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Business Newsletter
Week in Review:
December 30, 2011 - January 6, 2012
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AUCC in Brief
Established in 1993, the American-Uzbekistan Chamber of Commerce (AUCC) is a private, non-profit trade association representing interests of U.S. businesses ranging in size from small private enterprises to large, multinational corporations conducting business in Uzbekistan.
Our Mission: To advocate the views of the business community to ensure that private sector positions are considered during the development of key policies that impact American businesses and the future of U.S.-Uzbekistan relations.
Our Objective: To serve the needs of its members by strengthening commercial relations between the United States and Uzbekistan.
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http://uzdaily.com of 1/6/2012
Mubarek gas processing plant, in line with the preliminary data, processed 27.65 billion cubic meters of natural gas in 2011, a newspaper Pravdo Vostoka reported.
According to the newspaper, production of liquefied gas reached 15,000 tonnes compared to 8,500 tonnes planned. The company also produced 298,400 tonnes of stabilized gas condensate and 347,800 tonnes of sulfur.
Mubarek gas processing plant is implementing a project on construction of facility for receiving propane-butane mixture, which will allow to saturate internal market with hydrocarbon raw materials.
The production capacity of the facility is up to 258,000 tonnes of liquefied and up to 125,000 tonnes of gas condensate a year. Production of liquefied gas will grow by 17 times.
Main equipments are supplied from Ukraine. These are compressor station, gas drying facility and production of propane-butane mixture. Ukrainian partners will assemble equipments and the facility will start to produce products this year.
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http://uzdaily.com of 1/4/2012
The Government of Uzbekistan abolished dues to the Republican Road Fund, levied at purchase and/or temporary import of automobiles from Russia and Ukraine to Uzbekistan from 1 January 2012.
The measure envisaged in the presidential resolution "On forecast of main macroeconomic figures and parameters of the state budget of Uzbekistan for 2012".
The document said that from 1 January 2011, citizens, who purchase automobiles, produced in Russia and Ukraine from specialized trade networks" will not pay dues to the Republican Road Fund for purchase and/or import of automobile into territory of Uzbekistan.
The dues for purchase and/or import of automobile into territory of Uzbekistan is paid at registration of cars at Interior Ministry's bodies in cases of buying car, or receiving as gift or free-of-charge, as well as other agreements in line with the legislation.
The dues are calculated based on power of the automobile - in percent from minimal size of salary per horse power based on exploitation term. The Government kept the rates at the same level: exploitation term up to three years - 10%, from 3 to 7 years - 7% and over 7 years - 5%.
The size of dues should be at least 20% from the price of transport, designed for transporting up to 40 passengers or cargo transportation vehicle with the capacity of up to 20 tonnes and 6% from the price of other cars.
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GDP to grow by 8.2% in 2012
http://www.uzdaily.com of 1/4/2012
The Government of Uzbekistan expects that the gross domestic product (GDP) of the country will increase by 8.2% in 2012.
According to the presidential resolution "On forecast of main macroeconomic figures and parameters of the state budget of Uzbekistan for 2012", the growth of industrial production will make up 8.6% in 2012.
The government forecast said that the agriculture production in Uzbekistan in 2012 will grow by 5.8% and the capital investments - 9.3%.
The budget deficit is expected at the level of 1% to GDP. The budget deficit will be financed due to free balance of the state budget to the beginning of 2012 and other non-inflation sources in line with the legislation.
As reported earlier, economy of Uzbekistan grew by 8.3% in 2011.
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AUCC Office: 2012 Holiday Schedule
The AUCC office will observe the following holidays in 2012:
Holiday
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Date(s)
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New Year's Day
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Monday, January 2
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Birthday of Martin Luther King, Jr.
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Monday, January 16
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Washington's Birthday
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Monday, February 20
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Memorial Day
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Monday, May 28
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Independence Day
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Wednesday, July 4
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Labor Day
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Monday, September 3
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Columbus Day
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Monday, October 8
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Veterans Day
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Monday, November 12
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Thanksgiving Day
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Thursday, November 22 and Friday, November 23
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Christmas Day
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Monday, December 24 and Tuesday, December 25
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New Year's Eve
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Monday, December 31
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NOTE: This schedule is subject to changes in case the work load requires them.
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Contact Information The American-Uzbekistan Chamber of Commerce 1300 I Street, N.W., Suite 720W Washington, DC 20005 phone: 202.509.3744 [email protected] www.aucconline.com |
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