Another presidential decree to force privatisation plans

On February 11, President of the Republic of Uzbekistan Shavkat Mirziyoyev signed a decree “On measures to further accelerate the privatisation of state assets”. In accordance with Presidential Decree No. UP-6096 dated 27 October 2020, as well as in order to accelerate the attraction of private investment in the economy, the practice of introducing modern […]

The President of Uzbekistan approved the State Program for 2021

The State program sets out carrying out preparation and transformation of the banking system for coming privatisation. These measures are aimed at transforming in 2021 six large banks with a state share, namely Sanoat Qurilish Bank, Asaka Bank, Ipoteka Bank, Aloqabank, Turonbank and Qishloq Qurilish Bank. Moreover, according to the State Program, entire state stake […]

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 […]