2007 Development Results Considered

Uzbekistan Prime Minister Shavkat Mirziyoyev chaired the session of the Cabinet of Ministers of Uzbekistan to evaluate and consider the results of the nation's socioeconomic development. While looking at data of the first six months of the year, much was to be extrapolated, such as further actions to support private entrepreneurs and develop competition. New development in industry and publicly led projects, including the Tashguzar-Baysun-Qumqurgan railway line, were also covered during the session. According to figures released at the meeting, Uzbekistan's GDP increased by 9.7 percent in the first six months of 2007.

Uzbekistan Prime Minister Shavkat Mirziyoyev chaired the session of the Cabinet of Ministers of Uzbekistan to evaluate and consider the results of the nation's socioeconomic development. While looking at data of the first six months of the year, much was to be extrapolated, such as further actions to support private entrepreneurs and develop competition. New development in industry and publicly led projects, including the Tashguzar-Baysun-Qumqurgan railway line, were also covered during the session. According to figures released at the meeting, Uzbekistan's GDP increased by 9.7 percent in the first six months of 2007.

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uzbekistan

Next Ferghana Valley Gubernatorial Meeting Highly Anticipated

In what was envisaged as a diplomatic endeavor to expand cooperation between the Central Asian nations of Kyrgyzstan, Tajikistan and Uzbekistan, specifically in their shared inhabitance of the Ferghana Valley, hit a roadblock with the notable absence of a Tajik presence. Nevertheless, representatives and diplomats of Kyrgyzstan and Uzbekistan focused on aligning their interests for the good of the region. The upcoming summit is scheduled for late July in Jalalabad, Krygyzstan where all parties are scheduled to be in attendence.

In what was envisaged as a diplomatic endeavor to expand cooperation between the Central Asian nations of Kyrgyzstan, Tajikistan and Uzbekistan, specifically in their shared inhabitance of the Ferghana Valley, hit a roadblock with the notable absence of a Tajik presence. Nevertheless, representatives and diplomats of Kyrgyzstan and Uzbekistan focused on aligning their interests for the good of the region. The upcoming summit is scheduled for late July in Jalalabad, Krygyzstan where all parties are scheduled to be in attendence.

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uzbekistan

Uzbek-Afghan Intergovernmental Commission Convenes in Tashkent

On Wednesday, the Uzbek-Afghan intergovernmental commission for trade-economic and scientific-technical cooperation convened in the Uzbek capital to focus on trade cooperation. Along with the discussion of diversifying and increasing trade turnover, the commission co-chairman from the Uzbekistan, Vice Prime Minister N.Khanov, said projects on developing the economic relation between two countries, such as developing transport communications, agriculture, tourism, oil and gas processing are of interest. Uzbek-Afghan trade turnover increased 55.2 percent since last year.

On Wednesday, the Uzbek-Afghan intergovernmental commission for trade-economic and scientific-technical cooperation convened in the Uzbek capital to focus on trade cooperation. Along with the discussion of diversifying and increasing trade turnover, the commission co-chairman from the Uzbekistan, Vice Prime Minister N.Khanov, said projects on developing the economic relation between two countries, such as developing transport communications, agriculture, tourism, oil and gas processing are of interest. Uzbek-Afghan trade turnover increased 55.2 percent since last year.

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uzbekistan

Kyrgyzstan Bidding for Inclusion in Chinese-Central Asian Pipeline

Kyrgyzstan is showing its interest in being the transit country for a proposed pipeline that would transport Turkmen and Uzbek energy to China. Though the mountainous terrain of Kyrgyzstan makes them an expensive option, the project would be granted financial backing from the Asian Development Bank (ADB) and the basic infrastructure is already in place. Confidence that Kyrgyz authorities will not use their advantageous position as a political bargaining chip may is expected to help move the project forward.

Kyrgyzstan is showing its interest in being the transit country for a proposed pipeline that would transport Turkmen and Uzbek energy to China. Though the mountainous terrain of Kyrgyzstan makes them an expensive option, the project would be granted financial backing from the Asian Development Bank (ADB) and the basic infrastructure is already in place. Confidence that Kyrgyz authorities will not use their advantageous position as a political bargaining chip may is expected to help move the project forward.

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uzbekistan

Uzbek Farmers Complete 6,250,000 Ton Grain Sale to State

On Monday, Uzbekistan President Karimov congratulated his country's grain growers on completing their obligations by selling over 6,250,000 tons of grain to the state. According to Uzbekistan National News Agency, the average yield in the region consisted of 48 metric centner (or quintal) per hectare. Uzbek farmers still continue to reap their grain yields.

On Monday, Uzbekistan President Karimov congratulated his country's grain growers on completing their obligations by selling over 6,250,000 tons of grain to the state. According to Uzbekistan National News Agency, the average yield in the region consisted of 48 metric centner (or quintal) per hectare. Uzbek farmers still continue to reap their grain yields.

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uzbekistan

Uzbekistan: Foodstuffs Inflate in Price Alongside Minimum Wage Hike

Prices of foodstuffs, particularly bread and meat, responded to the recent presidential decree of raising minimum wages, pensions, scholarships, and grants. In the Uzbek capital of Tashkent, it is reported that bread prices inflated nearly 20 percent just one week after the announcement of the wage increase. Municipal transport, energy products, and communal services tariffs are also expected to increase when the presidential decree goes into effect on August 1, 2007.

Prices of foodstuffs, particularly bread and meat, responded to the recent presidential decree of raising minimum wages, pensions, scholarships, and grants. In the Uzbek capital of Tashkent, it is reported that bread prices inflated nearly 20 percent just one week after the announcement of the wage increase. Municipal transport, energy products, and communal services tariffs are also expected to increase when the presidential decree goes into effect on August 1, 2007.

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uzbekistan

Uzbekistan Wage Increase Forecasted at 25 Percent

According to a decree signed on July 10 by President of Uzbekistan Islam Karimov, there will be an increase in salaries, pensions, stipends and social allowances starting in August. On average, the aforementioned payments will increase 1.25 times from current Uzbek wages. It is hoped that the associated rise in consumer spending and increase in disposable income will spur on growth of the domestic economy.

According to a decree signed on July 10 by President of Uzbekistan Islam Karimov, there will be an increase in salaries, pensions, stipends and social allowances starting in August. On average, the aforementioned payments will increase 1.25 times from current Uzbek wages. It is hoped that the associated rise in consumer spending and increase in disposable income will spur on growth of the domestic economy.

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uzbekistan

Kyrgyzstan and Uzbekistan Organize Meeting

The governors of three regions in Kyrgyzstan and three in Uzbekistan have organized an informal Ferghana Summit meeting to take place in Jalalabad. The governors are gathering to facilitate friendship and stability in the region. Kyrgyzstan and Uzbekistan hope to improve their economic and agrarian interaction to develop relations between the two countries.

The governors of three regions in Kyrgyzstan and three in Uzbekistan have organized an informal Ferghana Summit meeting to take place in Jalalabad. The governors are gathering to facilitate friendship and stability in the region. Kyrgyzstan and Uzbekistan hope to improve their economic and agrarian interaction to develop relations between the two countries.

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uzbekistan

Uzbekistan Hosts Sino-Uzbek Business Forum

The Uzbekistan Chamber of Commerce and the Chinese Committee for Promoting International Trade together organized a business forum in the Uzbek capital of Tashkent. Representatives from governmental ministries and private companies in the agriculture, banking, energy, and transport sectors took part in developing a dialogue with respect to investment and cooperation. While many Chinese investments firms already operate in Uzbekistan in the realm of light industry, processing agriculture products, and information technology, both sides are interested in exploring new ways of expanding their bilateral relationship.

The Uzbekistan Chamber of Commerce and the Chinese Committee for Promoting International Trade together organized a business forum in the Uzbek capital of Tashkent. Representatives from governmental ministries and private companies in the agriculture, banking, energy, and transport sectors took part in developing a dialogue with respect to investment and cooperation. While many Chinese investments firms already operate in Uzbekistan in the realm of light industry, processing agriculture products, and information technology, both sides are interested in exploring new ways of expanding their bilateral relationship.

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uzbekistan

Russian Companies Frustrated With Uzbek Currency Conversion Snags

In a documented attempt to expedite conversion of revenue from Uzbekistan financial institutions to hard currency, Russian companies have turned to the Embassy of the Russian Federation to avoid the timely delay. Aeroflot, a Russian company serviced by ABN Amro Bank is unable to convert UZS 2.2 billion with their longest delay to convert funds reaching 103 days. The Russian Federation Ministry of Trade is currently exploring in tandem with the Foreign Ministry of the Republic of Uzbekistan how best to resolve these currency conversion problems.

In a documented attempt to expedite conversion of revenue from Uzbekistan financial institutions to hard currency, Russian companies have turned to the Embassy of the Russian Federation to avoid the timely delay. Aeroflot, a Russian company serviced by ABN Amro Bank is unable to convert UZS 2.2 billion with their longest delay to convert funds reaching 103 days. The Russian Federation Ministry of Trade is currently exploring in tandem with the Foreign Ministry of the Republic of Uzbekistan how best to resolve these currency conversion problems.

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uzbekistan

Kyrgyzstan Reports Huge Leap in Foreign Direct Investment

The Kyrgyz National Statistics Committee has reported a 59.6 percent increase in the flow of foreign direct investments into the country's economy in 2006. 40.7 percent of the USD 335.6 million invested came from Kazakhstan, with another 5.9 percent coming from Russia. Uzbekistan's direct investment into Kyrgyzstan grew 8.4 times.

The Kyrgyz National Statistics Committee has reported a 59.6 percent increase in the flow of foreign direct investments into the country's economy in 2006. 40.7 percent of the USD 335.6 million invested came from Kazakhstan, with another 5.9 percent coming from Russia. Uzbekistan's direct investment into Kyrgyzstan grew 8.4 times.

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uzbekistan

Uzbekistan Welcomes Dialogue With First Deputy PM of Russia

On Thursday, Uzbekistan President Islam Karimov and Prime Minster Shavkat Mirziyoyev welcomed the Russia Federation's First Deputy Prime Minister Sergey Ivanov to a much anticipated meeting in Tashkent. Current bilateral affairs concerning trade between both nations are slated to be discussed but much of the focus will be on both nation's perspective and position in the framework of international organizations.

On Thursday, Uzbekistan President Islam Karimov and Prime Minster Shavkat Mirziyoyev welcomed the Russia Federation's First Deputy Prime Minister Sergey Ivanov to a much anticipated meeting in Tashkent. Current bilateral affairs concerning trade between both nations are slated to be discussed but much of the focus will be on both nation's perspective and position in the framework of international organizations.

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uzbekistan

Uzbek-Indonesian Business Forum Held in Tashkent

On Friday, industry heads, diplomats, and entrepreneurs alike began a dialogue in a business circle forum at the International Business Center in Tashkent to discuss Uzbek-Indonesian relations. The participants drew attention to the potential for trade and economic cooperation between the two nations, specifically in the light industry, transportation, finance, energy, medical and pharmaceutical sectors. Currently, Uzbekistan exports raw cotton fiber, metals, and vegetation whereas Indonesia exports medicine, transportation equipment, and timber products to the Central Asian nation.

On Friday, industry heads, diplomats, and entrepreneurs alike began a dialogue in a business circle forum at the International Business Center in Tashkent to discuss Uzbek-Indonesian relations. The participants drew attention to the potential for trade and economic cooperation between the two nations, specifically in the light industry, transportation, finance, energy, medical and pharmaceutical sectors. Currently, Uzbekistan exports raw cotton fiber, metals, and vegetation whereas Indonesia exports medicine, transportation equipment, and timber products to the Central Asian nation.

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uzbekistan

Water: Central Asia's Newest Form of Currency

The need for a long-term strategy concerning water and energy in Central Asia has never been as dire as it is now. Each year, officials from four of the littoral states meet to negotiate an agreement on the release of water reserves from the region's hydroelectric dams. In exchange for vital irrigational water in the summer, Uzbekistan and Kazakhstan pledge conventional energy aid and other agricultural goods to their mountainous neighbors, Tajikistan and Kyrgyzstan. On June 15, the annual four-party negotiations began anew, but no such agreement was reached. On June 19, Kyrgyz power station company Elektricheskie Stantsii announced that it cannot guarantee its neighbors the water volumes they have requested for the summer of 2008 . With drought conditions expected to last until then, a crisis is brewing over Central Asia's newest form of currency.

Central Asia's water shortage has been a smoldering situation since the collapse of the Soviet Union in 1991. Once a domestic issue governed by a central body, water usage among the littoral states became a matter of "international mediation" as the regional watershed was divided into separate upstream and downstream areas. Kyrgyzstan and Tajikistan were granted a clear advantage when they inherited a network of reservoirs, dams and headwaters, which they have not hesitated to exploit for energy purposes. The Syr Darya River, fed primarily by its main tributary, Kyrzgystan's Naryn River, has been the focal point of the crisis, as it flows downstream through Uzbekistan, into the reservoirs of Tajikistan, and on to Kazakhstan, where it dries up before reaching the Aral Sea.

The situation is exacerbated by a number of factors. Kyrgyzstan has no oil and gas reserves to speak of, and thus relies heavily on the power generated at its 16 hydroelectric facilities. The brutal Kyrgyz winters call for an ample supply of power, which is provided by storing the Syr Darya's waters throughout the year and releasing it into the dam's turbines in the winter months. On the other hand, Kazakhstan and Uzbekistan have all the oil and gas they need, but rely on the flow of the Syr Darya to irrigate their fields. In Uzbekistan alone, agriculture accounts for over 37 percent of GDP and 44 percent of the labor force. A shortage of water combined with drought conditions in 2008 would be disastrous for the Uzbek agricultural sector, which has become the world's second-largest exporter of cotton. Tajikistan also counts on the flow of the Syr Darya to power a significant percentage of its hydroelectric dams. The delicate balance that is struck each year between the four states has so far been successful in averting crises, but with no agreement in place for 2008 and drastically low levels being recorded at the Kyrgyz Toktogul Resevoir, the coming year will be a true test. Summer's average water level is usually expected to linger around 19 billion cubic meters in order to meet both Kyrgyz winter energy needs and neighboring irrigational needs; Toktogul currently holds just over 10 billion cubic meters.

Steps have been taken for well over a decade to develop a sustainable, long-term strategy governing the multi-national use of Central Asia's rivers, but the current situation reflects the overall failure of such initiatives. The annual, multi-party swap agreement has been a successful short-term fix, but the absence of such an agreement for the coming year highlights the consequences of short-sighted solutions. Bilateral treaties have fared no better. In May, Tajikistan and Kyrgyzstan announced that they had reached agreement on the development of a Water and Energy Consortium, which they had hoped would permanently alleviate water supply tensions. In reality, the bilateral nature of the agreement only served to upset Kazakhstan and Uzbekistan, who, along with international observers, slammed the proposal as a "meaningless institution." Even the implementation of regional bodies to govern each specific water basin has failed, as the littoral states have displayed a staunch unwillingness to submit to a supranational authority when it comes to water usage.

While violent conflict appears not to be an immediate threat, water's emergence as a form of currency in the region has pushed tensions to an alarming level. Kyrgyzstan stands by its "right to profit" on its own territorial water resources, and has shown its willingness to tax its neighbors for water usage and delivery in the absence of swap deals. The Kyrgyz have gone as far as to threaten the sale of their precious water to neighboring China should their Central Asian neighbors be unwilling to pay. Uzbekistan has not hesitated to act unilaterally itself, shown most prominently by its move to cut off 70 percent of downstream flow to Kazakhstan, which prompted mass riots among Kazakh farmers. Uzbekistan now charges over 130,000 troops with guarding the reservoirs that straddle its neighbors' boundaries, and has raised the price of gas it sells to Kyrgyzstan from USD 55 to USD 100 as of Jan. 1, 2007.

As long as these nations continue to use water as a political and financial bargaining chip to serve their own sovereign interests, it is doubtful that a long-term or permanent multi-party agreement can be reached. Energy experts have attempted on multiple occasions to apply Game Theory to the crisis in hopes of creating a sustainable payoff model for all sides, but the unique variables in the Central Asian situation have made this impossible. It appears the only immediate measure that can lead to a long-term solution is the responsible use of water resources by farmers themselves. Agricultural projects in the region have been criticized for requiring twice the water that similar American and European projects need. Aside from its potential to alleviate what is being referred to as an "under-recognized crisis-in-the-making," responsible water usage would slow the trend of environmental devastation and desertification being wrought on the region by the drying of the Aral Sea. Until such a strategy is developed or another alternative is presented, the tensions of retaining a delicate balance between energy and agriculture will live on, with a potentially explosive crisis hanging over the heads of all parties involved.

The need for a long-term strategy concerning water and energy in Central Asia has never been as dire as it is now. Each year, officials from four of the littoral states meet to negotiate an agreement on the release of water reserves from the region's hydroelectric dams. In exchange for vital irrigational water in the summer, Uzbekistan and Kazakhstan pledge conventional energy aid and other agricultural goods to their mountainous neighbors, Tajikistan and Kyrgyzstan. On June 15, the annual four-party negotiations began anew, but no such agreement was reached. On June 19, Kyrgyz power station company Elektricheskie Stantsii announced that it cannot guarantee its neighbors the water volumes they have requested for the summer of 2008 . With drought conditions expected to last until then, a crisis is brewing over Central Asia's newest form of currency.

Central Asia's water shortage has been a smoldering situation since the collapse of the Soviet Union in 1991. Once a domestic issue governed by a central body, water usage among the littoral states became a matter of "international mediation" as the regional watershed was divided into separate upstream and downstream areas. Kyrgyzstan and Tajikistan were granted a clear advantage when they inherited a network of reservoirs, dams and headwaters, which they have not hesitated to exploit for energy purposes. The Syr Darya River, fed primarily by its main tributary, Kyrzgystan's Naryn River, has been the focal point of the crisis, as it flows downstream through Uzbekistan, into the reservoirs of Tajikistan, and on to Kazakhstan, where it dries up before reaching the Aral Sea.

The situation is exacerbated by a number of factors. Kyrgyzstan has no oil and gas reserves to speak of, and thus relies heavily on the power generated at its 16 hydroelectric facilities. The brutal Kyrgyz winters call for an ample supply of power, which is provided by storing the Syr Darya's waters throughout the year and releasing it into the dam's turbines in the winter months. On the other hand, Kazakhstan and Uzbekistan have all the oil and gas they need, but rely on the flow of the Syr Darya to irrigate their fields. In Uzbekistan alone, agriculture accounts for over 37 percent of GDP and 44 percent of the labor force. A shortage of water combined with drought conditions in 2008 would be disastrous for the Uzbek agricultural sector, which has become the world's second-largest exporter of cotton. Tajikistan also counts on the flow of the Syr Darya to power a significant percentage of its hydroelectric dams. The delicate balance that is struck each year between the four states has so far been successful in averting crises, but with no agreement in place for 2008 and drastically low levels being recorded at the Kyrgyz Toktogul Resevoir, the coming year will be a true test. Summer's average water level is usually expected to linger around 19 billion cubic meters in order to meet both Kyrgyz winter energy needs and neighboring irrigational needs; Toktogul currently holds just over 10 billion cubic meters.

Steps have been taken for well over a decade to develop a sustainable, long-term strategy governing the multi-national use of Central Asia's rivers, but the current situation reflects the overall failure of such initiatives. The annual, multi-party swap agreement has been a successful short-term fix, but the absence of such an agreement for the coming year highlights the consequences of short-sighted solutions. Bilateral treaties have fared no better. In May, Tajikistan and Kyrgyzstan announced that they had reached agreement on the development of a Water and Energy Consortium, which they had hoped would permanently alleviate water supply tensions. In reality, the bilateral nature of the agreement only served to upset Kazakhstan and Uzbekistan, who, along with international observers, slammed the proposal as a "meaningless institution." Even the implementation of regional bodies to govern each specific water basin has failed, as the littoral states have displayed a staunch unwillingness to submit to a supranational authority when it comes to water usage.

While violent conflict appears not to be an immediate threat, water's emergence as a form of currency in the region has pushed tensions to an alarming level. Kyrgyzstan stands by its "right to profit" on its own territorial water resources, and has shown its willingness to tax its neighbors for water usage and delivery in the absence of swap deals. The Kyrgyz have gone as far as to threaten the sale of their precious water to neighboring China should their Central Asian neighbors be unwilling to pay. Uzbekistan has not hesitated to act unilaterally itself, shown most prominently by its move to cut off 70 percent of downstream flow to Kazakhstan, which prompted mass riots among Kazakh farmers. Uzbekistan now charges over 130,000 troops with guarding the reservoirs that straddle its neighbors' boundaries, and has raised the price of gas it sells to Kyrgyzstan from USD 55 to USD 100 as of Jan. 1, 2007.

As long as these nations continue to use water as a political and financial bargaining chip to serve their own sovereign interests, it is doubtful that a long-term or permanent multi-party agreement can be reached. Energy experts have attempted on multiple occasions to apply Game Theory to the crisis in hopes of creating a sustainable payoff model for all sides, but the unique variables in the Central Asian situation have made this impossible. It appears the only immediate measure that can lead to a long-term solution is the responsible use of water resources by farmers themselves. Agricultural projects in the region have been criticized for requiring twice the water that similar American and European projects need. Aside from its potential to alleviate what is being referred to as an "under-recognized crisis-in-the-making," responsible water usage would slow the trend of environmental devastation and desertification being wrought on the region by the drying of the Aral Sea. Until such a strategy is developed or another alternative is presented, the tensions of retaining a delicate balance between energy and agriculture will live on, with a potentially explosive crisis hanging over the heads of all parties involved.

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uzbekistan

Indigo Tajikistan Bought by Rival Cellular Provider at USD 400 Million

In an effort to gain control of the Central Asian mobile phone market, Fintur Holdings B.V. is completing private negotiations in buying the leading cellular provider in southern Tajikistan, Indigo Tajikistan. Fintur Holdings B.V. is one of the leading providers of mobile telecommunications services in Eurasian emerging markets through its operations in Azerbaijan, Kazakhstan, Georgia and Moldova. Whereas MCT Corp, the parent company of Indigo Tajikistan, is considering leveraging other telecom ventures in Afghanistan, Uzbekistan, and Tajikistan, where the GSM infrastructure is expansive and operational.

In an effort to gain control of the Central Asian mobile phone market, Fintur Holdings B.V. is completing private negotiations in buying the leading cellular provider in southern Tajikistan, Indigo Tajikistan. Fintur Holdings B.V. is one of the leading providers of mobile telecommunications services in Eurasian emerging markets through its operations in Azerbaijan, Kazakhstan, Georgia and Moldova. Whereas MCT Corp, the parent company of Indigo Tajikistan, is considering leveraging other telecom ventures in Afghanistan, Uzbekistan, and Tajikistan, where the GSM infrastructure is expansive and operational.

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uzbekistan

Need for Central Asian Water and Energy Strategy Grows

With drought conditions expected to carry through to 2008, Kyrgyzstan has warned that it may not be able to supply its neighbors downriver on the Syr Darya with the water they need for irrigation. Kyrgyzstan's Elektricheskie Stantsii controls the hydroelectric dams on the Syr Darya, and says that the amount of water they will have to release from the dams into power-producing turbines may mean that it will not have enough water in the summer of 2008 to release for its neighbors. A long-term strategy on the issue is clearly a necessity, but Kyrgyz parliamentary members feel that Kyrgyzstan should act in its own interest and conduct negotiations itself, rather than allowing Stantsii to do so.

With drought conditions expected to carry through to 2008, Kyrgyzstan has warned that it may not be able to supply its neighbors downriver on the Syr Darya with the water they need for irrigation. Kyrgyzstan's Elektricheskie Stantsii controls the hydroelectric dams on the Syr Darya, and says that the amount of water they will have to release from the dams into power-producing turbines may mean that it will not have enough water in the summer of 2008 to release for its neighbors. A long-term strategy on the issue is clearly a necessity, but Kyrgyz parliamentary members feel that Kyrgyzstan should act in its own interest and conduct negotiations itself, rather than allowing Stantsii to do so.

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uzbekistan

Uzbek Authorities Monitor Remittances

In an effort to monitor tax services, the Uzbek National Security Service has revealed their ability to track all transactions carried out by international financial systems to Uzbekistan. Many Uzbek expatriates working abroad in European countries, particularly Russia, transmit earnings back to their families, which have gone untaxed in the past. Some policy analysts view the Uzbek's National Security Service's actions in tandem with efforts to maximize gross taxed income and limit the maladies of brain drain on the country.

In an effort to monitor tax services, the Uzbek National Security Service has revealed their ability to track all transactions carried out by international financial systems to Uzbekistan. Many Uzbek expatriates working abroad in European countries, particularly Russia, transmit earnings back to their families, which have gone untaxed in the past. Some policy analysts view the Uzbek's National Security Service's actions in tandem with efforts to maximize gross taxed income and limit the maladies of brain drain on the country.

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uzbekistan

Energy, Trade Discussed at EU's Central Asia Strategy Talks

The EU's first ever strategic talks concerning a cooperative strategy with Central Asia garnered approval from the bloc's foreign ministers following a meeting in Luxembourg. The strategy addresses a number of areas, including Central Asia's immense reserves of oil and gas as well as trade, drug-trafficking prevention, and democracy.

The EU's first ever strategic talks concerning a cooperative strategy with Central Asia garnered approval from the bloc's foreign ministers following a meeting in Luxembourg. The strategy addresses a number of areas, including Central Asia's immense reserves of oil and gas as well as trade, drug-trafficking prevention, and democracy.

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uzbekistan

Uzbekistan: Energy Talks Bring Afghan Delegation to Tashkent

On Tuesday a delegation led by Muhammad Ismail-Khan, Minister of Energy and Water resources of the Islamic Republic of Arghanistan, met in the Uzbek capital of Tashkent to discuss cooperation between the two central Asian nations. In particular, dialogue concerning the electrical power supply was continued and it was made clear that Uzbek energy exports can be increasingly delivered to the Afghan people. Fostering further development between both nations echoed throughout the meeting.

On Tuesday a delegation led by Muhammad Ismail-Khan, Minister of Energy and Water resources of the Islamic Republic of Arghanistan, met in the Uzbek capital of Tashkent to discuss cooperation between the two central Asian nations. In particular, dialogue concerning the electrical power supply was continued and it was made clear that Uzbek energy exports can be increasingly delivered to the Afghan people. Fostering further development between both nations echoed throughout the meeting.

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uzbekistan

Kazakhstan Presents Plan for Asian Energy Club

Kazakhstan has proposed a plan to create an Asian energy club to the members of the Shanghai Cooperation Organization (SCO) at its "forum of experts" meeting. The SCO is formed by Russia, China, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan. The goal of the plan is to coordinate prices, infrastructure development and the contracts between producers and consumers among the club and externally. There are some worries that this plan will be hampered by the incentive to defect due to the huge demand from China, or that some countries will wish to have ascendancy as is postulated could be the case with Russia and Kazakhstan, which may not sit well with potential partners.

Kazakhstan has proposed a plan to create an Asian energy club to the members of the Shanghai Cooperation Organization (SCO) at its "forum of experts" meeting. The SCO is formed by Russia, China, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan. The goal of the plan is to coordinate prices, infrastructure development and the contracts between producers and consumers among the club and externally. There are some worries that this plan will be hampered by the incentive to defect due to the huge demand from China, or that some countries will wish to have ascendancy as is postulated could be the case with Russia and Kazakhstan, which may not sit well with potential partners.

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uzbekistan

Central Asia Plan Seeks to Diversify Energy, Despite Human Rights

Many feel the European Union's Central Asia Plan, a move to diversify energy supplies by establishing closer ties with Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan, will receive a stamp of approval at the EU meeting in Brussels later this week. The plan will likely boost the economies of the aforementioned nations, but the measure must first get past Human Rights groups who decry support for the nations because of their histories of human rights abuses.

Many feel the European Union's Central Asia Plan, a move to diversify energy supplies by establishing closer ties with Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan, will receive a stamp of approval at the EU meeting in Brussels later this week. The plan will likely boost the economies of the aforementioned nations, but the measure must first get past Human Rights groups who decry support for the nations because of their histories of human rights abuses.

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uzbekistan

Commonwealth of Independent States Still Healthy

The Commonwealth of Independent States (CIS), an organization consisting of eleven former Soviet republics created after the dissolution of the Soviet Union in 1991, recently met at a gathering held June 9-10 in St. Petersburg to discuss issues of common economic, defensive, and foreign policy collaboration. The summit dispelled rumors that the organization was near stages of collapse, as a full attendance was reported by member nations. Further conceptual review has been prepared for the next CIS Summit in Dushanbe in October of this year.

The Commonwealth of Independent States (CIS), an organization consisting of eleven former Soviet republics created after the dissolution of the Soviet Union in 1991, recently met at a gathering held June 9-10 in St. Petersburg to discuss issues of common economic, defensive, and foreign policy collaboration. The summit dispelled rumors that the organization was near stages of collapse, as a full attendance was reported by member nations. Further conceptual review has been prepared for the next CIS Summit in Dushanbe in October of this year.

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uzbekistan

Turkmen President to Meet with Azeri, Georgian, and Uzbek Leaders

Turkmenistan's president has meetings scheduled with the leaders of Uzbekistan, Georgia, and Azerbaijan while attending the Commonwealth of Independent States (CIS) in St. Petersburg. This is the first time in several years that Turkmenistan has chosen to participate in the cooperative talks of the CIS due to the previous president's isolationist policies. The countries hope to discuss several big integration projects, such as the Caspian gas pipeline.

Turkmenistan's president has meetings scheduled with the leaders of Uzbekistan, Georgia, and Azerbaijan while attending the Commonwealth of Independent States (CIS) in St. Petersburg. This is the first time in several years that Turkmenistan has chosen to participate in the cooperative talks of the CIS due to the previous president's isolationist policies. The countries hope to discuss several big integration projects, such as the Caspian gas pipeline.

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uzbekistan

Uzbekistan Eager to Diversify Energy, Avoid Russian Stranglehold

Uzbekistan's energy partnerships with Russia are stronger than ever, which in reality is a concern for Uzbek energy officials. Russia has developed a growing influence over the Uzbek energy sector and is close to overhauling the Central Asia-Center pipeline network, which would put them in a position to become an 'international gas cartel'. Unfortunately, US and EU firms are unwilling to enter into negotiations with Uzbekistan, as relations with the two economic superpowers plunged following the Andijan events of 2005. China remains as Uzbekistan's only other viable energy partner.

Uzbekistan's energy partnerships with Russia are stronger than ever, which in reality is a concern for Uzbek energy officials. Russia has developed a growing influence over the Uzbek energy sector and is close to overhauling the Central Asia-Center pipeline network, which would put them in a position to become an 'international gas cartel'. Unfortunately, US and EU firms are unwilling to enter into negotiations with Uzbekistan, as relations with the two economic superpowers plunged following the Andijan events of 2005. China remains as Uzbekistan's only other viable energy partner.

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uzbekistan

Uzbekistan's Soft Loan Plan Expected to Fall Short of Goals

A soft loan scheme offering extra financial support to young, married families in Uzbekistan has been blasted as entirely unrealistic, and is expected to fuel corruption more than it will curb migration, which is its primary goal. Inability to repay mortgages under Uzbekistan's lackluster employment system has seen a substantial portion of Uzbek youth head abroad for jobs. Unfortunately, the government has not set aside enough funds to avoid corruption in the soft loan plan, nor has it made the necessary investments in its employment system to encourage Uzbek youth to stick around and use it.

A soft loan scheme offering extra financial support to young, married families in Uzbekistan has been blasted as entirely unrealistic, and is expected to fuel corruption more than it will curb migration, which is its primary goal. Inability to repay mortgages under Uzbekistan's lackluster employment system has seen a substantial portion of Uzbek youth head abroad for jobs. Unfortunately, the government has not set aside enough funds to avoid corruption in the soft loan plan, nor has it made the necessary investments in its employment system to encourage Uzbek youth to stick around and use it.

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uzbekistan

Uzbekistan Opens Gas Trade to China

Uzbekistan recently signed an agreement with the Chinese to build a 530-kilometer natural gas pipeline to China with a capacity of 30 billion cubic meters a year, half of Uzbekistan's current annual production. Uzbek officials believe Russia's dominance over the natural gas market deprives Uzbekistan of revenue and the deal with China should eventually challenge Russian dominance. However, according to an industry representative, the deal will not threaten Russian-Uzbekistani relations in the present as Russia will continue to buy gas from Uzbekistan, while the new pipeline to China will take years to come to fruition.

Uzbekistan recently signed an agreement with the Chinese to build a 530-kilometer natural gas pipeline to China with a capacity of 30 billion cubic meters a year, half of Uzbekistan's current annual production. Uzbek officials believe Russia's dominance over the natural gas market deprives Uzbekistan of revenue and the deal with China should eventually challenge Russian dominance. However, according to an industry representative, the deal will not threaten Russian-Uzbekistani relations in the present as Russia will continue to buy gas from Uzbekistan, while the new pipeline to China will take years to come to fruition.

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uzbekistan

Caspian Gas Pipeline Construction to Start in 2008

Following meetings between Russian and Kazakh Prime Ministers Mikhail Fradkov and Karim Masimov, the signing date for the official agreement to construct a new Caspian gas pipeline has been set. The pipe will run through Uzbekistan, Turkmenistan, Kazakhstan, and on to Russia. Officials first agreed on the pipe in mid-May and the official signing will take place on September 1. Construction will begin during the second half of 2008. The pipeline is expected to boost gas transit by 12 billion cubic meters by 2012.

Following meetings between Russian and Kazakh Prime Ministers Mikhail Fradkov and Karim Masimov, the signing date for the official agreement to construct a new Caspian gas pipeline has been set. The pipe will run through Uzbekistan, Turkmenistan, Kazakhstan, and on to Russia. Officials first agreed on the pipe in mid-May and the official signing will take place on September 1. Construction will begin during the second half of 2008. The pipeline is expected to boost gas transit by 12 billion cubic meters by 2012.

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uzbekistan

South Korea and Uzbekistan Expand Business Relations

South Korean President Roh Moo-huyn met with the top Uzbeki parliamentary leader on Thursday to discuss mutual economic relations. During the meeting, Erkin Khalilov, the speaker of the Uzbekistani Legislature Chamber, and President Roh promised to expand investment and strengthen business ties between the two countries. The two countries have recently bolstered cooperation in various fields including energy and resources to foster a bilateral strategic partnership, which was proposed during summit talks in 2005 and 2006.

South Korean President Roh Moo-huyn met with the top Uzbeki parliamentary leader on Thursday to discuss mutual economic relations. During the meeting, Erkin Khalilov, the speaker of the Uzbekistani Legislature Chamber, and President Roh promised to expand investment and strengthen business ties between the two countries. The two countries have recently bolstered cooperation in various fields including energy and resources to foster a bilateral strategic partnership, which was proposed during summit talks in 2005 and 2006.

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uzbekistan

Uzbek Alcohol Trade Restrictions Fuel Black Market

Recent liquor traffic restrictions in Uzbekistan have produced a surge in black market sales as bootleg vodka has become widely available. Meant to enforce quality standards, the liquor traffic restrictions only allow organizations and companies with special licenses to sell liquor, which has sent prices skyrocketing. Mostly smuggled in from Kazakhstan, bootleg vodka has flooded the black market, particularly in the bazaars, in response to the high prices.

Recent liquor traffic restrictions in Uzbekistan have produced a surge in black market sales as bootleg vodka has become widely available. Meant to enforce quality standards, the liquor traffic restrictions only allow organizations and companies with special licenses to sell liquor, which has sent prices skyrocketing. Mostly smuggled in from Kazakhstan, bootleg vodka has flooded the black market, particularly in the bazaars, in response to the high prices.

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uzbekistan

CIS Interstate Antimonopoly Council Held in Moscow

On Tuesday, the Commonwealth of Independent States (CIS) Interstate Antimonopoly Council adjourned their 25th meeting in Moscow. This session brought discussion regarding a system of control over compliance with competitive conditions when providing state support in the CIS member states. Also, competitive policies in developing common markets within the CIS area were assessed. Some member nations, including Tajikistan, Russia, and Azerbaijan, were praised for their considerable changes to the legal foundations of activity of their antimonopoly agencies.

On Tuesday, the Commonwealth of Independent States (CIS) Interstate Antimonopoly Council adjourned their 25th meeting in Moscow. This session brought discussion regarding a system of control over compliance with competitive conditions when providing state support in the CIS member states. Also, competitive policies in developing common markets within the CIS area were assessed. Some member nations, including Tajikistan, Russia, and Azerbaijan, were praised for their considerable changes to the legal foundations of activity of their antimonopoly agencies.

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uzbekistan

Uzbek-Belarus Intergovernmental Commission Stregthen Ties

Representatives of Belarus met Thursday in the Uzbek capital of Tashkent to discuss and delevop a closer trade relationship between the two nations. Currently, Belarus supplies agricultural machines, mechanical equipment, and other industrial capital while Uzbekistan primarily exports cotton products, plastic goods and foodstuffs to the Eastern European nation. Communications, agriculture and tourism are industries that are hoped to flourish with reciprocative interests. Total trade between the two nations tallied for 2006 amounted to roughly $70.5 million, whereas trade turnover for the first quarter of 2007 already has reached $24 million.

Representatives of Belarus met Thursday in the Uzbek capital of Tashkent to discuss and delevop a closer trade relationship between the two nations. Currently, Belarus supplies agricultural machines, mechanical equipment, and other industrial capital while Uzbekistan primarily exports cotton products, plastic goods and foodstuffs to the Eastern European nation. Communications, agriculture and tourism are industries that are hoped to flourish with reciprocative interests. Total trade between the two nations tallied for 2006 amounted to roughly $70.5 million, whereas trade turnover for the first quarter of 2007 already has reached $24 million.

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editor picks 

Other Important News In Uzbekistan


Sasol, Petronas Studying Fuels Plant in Uzbekistan

South Africa's world's biggest producer of motor fuels from coal, Sasol LTD., and Malaysia's Petroliam Nasional Bhd., are currently under talks to potentially study a gas-to-fuel plant in Uzbekistan that might be supersede Sasol's Qatar facility.

South Africa's world's biggest producer of motor fuels from coal, Sasol LTD., and Malaysia's Petroliam Nasional Bhd., are currently under talks to potentially study a gas-to-fuel plant in Uzbekistan that might be supersede Sasol's Qatar facility. The plant could potentially produce 40,000 barrels a day, whilst the Qatar plant only has the capacity to produce 34,000 barrels per day. Petronas plans to invest more than $750 million in oil and gas projects in Uzbekistan if the study ends up with results.

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Gazprom Comes up Dry on Exploration Attempts

Gazprom, the largest natural gas extractor and largest Russian company, has handed back exploration licenses for three hydrocarbon deposits in northern Uzbekistan

Gazprom, the largest natural gas extractor and largest Russian company, has handed back exploration licenses for three hydrocarbon deposits in northern Uzbekistan. The explorations led to disappointing results with no commercial use. A outside source stated that the hand-back is an indication of the Russian company taking measures to reduce its investment program. However, the hand back licenses are now expected to be taken over by Malaysia's Petronas. Gazprom though will continue to explore in other areas of Uzbekistan.

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Electricity Rationing Eased In Tajikistan

Recent reports had stated that due to Uzbekistan stopping delivery of electricity to Tajikstan, the country has recently been rationing electricity.

Recent reports had stated that due to Uzbekistan stopping delivery of electricity to Tajikstan, the country has recently been rationing electricity. But, reports have now stated that electricity rationing has been eased in Tajikistan. Nozirjon Yodjori, spokesperson for Tajikistan's major electricity provider, told reporters that electricity rationing has been abandoned in the capital and eased elsewhere in the country's province. According to the same spokesperson, Uzbekistan and Turkmenistan have resumed supplying electricity to Tajikistan.

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Uzbekistan To Halve Energy Supply To Tajikistan - Gas Company

DUSHANBE, Tajikistan (AFP)--Uzbekistan will halve its supply of natural gas to neighboring Tajikistan next week because of unpaid debts, Tajik state gas company Tajiktransgaz said Thursday.

DUSHANBE, Tajikistan (AFP)--Uzbekistan will halve its supply of natural gas to neighboring Tajikistan next week because of unpaid debts, Tajik state gas company Tajiktransgaz said Thursday. "The principal cause is increasing debt for received gas which is already $18 million. Part of the debt - $8 million - is from the first month of this year of year," a company spokesman told AFP. "Within a week Uzbekistan will gradually reduce gas deliveries. If in the beginning of the week Tajikistan received 45,000 cubic meters a day, from now on, only 20,000 cubic meters", he said. An impoverished central Asian state with a population of 7.5 million, Tajikistan is caught in an energy crisis.

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Uzbekistan And Russia Strengthen Energy Ties

Energy ties between Uzbekistan and Russia were strengthened Friday, with the former pledging to support a new trans-Russian gas pipeline, and enhance its natural gas export to Russia.

Energy ties between Uzbekistan and Russia were strengthened Friday, with the former pledging to support a new trans-Russian gas pipeline, and enhance its natural gas export to Russia. President Islam Karimov of Uzbekistan told reporters that Uzbekistan has offered to sell 16 billion cubic meters of gas to Russia this year and could double that amount within the next decade. Uzbekistan's continued export of gas to Russia was crucial, as the European Union wants Central Asia to feed its Nabucco pipeline project, bypassing Russia due to a dispute between Russia and Ukraine over gas pricing contract which led to a two-week fuel crisis in other parts of Europe earlier this month.

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Tajik Minister Says Uzbekistan Violating Energy Agreement

Tajik Foreign Minister Hamrohkhon Zarifi has said that Uzbekistan has not fulfilled its obligations according to bilateral agreements on energy and water signed at a Commonwealth of Independent States summit in Bishkek last year, RFE/RL's Tajik Service reports.

Tajik Foreign Minister Hamrohkhon Zarifi has said that Uzbekistan has not fulfilled its obligations according to bilateral agreements on energy and water signed at a Commonwealth of Independent States summit in Bishkek last year, RFE/RL's Tajik Service reports. Zarifi said Uzbekistan began interrupting Turkmen electricity deliveries to Tajikistan in January, forcing the country to use water from the Nurek and Qairoqum reservoirs to produce electricity. The reservoirs are used by Uzbek and Turkmen farmers downstream, and Zarifi said both countries would face serious water shortages if the situation does not change by summer.

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GM to launch Chevrolet M300 production in Uzbekistan

The Uzbek government has authorized production of Chevrolet M300 cars at a joint venture called General Motors Uzbekistan, a government spokesman said on Tuesday.

The Uzbek government has authorized production of Chevrolet M300 cars at a joint venture called General Motors Uzbekistan, a government spokesman said on Tuesday. "The project is worth an estimated $125 million," the spokesman said, adding that production is to start in 2010, at a rate of 50,000 cars a year. M300 is the codename for a new small car that will go on sale later this year. GM Uzbekistan already makes such cars as Captiva, Epica, Tacuma, Nexia, Matiz, Lacceti and Damas. General Motors owns a 25% interest in the company. In October 2005, the 500,000th vehicle rolled off the assembly line. In 2007, 170,000 cars were produced and almost 140,000 during the first nine months of 2008.

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Uzbekistan To Put Into Operation 7 New Uranium Deposits

The Navoiisky mining and smelting plant (NGMK), Uzbekistan's export operator, plans to put into operation seven new uranium deposits.

The Navoiisky mining and smelting plant (NGMK), Uzbekistan's export operator, plans to put into operation seven new uranium deposits. Kuvandik Sanakulov the NGMK general director said the uranium production and enrichment monopoly was conducting geological prospecting work at five of the seven deposits. "As part of an increase in uranium production up to 2012, the expansion and reconstruction of sulfuric production, at a cost of about $12 million, will be carried out. The implementation of the program will make it possible to increase uranium production in 2012 by 50%," Sanakulov said. Uzbekistan is ranked seventh in the world in terms of uranium reserves and fifth in terms of its production by the International Atomic Energy Agency.

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India, Uzbekistan Resolve to Step Up Bilateral Trade

From September 16-17, government officials from Uzbekistan and India met for the eighth session of the inter-governmental commission on Trade, Economic, Scientific and Technological Cooperation between the two countries.

From September 16-17, government officials from Uzbekistan and India met for the eighth session of the inter-governmental commission on Trade, Economic, Scientific and Technological Cooperation between the two countries. Both countries expressed interest in increasing bilateral trade. In the first half of 2008, trade between the countries reached almost $40 million.

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Uzbekistan Taking Measures to Prevent Sale of Low-Quality Toys

The State committee of Uzbekistan have begun implementing a plan to prevent low quality toys being sold on domestic markets.

The State committee of Uzbekistan have begun implementing a plan to prevent low quality toys being sold on domestic markets. Last year, there were at least 250 cases of toy smuggling registered in the country. Some misdemeanors include selling toys with no relevant documents, invoices, contracts, quality and hygiene certificates or labels in local language.

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