Friday, 21, February, 2020

Finances

The EBRD achieved a new record in Uzbekistan in 2019 with an annual investment of US$ 576 million (€517 million) through 13 private and public sector projects – an all-time high for the Bank in the country.

The Hyatt Regency Tashkent hotel will be privatized through the funds by The Abu Dhabi Uzbek Fund, Shavkat Mirziyoyev announced at the government meeting devoted to the implementation of agreements reached at visits to the United Arab Emirates and Japan.

The controlling stake in Asia Alliance Bank set to be sold to Japanese Sawada Holdings, it follows from the Dec. 28 presidential decree, signed following the official visit by Shavkat Mirziyoyev to Japan last December.

By the end of 2019, the total nominal value of securities issued in Uzbekistan is at 92.35 trillion soums. Of these, only 1.5% or 1.4 trillion soums, or less than 0.4% of GDP, is in free circulation.

Ernst & Young has been awarded a license of investment advisor in Uzbekistan and can operate as a licensed actor in securities markets.

President Shavkat Mirziyoyev instructed to unify regulations in the field of the capital market by the end of 2020, the Deputy Head of the Capital Market Development Agency, Sherzod Egamberdiev announced today.

Many accords were signed during the official visit of Shavkat Mirziyoev to Japan. In particular, Japan will provide 346 million yen (US$ 3.2 million) in a grant to improve the quality of life of households in the Aral Sea region.

The Japanese Prime Minister, Shinzo Abe at the press briefing told that Japan will provide yen loans for a number of projects in Uzbekistan, in particular for the construction of a new high energy-efficient thermal power plant in Navoi, (Navoi-3 CCPP) as part of the Navoi TPP Modernization Program.

Minister of Public Education Mr. Sherzod Shermatov and Deputy Country Director of Asian Development Bank’s (ADB) Uzbekistan Resident Mission Mr. Enrico Pinali have signed an agreement for ADB to advise on a public-private partnership (PPP) to help rehabilitate and construct public schools in Sergeli district of the capital city, Tashkent.

The Deputy Director of the Institute for Strategic and Interregional Studies think-tank under the President, Sanjar Valiev believes that it is necessary to accelerate the process of the Uzbekistan’s accession to the World Trade Organization (WTO).