JSC “Uzautomotors” plans to issue Eurobonds

On October 27, 2020, Shavkat Mirziyoyev signed the Decree “On measures to accelerate the reform of enterprises with state share and the privatisation of state assets” No. 6096. The main goals of the reform and privatisation are to reduce the cost of production and make it competitive. The Decree provides for the approval of Annex […]

Privatisation of state assets in Uzbekistan will be pushed forward

The Decree of the President of the Republic of Uzbekistan “On measures to accelerate the reform of enterprises with state share and the privatisation of state assets” was adopted on October 27, 2020. The Decree provides for the approval of: 1) a list of large state-owned enterprises and business associations subject to transformation; 2) a […]

The Central Securities Depository informed about the upcoming transformations

On October 23, 2020, an online conference was held at the State Enterprise “Central Securities Depository” where and investment agents took part. At the conference, investment agents were informed about current work of the Central Securities Depository on the implementation of development plans, about the upcoming transformation of the Central Securities Depository into a joint-stock […]

Uzbekistan’s Ministry of Health has issued Request for Proposals for first PPP project in health sector

The Ministry of Health of the Republic of Uzbekistan, with the assistance of the Public-Private Partnerships (PPP) Development Agency under the Ministry of Finance, approved the tender documentation for the PPP Project for Dialysis services in Uzbekistan and on August 21, 2020 invited applicants that passed the prequalification selection to submit their technical and financial […]

Uzbekistan’s Ministry of Energy has launched Request for Qualifications the first wind PPP project in Karakalpakstan with the support of EBRD

The Government of Uzbekistan (“GOU”) is committed to the general goals of policy for improving energy efficiency and increasing the share of renewable energy in the country’s energy balance. As part of this initiative, GOU with support from the EBRD has launched a program for the development of wind power projects for a capacity of […]

UZBEKGIDROENERGO, the country’s state hydropower producer and developer, announced its intention to list bonds on the London Stock Exchange

The announcement by Abdugani Sanginov, Chairman of the Board of Joint-Stock Company “Uzbekgidroenergo” (the Company), comes in line with the strategy set by Shavkat Mirziyoyev, the President of Uzbekistan, for state entities to attract loans from international financial institutions without state guarantees. Uzbekistan is looking forward to committing to international best practice and building investment […]

Investment Protection Agreement between Uzbekistan and Turkey is effective now

The Ministry of Foreign Affairs of the Republic of Uzbekistan reported that the intergovernmental Agreement on mutual promotion and protection of investments entered into force on July 9th. The document was signed during the visit of the President of the Republic of Uzbekistan to the Republic of Turkey on October 25th, 2017. It will replace the […]

Uzbekistan’s Ministry of Energy has launched Request for Qualifications for three PPP projects with the support of international financial institutions

The Government of the Republic of Uzbekistan is implementing an ambitious renewable energy strategy to deploy in the next 10 years up to 5GW of cost effective and environment-friendly solar generation to meet the large demand increase of the country. In June, the government launched a request for qualifications for the first photovoltaic project in […]

Winfields law firm once again received recognition as one of the leading firms in Uzbekistan by Legal500EMEA 2020 edition

We are delighted to announce that Winfields law firm once again received recognition as one of the leading firms in Uzbekistan by Legal500 Europe, Middle East and Africa guide. It presents both partners – Janibek Abdurazakov and Mahdi Magdiev by giving credit to their specialisation. Furthermore, the guide commends Winfields’s strong expertise in “a myriad of […]