Uzbekistan news for March 03, 2010

In this issue:

2 Corporate news
2 Asia Alliance Bank gets license to work with hard currency
2 Microcreditbank holds talks with Microsoft, Softline
2 Company Set up to Weave Velvet
2 Last week’s major legislation news
3 Industry news
3 Uzbekistan agriculture output comprises 12.642trln soums in 2009
4 Politics and Economics
4 3rd National Fair of Innovative Ideas, Technologies and Projects starts in Tashkent
4 Upcoming events
5 UzSE
6 Real Estate commercial offers
7 Tenders list
8 AFS Research productline
9 AFS Research services
 

Company Set up to Weave Velvet
 

Samarqand-based Siyob Chashmasi has opened a subsidiary Taylok Bahmali specializing in the production of velvet.
This agro-industrial company involved in processing and exporting agricultural produce from year to year expands its activities. In particular, last year the company established manufacturing of plasterboard based on German technology.
“Full support granted to small businesses and private entrepreneurship in the country provides us a powerful stimulus for the expansion of our activities,” said Shahriyor Marupov, director of agro-industrial firm Siyob Chashmasi. The affiliated enterprise Taylok Bahmali is equipped with latest technologies. The enterprise produces 300-400 meters of various velvet fabrics per day. With the load at full capacity, the company plans to raise this figure to a thousand of meters. Additional machines to be installed in the second half of the year will enable us to produce clothing and other products of velvet.”
Currently, the company employs more than 80 representatives of rural youth. Toward the end of the year the company will create about a hundred more jobs. (ut.uz)
 

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