American-Uzbekistan Chamber of Commerce
BUSINESS NEWSLETTER
  
Week in Review:
February 1, 2013 - February 8, 2013
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2013 Marks AUCC 20th Anniversary

Since 1993 the American-Uzbekistan Chamber of Commerce has been at the forefront of advancing trade and business relations between the US and the Republic of Uzbekistan. AUCC prides itself in catering to the needs of our members, providing them with a platform to interact with policy makers in the US and the Republic of Uzbekistan and ensuring that bilateral commercial relations continue to be on the governments' top agenda.   

 

For the last twenty years AUCC has been a vigorous advocate of the views of the business community to ensure that private sector positions are considered during the development of policies that impact American businesses and the future of U.S.-Uzbekistan relations.    

 

We are delighted that today AUCC is a well-known organization that is recognized for its strength and ability to work closely with a great number of partner organizations. AUCC enjoys excellent working relations with the Embassy of the Republic of Uzbekistan in Washington, D.C., the Government of the Republic of Uzbekistan, Uzbek ministries, associations and organizations as well as the executive and legislative branches of the U.S. AUCC also coordinates its efforts with a great number of international financial institutions, business councils and other professional organizations.

If your company is interested in joining AUCC, please contact our office at 202-509-3744 or info@aucconline.com.  We invite you to be part of our organization and participate in our activities and events.   

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In This Issue:
AUCC IN BRIEF
China To Build Uzbekistan Pharmaceutical Plants
JICA almost adopts decision on crediting expansion of Navoi thermal power station
Uzbekistan holds ninth place on gold production
Ex-U.S. official on increased role of Azerbaijan, Europe's energy security, Central Asia and Iran's
ERA eyes expansion to Eastern Europe, Central Asia

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.

Uzbekistan's State Joint Stock Concern Uzfarmprom has signed deals with Chinese companies to build pharmaceutical enterprises in the Tashkent region worth a total $26.8 million, an Uzfarmprom representative said on Friday.

Huaian Rich International will build an ethanol manufacturing factory with capacity of 500,000 decaliters a year, as well as a bottle-cap making facility. Investment will total $12.8 million.

Kunmin Pharmaceutical will build a bronchopulmonary medication factory with capacity of 2 million doses, with investment of $14 million.

All the enterprises will be located in the Angren special industrial zone, set up last year, which has a special customs and tax regime.

Japan International Cooperation Agency (JICA) almost adopted decision on participation in a project on expansion of capacities of Navoi thermal power station, representative of JICA Tetsuya Yamada told in interview with newspaper Znamya Drujbi.

Tetsuya Yamada stated that issue on participation of JICA in crediting investment project of construction of second combined-cycle plant with the capacity of 450 megawatt at Navoi thermal power station is almost decided. He said that JICA management will adopt decision in March 2013.

JICA can issue loan for US$250 million to implementation of the project on expansion of capacities of Navoi thermal power station.

The project envisages construction of the second combined-cycle plant with the capacity of 450 megawatt, as well as gas compression station. The project will be implemented in two years.

The preliminary cost of the project is US$500 million. Along with JICA loan, the project will be financed due to own resources of Uzbekenergo state joint stock company and loan of the Fund for Reconstruction and Development of Uzbekistan.

The consortium of Turkish Calik Enerji Sanayi ve Ticaret AS and Spanish Initec completed construction of combined-cycle plant with the capacity of 450 megawatt at the Navoi thermal power station in October 2012. The project cost was US$530 million.

Total capacities of the Navoi thermal power station with new combined-cycle plant reached 1,546 megawatt, which allows to produce 7.9 billion KWH electricity a year.

Uzbekistan took the ninth place in the world on production of gold, according to the United States Geological Survey (USGS).

USGS report said that Uzbekistan produced 90 tonnes of gold in 2012 against 91 tonnes in 2011 (-1.1%).

Uzbekistan is behind of China (370 tonnes), Australia (250 tonnes), USA (230 tonnes), Russia (205 tonnes), South Africa (170 tonnes), Peru (165 tonnes), Canada (102 tonnes) and Indonesia (95 tonnes) on the volume of gold output.

It is worth to mention that all nine top gold production countries kept their positions on the volume of production of gold in 2012 compared to 2011.

USGS report said that gold production in the world grew by 1.5% year-on-year in 2011 to 2,700 tonnes in 2012.

en.trend.az   

 

Central Asia
(Extract.  Read full report here)

The U.S. is interested in a complete policy with Central Asian countries, David Merkel said.

According to Merkel, people in the Central Asian governments think the U.S. is only interested in this region for its energy resources, promoting democracy and for making war with Afghanistan. Meanwhile, the U.S. assesses the region as being very important and wants to have a complete policy with these countries, he said.
According to Merkel, currently Central Asia is seeing the US and Europe's presence and influence decline and this could result in increasing the region's dependence on Russia or China.
The region should refrain from being pressurised by other countries. It is one of the most important challenges for this region, Merkel said.

atwonline.com 

 

The European Regions Airline Association (ERA) is looking to expand to new regions including Eastern Europe and Central Asia. 

ERA DG Simon McNamara told ATW in Salzburg that its 51 member airlines continue to feel the pinch of the economic downturn. "It is a very challenging period for regional airlines, but it is not new when we look back on the past five years," he said.

Several regional airlines-including Cirrus Air and OLT Express Germany-have ceased operations over the past year. Others face uncertain futures as mainline carriers end partnerships with regional carriers. "There is no doubt consolidation in the industry is going on, particularly in the core of Europe," McNamara said.

He sees huge opportunities in Eastern Europe and Central Asia, which are still regulated, but said that as they become deregulated, ERA is very interested in them. Other new regions could also include places such as Kazakhstan, Ukraine or even Russia, he said.

McNamara believes there will be further consolidations, mergers and bankruptcies across the board as competition remains a strategic issue. He also said that regulation, which adds complexity and cost, needs to be simplified.

He expects passenger traffic for ERA members to decrease for 2012. "For the full-year 2013, I will anticipate either neutral growth or a small reduction in capacity," he said.

ERA members carry 70.6 million passengers on 1.6 million flights to 426 destinations in 61 European countries annually.


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phone: 202.509.3744
 
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