American-Uzbekistan Chamber of Commerce
Business Newsletter

 

Week in Review:


April 13, 2012 - April 20, 2012  

 

In this issue
AUCC in Brief
WB to hold regional conference on flaring gas reduction
Uzbekistan's economy to grow by 7 percent in 2012: IMF
Uzbekistan invests in poultry meat production
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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. 

WB to hold regional conference on flaring gas reduction

http://uzdaily.com/index.htm of 4/20/2012

  

The World Bank is planning to hold a Regional Conference on flaring gas reduction, organized by the Global Gas Flaring Reduction (GGFR) Partnership in cooperation with the NHC Uzbekneftegaz (UNG). The сonference workshop will take place in Tashkent on 14 June 2012.

The regional сonference will bring together high-level representatives of governments and national oil companies from Europe and Central Asia region, as well as international oil and gas companies, and international financial organizations, to discuss the issues and options in flaring and venting reduction. The agenda of this event will be finalized soon.

The regional conference is also the Annual meeting of the GGFR ECA Regional Coordination Committee (RCC) on gas flaring reduction, established by the Partnership in order to coordinate common efforts and activities of governments and oil companies operating in this region.

National Holding Company Uzbekneftegaz is the GGFR's partner in Uzbekistan. The Ministry of Economy and State Committee for Nature Protection of the Republic of Uzbekistan are also participating in the work of GGFR ECA Regional Coordination Committee.

Uzbekistan's economy to grow by 7 percent in 2012: IMF

http://www.xinhuanet.com of 4/19/2012      

   

The International Monetary Fund (IMF) has forecast Uzbekistan's gross domestic product (GDP) to grow by 7 percent in 2012, local media reported on Wednesday.

The IMF said in the April 2012 edition of its World Economic Outlook that the inflation rate in Uzbekistan for 2012 could stand at 12.7 percent from 12.8 percent last year.

The Asian Development Bank (ADB) said last week that Uzbekistan 's GDP to grow by 8 percent and inflation would be 9.5 percent this year.

Uzbekistan has averaged 8 percent GDP growth since the mid- 2000s.

Uzbekistan invests in poultry meat production

http://www.worldpoultry.net of 4/18/2012      

  

In order to further develop the poultry industry, the Uzbekistan government are planning to build 293 new poultry farms this year.

The financial support of this project will include bank loans of about 10.101 billion soums (US$ 5.47 mln). With these funds poultry producers are planning to increase the number of poultry stock by 756,000 heads, volume of eggs production by 66 million pieces and production of poultry meat by 320 tonnes.

In 2011, to increase the poultry sector production capacity 30.371 billion soums (US$ 16.45 mln) of bank loans and 17.21 billion soums (US$ 9.3 mln) of private funds were spent. "Poultry farming in Uzbekistan is an extremely profitable industry. The return here can be obtained within a short time and high investments are not required," says Ulugbek Ismailov, the head of Main Directorate of Livestock, Poultry and Fisheries Department under the Ministry of Agriculture and Water Resources of Uzbekistan.

Uzbekistan is only investing in projects which are using only the most modern technologies and equipment, so according to experts within 5-7 years the country's poultry production can be considered one of the highest quality in the CIS.

"Increasing productivity, widespread adoption of modern technologies are our priorities in poultry farming development. Thus, the existing poultry farm is fully equipped with modern chicken coops, which maintain a constant temperature and humidity, and also automatic supply of water and food. Also, our work is focusing on improving the breeds of birds, which enhances the quality of products," declared Ismailov in the official report.

In parallel, representatives of the country's Ministry of Agriculture indicate that an important factor in the development of poultry farming in the country is the regional distribution of production facilities. Under the current plan for development of poultry farming in Uzbekistan two poultry farms should be located in each region. As a result, in 2011 the price of poultry products in the national average decreased by 15%.

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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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