June 18, 2015
Uzbekistan Introduces a New Kind of Cotton Packing. 3
Uzbekistan implements projects for US$222.52m in pharmaceutical industry. 3
Banks to Compete for Finance. 4
POLItiCs
Meeting at the Oqsaroy
Meeting at the Oqsaroy President of the Republic of Uzbekistan Islam Karimov on June 15 at the Oqsaroy met with President of the International Olympic Committee Thomas Bach and President of the Association of National Olympic Committees and the Olympic Council of Asia Sheikh Ahmad Al-Fahad Al-Sabah.
Greeting the guests, the head of our state stressed the steadfast evolution of cooperation of Uzbekistan with the International Olympic Committee and the Olympic Council of Asia.
Special significance is attached in our country to the development of physical culture and sports as one of the main factors in fostering the younger generation healthy and comprehensively advanced individuals. A modern broad-minded generation is being formed that thinks independently, that wields a strong willpower and determination. At the same time sport is an integral part of the education system. Young people, including girls, are actively involved in all types of sports.
From the first years of independence, Uzbekistan supports the Olympic movement and has been an enthusiastic member of it. The National Olympic Committee was established as early as in 1992, which became member of the International Olympic Committee in September 1993. Our country has been regular in summer and winter Olympics and Paralympics, Asian and Asian Para Games.
IOC President Thomas Bach emphasized in particular that peace and harmony, socioeconomic development, attention to nurturing the younger generation are instrumental in the promotion of sports, thanks to which sport has been progressing in Uzbekistan with dynamic rates.
It was underscored at the meeting at the Oqsaroy that organizational foundations of managing the sphere of physical culture and sports are perfected in our country. The health improvement and mass works related to boosting physical culture has received further promotion in Uzbekistan. The system of funding, training and retraining specialists of the sector has been bolstered, so has its economic and technical capacities. More than 80 sports federations operate currently in Uzbekistan with all the necessary technical and methodological means and professional coaches.
All around the nation, even in the remotest of areas, over 51 thousand sports facilities have been erected. Myriads of centers and clubs for diverse types of sports function, along with sports complexes and gyms, by no means substandard to the most advanced foreign arenas.
Indicators of annual public expenditures on education in Uzbekistan are among the highest in the world. Its share in the state budget expenditures exceed 35 percent, which is a solid confirmation of the enormous attention given to nurturing a comprehensively accomplished generation.
The Fund for the Development of Children’s Sports that has been operating since 2002 is attached a special role in the extensive promotion of sports.
In accordance with the resolution of the President of the country “On Preparations of Athletes of Uzbekistan to the 31st Summer Olympics and the 15th Paralympics in 2016 in Rio de Janeiro (Brazil)”, signed on February 25, 2013, our sportspeople have been actively training for these prestigious competitions.
At the meeting, President was awarded a medal of the International Olympic Committee for outstanding services in the development of sports and promotion of the Olympic movement. Also, for the tremendous contribution to the development of soccer in Uzbekistan and Asia, the head of our state received an award of the Olympic Council of Asia.
(Source: Press-service of the President of the Republic of Uzbekistan)
economy
Uzbekistan Introduces a New Kind of Cotton Packing
This year, new capacities will be launched for the first time in Tashkent Region on production of PET films and soft plastic containers for packing cotton.
The new enterprise will manufacture products on the technology of the Nantong Yufeng Plastic Packing Co., Ltd of China on the territory of the previous cotton cleaning plant in Yangiyol.
Head of the department for involvement and implementation of investment projects of Uzpakhtasanoat Association Rinat Gulyaev said that the total volume of investments into the enterprise is $ 7 million.
“This year the plant to get four lines for production of PET films, six lines for production of soft plastic containers worth $ 3 million,” Gutyaev noted.
He also added that in 2016 the lines for reprocessing of recyclable materials will be installed worth $ 4 million.
The industry needs in 4, 6 million sets of packages per year, and the plant fully meets this demand. It is planned to expand the production and launch exports.
(Source: IA «Uzbekistan Today»)
investments
Uzbekistan implements projects for US$222.52m in pharmaceutical industry
Uzbekistan implements 48 investment projects for US$222.52 million in pharmaceutical industry in 2015.
At the press conference in Tashkent, it was said that it is planned to complete 23 projects in 2015.
It was said that 31 investment projects with total cost of US$309.45 million were started in 2014, of which 17 were completed last year.
Additional modern high technological capacities on production of ampoule, pill an infusion medicaments, as well as pharmaceutical jars were launched.
Currently, the industry developed and implements a programme of measures on attracting foreign investments to the projects, related to production of medicaments for TB, cancer, heart diseases, etc.
It is worth to mention that Uzbekistan attracted investments for over US$300 million in last years, including US$100 million of foreign direct investments.
The capacities in pharmaceutical industry allows to produce medicaments on 30 forms and 96 pharmacotherapy groups of medicaments.
Currently, local medicaments account 35% of internal market in natural expression and 20% – in money expression. Local producers fully satisfy demand for liquid medicaments and 20-40% – for pills, injection and infusion, antibiotic and other medicaments.
About 82% of medical products are produced by enterprises of Uzfarmsanoat. In 2014, the enterprises of Uzfarmsanoat produced 619 units of pharmaceutical products for 543.8 billion soums, of which 425.4 billion soums were medicaments and 118.4 billion soums – products of medical purpose (currency rates of CB RU from 18.06.2015 1$= 2546.22 soums).
The companies of Uzfarmsanoat exported goods to nine countries of the world. In 2014, total volume of exports made up US$9.3 million. About 302 medical products of Uzbekistan were registered in nine countries.
(Source: UzDaily.com)
FINANCE
Banks to Compete for Finance
Uzbekistan has developed a new mechanism to enhance the liquidity of domestic banks.
The Uzbek government has approved a statute on placing temporary free funds of the republican budget of Uzbekistan and the use of proceeds derived from their placement on deposits in commercial banks.
The budget funds will be placed in the banks through a competitive selection. It is open to commercial banks that have at least 25-percent state share in the authorized capital and no arrears on previous bank deposits at the expense of the republican budget. The Ministry of Finance, if necessary, may apply to the Central Bank or commercial banks for information about their financial status.
The bank that offers the highest percentage of income on the deposit and meets the terms and conditions specified in a competitive selection will be considered as a winner. In case participants offer the same interest rates and terms, preference is given to the commercial bank with the largest state share in the authorized capital.
Cash is placed on deposit with commercial banks on a contractual basis for a period up to nine months of a financial year. If a commercial bank meets the terms of the contract, the period of its validity may be extended, but no longer than the end of the current fiscal year.
(Source: «Uzbekistan Today» newspaper)
Society
The Ministry of labour: 7.5 thousand citizens with disability improve their health in rehabilitation centers annually
Today, the National press center of Uzbekistan hosted a press conference devoted to social assistance to persons with disabilities in the Republic of Uzbekistan. The event was conducted by the Ministry of labour and social protection of the population.
During the press conference, media representatives were given information about the policies of the Ministry of labour in this direction.
It was noted that about 600 thousand people with disabilities live in the Republic today. Rehabilitation measures for persons with disabilities are very important. The Ministry of labour within its structure has 11 rehabilitation centers with a total number of beds of 720. Hereby, 17.5 thousand citizens with disabilities undergo rehabilitation in these centers every year.
As of June 1 of the current year, 2971 disabled were provided with rehabilitation and technical means, 948 – received wheelchairs, 561 – hearing aids, 491 – crutches, 971 – canes.
The state in this direction creates not only legal, but also organizational, material and technical conditions for the protection of the rights of children with disabilities, including, in the field of education. Children with physical and mental disabilities are educated in special educational institutions, including in specialized colleges in Tashkent and Fergana under the Ministry of labour and social protection of the population.
The Ministry of labour and social protection of the population within its structure has operating nursing homes for people with disabilities, as “Muruvvat” and “Sahovat”. The main activity of such houses is taking care of people with physiological and psychological health problems.
(Source: UzReport.uz)
Reference to the source is a must in reproducing materials