Kazakh bank Halyk to enter Uzbekistan; SFI Management Group received shares of two companies in Uzbekistan; Uzbekistan to join the Alliance of Financial Inclusion; New partners, promising projects; Competition for the construction of private kindergartens and schools to be announced in Tashkent; Uzbekistan launches new cement plant;Ankara and Tashkent eye US$5bn trade turnover – Ambassador
Kazakh bank Halyk to enter Uzbekistan
“First of all, this is the size of the population. Secondly, the financial market in this state is in a stage of revival, so it is possible to increase assets, incomes, customers and the business itself with hundreds of percent per year. Therefore, we are very optimistic about this market, “Chairman of the Board of the Halyk Bank, Umut Shayakhmetova said.
SFI Management Group received shares of two companies in Uzbekistan
The company received 703 thousand shares of Urtachirchikparranda and, in total, now owns 84% of the company’s shares. “Urtachirchikparranda” is one of the largest enterprises of egg direction in Uzbekistan, put into operation in early 2005. SFI Management Group manages and modernizes the poultry farm.
In addition, SFI Management Group received 1.6 million shares of Uzhimpharm and, in total, now owns 74% of the company. Here SFI Management Group also manages and modernizes the enterprise, which in 2017 marked its 75th anniversary. The output of Uzkhimpharm is about $ 4 million, the nomenclature of medicines is about 100 items.
Uzbekistan to join the Alliance of Financial Inclusion
The Board of the Central Bank decided to join the Alliance for Financial Inclusion. Membership in the alliance will provide the Central Bank with an opportunity to study international experience and attract leading experts to develop national programs to increase the availability of banking services and the level of financial literacy, as well as to protect the rights of consumers of banking services.
The Alliance of Financial Inclusion (AFI) was established in 2008 to help member countries develop and implement financial accessibility policies by creating a platform for the exchange of experience, training and organizing working groups on topical issues of banking services, consumer protection and small business financing.
New partners, promising projects
Delegation of Bukhara region led by the khokim U.Barnoyev visited Turkey, Belgium and the Netherlands with an official visit.
The main objectives of the trips are to ensure the implementation of the resolution of the President of Uzbekistan on measures of creating a free economic zone Bukhoro-agro of July 10 of this year and attracting direct investment for accelerated development of industry, agriculture and tourism in the region.
Competition for the construction of private kindergartens and schools to be announced in Tashkent
Until the end of the year, entrepreneurs are offered to build 135 private kindergartens and 60 schools.
Uzbekistan launches new cement plant
A new cement plant has been opened in Surkhandarya region of Uzbekistan.
The Sherabad Cement Plant was built by the joint stock company Almalyk Mining and Metallurgical Combine.
The cost of the project is US$212.8 million. The plant’s capacity is 1.5 million tons of products per year.
Ankara and Tashkent eye US$5bn trade turnover – Ambassador
Uzbekistan and Turkey will boost mutual trade to US$2 billion in 2018, The Turkish Ambassador to Uzbekistan Ahmet Başar Şen told to the Anadolu agency.
He noted that the trade turnover between Turkey and Uzbekistan has recently reached record levels.