On February 18-20, a delegation of the Uzbek Ministry of Investments and Foreign Trade, headed by S. Umurzakov, visited Munich on a working visit and met with the Adviser to the Minister-President of Bavaria/Head of Europe, International Relations, Mass Media Department of the State Chancellery Dr. Thomas Gruber for the implementation of the road map of the visit of the President of Uzbekistan to Germany.
The parties also discussed the ways to expand trade, economic and investment cooperation between the two countries, as well as the prospect of organizing an official visit by the Minister-President of Bavaria Markus Zeder to Uzbekistan in March.
Moreover, on the mutual initiative , “Days of Uzbek Economy” will be organized in Munich in spring and other cities of Bavaria to be attended by many businesses, as well as state-owned companies from Uzbekistan and German investors to hold presentations on Uzbekistan’s investment potential and to conduct targeted B2B meetings and talks, and after that, the Days of Bavaria Economy will be held in Tashkent.
Also, in accordance with the request of the Uzbek side, an agreement was reached on close cooperation within the initiative to attract Bavarian experts and highly qualified managers to exchange experience in clustering.
New investment initiatives were prepared with EAB New Energy and Ventus Engineering (wind power), Bio Gen Ltd (food waste processing), Lemken and Same Deutz-Fahr Germany GmbH (agricultural machinery), City Box (innovative solutions in urban urbanization) - in the near future, the management and engineering staff will arrive in Uzbekistan to study the technical and economic issues for the implementation of projects.
Notable was the meeting with the director of Deutsche Lufthanza AG, with whom was discussed the possibility of opening direct flights between Germany and Uzbekistan, including using code-sharing schemes.
At the same time, negotiations were held with the leadership of Credit Suisse, a Swiss bank, on a number of projects, including the introduction of a mechanism for pre-export financing, the opening of additional credit lines for Uzbek commercial banks, and the financing of social housing construction programs.
