German president meets with Uzbekistan business people

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TASHKENT (TCA) — On the last day of his three-day official visit to Uzbekistan, May 29, Federal President of Germany Frank-Walter Steinmeier, accompanied by the Prime Minister of Uzbekistan Abdulla Aripov, attended a meeting of Uzbekistan and Germany’s business circles in Tashkent, the Jahon information agency reported.

More than 130 companies operate in Uzbekistan with participation of German investors. More than 30 of them are created entirely on the basis of German capital, as many companies have opened their offices in Uzbekistan. The National Bank for Foreign Economic Activity of the Republic of Uzbekistan closely cooperates with 57 German banks. A branch of Deutsche Bank operates in Tashkent.

The Uzbekistan–Germany Entrepreneurs Council is consistently working on increasing bilateral trade turnover and flow of direct investment. Consultations on financial-technical cooperation, meetings of intergovernmental working groups on trade, investment, and agricultural spheres are held.

“We have been observing the progress of active reforms and transformations in Uzbekistan. We are pleased to note the consistency of economic development and activities on improving relations with neighboring countries. We are ready to support ongoing investment projects in Uzbekistan and share best practices,” said Federal President of Germany Frank-Walter Steinmeier.

Joint projects of Uzbek and German entrepreneurs in various spheres and issues of their implementation, establishment of mutually beneficial cooperation were discussed at the meeting. A number of important arrangements have been reached and agreements have been signed covering such important sectors as gas, chemical, energy, information technology, banks and finance, education and nuclear energy.

Sergey Kwan

TCA