The first Uzbek-Turkmen interprovinceal forum was held in Bukhara yesterday ahead of the state visit of the President of Turkmenistan to Uzbekistan, the Ministry of Investment and Trade reported.
According to the State Statistics Committee, as of July 1, 2022, the number of foreign-invested enterprises registered in Uzbekistan topped 14,353.
The Uzbek-Korean business forum, which started two days ago, continues in Tashkent, organized by the Uzbek-Korean business association, the Ministry of Investments and Foreign Trade and the Embassy of Uzbekistan to the Republic of Korea.
Accor, a world leading hospitality group, will open three new hotels under premium brands in Uzbekistan thanks to the signing of a cooperation agreement with Hyper Group of Companies. The signed memorandums provide for the opening of Mövenpick Samarkand and Swissôtel Tashkent following the rebranding and renovation of the existing hotels, as well as the construction of the new Swissôtel Charvak hotel in Navobod village, Tashkent region. The total room capacity of three hotels will amount to more than 500 rooms, scheduled to open in the coming years.
On July 4, the Prime Minister Abdulla Aripov hosted the French business delegation of MEDEF International. According to the Prime Minister's press service, the parties discussed the ways to advance cooperation in trade, economic, investment, energy, transport, infrastructure and a number of other areas.
In the backdrop of massive sanctions, Russian restaurateurs are preparing to establish closer ties with Uzbek producers of vegetables, fruits, textiles and wine, announced the President of the Federation of Restaurateurs and Hoteliers of Russia Igor Bukharov.
Officials of the Ministry of Finance, the Ministry of Investments and Foreign Trade, the State Assets Management Agency, together with the senior executives of Indorama Corporation and The Coca-Cola Company, discussed expanding the privatization program in Uzbekistan.
In a first, a private trader in India has exported commercial goods to Uzbekistan through Pakistan and Afghanistan in a historic trade activity linking the four countries, according to a media report.
With the support of the German Federal Ministry of Food and Agriculture (BMEL) and the assistance of IFWexpo Heidelberg GmbH, a score of major German manufacturers will feature at the German national stand Made in Germany in the international food exhibition UzFood 2022 in Tashkent.
Alisher Usmanov's company sold shares of Kapitalbank, with commercial terms not disclosed. According to the bank, the USM holding, which is owned by Russian billionaire Alisher Usmanov, has entered into a deal to sell 100% stake in Telecominvest LLC (RF) and FINANCE TCI LLC (Uzbekistan), jointly owning 61.54% stake in Kapitalbank.
Businessman Rauf Kamiljanov purchased another 45.73% stake in Savdogar Bank on the stock exchange on February 24. In six transactions, Rauf Kamiljanov bought 594.53 million securities of the bank against 71.3 billion soums, or US$ 6.8 million - 120 soums per share.
Portfolio Manager at Fusion Wealth Management (Hong Kong) Michael McGoughy called the deal on the privatization of Kyzylkumcement listed on the Republican Stock Exchange as non-transparent. He wrote about this on his page in Linkedin.
The Ministry of Investments and Foreign Trade (MIFT) and the Russian biotechnology company Geropharm signed an agreement in Moscow on February 1 to start developing an insulin production unit project, the press service of the MIFT reported.
The President signed the Additional Measures To Develop the Service Sector Decree which identified priority areas for the development of the services sector.