Monthly review for July 2009: Uzbekistan

In this issue:

3 Laws & Legislations
3-4 Politics and Economics
3 Chinese-Uzbek trade turnover increases by 97.2% in Jan-Mar
3 Uzbekistan's growth among highest: IMF chief
3 Localization of auto industry reaches 60% in Uzbekistan
4 Saudi Arabia gives Uzbekistan US$5.59m loan to upgrade water pump
4 Purchasing price of wheat constitutes US $140, 22% higher than last year
4 Physical parties may import goods only for US $10 duty-free in Uzbekistan
4 Uzbekistan 08-09 cotton exports to decrease
5 Banking
5 Kapitalbank sums up results of 1Q 2009
5 Kapitalbank's deposit volume reaches 56.91bn soums
5 Agrobank introduces new deposits in hard currency
5 NBU introduces multicurrency deposit
5 Moody's assigns B1/NP/E+ ratings to Asaka Bank; stable outlook
5 NBU launches new deposits in national currency
5 HR News
6-7 Corporate News
6 KOGAS to invest US$22m in exploration in Uzbekistan
6 Uzbektelecom’s net income makes up 7.5bn soums in 1Q
6 Uzbekneftegas” to produce gas valves together with Korean company BTX
6 South Korea to invest US$2m into pharmaceutical joint venture in Navoi
6 New venture to produce PVC in Navoi
7 Production of new cement brands starts in Uzbekistan
7 Two Uzbek-Korean ventures start exploration of quartz and quartzite deposits
7 MTS Uzbekistan's subscriber base reaches 6.51m
7 GM Uzbekistan JV boosts auto output 0.1% in Jan-May
7 LG refrigerators to be produced in Samarkand
7 IPO and M&A news
8-9 UzSE & Last month market leaders
10 Tenders list
11 AFS-Research news