AUGUST 1-15, 2023: Uzbekistan Market Update
AUGUST 1-15, 2023: Uzbekistan Market Update
EUROUZ.EU & Uzbek.Review present the biweekly update on key developments in Uzbekistan for August 1-15, 2023.
Notable Quotes
“Unfortunately, the number of corruption crimes among tax officials is increasing from year to year... succumbed to the old disease”
The President of Uzbekistan when dismissing close to 30 heads of the tax authorities across the country and reprimanding several other senior officials.
UPCOMING EVENTS
I. Conference "Day of the German Economy in Uzbekistan" on September 14.
The Representative Office of the German Economy in Central Asia (AHK), in collaboration with the German Industry and Commerce in Uzbekistan and with the support of EUROUZ, will host the "Day of the German Economy in Uzbekistan" event. The conference aims to review the interim outcomes of German-Uzbek economic cooperation and delineate promising avenues for its further expansion.
A high-level economic delegation from Germany is anticipated to participate in the Day of the German Economy in Uzbekistan. This delegation will be led by the Head of Foreign Economic Activity and a member of the Board of Directors of the Federal Association of German Chambers of Commerce and Industry (DIHK), Dr. Volker Trayer. More on that, the delegation encompasses nearly 50 leaders and board members of German companies and German chambers of commerce and industry.
If interested, get in touch with designated contacts no later than August 24, 2023.
II. Uzbekistan IT Days (Amsterdam) on August 20.
IT Park Uzbekistan, a EUROUZ partner and the primary IT ecosystem builder in Uzbekistan, is taking part in the Digital Transformation Week Europe event, from September 26th to 27th in Amsterdam. You can come and meet IT Park’s representatives at Stand No. 260.
As part of participation in the events and its global roadshow in 2023, IT Park will be holding a one-day conference focused on Uzbekistan’s IT ecosystem: Uzbekistan IT Days. You can register your participation at this event via the following link.
EUROUZ & MEMBER NEWS
EUROUZ announces the formation of the ESG & Compliance Committee (ESG&C).
Its purpose is to support the EUROUZ Members’ ongoing commitment to environmental stewardship, health and safety, corporate social responsibility, corporate governance, and sustainability, as well as international best practices in corporate compliance as relevant to the Members’ business activities and the business environment in Uzbekistan.
Click here to register your interest in becoming a member of the committee.
Not a member yet?
Join EUROUZ to access exclusive market support for your business activities in the country.
1. INTERNATIONAL COOPERATION
1.1. CENTRAL ASIA & CAUCASUS
Source: The Presidential Administration of Uzbekistan
The visit commenced with a bilateral meeting between the President of Uzbekistan and the President of Turkmenistan. Most notably, both sides concurred on the necessity of promptly initiating the Shavat-Dashoguz joint trade zone. During the subsequent multilateral meeting, the three heads of state deliberated on the expansion of cooperation to ensure rational water resource utilization, advance the energy sector, and bolster the transport and logistics potential among their nations.
In response to the escalating water scarcity issue, the Uzbek leader proposed heightened collaboration in implementing innovative water-saving technologies, modernizing irrigation systems, digitizing water management processes, and enhancing infrastructure for the collection and storage of mudflow and flood waters. In the energy sector, he suggested a collaborative approach to executing projects related to hydro and thermal energy. Furthermore, the Turkmen leadership expressed the paramount importance of prioritizing gas exports to Uzbekistan and Tajikistan.
Regarding transportation, the discussions revolved around collaborative efforts to establish an integrated transport infrastructure, particularly through the Uzbekistan-Turkmenistan-Iran and Trans-Caspian routes. This initiative aims to elevate the region's appeal as a pivotal transit hub for both East-West and North-South trade routes.
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