24th anniversary of Independence of Uzbekistan.. 2
President confers rank of Ozbekiston Qahramoni to four citizens. 2
Uzbekistan announces 31 August as day-off. 2
Agreement entered into force. 3
Bankers to Be Punished for Refusal of Distribution of Cash to Entrepreneurs. 3
24th anniversary of Independence of Uzbekistan
President confers rank of Ozbekiston Qahramoni to four citizens
President of Uzbekistan Islam Karimov signed a decree on 25 August 2015 on awarding four citizens of the country with the title Ozbekiston Qahramoni (Hero of Uzbekistan).
The ranks of Ozbekiston Qahramoni were awarded to Suyima Ganieva, a professor of classic philology chair of the Tashkent State Oriential Studies Institute (Tashkent) and Quvandiq Sanaqulov, director-general of Navoi Mining and Metallurgy Combine (Navoi region).
Tavakkal Topvoldiev, chairperson of Andijan regional branch of Nuroniy Foundation, and Avaz Hosilov, head of Hosil farm of Kattakurgan district of Samarkand region, were also received the titles of Ozbekiston Qahramoni.
They were awarded for distinctive services to the state and the people in strengthening the country’s independence and deepening the reforms, long and self-sacrificing work in the industrial sector, as well as great contribution to upbringing the young generation in the spirit of patriotism and devotion to the nation.
(Source: UzDaily.com)
Uzbekistan announces 31 August as day-off
President of Uzbekistan Islam Karimov signed a resolution “On shifting day-off in connection with the celebrations of the 24th anniversary of Uzbekistan’s Independence” on 25 August 2015.
The resolution said that in connection with celebration of the Independence Day of Uzbekistan and create favourable conditions to resting of population, Monday, 31 August 2015, announced as a day-off in Uzbekistan.
With his resolution, the leader of Uzbekistan announced 29 August, Saturday, as a working day in the country.
(Source: UzDaily.com)
investments
A Magic Lamp
A trend of introducing energy-efficient technologies in residential lighting has been scaling up throughout the globe. It entails the boost of scientific research: now each new generation of lamps burns as brightly while consuming less energy. The LED technology has made a true revolution in the market, allowing a 70% reduction in energy consumption, unlike the conventional incandescent lamps.
Uzbekistan has been pursuing a policy of the shift from the old incandescent light bulbs to their modern counterparts for the past five years. The Central Asia’s first manufacture of energy-saving compact fluorescent lamps was opened in 2010 in the new joint Uzbek-British enterprise Neo Sun Light. The service life of the new lamps exceeded that of the conventional ones by eight times, while consuming 4-5 times less the energy. It was truly a breakthrough for the national economy.
In 2011, experts developed a special program on the establishment of production of modern energy-saving lamps and replacement of the bulbs, which envisaged the increase of their production by more than four times to 28.7 million pieces in 2015. Several advanced manufactures were established in the early years of its implementation jointly with the leading foreign manufacturers. Meanwhile, the technology has been evolving. Engineers of Korean companies offered a completely new approach to lighting – the use of LED in lamps. According to the research, unlike a compact fluorescent lamp, the LED has a higher color rendering index, does not require any specialized disposal and works longer. It was fairly reasonable that the vector of development was biased in favor of the development of such a production.
A new Uzbek-South Korean joint venture Yorqin Chiroqlar (Bright Lamps) on the production of energy-saving lamps was launched last week in the Jizzakh Special Industrial Zone (SIZ). The joint venture was founded by the Jizzakh territorial power network entity of the Uzbekenergo Jo Company, and the Owell Corporation (South Korea). The project’s total cost has exceeded $2.5 million. The company is capable of producing 2.5 million energy-efficient LED lamps per year. The company has scheduled to produce more than 21,000 bulbs by the end of the third quarter of 2015.
It appears quite simple to calculate the economic effect of abovementioned technologies. Uzbekistan is currently consumes an average of 43 million of conventional 60 watts incandescent bulbs, which consume 6.5 billion KWh of electricity per hour. The power consumption would amount to five billion KWh in case if they are replaced by LED lights. This implies saving of 1.6 billion cubic meters of natural gas, or five million tons of coal used for power generation.
There is another important point: used in the production of lamps, the LEDs are semiconductors. Uzbekistan has recently launched two modern manufactures of silicon, which is precisely the source of raw materials for semiconductors. Therefore, the country has all the conditions for the creation of modern facilities on the production of high-quality, energy-efficient and, most importantly, inexpensive lamps.
(Source: «Uzbekistan Today» newspaper)
International cooperation
Agreement entered into force
On August 17, 2015 the Agreement between the Government of the Republic of Uzbekistan and the Government of the Federative Republic of Brazil on economic and trade cooperation entered into force.
In accordance with the Agreement, the Parties will take the necessary measures to develop and strengthen bilateral trade and economic ties. In particular, in import and export of goods between Uzbekistan and Brazil the Parties will provide each other the most favored nation treatment concerning the customs duties and taxes.
The full text of the Agreement will be published at lex.uz.
(Source: Press Service of the MFA of the Republic of Uzbekistan)
Society
Bankers to Be Punished for Refusal of Distribution of Cash to Entrepreneurs
President Islam Karimov signed the Law ‘On amendments and supplements to some legislative acts of the Republic of Uzbekistan, aimed at further strengthening of the reliable protection of private property, businesses and the removal of barriers to their rapid development.’
Within this document, a new Article 192 (7) ‘Undue delay of the distribution of cash to businesses and other organizations’ has been included in the Criminal Code of Uzbekistan.
Now, undue delay of a payment to business entities and other organizations for salaries, allowances, scholarships and other equivalents of payments made by an official or bank employee after the application of administrative penalties for such acts is punishable. The fine can be up to the 50 minimum wages or deprivation of certain right up to three years, or restraint of liberty or imprisonment up to one year.
Criminal punishment is applied for illegal request of access to information about the availability of funds on business entities’ accounts (Article 192 (8)) ‘Requesting access to information about the availability of funds on the accounts of business entities in cases not provided by applicable law, committed after the application of an administrative penalty for the same actions is punished by a fine of the 150-300 minimum wages or deprivation of certain right up to three years or correctional works up to three years.”
(Source: «Uzbekistan Today» News Agency)
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