Officials of Uzbekistan and the European Union held the fifth round of talks on a new comprehensive bilateral agreement online on July 9-10, the Ministry of Foreign Affairs said. The Enhanced Partnership and Cooperation Agreement (EPCA) will replace the partnership and cooperation agreement that has been in force since 1999. Earlier, the Ministry of Foreign…
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IFC, a member of the World Bank Group, is providing a $12.5 million long-term loan to JSC Indorama Kokand Fertilizers and Chemicals to finance the modernization of its fertilizer plant in Uzbekistan, which will create jobs and benefit the country’s agriculture sector. The investments will help the company introduce energy-efficient technologies to boost production capacity…
President of Uzbekistan Shavkat Mirziyoyev signed a decree “On Uzbekistan’s Development Strategy “. The document has approved Uzbekistan’s Five-Area Development Strategy for 2017-2021 which was developed following comprehensive study of topical issues, analysis of the current legislation, law enforcement practices, the best international practices, and following public discussion. The Decree has created a National Commission responsible…
The Asian Infrastructure Investment Bank’s (AIIB) Board of Directors has approved a loan of US $165.5m to improve road efficiency, safety and climate resilience of major cross-border roads in the Bukhara region in Uzbekistan. Good road connectivity is an essential growth driver in landlocked Uzbekistan. The country’s road network plays an important role in transporting goods and…
The president of Uzbekistan, Shavkat Mirziyoyev, addressed the newly formed parliament on Friday (24 January), laying out his plans for the next five years. The banking sector, fighting corruption, foreign direct investment, poverty reduction and international trade were at the top of the agenda. Mirziyoyev took charge of Central Asia’s most populous country in 2016…