Specialist LSE listing to provide investors with chance to get in early on Uzbekistan’s move from Soviet-type economy to market economy.
Governments of Central and Southeast Europe have already secured most of the funding they need for this year, but with more obligations maturing in 2020 they are expected to return to the markets on a large scale next year
Uzbek state-run car producer GM Uzbekistan has been renamed UZAUTO Motors, after the US company completed its withdrawal from the country, GM Authority reported on July 3.
Gulnara Karimova makes move after $1.2bn of her assets are reclaimed by Uzbekistan. Once known as the country’s “most hated person” and accused of massive telecoms and other corruption, she is languishing in jail with health problems.
Tashkent has big ambitions in hydrocarbons, petroleum products, petrochemicals and pipelines. It is opening up to foreign investors. But there are still tensions with remaining elements of the planned economy.