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January 7, 2014


January 07, 2014


Expanding the range of domestic pharmaceutical production.. 2


Special currency regime to operate in Navoi FIEZ.. 2

Sport.. 3

The Wrestling Association of Uzbekistan sums up the year 2013. 3




Press-service of MFA


Expanding the range of domestic pharmaceutical production

In 2014, Uzfarmsanoat SJC plans to establish production facilities in industrial zones.

Pharmaceutical industry of Uzbekistan is considered the brainchild of independence. If in the early 90s of last century the country run only three pharmaceutical companies, then today there are more than 120. SJC Uzfarmsanoat constantly works on the creation of new producing capacities and expansion of the product range.

Among the projects of the company for 2014 – organization of the production of hormonal, endocrine, psycho-neurological, oncological and other drugs, as well as disposable diagnostic tests. Pharmaceutical companies are eager now to launch the producing capacities in the industrial zones.

Thus, in the free industrial economic zone Navoi, together with the German company ‘Bravo Pharmaceuticals’ it is planned the construction of a plant for the production of drugs in capsules, tablets, syrups and ointments.

In a special industrial zone Jizzakh it is projected to open several companies producing crude drugs, in particular glyceric acid, starch and various vegetable oils. Here it is also planned the creation of producing capacities for manufacturing of nonwoven hygienic supplies, disposable medical masks and shoe covers.

SJC Uzfarmsanoat intends to implement several projects in the special industrial zone Angren. So, on the basis of Angren Cotton will be implemented the project on the launch of medical cotton and cellulose, and in conjunction with the Sino Group Cheena – medical alcohol. It is also projected new productions of pharmaceuticals for the treatment of respiratory diseases.

(Source: “Uzbekistan Today” newspaper)



Special currency regime to operate in Navoi FIEZ

In Navoi free industrial economic zone (FIEZ) will be introduced a special currency regime.

The relevant Regulations have been approved by the Resolution of the Cabinet of Ministers of Uzbekistan on December 25, 2013.

The document defines the functioning of a special currency regime in Navoi FIEZ.

These regulations apply only to activities undertaken by business entities, registered by Navoi FIEZ Directorate solely in Navoi FIEZ.

According to the document, Parties in Navoi FIEZ (hereinafter- Parties) may choose authorized banks and are entitled to open foreign currency accounts in one or several authorized Uzbek banks.

Parties may also have accounts in foreign banks with the permission from the Central Bank of Uzbekistan in accordance with legislation.

Their funds in foreign currency should be in accounts in authorized banks and may be used by them independently.

Proceeds in foreign currency, including from exports of goods (works, services) shall be credited to their accounts within authorized banks.

Parties are permitted to carry out within Navoi FIEZ settlements and payments in foreign currency in accordance with agreements and contracts between them.

Parties have the right to pay in foreign currency for goods, works and services from other economic entities – residents of the Republic of Uzbekistan.

In addition, participants can use convenient terms and forms of payments for exported and imported goods.

Business entities – residents of the Republic of Uzbekistan, non Parties, have the right to sell goods, works and services to Parties for foreign currency.

On foreign currency accounts of Parties in authorized Uzbek banks can be credited funds in foreign currency:

– on foreign trade payments;

– on payments within contracts signed with Parties.

– purchased through authorized Uzbek banks

– cash in foreign currency received by Parties in cases prescribed by legislation ;

– added to charter fund (authorized capital) of Parties in manner prescribed by law;

– on loans and foreign investments in accordance with the legislation, and payments related to their implementation ;

– payments on debit and credit cards;

– non-trade payments in cases prescribed by law;

– received in the form of grants from abroad in accordance with legislation;

– transferred from other accounts of account holder;

– in other cases not prohibited by law.

Funds in foreign accounts of Parties in authorized Uzbek banks at account holder request may be:

– transferred for payments related to current international operations;

– transferred to accounts of Parties in accordance with agreements and contracts;

– transferred to accounts of other economic entities – residents of the Republic of Uzbekistan in return for supply of goods, works and services;

– used to pay commission on foreign currency transactions to authorized bank, for payment of expenses related to employees business trips outside Uzbekistan (including in cash) in prescribed manner;

– used for repayment of loans, interest;

– transferred on expenses for including in charter capital (authorized capital) of legal entities in accordance with legislation;

– sold to servicing bank on the territory of Uzbekistan;

– used to pay salaries of Parties’ non-resident staff;

– transferred to Parties other accounts, opened in other authorized Uzbek banks;

– used for non-trade payments in cases prescribed by law;

– used in other cases established by legislation.

All movement of funds through Parties accounts, opened in banks abroad, should be carried out in accordance with Uzbek laws, on the basis of which has been granted permission to open foreign bank accounts.

Parties can buy and sell foreign currency in domestic market through authorized banks by submitting an application and related documents in manner established by law.

Regulations also prescribe procedure of accounting and export and import contracts fulfillment.

Control over the correctness of Parties’ currency transactions shall be carried out by state tax agencies of Uzbekistan in accordance with legislation.

Authorized banks shall submit to the Central Bank of Uzbekistan reports on foreign exchange operations on the territory of Navoi FIEZ in the form and terms established by the Central Bank of the Republic of Uzbekistan.

Parties who violate the requirements of the Regulations and the legislation on currency regulation, shall be held responsible in the manner prescribed by law.




The Wrestling Association of Uzbekistan sums up the year 2013

The last season can flatteringly be called successful for Uzbek fighters. Our athletes returned with awards from literally all big competitions.

During the Asian Championship, which was held in spring in the Indian capital New Delhi, members of Uzbekistan’s national team won four gold medals. In Greco-Roman wrestling Elmurat Tasmuradov (-60 kg) and Rustam Assakalov (-84 kg) took the first places in their weight classes. In freestyle wrestling Rashid Kurbanov (-74 kg) and Umidjon Ismanov (-84 kg) climbed to the top of the pedestal. For our guys it was the first major tournament after 2012 London Olympic Games. During this period of time the team has been updated by approximately 80%.

Elmurat Tasmuradov and Rashid Kurbanov won bronze medals at the recent World Cup in Budapest this autumn. Such successful performance of our fighters caused joy, because for the past four years, our Greco-Roman fighters did not bring medals from the world championships. In November, the two athletes took part in the final tournament of the Grand Prix series in Baku. Unlike Elmurat which was left outside the podium, Rashid won award of the highest dignity for the second time in a row.

The season was fruitful for our junior wrestlers too. At the World Youth Wrestling Championships in Sofia our freestyle wrestler Mahmudjon Shavkatov took bronze medal in the category under 50 kg. Members of the Uzbek national team in Greco-Roman wrestling among cadets Javohir Mirahmedov (-46 kg) and Kamariddin Zayniddinov (-50 kg) won bronze medals at the World Cup, held in the Serbian city Zrenjanin in August. At the junior continental championship in Phuket our athletes won seven medals – one gold and six bronze. Greco-Roman wrestlers brought three medals to the Uzbek team.

Such victories are not a reason for complacency. They are incentives for further development of the national school of wrestling and are the foundation for successful performance of our athletes at the World Championships in September 2014, which will take place in Tashkent. Beside the World Championship in Tashkent, adult athletes are waiting for the 17th Asian Games in South Korea. Young wrestlers will fights at the 2nd Summer Youth Olympic Games in China.

(Source: “Uzbekistan Today” newspaper)