To support a green and inclusive recovery from COVID-19 in Europe and Central Asia, IFC invested over $4.9 billion in the region in fiscal year 2021, which ended on June 30. Up from $3.1 billion last year this year’s commitment mobilized over $2 billion from other investors and focused on driving the region’s transition to…

According to preliminary data, in January-July 2021, enterprises of Uzbekistan produced industrial products worth 233.8 trillion soums, the index of physical volume of industrial production by the same period in 2020 amounted to 108.9%., the State Statistics Committee of Uzbekistan said.  In the structure of production, the largest share falls on manufacturing enterprises (82.5%), the…

Prime Minister Abdulla Aripov signed a resolution of the Cabinet of Ministers “On additional measures to ensure the stability of the epidemiological situation in the Republic of Uzbekistan associated with coronavirus infection” on 20 August. The document notes that the Jurabek Laboratories joint venture has agreed with Anhui Zhifei Longcom Biopharmaceutical to manufacture the ZF-UZ-VAC…

As a country located at the heart of the Great Silk Road, Uzbekistan is currently in the process of transitioning from old paradigms to the ‘New Uzbekistan’. In 2020, Uzbekistan’s leadership announced a new five-year national strategy and roadmap to enhance its commodity and financial markets to address structural problems inhibiting economic development. As part…

There’s an old Chinese proverb that goes like this: “The best time to plant a tree was 20 years ago. The second best time is now.” This should be on a plaque hanging above every long-term investor’s desk. For sure, it is how famed investor Jim Rogers thinks. His claim to fame is calling the…