French water and waste management giant SUEZ has signed its first contract in Uzbekistan—a “flagship” EUR 142 million agreement with the Municipality of Tashkent and the Uzbek Ministry of Housing and Communal Services.
All by Esfandyar Batmanghelidj
Global investors cite optimism for Uzbekistan post COVID-19
A poll conducted during a recent Eurasian Investor webinar revealed an optimistic outlook for the Uzbek economy post COVID-19. Of the 123 respondents, 77 percent believed that Uzbekistan will be “more attractive” as a destination for foreign investors when “compared with other frontier and emerging markets.”
Facing COVID-19 crunch, Uzbekistan seeks end to cotton boycott
The government of Uzbekistan has called for the lifting of a decade-long boycott of Uzbek cotton, citing recent progress in human rights reforms and also the economic crisis caused by the COVID-19 global pandemic.
Uzbek supermarket chain bags $40 million EBRD investment
Uzbekistan’s leading supermarket chain has received preliminary approval for a $40 million dollar investment from the European Bank for Reconstruction and Development (EBRD), the largest such equity investment by EBRD in an Uzbek private sector enterprise.
An overlooked IPO points to the future of Uzbekistan's capital markets
The cultivation of Uzbekistan’s domestic investor base—not the attraction of foreign financiers—is the real imperative of the country’s forthcoming capital markets strategy.
Uzbekistan’s Minister of Finance, Jamshid Kuchkarov, confirmed Thursday that the Uzbek government plans to follow its successful February debut Eurobond with a second offering next year.
Uzbekistan targets tripling of stock exchange market cap by 2025
Uzbekistan’s Capital Markets Development Agency will soon launch an ambitious new strategy, intended to facilitate the public offering of ten state-owned enterprises with a combined value of $13 billion.
EBRD Backs Launch of Khan Academy in Uzbekistan
With the launch of Khan Academy O’zbek, the world’s leading free online education platform is now available to Uzbekistan’s 9 million primary and secondary school students.
Retail revolution comes to Uzbekistan
Shopping in the traditional bozors, or markets, will continue to be the dominant retail experience in Uzbekistan for years to come. But for an emerging middle class, shopping malls like Compass show the way to a newly affluent lifestyle.
Why China isn’t standing by Iran
Last week, Iran’s economic minister was in Beijing for talks on bilateral trade and investment. An official readout of the discussions from China’s commerce ministry describes China and Iran as “comprehensive strategic partners.” Unfortunately for Iran, the data tells a different story from the official rhetoric.