JULY 1-15, 2023: Uzbekistan Market Report
JULY 1-15, 2023: Uzbekistan Market Report
EUROUZ.EU & Uzbek.Review present the biweekly report on key developments in Uzbekistan for July 1-15, 2023.
Notable Quotes
“We need to be not only a country of skilled cotton growers and gardeners but also highly qualified IT specialists, engineers, power engineers, miners and metallurgists, physicists and chemists.”
“We guarantee the activities of the constructive opposition, I repeat once again, the constructive opposition, freedom of speech and the press, the rights of citizens to receive, use and disseminate information.”
Shavkat Mirziyoyev, The President of Uzbekistan - Presidential Inauguration
UPCOMING EVENTS
I. Uzbek-British Business Showcase in London, UK
EUROUZ invites you to attend the business showcase organized by the Embassy of Uzbekistan in London, which will consist of presentations and discussions with a high-level delegation led by Uzbekistan's Foreign Minister, Deputy Minister of Investments, and executives from top banking, industrial, and mining companies.
The event will take place on the 24th of July in London, UK. Learn more about the event and register at the following link (in-person event, waiting list only).
II. EY Webinar Announcement: ”Reward Management”
Date: July 27, 2023 | 15.00-16.00 (Tashkent time) | ZOOM |
Language: Russian | Free of charge
Register before July 26 by following the link: https://lnkd.in/evWSp5bw
EUROUZ invites all interested parties to a Reward Management webinar organized by our member, EY.
The webinar provides a general understanding of remuneration systems for employees of HR management services. As part of the webinar, you will have the opportunity to familiarise yourself with the following topics:
• Structure of the total remuneration
• Theories of personnel motivation
• Principles of building a remuneration system
• Trends in personnel remuneration
Speaker:
Anna Borovkova – Manager, People Advisory Services in Central Asia
For more information, please do not hesitate to contact EY by e-mail or by phone at + 998 78 140 64 82, ext. 3840
EUROUZ & MEMBER NEWS
Voltalia (EUROUZ member) formally opens a representative office in Tashkent.
On the 13th of July, 2023, Voltalia inaugurated its new office in Tashkent, which serves to develop its activities in Uzbekistan. Projects already signed in Uzbekistan include one 100 MW solar project and one 400 MW hybrid project.
Voltalia is an international player in the renewable energy sector. The Group produces and sells electricity from wind, solar, hydro, biomass, and storage facilities that it owns and operates. Voltalia has generating capacity in operation and under construction of more than 2.6 GW and a portfolio of projects under development representing a total capacity of 13.6 GW. The company is a service provider and supports its investor clients in renewable energy projects during all phases, from design to operation and maintenance.
EUROUZ welcomes new Association members: AstraZeneca (UK) &
Business Club - France - Uzbekistan - CAFU (France)
AstraZeneca (LSE/STO/Nasdaq: AZN) is a global, science-led biopharmaceutical company that focuses on the discovery, development, and commercialization of prescription medicines in Oncology, Rare Diseases, and BioPharmaceuticals, including Cardiovascular, Renal & Metabolism, and Respiratory & Immunology. Based in Cambridge, UK, AstraZeneca operates in over 100 countries.
AstraZeneca expanded its activities to Uzbekistan in 2022 when the company signed an agreement with Meros Pharm, a pharmaceutical distributor in Uzbekistan, to enhance treatment options for patients suffering from life-threatening diseases. The collaboration aims to explore and utilize innovative methods in various medical fields, including cardiology, pulmonology, oncology, and more.
For more information, visit: https://www.astrazeneca.com/
The French-Uzbek Business Club (CAFU) is a community of mutual interests of various French and Uzbek companies, a platform for negotiations and information exchange allowing to develop and maintain business interactions and relations between France and Uzbekistan.
CAFU's core activities are organized around Business to Business (B2B) and Business to Government (B2G) cooperation. Their mission is to promote the development of business relations and contacts between France and Uzbekistan and be a part of the business community in Uzbekistan to benefit both countries.
For more information, visit: https://cafu.uz/fr/maison/
We look forward to supporting AstraZeneca and CAFU in Uzbekistan and Europe.
Not a member yet?
Join EUROUZ to access exclusive market support for your business activities in the country.
1. INTERNATIONAL COOPERATION
1.1. EUROPE
The statement released by the EU following takes note of the Presidential elections held on July 9th, highlights shortcomings observed by OSCE/ODIHR Election Observation Missions & identifies Uzbekistan as an important and valued partner of the EU, while looking forward to continuing to strengthen cooperation, preparing to mark the 30th anniversary of the establishment of diplomatic relations between the EU and Uzbekistan in 2024.
Switzerland will finance UNDP's digital economy project in Uzbekistan.
The project aims to target 13,000 people, including young women and rural residents and seeks to equip individuals with the necessary skills, tools, and support to succeed in their entrepreneurial endeavours in the digital economy.
1.2. CENTRAL ASIA & CAUCASUS
The demarcation of the Uzbek-Kazakh border.
The President has signed the law ratifying the agreement on demarcating the 2,356 km Uzbek-Kazakh state border. The signing of this law signifies the completion of the 19-year demarcation process.
Uzbekistan, Kazakhstan, and Kyrgyzstan discussed issues surrounding energy and water supply.
The energy ministers of the three countries discussed the readiness of energy facilities for the autumn-winter period, mutual redundancy, capacity regulation, planned supplies of electricity between the countries, and the joint construction of the Kambarata HPP-1 in central Kyrgyzstan. Furthermore, the representatives of water management bodies reaffirmed their earlier commitments to supply water in the required volumes to each other.
1.3. RUSSIA & CHINA
Vladimir Putin has submitted a bill to ratify the agreement with Uzbekistan on customs services.
The bill has been submitted to the State Duma and involves the establishment of representative offices for the customs services of both countries. These representative offices will represent the interests of their respective customs services in matters of customs regulation, contribute to the development of customs cooperation between the two states, and participate in activities related to the implementation of international treaties in the field of customs.
1.4. NORTH & SOUTH AMERICA
The US Embassy in Uzbekistan expressed its support for President Mirziyoyev.
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