Uzbekistan Update: July 1 - 15, 2024
Biweekly update on key developments in Uzbekistan
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Notable Quotes
“Today our countries are decisively aimed at accessing the main world markets and reviving the Great Silk Road in new historical conditions” Shavkat Mirziyoyev the President of Uzbekistan.
UPCOMING EUROUZ & MEMBER EVENTS
EUROUZ and IMRS European business sentiment survey
EUROUZ and IMRS announce preparation of European business sentiment study for European companies working or developing their business in Uzbekistan market. We are looking for submissions of data for publication that will be prepared within August 2024.
Deadline: July 25, 2024
Submit data via the link.July 18, 2024 Modern Urban Design for Quality and Sustainability Webinar
Design for Quality and Sustainability webinar is organized by EUROUZ. It will be presented by Association member Gerber Architekten - a well-known German architecture firm based in Dortmund, Germany. Founded by Professor Eckhard Gerber in 1966, the firm has grown significantly and has offices in various locations including Hamburg, Berlin, Riyadh, and Shanghai.
Date: July 18, 2024
Time: 16:00 (GMT+5)
Language: English (simultaneous translation to Russian)
Register via the link.[SAVE THE DATE] November 4 - 5, 2024 The European Economic Days in Uzbekistan
EUROUZ announces the annual EU - Uzbekistan Business Meeting on November 4-5. This annual event that brings together industry leaders, policymakers, and innovators from the European Union and Uzbekistan. Organised in collaboration with the Government of Uzbekistan and EU institutions, the event offers an unparalleled platform to boost private sector engagement and drive economic collaboration between the EU and Uzbekistan.
Event website: http://economicdays.eurouz.events/
Please contact info@eurouz.com for sponsorship inquiries.
Iteca Exhibitions events for Autumn 2024
Autmun exhibitions schedule for Uzbekistan by EUROUZ member Iteca Exhibitions. If you are looking to take part in any exhibition below, special conditions are available for EUROUZ members. Please contact us for more info@eurouz.com
EUROUZ & MEMBER NEWS
EUROUZ takes part in GR and Lobbying Master Class in Almaty
EUROUZ takes part in the "GR and Lobbying in Business and Non-Profit Organizations" master class organized by member/partner The Delegation of German Economy in Central Asia (AHK Zentralasien) on July 4-5 in Almaty, Kazakhstan. The event offered significant insights and networking opportunities, enhancing professional knowledge and collaboration. The event was attened by EUROUZ Tashkent Branch Shakhzodbek Makhmudov
EUROUZ members Polpharma and Adamed participated in a meeting between the President of the Polish Association of the Pharmaceutical Industry and the Uzbek Ambassador in Poland. Polish pharmaceutical companies' interest and involvement in the Uzbekistan market are steadily growing, despite some regulatory challenges that remain to be addressed. During the meeting an agreement was made to organize a study visit for the Polish delegation to Uzbekistan.
EUROUZ member Saneg to establish freight Wagon Factory in Uzbekistan.
Nymwag, in partnership with Saneg and AZC Orbis Invest, will construct a freight wagon factory in Uzbekistan's Gallaaral industrial zone. The factory will have an annual production capacity of 2,000 wagons starting from 2026. This development aims to enhance local infrastructure and improve transport operations in the region, marking a significant step in Nymwag's international market expansion.EUROUZ new member - SCHNEIDER GROUP
Since 2003, SCHNEIDER GROUP has supported international companies in their market entry and expansion in Eastern Europe, Central Asia and the Caucasus. As a bridge builder between East and West, Ulf Schneider founded his company with the aim of making it easier for international companies to enter the market in this region. Today SCHNEIDER GROUP has regional offices in Armenia, Austria, Azerbaijan, Belarus, Georgia, Germany, Kazakhstan, Kyrgyzstan, Lithuania, Moldova, Poland, Russia and Uzbekistan. Local competence, global perspective and the highest quality standards unite our more than 500 employees into a cross border service center for your business interests.
Adamed Pharma is a Polish family-owned pharmaceutical and biotechnology company manufacturing nearly 900 products (so-called SKUs) in Poland and abroad, offered to patients in over 70 countries around the world. The company employs almost 2700 people. For more than 20 years the company has been carrying out innovative R&D work, for which it has allocated PLN 2.2 billion. Adamed has been working with leading universities and scientific institutes domestically and abroad. The company’s intellectual property is protected by 250 patents in most countries of the world.
EUROUZ new member - SAPIENS Hotel
The Sapiens Hotel offers more than just a place for relaxation. It is a dynamic environment for creativity, communication, and unforgettable experiences. Choosing the Sapiens Hotel means choosing accommodation that matches the pace of modern life. We offer stylish and energetic private spaces that fit perfectly into today’s rapidly changing world. The main attraction of the Sapiens Hotel is its Gravity rooftop bar. Guests can enjoy a variety of delicious dishes from the modern cuisine and signature cocktails in this unique atmosphere, which is ideal for socializing and relaxation. The panoramic views alone make the experience worth visiting.
The EUROUZ members have voted to make our market reports paid for all non-members as of June 2023.
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Table of contents of this Uzbek.Review report for paid subscribers & members:
1. INTERNATIONAL COOPERATION
1.1 EUROPE
1.2 CENTRAL ASIA & CAUCASUS
1.3 RUSSIA & CHINA
1.4 MIDDLE EAST, EAST ASIA & SOUTH-EAST ASIA
1.5 NORTH & SOUTH AMERICA
1.6 INTERNATIONAL ORGANIZATIONS
2. PUBLIC POLICY
3. LEGISLATION & GOVERNMENT
3.1 LEGISLATIVE CHANGES
3.2 APPOINTMENTS
4. ECONOMY
4.1 KEY ECONOMIC INDICATORS, LOANS, & PUBLIC FINANCE
4.2 BAKNING & FINANCE
4.3 AGRICULTURE, MINING, & MANUFACTURING
4.4 CONSTRUCTION & REAL ESTATE
4.5 ENERGY & PETROCHEMICALS
5. USEFUL LINKS AND NOTABLE PUBLICATIONS
1. INTERNATIONAL COOPERATION
1.1 EUROPE
Spain to Recruit Uzbekistani Workers for Construction Sector
Spain's National Confederation of Construction Industry plans to recruit 700,000 workers for state real estate projects, engaging Uzbekistan in labor migration collaboration. Discussions between the Uzbek ambassador and the confederation president led to an agreement to create safe employment opportunities for Uzbekistan citizens in Spain.
Uzbekistan and Hungary Enhance Bilateral Relations
Uzbekistan's President met Hungary's Prime Minister during the OTS (Organization of Turkic States) summit in Azerbaijan to discuss strengthening multifaceted relations. They noted the growing strategic partnership and practical cooperation, emphasizing recent progress in trade, joint projects, and direct flights between Tashkent and Budapest. Focus was placed on accelerating cooperation in various industries and preparing new investment projects. Cultural and educational collaboration was also highlighted.
Uzbekistan and the Netherlands Discuss Comprehensive Cooperation
Uzbekistan's Ambassador to the Benelux countries met with the Director of the Europe Department of the Netherlands' Ministry of Foreign Affairs. They reviewed bilateral and multilateral cooperation outcomes, focusing on political dialogue, trade, investment, interparliamentary ties, and cultural exchange. Discussions also covered mutual support in UN bodies and enhanced collaboration within the EU framework.
1.2 CENTRAL ASIA & CAUCASUS
Uzbekistan and Kazakhstan Aim for Full Free Trade Regime
Uzbekistan and Kazakhstan plan to establish a full free trade regime to increase their mutual trade volume to $10 billion. This decision was made during the 21st meeting of the intergovernmental joint commission in Almaty. The initiative aims to replace imports from third countries, enhance industrial cooperation, and strengthen ties in transportation, energy, agriculture, and education. The agreement underscores the need for systematic efforts amid geopolitical instability to capitalize on existing trade opportunities.
1.3 RUSSIA & CHINA
Uzbekistan and China to Expand Economic and Cultural Cooperation
Uzbekistan's President held talks with China's President in Astana, expressing gratitude for China's support of Uzbekistan's reforms. They agreed on enhancing strategic partnerships, increasing trade from $14 billion to $20 billion, and accelerating cooperation in infrastructure, industrial, agricultural, and green energy sectors. The launch of Uzbekistan-China Technopark and the China-Kyrgyzstan-Uzbekistan railway were highlighted as key projects. Expanding educational and cultural exchanges, including establishing Chinese university branches in Uzbekistan, was also discussed.
Tatarstan Attracts Skilled Workers from Uzbekistan to Address Labor Shortages
Tatarstan plans to recruit Uzbekistani graduates for construction and transportation jobs to alleviate local labor shortages. A delegation visited Uzbekistan to discuss training programs, with employers responsible for further on-site training. The Russian University of Peoples' Friendship in Uzbekistan will administer Russian language exams to facilitate quicker work permits. Uzbekistan agreed to supply qualified personnel, emphasizing investment in education and internships in Tatarstan.
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