Uzbekenergo will sell non-core assets; Investors propose creating a casino in Muinak; Minister of Investment and Foreign Trade receives a delegation from the EBRD; Uzbekistan plans to move to 20th place in Doing Business by 2022;
There are 32 lots throughout the country. Most of them are in the Tashkent region – nine. The least is in the Andijan region.
The most expensive asset, 100% share in the authorized capital of EnergoNaslChorva LLC in the Syrdarya region, is currently on the balance sheet of the Syrdarya TPP. Price – 27 billion UZS. The cheapest – buildings and facilities in the Yangiarik district of the Khorezm region – 42.7 million UZS.
Furthermore, Chashma recreation area in the Akhangaran district of the Tashkent region (2 billion UZS), a 100% stake in Chul Parrandas LLC in the Nishansky district of the Kashkadarya region (3.9 billion UZS), buildings and facilities in the Yashnabad district of Tashkent (6,5 billion UZS).
Investors proposed to create a casino in Muinak. This is reported by Surayyo Rakhmonova, head of the press service of the Prosecutor General’s Office.
According to her, investors offer a variety of projects for the socio-economic development of Muinak. The Prosecutor General’s Office, together with other departments and ministries, is studying all these proposals.
One of the offers made is related to casino (gambling) business. According to Rakhmonova, all aspects of the possibility of implementing this proposal are being studied.
Some preliminary information indicates that it will not be only a casino, but rather a gambling zone – a special administrative and territorial facility, where it is permitted to organize and conduct gambling.
The purpose of the meeting was to discuss the current activities of the EBRD in the country, the presentation of a new candidate for the managing director of the EBRD from Uzbekistan and the further development of cooperation with an international financial institution.
Mr. Balvaner, during the talks with Sardor Umurzakov, stressed that the EBRD is following the current course in deepening cooperation with Uzbekistan and voiced the results of joint work and the agreements reached over the past period. To date, loan agreements have been signed with the EBRD on 7 projects aimed at improving the water supply and district heating systems in the capital and regions of the republic, as well as on modernization in the electricity sector, totaling US$622.5 million.
At the same time, it was noted that the EBRD is actively involved in reforming the energy sector of Uzbekistan, particularly in the sphere of privatization of state enterprises and the development of the capital market.
During the negotiations, the parties discussed issues on the organization of the first meeting of the Foreign Investors Council in the first half of this year, as well as the visit to Uzbekistan of the President of the EBRD, Mr. Sumy Chakrabarti, within the framework of the planned event.
Uzbekistan plans to move to 20th place in the Doing Business ranking of the World Bank and the International Finance Corporation by 2022.
This is stipulated by the Presidential resolution “On additional measures to improve the ranking of the Republic of Uzbekistan in the annual report of the World Bank and the Doing Business International Finance Corporation.”
The document approved a “roadmap” to improve the ranking, developed with the participation of the World Bank and other international financial institutions.
The head of Uzbekistan approved amendments to legislation, which will come into force on 1 March 2019.