Investa

#Uzbekistan President and Federal Chancellor of #Germany Olaf Scholz Held a Meeting with Representatives of the Businesses of the Two Countries on 16 September in Samarkand. The event was attended by the Parliamentary State Secretary of the German Ministry of Economic Affairs and Climate Protection Michael Kellner, Managing Director of the Eastern Committee of German Economy Michael Harms, heads and representatives of leading companies Knauf, CLAAS, Mangold Consulting GmbH, GP Günter Papenburg AG, Siemens Energy, Linde Group, Aurubis, Falk Porsche Fiberglass, Metso, Edison Technologies, Ernst Klett, Siemens Healthineers, Herrenknecht AG, DB Engineering & Consulting, SVEVIND Energy Group, Rhenus Logistics, HMS Bergbau AG, TEXTIMA Export Import GmbH, as well as banks KfW Development Bank, AKA Bank and others. It was emphasized that the main results of the meeting were agreements on the development of a set of measures to support and accelerate joint investment projects and trade contracts within the framework of the adopted strategic Industrial and Technological Partnership Program with leading companies and banks of Germany. Priotity areas for cooperation - industrial cooperation in the field of #greenenergy, #chemicals, #greenhydrogen, #mechanicalengineering, #electricalengineering, #textiles, #pharmaceuticals and other areas. In addition, a promising area is the participation of German companies in the development of deposits of #criticalmineral resources and their deep processing, the production of products with high added value, with subsequent export to Germany and to the markets of third countries. Among the main areas are the modernization of #energy, #transport and #communications, #utilities, #tourism infrastructure, participation in the #privatization program of industrial and service enterprises, as well as the implementation of socially significant projects in the field of #healthcare, #education and #environment in Uzbekistan. During the meeting, the President of Uzbekistan specifically focused on the importance of establishing a close partnership between German business and representatives of large Uzbek companies. In this context, the importance of developing new project initiatives and continuing the implementation of joint projects in the field of production of #buildingmaterials, #metallurgy, #energy, #chemicals, #transport infrastructure, #agriculture and mechanical engineering, #medicine and others was emphasized... https://lnkd.in/dn-6ex_Y Sardor Koshnazarov #emergingmarkets #investing

#Uzbekistan: On September 8-10, 2024, Samarkand will host a joint conference of two major international textile federations: the ITMF - International Textile Manufacturers Federation (ITMF) Annual Conference and the IAF: International Apparel Federation (IAF) World Fashion Convention. The event, titled "Innovation, Cooperation & Regulation - Drivers of the Textile & Apparel Industry," will focus on the key factors shaping the future of the industry. #textiles #garments #apparel #cotton #fashion https://lnkd.in/ehAQKx2d

TBC Bank #Uzbekistan Secures $25M from BlueOrchard Finance Ltd to Boost #DigitalBanking. "This new influx of capital will be channelled towards expanding TBC UZ’s comprehensive digital ecosystem. Specifically, the funds are earmarked to grow the bank’s loan portfolio and to promote broader financial access across Uzbekistan, which is the most populous country in Central Asia. This funding initiative is part of TBC UZ’s ongoing efforts to diversify its financial sources and follows a previous $10m credit facility it secured from responsAbility Investments AG earlier in the year." more: https://lnkd.in/dKKanqhm

#Uzbekistan:  Asian Development Bank (ADB) Has Launched a New Country Partnership Strategy for Uzbekistan Covering 2024–2028 that Will Support the Country’s Reforms to Transform into a #Green and #Inclusive Economy. "The new strategy envisages ADB interventions in a range of sectors including #energy, #publicsector management and #governance, #finance, #transport, #agriculture and #naturalresource management, and #urbandevelopment. The bank will also support development in #education and #socialprotection." more: https://lnkd.in/dzsbmDr5 Sardor Koshnazarov #greeneconomy #ESGfinance #Greenfinance #ESG

#Uzbekistan: Pensions, Salaries Will Increase 15% Starting 1 September/1 October- Presidential Decree. Starting from September 1, 2024, pensions and benefits will be increased by 15%. Specifically: - The basic amount for calculating pensions will be set at 428,000 UZS per month; - The minimum old-age pension will be set at 834,000 UZS per month; - The minimum disability pension will be set at 920,000 UZS per month. tarting from October 1, 2024: - The salaries of medical workers in budgetary organizations, as well as teaching staff working in preschools, general education, secondary special, professional and extracurricular educational institutions, "Muruvvat" boarding houses, orphanages, and children's sanatoriums, will be increased by 15%; - The salaries of other employees in budgetary organizations will be increased by 10%; - The minimum wage will be set at 1,155,000 UZS per month; - The basic calculation amount will be set at 375,000 UZS. more: https://lnkd.in/dBe8qthk Sardor Koshnazarov

#Uzbekistan: Government Announces Tender for Management and Modernization of Urgench International Airport. The managing company will be required to modernize the airport using the "build — operate — transfer" (BOT) model. The project plans include the construction of: • A new runway 3,500 meters long, the main taxiway, two auxiliary taxiways, and two connecting taxiways; • A passenger terminal of 39,000 square meters, with a capacity of 1,000 passengers per hour for international flights and 300 passengers for domestic flights; • An administrative terminal; • A cargo terminal; • A hangar for special equipment; • A catering complex. More: https://lnkd.in/dAvJtd9A Sardor Koshnazarov #airports #logistics #travel #airlines #aviation

Central Bank of Uzbekistan Cut Key Interest Rate 50 bp to 13.5%. more: https://lnkd.in/duduJbH4 Sardor Koshnazarov #Uzbekistan #banking #banks #fixedincome #currencies #bonds #bondmarket #emergingmarkets #investing

#Uzbekistan: #ForeignTrade up+ 8.5% y-o-y, #Exports +5.5%, #Imports +10.6% in 1H2024. TOP-20 Foreign Trade Partners, Jan-Jun, 2022-24, $ million 5 Largest Trade Partners: 1. #China, 2. #Russia, 3. #Kazakhstan, 4. #Türkiye, 5. #SouthKorea. Trade deficit expanded to $5.8 billion in 1H2024 (vs $4.7 billion in 1H2023). Sardor Koshnazarov #trade

Uzbekistan: State Assets Management Agency Announces the start of the #Privatization of 100% state share in Oil & Gas Construction and Installation Firm “Neftgazmontaj“ LLC. Deadline for Expression of Interest: 27 August 2024. Authorized capital: US$ 4.3 million Sardor Koshnazarov #oilandgas #oilandgasservices #construction #installations #acquisitions #mergersandacquisitions #investing

#Uzbekistan: State Assets Management Agency Announces the Start of the #Privatization of 100% State Share in #Auto #Glass Producer "Avtooyna“ LLC. Deadline for Expression of Interest: 27 August 2024. Sardor Koshnazarov #investing #carmanufacturing #glassmanufacturing #glassindustry #automotive #autoparts #acquisitions #mergers #mergersandacquisitions #investing #emergingmarkets