Investa

Russian #Gas Exports to #Uzbekistan Exceed 5 Billion Cubic Meters Since October 2023 - Russian Foreign Ministry Spokesperson more: https://lnkd.in/dpJFGTmY #energy #naturalgas #powersector #energysector #electricity #Russia

#Uzbekistan: #UAE's Bond Investments Fully Acquires Poytakht Bank for $10 Million. The State Assets Management Agency (SAMA) confirmed that the transaction was finalized with a one-time payment arrangement. more: https://lnkd.in/eYSNpNiW Sardor Koshnazarov #banking #emergingmarkets #mergersandacquisitions #acquisitions #privateequity #assetmanagement #investmentmanagement #investing #UnitedArabEmirates

#Uzbekistan: TBC UZ Secured $10 Million Credit Facility from Switzerland-Based Impact Asset Manager responsAbility Investments AG. This is the third credit line agreement between the two entities, bringing the total funding for TBC Uzbekistan from responsAbility to $35m. The funding will support TBC UZ’s loan portfolio growth, help the digital bank further diversify its funding base, and promote financial inclusion in Uzbekistan, Central Asia's most populous country. more: https://lnkd.in/dQECN2UH Sardor Koshnazarov #banking #investing #emergingmarkets #impactinvesting #digitalbanking #onlinebanking #fintech

#Uzbekistan: Demand for Electricity in Uzbekistan Will Steadily Grow 7.5% per annum - Minister of Energy, Jurabek Mirzamakhmudov[29 Sep] "We plan to increase the share of #renewableenergy sources to 40% [of total energy balance]. Currently, the share of renewable energy sources in total generation already reaches 10%, by the end of the year we will increase it to 15%. About 2.5-3.5 GW of renewable energy sources will be introduced annually.. If now, by the end of this year, our #thermalpower plant capacity will be more than 14 GW, then by the end of 2030 we will increase their capacity to 18.5 GW. We are balanced taking into account the development of all energy sources. There are more than 300 days of sun, there is a good wind flow - it would be a sin not to use it... This year we are introducing the first 300 MW #energystorage system. By 2030, it is planned to [increase the capacity] of storage systems to 4.2 GW. Along with this, it is planned to implement a project to build pumped-storage power plants, that is, to use #hydro potential. I would also like to note that 100% of projects in the field of renewable energy sources are implemented through foreign direct investment" Sardor Koshnazarov #energysector #powersector #solarenergy #windenergy #projectfinance #ESG #PPP

Central Bank of Uzbekistan Accredited Representative Office of The Export-Import Bank of China, first bank from #China. The rep office's purpose is to "study the country's #financialmarket and establish cooperation with government agencies and commercial #banks". In January, Uzbekistan's President Mirziyoyev met with Chairman of the Eximbank of China Wu Fulin. They then discussed the Chinese bank's plans to open a regional office in Tashkent. The portfolio of joint projects with Eximbank exceeds $3.5 billion. The parties are developing new promising projects to develop #transport and social #infrastructure, #industry and the #privatesector. Sardor Koshnazarov #banking #financing #exports #imports

#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