August 31, 2013

Politics and Foreign Policy:
Meeting at the Oqsaroy
Legal basis of civil appeals in Uzbekistan and Germany was discussed in Tashkent
In MFA of Uzbekistan was held a meeting with delegation from Seattle
George Krol: Uzbekistan has accomplished much in its first 22 years as an Independent State
Economics:
New electric freight locomotives: improving quality and speed
Power Sector’s Model Project
"UzbekEnergo" allocated 250 billion soums for the autumn-winter period
Uzbekistan has established procedure for determining of monopoly prices of services in the financial market
Senate of Oliy Majlis approved Central Bank Report
Society:
UNESCO Director-General delighted by the National Library of Uzbekistan
A Festival of Arts and Friendship
Uzbek Martial Art in the United States

POLICY and FOREIGN POLICY

MEETING AT THE OQSAROY

President of the Republic of Uzbekistan Islam Karimov at the Oqsaroy on August 31 met with Eni Faleomavaega and James Patrick Moran, members of the House of Representatives of the United States Congress, who have been on visit in our country.

Greeting the guests, the head of our state expressed confidence that their stay in Uzbekistan during the Independence Day celebrations will allow them to have a better familiarity with our country, its rich culture, spiritual and historical heritage and traditions of the Uzbek people.

Participation of prominent American officials in the international conference entitled “Evolution of Parliamentarianism: Expertise of Uzbekistan and the United States” has become another indication of the expanding cooperation between our two nations.

The parties to talks noted that the enhancement of inter-parliamentary bonds is one of the important dimensions in the Uzbek-American dialogue.

The conversation has served to discuss a wide range of issues in the bilateral interaction, along with individual regional and international topics.

At the meeting, the two sides expressed a shared interest in steadfast intensification of the trade-economic and investment cooperation with the involvement of advanced American technologies.

The Congressmen sincerely congratulated Uzbekistan’s President on the 22nd anniversary of the national independence and the successful conduct of the 9th Sharq Taronalari International Music Festival in Samarkand.

Eni Faleomavaega and James Moran expressed gratefulness to the head of our state for a warm reception and an opportunity to discuss issues important for both sides. They noted the growing interest in the United States in the further expansion of bilateral cooperation with Uzbekistan across all spheres of mutual interest.

(Source: UzA – Uzbekistan national news agency)

LEGAL BASIS OF CIVIL APPEALS IN UZBEKISTAN AND GERMANY WAS DISCUSSED IN TASHKENT

In the Legislative Chamber of Oliy Majlis (parliament) of Uzbekistan was held an international scientific seminar on: "Legal basis of civil appeals: the experience of Uzbekistan and Germany".

The event was organized by the Legislative Chamber of the Oliy Majlis, Friedrich Ebert Foundation in Central Asia and the National Center of the Republic of Uzbekistan for Human Rights and was attended by the deputies of the Legislative Chamber and the Senate of Oliy Majlis, the heads of state agencies, research and educational institutions, international partners and experts, national experts of civil society and mass media.

The main objective of the seminar was to discuss national legislation in the sphere of handling appeals from legal entities, establishment of accountability for violations in this area, as well as further improvement of handling processes of civil appeals by public authorities.

The participants paid particular attention to elimination of gaps in the establishment of responsibility for violations committed by public officials and other organizations when handling appeals from legal entities, which in its turn creates conditions for various violations of the law in this area. Thus, Article 43 of the Administrative Code and Article 144 of the Criminal Code of the Republic of Uzbekistan do not cover acts related to appeals from legal entities.

It was emphasized that for building a civil society and a democratic state, the most important task is to provide additional guarantees for protection of civil rights and freedoms, the legitimate interests of legal entities and the establishment of effective legal mechanisms to ensure the lawfulness and the rule of law in handling appeals from both citizens and legal entities.

In this regard, it is of great importance to study the experience of countries like Canada, Norway, the U.S., Switzerland and CIS. In some countries specific laws have been adopted, that regulate issues of handling appeals from both individuals and legal entities by government bodies and other organizations. Foreign experience shows that the solution lies in the adoption of legislative norms in the area of administrative regulations, which cover the procedural issues of handling of appeals not only from citizens, but also from legal entities.

Participants discussed the relevant provisions of the Concept of further deepening of democratic reforms and building of civil society in the country, elaborated by the President of the Republic of Uzbekistan, as well as the German experience in providing additional guarantees for the protection of the civil rights and freedoms, the legitimate interests of legal entities and the rule of law in considering appeals, both from citizens and legal entities

Participants agreed that this very Concept unites the people of Uzbekistan around the strategic goal - to become one of the modern developed democracies, to provide decent standards of life for its people and to become a part of the international community. The Concept has given a powerful impetus to the positive processes of democratization and modernization of the country in the completely new stage of development of the society and the state.

In this regard, in Uzbekistan, along with the constitution and other norms, the Law of the Republic of Uzbekistan "On civil appeals”, regulating the procedure of handling civil appeals by the government bodies was adopted .This law, regulates only the procedure of handling civil appeals, while the appeals from legal entities in public bodies is not covered. However, despite the absence of specific legislation, the issues of handling appeals from legal entities in one way or another is regulated by different norms.

At this stage, establishing the regulations for many aspects of the handling and resolution of appeals from legal entities by public bodies and other organizations remain an important issue. Other issues - the creation of opportunities for legal entities (their representatives) to appeal verbally, regulation of the registration process and handling such appeals, as well as legal regulation of the possibility of submitting applications in electronic form and other aspects.

After discussing the information provided by national and international experts, the participants made a number of constructive suggestions for improving the legal framework for regulating relations while handling appeals from citizens and legal entities by government agencies and other organizations.

(Source: Uzreport Agency)

IN MFA OF UZBEKISTAN WAS HELD A MEETING WITH DELEGATION FROM SEATTLE

On August 30, 2013, Minister of Foreign Affairs of the Republic of Uzbekistan Abdulaziz Kamilov received a delegation from Seattle (USA) led by co-chairman of the Seattle-Tashkent, Sister City Association, and the Director of the Center of Washington University Diana Pearce.

The delegation is in the country within the framework of events dedicated to the 22nd anniversary of Uzbekistan's Independence and the 40th anniversary of the establishment of Sister City relationship between the two cities.

During the meeting it was noted that both countries appreciate the growing ties between the capital of Uzbekistan and one of the leading economic and cultural centers of the United States.

Parties attribute particular importance to the extension to other fields of the experience of successful cooperation between Tashkent and Seattle in the cultural, scientific and educational spheres as well as through government agencies and non-governmental organizations and representatives of civil society.

In the meeting were also discussed the prospects for development of trade-economic and investment cooperation.

(Source: Uzreport Agency)

GEORGE KROL: UZBEKISTAN HAS ACCOMPLISHED MUCH IN ITS FIRST 22 YEARS AS AN INDEPENDENT STATE

On the eve of the 22th Anniversary of State Independence of Uzbekistan, UzA correspondent talked to the Ambassador Extraordinary and Plenipotentiary of the United States of America to Uzbekistan George Krol.

- Uzbekistan has accomplished much in its first 22 years as an independent state, - says J. Krol. - The country has maintained a stable economy and has significantly transformed the level of infrastructure throughout the country. You have worked to address social challenges, modernize your security forces and develop competent bureaucrats and teachers for the future. I am delighted at the prospects for the American Embassy to partner with Uzbekistan’s institutions and society to implement some of your key development initiatives such as expanding English language education in Uzbekistan. English is very much a universal language and knowledge of the language can help Uzbekistan develop its role further in the global community.

- How do you evaluate the current state of affairs in the cooperation between Uzbekistan and the United States? Your view of the progress in execution of deals reached in the area of investment and trade-economic interaction. In what other spheres do you think our two nations can boost their relations in the future?

- Over the past 21 years, the bilateral relationship between the U.S. and Uzbekistan has grown and deepened in all fields: education, trade and investment, human rights and rule of law, regional security, and cultural ties. Through frequent interaction in Washington and Tashkent, including through our annual bilateral consultations, we engage as equal partners in a candid, respectful discussion about the full range of topics on the bilateral agenda.

We also welcome Uzbekistan’s desire to develop and diversify its economy, create the conditions necessary to attract greater foreign investment, and tap into the significant potential for growth offered by greater regional trade and commerce. I see great potential in agriculture and food processing. The Embassy, often in cooperation with the American Chamber of Commerce in Tashkent provides support to U.S. companies such as General Motors, Boeing, and Nukem, which already have strong economic and commercial ties in Uzbekistan, as well as to companies which are considering an investment.

I fully anticipate that our relations will continue to expand over the years and personally would like to see more educational and cultural exchanges through which citizens of our two countries would be able to learn more about each other firsthand. I also believe that science and technology is a promising area for expanded cooperation.

- We would like to enquire into your opinion of the initiatives and efforts undertaken by Uzbekistan under the leadership of Islam Karimov in cementing the peace and stability in the region.

- The United States and Uzbekistan share an abiding interest in ensuring that the broader Central Asian region is stable, secure, and prosperous. We are proud to be able to support programs implemented by government and civil society actors in Uzbekistan that address regional stability, counterterrorism, counternarcotics, and nonproliferation. We greatly value the contributions of your government toward peace and stability, in particular its continuing support for Afghanistan on a bilateral basis. We work closely with your government on a broad range of security cooperation initiatives aimed at stability and security in the region. The United States recognizes the sensitivities involved in the use of water resources and believes that dialogue between the countries of Central Asia on how to manage the water and energy of the region could help address this issue.

- Can you share your thoughts on the significance of Sharq Taronalari International Music Festival due in Samarkand? What art figures from the US are expected to take part in this year’s festival?

- I am pleased to say that I will be attending the Sharq Taronalari festival this year! It is a wonderful initiative on behalf of the government to bring together musicians from all parts of the globe for a celebration of traditional, folk and modern music. I see this as a fabulous way to strengthen cultural and personal ties among people of different nations, which is something we strive to do with U.S. Embassy cultural programs. Native American drummer Kenneth Duncan who is a member of the Apache Tribe will be performing in the festival as well as the band Cedar Hill Refugees that specializes in a fusion of bluegrass and traditional Uzbek music. We are very excited to have American musicians participate in this impressive event in the historic city of Samarkand.

- The year 2013 has been announced as the one of Wellbeing and Prosperity in Uzbekistan at the initiative of our President Islam Karimov. Please share your views on this initiative’s significance and effects.

- This is an important initiative as the Government of Uzbekistan seeks to implement improvements in the infrastructure, health care and educational systems. None of these can be accomplished overnight so the fact that it is a year-long effort is significant. The United States has worked over the course of its independence to guarantee the freedom and security of its citizens. I am happy to see that Uzbekistan is endeavoring to do the same for its people. There are always going to be challenges but these are goals that both countries work toward diligently and tirelessly.

(Source: UzA – Uzbekistan national news agency)

ECONOMY

NEW ELECTRIC FREIGHT LOCOMOTIVES: IMPROVING QUALITY AND SPEED

Three new O'ZEL series electric freight locomotives arrived at the Tashkent-Central railway station. The important occasion was dedicated to the 22nd anniversary of the independence of the Republic of Uzbekistan.

Representatives of Uzbekiston temir yollari State joint stock railways company, various ministries and agencies, foreign companies, diplomatic corps, and the press attended the presentation of new electric freight locomotives.

Currently our country possesses huge transport-communication and transit potential, connecting the East and the West, the South and the North with highways. During independence years new railway lines, modern railway stations have been constructed, electric railway lines have been put into operation and the former railway lines have been electrified. Upgrading the locomotive fleet and rolling stock have been given special attention.

According to A.Ramatov, chairman of the Board of the Uzbekiston temir yollari state joint-stock railways company, purchase of 11 electric freight cars in line with the decree of President Islam Karimov “On accelerating development of infrastructure, transport and communications construction in 2011-2015” dated from 21 December 2010 has been a logical continuation of further development of railways sector in our country. The purchase was made possible within the framework of economic cooperation of the Republic of Uzbekistan with the People’s Republic of China.

The total amount of the project comprises $47,3 million U.S. dollars. A syndicate of Chinese CNTIC (China National Technical Import & Export Corporation) and the CNR DLRC (CNR Dalian Locomotive and Rolling Stock Co. Ltd) are suppliers. Three new electric freight locomotives have already arrived in Tashkent, the other 8 will be received by the Uzbekiston temir yollari at the end of this year.

Uzbekiston temir yollari says that in selecting suppliers a special attention have been given to creation of favorable conditions during exploitation, technical maintenance and repairs of the electric locomotives. Thanks to joint efforts of Uzbek and Chinese specialists the issues of general composition, microprocessor management system, structure of the body and trolleys, pneumatic brake system, traction motors and transformers, safety systems and after-sales maintenance were rapidly solved.

As a result of joint efforts the sides decided to increase power from 6000 to 7200 kW and traction from 450 to 450 ?? 490 kN.

Deputy Prime Minister of the Republic of Uzbekistan B.Zakirov spoke at the ceremony.

(Source: UzA – Uzbekistan national news agency)

POWER SECTOR’S MODEL PROJECT

The Tashkent Heat and Power Plant has hosted an official launch ceremony of cogeneration gas-turbine technology.

The machinery was supplied as part of the joint model project by the Uzbekenergo SSC and Japan-based Tohoku Electric Power Co., Inc, under the coordination of Japan’s New Energy and Industrial Technology Development Organization (NEDO).

The launch ceremony was attended by representatives of a number of ministries and other agencies of the two nations, foreign manufacturers and domestic producers, contractor and construction and mounting organizations directly connected to the materialization of the scheme.

The Uzbekenergo SSC Chairman of Board Iskandar Basitov, Japan’s Ambassador Extraordinary and Plenipotentiary to our country Fumihiko Kato and other speakers at the event underlined the steadfast development of cooperation between Uzbekistan and Japan, which is founded on the robust normative base made up by agreements reached during meetings of the heads of our two states. President Islam Karimov’s official visit to Japan in February 2011 facilitated the elevation of the two nations’ interaction to a qualitatively new level.

It is noteworthy that the bilateral relations between Uzbekistan and Japan cover a wide range of cooperation areas, including diplomatic, trade-economic, socio-humanitarian and cultural ties. Owing to the financial and technical assistance by Japan, socially important and infrastructure projects are being realized in Uzbekistan in healthcare, education, energy, transport and telecommunications sectors.

Such close interaction is built on the Joint Declaration on Friendship, Strategic Partnership and Cooperation between the Republic of Uzbekistan and Japan, signed in 2002 during the official visit of Uzbekistan’s President Islam Karimov to Japan. Another incentive for shoring up the Uzbek-Japanese economic relations has been the agreements on trade and economic interaction, mutual protection and stimulation of investments. The Uzbekistan-Japan and the Japan-Uzbekistan committees for economic cooperation have been instrumental in enhancing the bilateral ties.

Trade turnover between our two nations has been growing dynamically every year. Notably, more than ten Uzbek-Japan enterprises and representative offices of 14 Japanese companies operate currently in Uzbekistan. The spheres of their activities encompass transport services, tourism, healthcare, mechanical engineering, metalworking production, export-import operations, light industry, supply of equipment as part of investment schemes.

During talks between the leaders of our two states, issues concerning the establishment of cooperation with NEDO were addressed. A memorandum of understanding was signed between the government of Uzbekistan and Japan’s New Energy and Industrial Technology Development Organization (NEDO). On 4 February 2010, President Islam Karimov issued a resolution “On Measures for the Implementation of the Project to Introduce Cogeneration Gas-Turbine Technology at the Tashkent Heat and Power Plant Open Stock Company”.

This suggests that the technical and technological renewal of the basic segment of the manufacturing sector, namely, the power industry, is an important element of the economic reforms being undertaken on the initiative of the head of our state. The investment projects being run in this area are directed at the further development of the energy capacities of our nation, at the modernization of industrial enterprises, introduction of resource-saving technologies, provision for a reliable and quality supply of consumers with electric and heating energy.

A bright confirmation to this argument is the project designed to introduce cogeneration gas-turbine technology at the Tashkent Heat and Power Plant (HPP), one of the leading suppliers of power and heat for housing and communal services sector and manufacturing enterprises of the capital city. This major and unique scheme envisages the construction of a 27.15-megawatt-capacity gas turbine outfitted with a generator and a steam utilizing boiler with production capacity of 47 tph. The introduction of modern technology of energy production on the base of gas-turbine facility allows for increasing the power generation, bolstering the reliability and efficiency of work of the Tashkent HPP, securing the guaranteed power supply to the residents of the capital.

As a result of commissioning the gas-turbine block, the power generation is going to increase by 228 million kilowatt-hours, which will allow for bringing the sum production of electric energy at Tashkent HPP up to 400 kilowatt-hours a year. The fuel saved in this context will be around 39 million cubic meters of natural gas per annum.

Foreign specialists have given a high appraisal to the successful realization of the model project in Uzbekistan, to the quality of organization of works on all phases of its implementation, as well as the intention for the further execution of joint investment projects and consolidation of cooperation between Uzbek and Japanese companies.

“We have been able to succeed in the completion of this model scheme jointly with Uzbek partners,” says Kazuo Furukawa, Chairman of the New Energy and Industrial Technology Development Organization (NEDO). “We express sincere gratitude to all specialists who have made this project possible. I would like to note in particular that Japan and Uzbekistan have a considerable expertise in economic and cultural cooperation. NEDO has been in the business of power saving projects for more than thirty years, and this venture is one of NEDO’s major schemes to date. This environmentally clean facility will not only raise the energy efficiency of the country, but also facilitate its saving. We hope that this scheme will help – along with the further development of Uzbekistan’s economy – boost the uninterrupted supply of electric power to the population.”

The undertaking has been realized for the funds of Uzbekenergo SSC, as well as grants of technical assistance worth 38 million US dollars provided by NEDO. The distinctive feature of the project is the cogeneration technology of joint production of electric and heat energy novel to the power industry of our country. It is ecologically harmless and safe, and meets the highest international standards.

The materialization of the model project benefited also from the participation of leading Japanese companies specializing in the construction of energy facilities and production of hi-tech equipment. Notably, the prime contractor and construction designer from the Japanese side has been the engineering company Tohoku Electric Power Co. Inc. – one of Japan’s major firms in building and commissioning energy facilities.

“We are infinitely thankful to our Uzbek partners for setting in motion their every effort and ability to make this project achievable,” noted Tomonori Inagaki, executive director, member of Board of Tohoku Electric Power Co., Inc. “This undertaking is of special importance to our company. The new technology is significant with its capability of stable provision of the population of Tashkent with electric power.”

The principal and auxiliary technological equipment that includes a gas turbine, a diesel generator and reduction gear, is manufactured and delivered by Hitachi, one of the world’s major multi-purpose corporations in the production of electric-technical and energy equipment. The gas compressor was supplied by the company KOBELCO, a leading Japanese producer of compressor machinery.

Notwithstanding the fact that the cogeneration technology at the base of gas-turbine unit is novel to Uzbekistan, the project was complete within record brief time frames. It took as little as 29 months for all the construction works to be finished and in strict adherence to requirements of Japanese standards. The construction has included the erection of main foundations of the gas-turbine unit, the utilizing boiler, as well as the installation of principal equipment.

In March 2013, specialists started works to test the installed equipment, which were completed in May this year. The commissioning and the launch process of the gas-turbine unit also engaged the specialists of Uzbek companies NP ESAN and ORGRES as well as the South Korean DKME. The well coordinated and highly professional joint work of Uzbek and foreign specialists has allowed for the conduct of a trial launch of the turbine on idle pass under a 20-percent workload on 1 July 2013. And the initial power energy from the gas-turbine unit to the united energy system of Uzbekistan was delivered as soon as July 28 of the current year.

The gas-turbine units have a range of advantages in that they are distinct with simplicity and complete automation. They are more compact and offer a high maneuverability. Transition to new power saving technologies is going to help raise the efficiency in the use of fuel, leading to the improvement of environmental situation around the Tashkent HPP owing to the reduction of rate emission of polluted substances per produced capacity unit.

Deputy Prime Minister of the Republic of Uzbekistan Ghulomjon Ibragimov delivered a speech at the ceremony.

(Source: UzA – Uzbekistan national news agency)

"UZBEKENERGO" ALLOCATED 250 BILLION SOUMS FOR THE AUTUMN-WINTER PERIOD

The National Press Center of Uzbekistan hosted a seminar on the preparation of the power system to a sustainable energy supply for consumers in autumn-winter period of 2013-2014.

It was organized by the State Joint-Stock Company UzbekEnergo.

Preparation of the power system for a sustainable energy supply to consumers is a daily and planned work of power engineers. Scheduled repair works of main power equipment are performed throughout the year.

However, based on the analysis and evaluation of the identified flaws and negligence during the previous autumn-winter period, additional measures are taken to improve the reliability of power supply.

As noted during the meeting, in order to fulfill the Resolution of the President of the Republic of Uzbekistan from July 5, 2013 "On measures to provide readiness of the economy sectors for a sustainable operation during the autumn-winter 2013-2014, UzbekEnergo issued on July 8, 2013, a decree and approved a set of concrete measures.

These measures are intended to provide timely and high-quality operation of the equipment, electrical and heating systems, buildings and structures and a stable power supply to consumers in the 2013-2014 autumn-winter period.

We must add that according to the schedule as of 20 August 2013, 6 power (-generating) units, 12 boilers, two turbosets, 5 hydraulic units, over 17.4 thousand km of all voltage transmission facilities and 5.7 thousand of transformers and distribution points have been repaired.

Over 1 million tons of coal is amassed to ensure stable operation of two coal-fired power plants - Angren and Novo-Angren TPP.

Main preparation works of the power system for the autumn-winter period 2013-2014 are to continue.

In addition, to be duly prepared for the period UzbekEnergo allocated some 250 billion soums from its own budget. To satisfy the population's need for electricity, electrical installations, switches, synchronous jack, compressors and other facilities have been fully refurbished - said the head of development prospects of energy of UzbekEnergo, Ravshan Ortykov.

Thus, the measures adopted by UzbekEnergo are aimed at ensuring the sustainable operation of the energy system and provide stable supply of electricity to consumers in accordance with the contractual obligations, as was noted at the meeting.

(Source: Uzdaily.com)

UZBEKISTAN HAS ESTABLISHED PROCEDURE FOR DETERMINING OF MONOPOLY PRICES OF SERVICES IN THE FINANCIAL MARKET

By the Resolution of the Cabinet of Ministers "On measures on improvement of antimonopoly regulation of the commodity and financial markets" from August 20, 2013 number 230, was approved Regulation on the procedure for determining of high monopoly and low monopoly prices in the financial services market.

According to the law a financial service is a service provided by banks and other lenders, insurers and other financial institutions, as well as the services of a professional securities market participants and other services related to the attraction, and (or) the placement of funds.Thus, in accordance with approved Regulations, the definition of monopolistically high prices and low monopoly services provided by a business entity or group of persons occupying a leading position in the financial market is carried out by the State Committee of the Republic of Uzbekistan on privatization, de-monopolization and Competition and its territorial bodies (competition authority).

Price of the service provided by a business entity or group of persons occupying a leading position in the financial market is a monopoly high if the price exceeds the average of the prices set by other business entities within the boundaries of the financial market, more than ten percent.

Monopolistically low price of services is the price set by a business entity or group of persons occupying a dominant position in the financial market, which does not cover the costs required to deliver the service, and is not intended for profit, which can result in a restriction of competition, exclusion of competitors from the market and other consequences that are contrary to competition law.

In identifying the presence and use of monopolistically high or low prices in the financial services market, the competition authority in the prescribed manner initiates a case and make a decision to eliminate the use of monopolistically high or low prices.

(Source: Uzdaily.com)

SENATE OF OLIY MAJLIS APPROVED CENTRAL BANK REPORT

On August 23, 2013 during the second day of the twelfth plenary session of the Senate of the Oliy Majlis (parliament) in accordance with the constitution, was hold a hearing of the Report of the Chairman of the Central Bank of the Republic of Uzbekistan F.Mullajanov on the activities of the Central Bank of the Republic of Uzbekistan in 2012.

It was noted that the activities of the Central Bank in 2012 were carried out in accordance with the Law "On Central Bank of the Republic of Uzbekistan" and are aimed to fulfill the tasks defined by the President of the Republic of Uzbekistan Islam Karimov at the meeting of the Cabinet of Ministers on the results of 2011 and priorities of socio-economic development for 2012, the Resolution of the Senate of the Oliy Majlis of the Republic of Uzbekistan "On the Chairman’s Report of the Board of the Central Bank of the Republic of Uzbekistan on the activities of the Central Bank of the Republic of Uzbekistan in 2011" and the Anti-crisis program for 2009-2012.

Within the specific priorities of the country's banking system in 2012, special attention was paid to further strengthening the stability of banks and the achievement of their high ratings. The implementation of measures on this issue has allowed to achieve the highest ratings in the banking system. So, in 2012, the capital adequacy ratio of the banking system is 3 times higher than generally accepted international standards. The current level of liquidity in the banking system is 2 times higher than the required minimum level.

Implementation of effective banking regulation, constant monitoring of liquidity and asset quality in accordance with international standards allowed commercial banks of Uzbekistan to receive positive ratings from leading rating agencies. Thus, the 28 commercial banks in the country have positive ratings with stable outlook, by such rating agencies as "Standard & Poor's", "Moody's" and "Fitch Ratings".

In 2012, the banks have implemented large scale operations to ensure an increase in competitiveness of the economy, to accelerate development of manufacturing industries and new high-tech enterprises. In 2012 total loans to the real sector of the economy increased by 30.5 percent compared to the last year. The share of loans for investment purposes increased by 1.3 times. Credits provided by domestic sources accounted for 85.8 percent of the total loan portfolio of commercial banks, and long-term investments for a period of more than three years have increased by 30.9 percent and accounted for 76.8 percent of the total loan portfolio.

During the discussion, it was noted that the efficient works on recovery of 120 insolvent enterprises, transferred to the balance sheets of commercial banks, contributed to the resume of production process and their privatization to strategic investors. This also enabled to create more than 25,000 jobs. These enterprises exported goods worth a total of $ 494.4 million. Loans exceeding by 1.3 times than in previous 2011 were allocated to support further development of small business and private entrepreneurship, in particular the amount of micro crediting increased by 1.5 times.

In order to attract foreign investments and loans to the national economy, in 2012, banks used credit lines of international financial institutions in the amount of $181.7 million, which is 1.3 times more than in 2011.

However, in their speeches members of Senate commenting on the Report drew attention to the importance of the role the Central Bank of the Republic of Uzbekistan in ensuring the stability and efficiency of the banking and financial system, and the implementation of activities under the State program "Year of well-being and prosperity", and made some suggestions to further improve the efficiency of its operations.

They also noted the need for further close interaction between the banking and financial system with public authorities and local governance in addressing the priorities of socio-economic development of the country, for continuing the consistent implementation of measures aimed at improving banking control, increasing the banks capitals, lending to high-tech industries , projects of modernization, technical and technological renovation of production, diversification of banking services, increase financial support for small businesses and private entrepreneurship.

In an interview to media, senator Abdumavlon Mahmudov, also the head of the farm "Baraka" in Sardoba district said: "The issues discussed at the plenary session of the Senate, are relevant to the socio-economic life of our country. This can be seen in the Report of the Central Bank for the year 2012. It should be noted that in the context of the ongoing global financial and economic crisis, the successive steps taken by the Head of State serve to effective implementation of the most important tasks, to build confidence and stability of the banking system, to achieve high ratings and to support the financing of the real sector of the economy.

Commercial banks in Syrdarya pay special attention to the support of small business and private entrepreneurship. In our region there are 32 branches of commercial banks. In 2012, 135.9 billion soums were lent to small business, including micro loans worth 34.8 billion soums. Due to these credits over than 11.5 thousand jobs were created. Most importantly, banks focus on qualitative change in the life of the population in rural areas, which makes us very happy".

(Source: Uzdaily.com)

SOCIETY

UNESCO DIRECTOR-GENERAL DELIGHTED BY THE NATIONAL LIBRARY OF UZBEKISTAN

UNESCO Director-General Irina Bokova visited the National Library of Uzbekistan after Alisher Navoi.

During the visit, the delegation had a guided tour of the Palace of Symposia and the National Library, equipped with modern information technologies, embedded in its daily activities, reports the website of the National Library of Uzbekistan after Alisher Navoi.

On the ground floor of the library, Irina Bokova visited the Museum of the book, where among the exhibits was the original manuscript by Abu Hassan al-Mavardi "Al-Ahqam as-Sultanniyah wa al-valayat ad-diniya," written in 1058 in Baghdad.

Irina Bokova also visited the Children's room of the library where visitors could leave their children while in the library, bookstore or Book Café, which has Wi-Fi service, and where one can rent netbooks and tablets with full-text publications. Afterwards, she became the honorary member of the National Library and underlined the quality and speed of service.

On the second floor visitors were shown spacious reading halls, equipped with modern computers, the information desks that allow users to learn about the latest activities of the library and finally the online and audio resources provided by the library.

Library’s high attendance rate by the youth marked the visitors.

UN resource room, which opened on August 12, 2013, was a pleasant surprise for the guests, in which visitors can get information on the UN activities in Uzbekistan and around the world and can access latest research materials of all UN agencies.

It should be noted that the UN Resource Room was initiated by the project "Social Innovation and volunteering in Uzbekistan", with which library collaborates in the framework of the Memorandum of Mutual Understanding between the National Library and the United Nations Development Program in Uzbekistan.

The guests also visited the reading room of foreign literature "Jahon", which has publications in 75 languages. It is widely popular among the users of the library, studying foreign languages.

UNESCO Director-General said that the National Library of Uzbekistan should serve as a standard model for the XXI century, where all the necessary conditions for the convenience of users.

In the end, Irina Bokova, has left an note in the guest book, expressing admiration for the modern library and the quality of the services provided.

(Source: UzReport.uz)

A FESTIVAL OF ARTS AND FRIENDSHIP

The ninth Sharq Taronalari (Melodies of the East) International Music Festival started in Samarkand on August 27.

Music is a great magnum opus of the human race, while song is a medium of spiritual communication between people. National melodies, songs and dances harbor the soul of a people, its sacrosanct thoughts and feelings; this is the very reason they pass from one generation to another.

Spearheaded by the initiative of President Islam Karimov, the Sharq Taronalari International Music Festival serves such a noble mission like the federation of friendship and cooperation bonds among peoples and encouragement of jovial feelings in the hearts of people through the medium of music. This festival of music, run every two years since 1997, serves as an important factor in promoting unique musical heritage and traditions of peoples over the world, in revitalizing the forgotten methods and schools and in boosting the international standing of our country.

Our national music art dates pretty far back into the antiquity. Notably, a bony nai (a wind instrument) made 3,300 years ago has been discovered in the village of Muminobod in Samarkand region’s Urgut district. On the other hand, musicians and singers are depicted on the world-famed frescos of Afrosiyab. The understanding of the philosophical and aesthetic significance of music by our great forefathers also epitomizes the ages-old musical traditions of our people.

Abu Nasr Farabi led a profound study of the origins of sounds, harmony and rhythm in his multivolume work “Misiqa haqida katta kitob” (A Large Book of Music). With the help of various tables and schemes, he outlined rules for performing melodies with instruments like rubab, tanbur, kettledrum, harp, psaltery, nai.

In his “Canons of Medical Science”, Abu Ali ibn Sino pointed out that the treatment of cardiac and neural diseases with music yields a remarkable effect. The contemporary method of music therapy is built currently on that principle.

Komil Khorezmi invented Khorezmian notes which he used to write down his introduction to the maqom “Rost”. His volume “Tanbur chiziqlari (Tanburi Lines) includes invaluable information on the history and theory of national music.

Along with all spheres of science and culture, the music and song art was dreadfully advanced in the Amir Temur epoch. Samarkand used to gather the most celebrated musicians, singers and poets, host poetic contests (mushoira) and musical soirees. In his “Zafarnoma”, the renowned historian Sharafiddin Ali Yazdi wrote thus, “singers endowed with good voice used to sing songs and recite ghazels. Some displayed their talents in Turkic, while some others demonstrated it in Mongolian, Chinese, Farsi, Arabic…”

Following nearly six centuries, this tradition has acquired a second birth by the initiative of President Islam Karimov in the form of the Sharq Taronalari International Music Festival. And today, Samarkand draws together the musicians from both the East and the West who familiarize the participants and guests of the carnival with an incomparable national musical culture of their own peoples.

…In Samarkand’s Registan Square, at 7 pm of August 27, ancient minarets and blue domes are iridescent. The beauty of magnificent monuments affords the event with an expressly festive mood and spirit of grandeur. The imposing amphitheater on the square is overcrowded with spectators who have flowed here for the opening ceremony of the traditional Sharq Taronalari International Music Festival. They include participants of the gala and guests, art figures and amateurs, music academics, foreign journalists and tourists.

The ceremony attendees welcome the President of Uzbekistan Islam Karimov with a storm of applause.

Karnai and surnai melodies fly over the Registan. The floor is given to President Islam Karimov.

Greeting the participants and guests of the 9th Sharq Taronalari International Music Festival, the head of our state underscored the essence and significance and the important role of the fete in cementing the peace and harmony among peoples and the world in general, and wished the participants of the festivity every success in their creativities.

The UNESCO Director General Irina Bokova, who spoke at the occasion, noted that a particular significance is attached in Uzbekistan to the promotion of culture and arts, and that the Sharq Taronalari Festival, organized by the initiative of President Islam Karimov, is a bright confirmation to that attention.

Under the sounds of fanfares, participants of the festival – artists from 52 nations of the world – rise to the arresting stage.

Eye-catching works have been marshaled in Uzbekistan during its independence years in the thorough study and promotion of the national music art. The list of erected facilities includes the building of the State Conservatory of Uzbekistan, dozens of theaters and culture palaces, colleges and lyceums teaching arts. The folklore of Boysun, the shashmaqom, katta ashula, Navruz – masterpieces of world culture – are included in the UNESCO World Intangible Heritage List.

In line with the Resolution of President of the country “On State Program for Consolidating the Economic and Technical Capacities and Bolstering the Activities of Children’s Music and Arts Schools for 2009-2014” signed 8 July 2008, music education has been consistently advancing and refining.

Review contests “Yagonasan, muqaddas Vatan”, “Nihol”, “Kelajak ovozi”, “Yangi avlod”, “Mardu maydon” and the like facilitate the discovery and demonstration of talents by the youth of Uzbekistan. The Asrlar Sadosi International Festival displays a harmonic combination of traditional spiritual heritage and the contemporary art of our nation.

Music is a potent force capable of uniting diverse nations and peoples irrespective of their language, religion, traditions and customs. As the head of our state notes, the Sharq Taronalari Festival urges every person to be kind and compassionate and reinforce the spirit of community and unity.

This festival is built on these very universal values, owing to which it has been attaining a growing popularity and acknowledgement in the world community. The fete has earned a worthwhile place in the range of major music forums across the globe. It is brilliantly confirmed by the steadfast rise in the number of participant countries and persons, representatives of international organizations, celebrity art figures. In particular, the initial festival in 1997 gathered representatives of 31 nations, while the current festival has grouped art connoisseurs from 52 countries of Asia, Africa, Europe and America. The pageant is held under UNESCO (The United Nations Educational, Scientific and Cultural Organization) – indicative of its high status and standing.

The feast also serves to discover new names in arts, to invigorate creative search, exchange views and expertise. A variety of cultural events organized as part of the fete, notably the academic conference “Music Traditions of the East in the System of Contemporary Arts”, open wide opportunities for that.

Along with this, the forum demonstrates the richness and individuality of the music art of our people to the world as well as the economic and tourist potential of Uzbekistan.

In addition to performances on the main stage at the Registan Square, the festival participants also are expected to present their contest shows and hold meetings with art lovers in the city’s amphitheaters like Mujiza, Nihol, Yoshlik Leisure Park, in Samarkand, Pastdarghom, Jambai and Akdarya districts.

Participants and guests of the music forum are to visit unique historical monuments in Samarkand, as well as oriental bazaars that epitomize the legendary charm of the East, and familiarize with the creative works undertaken during independence years.

Theatrical-like show at the opening ceremony of the international music festival has been said to have impressed the participants and guests of the feast to the end. The occasion was also aired to a number of foreign nations through satellite.

(Source: UzA – Uzbekistan national news agency)

UZBEK MARTIAL ART IN THE UNITED STATES

Masters of the Uzbek Jang San’ati (Uzbek Art of Combat) have upheld the honor of our country with dignity at the 16th International Festival of Martial Arts in the American city of Orlando.

As a result of the steadfast efforts spearheaded under the leadership of President Islam Karimov to revive and promote our national values, the Uzbek Jang San’ati has been earning wide acknowledgement at the international scale as an effective means of physical and spiritual advancement.

Our athletes, who have for the past years performed at international tournaments in countries like France, Italy, Spain, Russia, Lithuania and South Korea, have now demonstrated the Uzbek Jang San’ati over the ocean. The impressive performances by Uzbek athletes under national motifs were met with a storm of applause by both spectators and specialists.

Our compatriots, who have succeeded at the international tournament that was held as part of the festival, have earned 5 gold, 4 silver and 8 bronze medals in single and team performances. The jury specifically appreciated the mastery of our athletes like Humoyun Farmonov, Azamat Abduraimov, Komil Shukurov, Shohrukhmirzo Mamajonov, Nodir Jumaev, Setora Nishonova, Maftuna Khudoyorova, Maftuna Zoirova, Nargiza Khayrullaeva and Gulbahor Ashurova.

(Source: UzA – Uzbekistan national news agency)