Mirziyoyev slams Uzbek car industry, urges for improvements

Business Materials 27 June 2018 11:21 (UTC +04:00)

Baku, Azerbaijan, June 27

By Fikret Dolukhanov – Trend:

President of Uzbekistan Shavkat Mirziyoyev has delivered a serious blow to the country's auto industry, which has rather chaotic recently.

In particular, he instructed to reduce the prime cost of automotive products, increase the level of localization and reduce the volume of imports, the administration of the head of state stated, referring to the president’s speech on June 26.

Mirziyoyev noted that the automobile industry plays a vital role in the country's economy, however, production and exports have recently declined. The head of state criticized the widespread corruption, bribery, nepotism at all levels in the sphere.

The president reminded that there are a lot of debts in the structure of Uzavtosanoat JSC (the country's major car manufacturer). Several enterprises of the company completed 2017 with losses. For a number of years the export of cars was carried out at a price lower that the prime cost and no action was taken to actually reduce the latter.

The president ordered to provide industrial enterprises with working capital and to improve production and sale of cars in the domestic and foreign markets. He also instructed to prepare a concept for the further development of the country's automobile industry.

Mirziyoyev also paid attention to revision of distribution of car dealerships and to streamlining of the system of car sales in the domestic market.


Follow the author on Twitter: @FDolukhanov