The European Bank for Reconstruction and Development (EBRD) says it is supporting micro, small and medium-sized businesses and improving access to finance for young entrepreneurs in Uzbekistan by providing a financial package of up to US$ 20 million (€18.8 million) to a major private lender, Ipak Yuli Bank. The package consists of a US$ 10 million loan under
Significant steps towards expanding relations between Kazakhstan and Uzbekistan were made within the framework of the III Tashkent International Investment Forum on May 2-3, the Ministry of Foreign Affairs of Kazakhstan reported. Deputy Minister of Foreign Affairs of Kazakhstan Nazira Nurbayeva spoke at the event, saying that last year, the trade turnover between Kazakhstan and Uzbekistan reached
The European Bank for Reconstruction and Development (EBRD) on May 2 said it is contributing to the development of sustainable transport connections in Central Asia by financing the upgrade and expansion of a key transportation route in Uzbekistan. The EBRD’s sovereign loan of up to US$ 238 million (€224 million) will help rehabilitate around 81 km of
Speaking at the Third Tashkent International Investment Forum on May 2, President of Uzbekistan Shavkat Mirziyoyev said that in the past few years, Uzbekistan has attracted over 60 billion dollars in foreign investments, and more than 14 billion dollars from international financial institutions have been directed to social and infrastructure projects. The volume of foreign
The European Union on April 25 granted EUR 6 million to the Government of Uzbekistan to help incentivize the adoption of National Food Security and Healthy Nutrition Strategy. In addition to the grant, technical assistance funded by the European Union will support the Ministry of Agriculture in planning reforms, the Delegation of the European Union
U.S. Ambassador to Uzbekistan Jonathan Henick presented 50 CT-40 inspection tool kits valued at over $700,000 to the Customs Committee of Uzbekistan. Chairman Akmalhoja Mavlonov accepted the equipment on behalf of the Committee. The equipment purchased by the Department of State’s Nonproliferation and Disarmament Fund, with support from the Export Control and Border Security (EXBS)
The English Speaking Nation (ESN) program has successfully trained more than 18,000 English teachers across Uzbekistan, boosting the language skills of and ensuring high quality English instruction for the nation’s secondary school students. The four-year, $7 million program culminated in a festive closing ceremony in Tashkent on April 20, the U.S. Embassy in Uzbekistan reported. Launched
The European Union, an EU Consortium under the leadership of GIZ, UNDP Uzbekistan and the Anti-corruption agency of Uzbekistan have launched the Action “Improving Governance in Uzbekistan”, aimed at bolstering the nation’s anti-corruption efforts, the Delegation of the European Union to Uzbekistan reported. Funded by the European Union, the Action will be carried out by
During his state visit to Tajikistan on April 18, the President of Uzbekistan Shavkat Mirziyoyev held talks with the President of Tajikistan Emomali Rahmon, and the two leaders signed a Treaty on Allied Relations between their countries. Mirziyoyev said that Tajikistan is the closest, most reliable and time-tested strategic partner of Uzbekistan. “The fraternal Uzbek
Kazakhstan’s Ministry of Energy has announced that the draft Agreement between the governments of Kyrgyzstan, Kazakhstan, and Uzbekistan on the joint implementation of the project for the construction and operation of Kambarata hydroelectric power plant (HPP)-1 has been posted on Kazakhstan’s official Internet portal, Open Legal Acts, for public discussion. The Agreement determines the terms
