The Uzbekistan Ministry of Energy jointly with the World Bank (WB) have announced a call for bids for the construction of two PV stations with a capacity of 200 MW each in Samarkand and Jizzakh provinces.
The first Tashkent International Investment Forum was due to take place between March 5-6, but now it will take place in fall “presumably”, a source in the government told the Tashkent Times.
Consumers in Uzbekistan will benefit from more choice thanks an expansion of the country’s leading food chain Korzinka, which is being supported by the EBRD with the Bank’s first equity investment in the country for a decade. This is a sign of growing investor confidence in the industry and in the country.
The main concern for Uzbekistan is the high inflation, Deputy PM/ Finance Minister, Jamshid Kuchkarov said at a meeting of the International Press Club Saturday.
Uzbekistan is considering handing over the controlling stake in the Republican Stock Exchange (UZSE) to Korean partners, the Capital Market Development Agency (CMDA) said.
The Minister of Investments and Foreign Trade, S. Umurzakov met with the new vice president of the Asian Infrastructure Investment Bank (AIIB), K. Limitovsky, for whom the trip to Uzbekistan was the first official visit since the appointment.
World Bank Vice President for Europe and Central Asia, Cyril Muller, welcomed the Government of Uzbekistan’s progress in transforming the economy and pledged the institution’s continued support for further reforms. Visiting Tashkent on January 16-17, he met with President Shavkat Mirziyoyev and senior government and parliamentary officials.
The volume of investment amounted to 220.7 trillion soums, or US$ 23 billion in 2019, exceeding the target by 2 times, while the volume of fixed investment amounted to 189.9 trillion soums, or US$ 19.8 billion, a 1.3 times year-to-year increase, the Ministry of Investment and Foreign Trade said.