Business news from Ukraine

Uzbekistan may become one of five largest exporters of onions in world by end of season

The international information and analytical platform EastFruit has published an article in which Uzbekistan may become one of the world’s 5 largest exporters of fresh onions by the end of the 2023/24 season.

The publication reports that the 2023/24 season was marked by bans on the export of onions from many countries. In particular, Egypt, which is usually one of the five largest exporters, introduced a ban on onion exports.

In Uzbekistan, as in many other countries in the region, records were set in terms of onion production areas and volumes. As a result, onion prices in Uzbekistan in January were 40% lower than at the time of harvest, which guaranteed losses for resellers.

Traders began to actively look for opportunities to export onions, as in January onions from Uzbekistan flooded the wholesale markets in Poland. In addition, the first export shipments of the new onion harvest of 300 thousand tons are planned for the end of March, which may be a new export record. This will allow Uzbekistan to overtake Poland, Afghanistan, Spain, Egypt and possibly the United States in terms of onion exports and enter the top 5 global exporters.



Uzbekistan will create free economic film zone Cinema Park

This was announced at a meeting on December 22 by President Shavkat Mirziyoyev.

More foreign TV series are being shown in prime time, the President of Uzbekistan noted. The head of state suggested supporting local artists and instructed to develop a concept for the production of national series.

The President noted that it is necessary to bring national series to the level of ideological, artistic and technical attractiveness to make them interesting, with special attention paid to creating modern conditions for local artists.

The Cinema Park free economic zone, which will be located in Tashkent region, will occupy 50 hectares. The khokims of Bukhara, Samarkand and Tashkent regions were instructed to launch projects to create their own free economic film zones.

The Head of State also proposed to consider the possibility of creating multi-part animated films about the exemplary life of great ancestors. These initiatives are aimed at supporting local artists and developing the national film industry in Uzbekistan.

For more details, please follow the link.


Shavkat Mirziyoyev re-elected as President of Uzbekistan

Uzbekistan’s incumbent president Shavkat Mirziyoyev won last Sunday’s early presidential election with 87.5% of the votes, the head of the Central Election Commission Zayniddin Nizamkhojaev said.
“According to preliminary data, 13 million 625,055 people or 87.5% of voters who took part in the voting cast their votes for Mirziyoyev,” the CEC head said at a briefing on Monday.
Under Article 35 of the law “On the Election of President of the Republic of Uzbekistan,” this entitles him to be considered the elected head of state.
More than 19.5 million voters registered for the presidential election in Uzbekistan. Some 15,671,405 voters took part in the elections. Between June 28 and July 5, more than 800,000 voters, including about 188,000 abroad, cast their ballots early.
Four candidates ran for president of Uzbekistan, including current head of state Shavkat Mirziyoyev, nominated by the Movement of Entrepreneurs and Business People – Liberal Democratic Party of Uzbekistan (UzLiDep). His candidacy was also supported by the Democratic Party Milliy Tiklanish (National Revival).
The People’s Democratic Party nominated its leader Ulugbek Inoyatov, the Ecological Party its chairman Abdushukur Khamzaev, and the Social Democratic Party Adolat (“Justice”) its first deputy chairman Robakhon Makhmudova.
As a result, according to preliminary data from the CEC, 649 thousand 116 voters (4.2%) voted for the candidate of the PDPU, 693 thousand 634 (4.43%) for the representative of “Adolat” and the candidate of the Ecological Party got 585 thousand 714 votes (3.74%).
According to the CEC, the final results of the elections, held on July 9, will be announced within ten days.
In the past presidential election, 80.12% of the vote for Mirziyoyev, the UzLiDep nominee, October 24, 2021, was cast.
The current presidential election was the first since the introduction of constitutional amendments to extend the president’s term of office from five to seven years. According to the constitutional law, the incumbent head of state, Mirziyoyev, who is in his second term, can run for office again.

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Ukrainian online cab service Uklon entered the market of Uzbekistan

Ukrainian online cab service Uklon has announced the entry into the market of Uzbekistan, will begin its work in the country from the capital city of Tashkent, the press service of Uklon said on Thursday.
The company told the agency that it plans to begin providing services in the new market as early as the end of June.
According to the release, Uklon will provide solutions for online booking of cars in Uzbekistan, including Uklon App – an application for passengers and Uklon Driver App – an application for drivers. The company will also provide delivery service.
It is specified that entering the market of Tashkent is an important step in the strategy of expansion of the Ukrainian IT-company.
Uklon – Ukrainian IT-product company, the developer of the eponymous online service call for cars. For 13 years of work Uklon has significantly expanded its geographical coverage in Ukraine and today works in 27 cities of the country and mobile application Uklon downloaded more than 12 million times.
As reported on May 3 this year Uklon announced the entry into the market of Azerbaijan.


EU may impose sanctions on dozens of companies from China, Iran, Kazakhstan and Uzbekistan

The EU is considering imposing sanctions against dozens of companies from China, Iran, Kazakhstan and Uzbekistan that cooperate with Russia, Reuters reports.
The agency cites diplomatic sources familiar with the European Commission’s draft proposals. Inclusion of these companies in the “black list” is possible within the framework of the prepared 11 package of anti-Russian sanctions.
In late April, Assistant Secretary of the U.S. Treasury Elizabeth Rosenberg during a visit to Kazakhstan warned of the growing risks of secondary sanctions against Kazakh companies and banks that help Russia evade Western sanctions imposed in response to the full-scale war against Ukraine unleashed by Russia.

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Siemens to build new power plants in Uzbekistan

On May 2, on the sidelines of the Uzbek-German business forum, Siemens Energy signed agreements on two projects with Thermal Power Plants JSC. It is specified that the company will be involved in the implementation of heat and electricity cogeneration technologies in the country.
It is planned to install four energy-efficient gas turbines with a capacity of 54 MW each. Two of them will be placed in the heating boiler house No. 3 in Bukhara and at the Mubarekskaya CHPP.
The plants will generate 1.7 million kWh of electricity and 1.5 Gcal of heat annually. The plants will employ 80 people for their maintenance. The total cost of the projects is EUR 72 million.
In addition, Siemens will build several new power plants.
With its support, it is planned to build a thermal power plant in Surkhandarya and launch it by the end of 2026. The German company will participate in the construction of a thermal power plant in the Navoi chemical cluster, as well as in the creation of wind and solar power plants with a total capacity of 1000 MW.

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