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February 12, 2015


February12, 2015

uzbek_digesteconomy.. 2

Uzbek companies register shares for 6.13 trln. soums in 2014. 2

The Heart of Domestic Industry. 2

elections OF THE PRESIDENT of the republic of uzbekistan.. 3

PDPU submits papers to register presidential candidate to CEC.. 3

In Central Election Commission. 3


Uzbek Opera Star Takes on New Role as Author4





Uzbek companies register shares for 6.13 trln. soums in 2014

The Center for coordination and development of securities market and its territorial bodies registered 271 issues of shares for 6.13 trillion soums (on par value) in 2014 (currency rates of CB RU from 12.02.2015   1$= 2448.16 soums).

As of 1 January 2015, total nominal value of existing issues of shares made up 12.7 trillion soums, which rose by 2.4 trillion soums or by 23.9% year-on-year.

In the result of measures adopted to protect rights of minority shareholders of the joint stock companies, number of shares in circulation rose from 10.2 billion units to 965.2 billion units in 2014, or rose 96.4 times in the result of splitting their par value.

Last year, Uzpromstroybank issued shares for 325.2 billion soums, Uzeltekhsanoat – 242.2 billion soums,Uztransgaz – 123.6 billion soums, Asaka Bank – 75 billion soums, Uzagrosanoatmashholding – 73.1 billion, Uzmahsusmontajqurilish – 13.3 billion and Qishloq Qurilish Bank – 16.7 billion soums (on nominal value).

The center said that it registered IPOs of joint stock companies for 210.4 billion soums and additional shares for 2.06 trillion soums, of which stocks for 63.3 billion soums were placed on open subscription and 1.99 trillion soums – closed subscription.

Currently, there are 54 issues of corporate bonds for 378.8 billion soums in circulation.


The Heart of Domestic Industry

It stands to reason that power is often interpreted as the heart of the industrial production. In the age of advanced technologies, automated conveyors and equipment, an uninterrupted supply of energy is vital for the efficiency of enterprises.

Experts note that when foreign investors are planning to open a manufacture, they are sure to study if the region and its territory are secured by the relevant infrastructure and communications. This is understandable, because without electricity even a most advanced plant would stand idle. Therefore, Uzbekistan has been paying close attention to the upgrade of generating capacities and network economy, and involvement of the latest technologies, equipment and leading foreign partners.

Last year, power plants of Uzbekenergo produced about 55 billion KW / h of electricity with a growth rate of 2.3%. The indicators exemplify intensive implementation of investment projects aimed at technological extension of the sector. Some of them are fairly unique not just for the country, but for the entire Central Asian region.

In 2014, the company implemented 28 large investment projects and completed the construction of nine power plants. One of the most important projects envisaged the commissioning of power transmission lines with a total length 1,240 km, and installation of about 1,000 sets of transformer substations, which should provide a guaranteed supply of energy to the population and industrial sector in different regions of the country.

The projects on introduction of new hign-efficiency power generation technologies with the construction of combined-cycle and gas turbines have been continued. As part of the construction of combined-cycle plants at Talimarjan and Tashkent TPPs shell and core works on industrial sites were completed.

Uzbekenergo specialists have been implementing a range of projects on gradual upgrade of existing hydroelectric power plants. For example, last year, the hydraulic unit № 2 at Charvak HPP was upgraded through the replacement of an impeller. That has increased the plant’s capacity by 15 MW, and enhanced its reliability.

In order to diversify the energy balance through alternative energy the company has been working on the construction of 100 MW solar photovoltaic power plant in the Samarkand region. To date, technical bids for a general contractor for the construction of the station have been completed. The South Korea grant funds have enabled the launch of a pilot solar photovoltaic plant in Pap District of Namangan Region.

Several projects on the introduction of solar collectors for hot «water supply at the facilities of main electric networks of Uzelektroset and at the enterprises of territorial electric networks are underway.

As part of localization and import substitution program two joint ventures were established on the territory of Jizzakh SIZ: Kuyosh Issiqlik Energiyasi JV is engaged in the production of solar water heating systems with the output of 50,000 units per year, and Yorkin Chiroklar JV specializes on the production of energy-saving LED lighting products with an annual capacity of 2.5 million LED bulbs.

(Source: «Uzbekistan Today» newspaper)


elections OF THE PRESIDENT of the republic of uzbekistan

PDPU submits papers to register presidential candidate to CEC

People’s Democratic Party of Uzbekistan (PDPU) submitted necessary to the Central Elections Commission (CEC) to register its presidential candidate on 10 February 2015.

The party completed process of nomination of its candidate to the presidential elections in line with the legislation of Uzbekistan.

The party submitted application for registration of the candidate to the post of the President of Uzbekistan, decision of the higher body of political party on nomination of the candidate to the post of the President, protocol of the session of higher body of the party on nomination of the candidate to the post of the President, application of candidate to the post of the president on his agreement to participate in elections, as well as signature sheets.

The Central Election Commission will check submitted documents within seven days and issue conclusion on submitted documents.

Currently, a working group of the CEC is working on checking signature sheets of the parties. The working group includes representatives of public organizations, interior affairs and justice bodies.

As reported earlier, the PDPU nominated Chairperson of the Central Council of PDPU Hatamjon Ketmonov to the post of the President of Uzbekistan.


In Central Election Commission

On February 11, 2015 representatives of the Social Democratic Party “Adolat” submitted necessary documents for registration of candidate for the President of the Republic of Uzbekistan nominated by it to Central Election Commission of their respective statement of party, decision of the supreme body of a political party to nominate a candidate for President of the Republic of Uzbekistan, protocol of the meeting of the supreme body of the political party on nomination for President of the Republic of Uzbekistan, application of the candidate for the President of the Republic of Uzbekistan, his consent to run, as well as signature sheets in support of candidate nominated by the party.

The event which was attended by members of the Central Election Commission representatives of the party “Adolat” and the media noted that the Central Election Commission within the prescribed period will check and give an opinion on the documents submitted under the requirements of the electoral law.

(Source: IA «Jahon»)


Uzbek Opera Star Takes on New Role as Author

Uzbek opera star Muyassar Razzakova has authored a music textbook titled ‘Introduction to Basic Academic Singing’, published by Sharq publishing house.

A graduate of the State Conservatory of Uzbekistan, the Uzbek singer’s artistic pathway has been linked with the Alisher Navoi Opera and Ballet Theater since 1988. Razzakova has scored numerous victories at prestigious national and international competitions and has toured a number of countries across the world. She has performed virtually all soprano parts of classical national and international operas.

Presently, the decorated opera singer, who has been awarded the ‘Buyuk hizmatlari uchun’ (For Outstanding Services) medal and holds the title of People’s Artist of Uzbekistan and Karakalpakstan, heads the department of academic singing and operatic training at the Conservatory. Recently, she has been given the title of professor.

“While training would-be singers, I realized that not all the students are able to overcome the barrier they face while trying to perform Uzbek national and Italian bel canto pieces,” Razzakova says. “So, I hit upon the idea of writing a book because individual lessons alone would not solve the problem. My book provides convenient and simple explanations of singing techniques as well as tips. I am now working on another edition, which will focus on the basics of academic singing in an in-depth format,” she added.

“Performing arts are considered to be a form of intellectual property globally. Exchange of information and experience occurs during classes,” says Dilora Muradova, a professor at the Conservatory. “The new book provides practical answers to so many questions arising in the process of instruction>”

“This book is an artistic portrait of Muyassar herself,” says Andrei Slonim, a director and stage designer at the Alisher Navoi Theater and a prominent culture professional. “She learned bel canto singing skills from prominent singer Rozalinda Laut, who helped her reach a high-class academic singing level, while another famous performer, Saodat Kabulova, turned her to distinctive features of national repertoire. I am convinced that new generations of young performers will benefit immensely from her teaching endeavors and creativity alike.”

(Source: «Uzbekistan Today» newspaper)

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