Uzbekistan

COMMENT: Waking Sleeping Beauty: shaking up Uzbekistan’s banking sector

Fiezullah Saidov in Tashkent May 26, 2020

Whilst, the world was in a lockdown, the government of Uzbekistan has been busy reforming the banking sector. The government announced a detailed banking reform strategy for 2020-2025 to transform the sector

Business rallies to help in fight against coronavirus across Eastern Europe and Central Asia

Ben Aris in Berlin May 20, 2020

Business leaders across the Former Soviet Union are using some of the riches they have amassed in the last three decades to help in the fight against the coronavirus.

Uzbekistan airs its ‘undirtied’ linen in public

Kanat Shaku in Almaty May 15, 2020

Big progress made in ending forced labour and market reforms pave way for country to move away from raw cotton exports in favour of shipping finished fabrics and clothes.

Gulnara Karimova’s son publishes list of assets confiscated from her in Uzbekistan

bne IntelIiNews May 14, 2020

Includes Perfectum Mobile, Uzbekistan Post, 98 apartments, five restaurants, four cinemas, duty free retail outlets at city airport, network of distribution stores for Levi's, Mango and Benetton, more than 20 construction sites and Coca-Cola plant.

AFC Capital: Uzbekistan leads regionalization that is the new globalization

Scott Osheroff in Singapore May 8, 2020

Is regionalization the new globalization? Stalin industrialised Uzbekistan at a high cost, but that gave the country a platform to become a regional leader as regionalisation becomes the new globalisation

INTERVIEW: Bakhtiyor Fazilov, major shareholder in Uzbek drilling company ERIELL Group and Enter Engineering

Kanat Shaku in Almaty May 7, 2020

ERIELL also one of three major independent drilling companies in Russia. Well construction and overhaul services provided to top oil and gas companies. Enter Engineering has important role in Uzbekistan’s COVID-19 response.

Uzbek-born philanthropist Alisher Usmanov donates $15mn to help victims of the Sardoba dam disaster

Ben Aris in Berlin May 7, 2020

Uzbek-born businessman and philanthropist Alisher Usmanov donated $15mn to help those affected by the busting of the Sardoba dam last week that had destroyed dozens of villages and had displaced a total of around 100,000 people from their homes.

Almost $1bn worth of damage caused by bursting of Sardoba dam in Uzbekistan

bne IntelIiNews May 6, 2020

Dramatic video released on social media shows moments shortly after dam burst, flooding villages. Army sent to divert water flow to lake. Criminal proceedings launched.

Details emerge of claimed cement plants corruption by Uzbekistan's disgraced Karimova

bne IntelIiNews May 3, 2020

Daughter of late long-ruling autocrat was accused of using threats to coerce owners to hand over companies. Affair eventually produced damages claim against Tashkent from investors in Kazakhstan’s Visor group.

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