Fitch Ratings has assigned Uzbekistan-based electricity generation company Thermal Power Plants Joint Stock Company (TPP) a first-time Long-Term Issuer Default Rating (IDR) of ‘BB-‘ with a Stable Outlook. This allows JSC Thermal Power Plants to position itself in the global investment markets as a company with a clear and precise business strategy, a transparent financial…
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As of January 1, 2023, the number of enterprises operating in Uzbekistan with the participation of foreign capital (15,801) increased by 2.1 times compared to the corresponding period of 2019. The State Statistics Committee reported about the dynamics of their growth in the context of recent years: In 2019 – 7,560 In 2020 – 10,382…
As of January 1, 2023, the number of enterprises operating in Uzbekistan with the participation of foreign capital amounted to 15,801. According to the State Statistics Committee, this figure increased to 2,512 compared to the same period last year.
The Minister of Investments, Industry and Trade Laziz Kudratov has met with the Chairman of Indorama Corporation Prakash Kejriwal, in Singapore. The parties discussed issues of further deepening cooperation. Indorama Corporation has established and successfully operates a cotton yarn production enterprise in Uzbekistan’s city of Kokand, a textile cluster for the production of yarn and…
On January 25, 10-year government bonds worth 10 billion soums were issued for the first time at the Republican Currency Exchange (UzRCE) . Also on that day, 5-year government bonds worth 174.5 billion soums were placed. The weighted average coupon payment on these securities amounted to 15% and 14.5% per annum, respectively, setting a benchmark for a 10-year period.…