Uzbekistan: Tashkent hosts Uzbek-American business forum

The American-Uzbek Chamber of Commerce held its regular meeting. Representatives of some 30 major US companies, including General Motors, General Electric, Caterpillar discussed the current state and priority directions of economic and investment cooperation, aimed at further strengthening mutually beneficial business relations between Uzbekistan and the United States. The Uzbek side at the meeting was…

Ukraine: Energy Ministry asking IFIs to support corporate management reform at Ukrenergo

Ukraine’s Energy and Coal Industry Ministry has asked international financial institutions (IFIs) to help reform corporate management at national energy company Ukrenergo, the ministry has reported on its website. “Minister Ihor Nasalyk asked leading IFIs (EBRD, EIB, World Bank) to support changes in the Ukrainian systemic operator Ukrenergo in line with common international standards,” the…

Uzbekistan: new bank to be created

Uzagroexportbank, a joint stock commercial bank, will be created in Uzbekistan to support manufacturers and exporters in the agricultural sector, according to the decree of the Uzbek President Shavkat Mirziyoyev. The founders of the newly established bank with an initial registered capital of 10 million euros will include the Fund of the Reconstruction and Development…

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Kyrgyzstan: recession overcome

The Kyrgyz government believes that the main result of 2016 was the overcoming of the deep recession of the national economy and the preservation of positive dynamics of economic growth, Minister of Economy of Kyrgyzstan Arzybek Kozhoshev said at a Cabinet meeting. According to him, from the beginning of the year, the economy showed a…