The European Bank for Reconstruction and Development (EBRD) has welcomed plans by a series of new investors to inject up to $110 million into Uzbekistan’s leading food retailer, Korzinka. In one of the largest private investments in the country in recent years, Abu Dhabi Uzbek Investment, and a consortium of Omani Sovereign investment funds, led
Central Asia and the European Union are linked by deep historical roots, coinciding interests, and a common desire for close partnership, Uzbekistan President Shavkat Mirziyoyev said in an exclusive interview to Euronews on the eve of the first Central Asia-European Union summit in Samarkand on April 3-4. According to Mirziyoyev, the Central Asia-European Union format of cooperation
A delegation from Uzbekistan, led by Minister of Investment, Industry, and Trade Laziz Kudratov, participated in the first meeting of the Joint Economic Committee, the “Uzbekistan Investment Potential Days” event with British business representatives, and several high-level meetings with executives of leading UK companies in London, the Uzbek government portal reported. During the Committee meeting,
On March 31, a trilateral meeting was held between the President of Kyrgyzstan Sadyr Japarov, the President of Tajikistan Emomali Rahmon, and the President of Uzbekistan Shavkat Mirziyoyev in the Tajik city of Khujand. The presidents signed the Treaty between Kyrgyzstan, Tajikistan, and Uzbekistan on the junction point of the state borders of the three
On March 29, the Ministry of Investment, Industry and Trade of Uzbekistan held a briefing on the upcoming Tashkent International Investment Forum, one of the most significant international events in the country’s economic landscape. Minister of Investment, Industry and Trade Laziz Kudratov announced that the IV Tashkent International Investment Forum will take place from June
The following article by Roger Holland, Founder & Managing Partner of a leading property advisory firm, published in the latest issue of OCA Magazine, provides an insight on Central Asia’s growing real estate market: For many, the housing and wider real estate markets have had a miserable year. Interest costs have increased alongside inflation of
According to the World Bank’s representative office in Uzbekistan, Tashkent recently hosted a presentation of the World Bank’s new report analyzing current migration trends, challenges, and opportunities in the Europe and Central Asia region. The report highlights that labor migration remains one of the key sources of income for millions of citizens in Central Asian
On March 27, Uzbekistan President Shavkat Mirziyoyev listened to a government report on the fulfillment of tasks aimed at the development of nuclear energy in the country. Over the past five years, due to the implementation of a number of major energy projects, electricity production in Uzbekistan has increased by 30 percent and reached 81.5
The European Union and the five Central Asian countries reaffirmed their strong political commitment to strengthening engagement and deepening cooperation during the 20th EU-Central Asia Ministerial meeting, chaired by the EU High Representative for Foreign Affairs and Security Policy, Kaja Kallas, on March 27 in Ashgabat. The Foreign Ministers of Tajikistan, Turkmenistan, and Uzbekistan, as well as Deputy
The Afghan Ministry of Mines and Petroleum says that the largest investments in Afghanistan’s mining sector have been made by companies from Uzbekistan, China, Turkey, and Iran, TOLOnews reported. Hayatullah Afghan, spokesperson for the Ministry of Mines and Petroleum, stated that the total value of these investments is estimated at $8 billion. These companies have
The U.S. Embassy in Tashkent has announced the establishment of Honeywell Industrial Automation LLC, a new legal entity that marks a significant milestone in the United States’ commitment to mutually beneficial commercial ties with Uzbekistan. This expansion underscores the United States’ position as a business partner of choice and highlights American excellence in advanced industrial
Navruz originated in Central Asia and a number of Eastern countries in ancient times, when Zoroastrianism reigned here. Gradually, it acquired its own forms and outlines. It was enriched by new customs, rituals, and the experience of everyday life and it turned into a tradition. The answer to the question about the age of Navruz
From March 14 to 20, the Uzbek Ministry of Investment, Industry, and Trade organized the second monitoring visit of the European Commission delegation to Uzbekistan as part of the GSP+ system. In April 2021, Uzbekistan was granted beneficiary status under the Generalized System of Preferences Plus (GSP+). This status allows the country to export more
An educational and amusement theme park, SilkRoadLand, may appear in Uzbekistan, becoming the world’s first oriental edutainment park and an attractive tourist destination. The following article by Taina Kaunis, originally published in the latest issue of OCA Magazine, reveals the details of this fascinating project: The modern world, despite certain economic and political tensions, supports
On March 19, Uzbekistan’s Minister of Investment, Industry, and Trade Laziz Kudratov held a meeting with Timothy Smart, the Ambassador Extraordinary and Plenipotentiary of Great Britain to Uzbekistan. The discussion focused on key issues related to trade, economic, and investment cooperation, as well as the coordination of the event schedule for 2025. The parties emphasized
The strong partnership between Uzbekistan and the EU has been further deepened during European Commissioner for International Partnerships Jozef Síkela’s visit on March 18, with a strong focus on advancing Global Gateway cooperation. The visit focused on expanding digital connectivity, promoting sustainability and job creation through critical raw materials and developing the Trans-Caspian Transport Corridor to
Uzbekistan’s Fergana Region Governor Khayrullo Bozorov met with a delegation led by Chinese investor Yuan Yanping to discuss plans for launching a tractor manufacturing project in the Kuvasoy Industrial Zone. The project, with a total investment of $100 million, will begin its first phase with a $30 million investment. As part of this initiative, the
A presentation of the new 54th issue of OCA Magazine was held in London on March 8th as a part of the Navruz celebration. The event brought together representatives of creative professions and diplomats from the embassies of Central Asian countries. The new issue of the magazine focuses on the economic issues of the region
On March 11, Tashkent hosted the “High-Level Policy Dialogue: Scaling up Financing and Investment for Environmental Goals in Central Asia,” organized by the Ministry of Ecology, Environmental Protection and Climate Change of Uzbekistan, the Federal Ministry for the Environment, Nature Conservation, Nuclear Safety and Consumer Protection of Germany (BMUV), the European Bank for Reconstruction and
On March 12, President of Uzbekistan Shavkat Mirziyoyev paid a state visit to France and held talks with President Emmanuel Macron. Following the talks, Mirziyoyev and Macron adopted a Joint Declaration on the establishment of a strategic partnership between the two countries. Uzbekistan and France also adopted a Cooperation Program in the investment and innovation
