Tag Archives: Uzbekistan

Uzbekistan hopes for bumper investments in 2019

DEC. 26 (The Conway Bulletin) — Uzbekistan hopes to attract $4.1b of investment in 2019, up by 71% from 2018, Shukhrat Vafayev, the deputy chairman of the State Investment Committee, told media. Mr Vafayev said that changes to the Uzbek tax regime since President Shavkat Mirziyoyev took over as leader in 2016, where one of the main reasons for the optimism. Alongside tourism and industry which are attracting major headlines, Mr Vafayev said that “another promising area is the processing of agricultural products and food production.”
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>>This story was first published in issue 396 of The Conway Bulletin on Jan. 11 2019

Trial of former Uzbek Prosecutor begins

JAN. 7 (The Conway Bulletin) — In a secret courtroom in Tashkent the trial has begun of the once-feared Uzbek Prosecutor-General Rashidjon Qodirov, Radio Free Europe/Radio Liberty reported by quoting sources. Mr Rashidjon is accused of corruption and abuse of power. He was arrested in February 2018 during the tail-end of President Shavkat Mirziyoyev’s purge of the most hated of former president Islam Karimov’s top officials.
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>>This story was first published in issue 396 of The Conway Bulletin on Jan. 11 2019

Swedish prosecutors charge three Central Asians with terrorism

DEC. 28 (The Conway Bulletin) — Prosecutors in Sweden charged three men from Central Asia with plotting to commit terrorism and for financing the IS extremist group. Three other men are also charged with financing IS. All six men are from Kyrgyzstan or Uzbekistan. The three men had bought chemicals and other kit and were intent on killing dozens of people, prosecutors said. Last year a failed Uzbek asylum seeker was sent to prison in Sweden for killing five people in an attack in central Stockholm in 2017.
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>>This story was first published in issue 396 of The Conway Bulletin on Jan. 11 2019

Uzbekistan scraps visas

TASHKENT/JAN. 7 (The Conway Bulletin) — Uzbekistan will throw open its doors to millions of more potential tourists from Feb. 1 after the government decreed that citizens of 45 developed countries can enter without a visa.

By scrapping visa requirements Uzbekistan hopes to give tourism a major boost and also to signal that the country is open for foreign investors. It also comes less than a week after Uzbekistan dropped exit visas for its citizens, a move set into motion by a decree signed by Pres. Shavkat Mirziyoyev in 2017.

Mr Mirziyoyev has been Uzbekistan’s president since September 2016 when he took over from the reclusive and authoritarian Islam Karimov. Karimov had ruled for 25 years since the breakup of the Soviet Union until a heart attack killed him. Under Karimov, Uzbekistan had been closed off and it had been difficult and expensive for both tourists and people on business trips to get visas.

Citizens from a handful of countries, including Russia and other Former Soviet countries had already had visa-free access to Uzbekistan. That has now been extended to include European countries, Canada, Australia, New Zealand, Argentina and Brazil.

Israelis, Indonesians, Japanese, Malaysians, South Koreans, Turks and citizens of Singapore were given visa-free access in 2018.

Last year, Uzbekistan attracted 5.3m tourists, up from 2.6m in 2017. That number is now expected to boom with tourists flocking to see fabled sights such as the Registan in Samarkand and Bukhara, regarded as the best-preserved of the old khanate towns.

Tour operators welcomed the removal of the visa system although there were also words of caution.

Caroline Eden, co-author of the travel and cookbook Samarkand, said excessive development will backfire.

“The risk is that the infrastructure will not cope. Sites at Bukhara and Samarkand are so precious that a steady and measured approach would be wisest.,” She said.
“A rush to build hotels, little trains around monuments and too many tour buses will ruin the very appeal of this marvellous country.”
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>>This story was first published in issue 396 of The Conway Bulletin on Jan. 11 2019

Uzbekistan and Kazakhstan aim to create “Silk Visa”

DEC. 20 (The Conway Bulletin) – Uzbekistan and Kazakhstan aim to create a so-called “Silk Visa” next year that will allow foreigners to visit both countries, Acting First Deputy Chairman of the Uzbek State Committee for Tourism, Ulugbek Qosimhojaev, told reporters in Tashkent. Mr Qosimhojaev said that the aim was to boost tourism. Tajikistan, Kyrgyzstan, Azerbaijan and Turkey were also reportedly interested in the project.

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>>This story was first published in issue 395 of The Conway Bulletin on Dec. 23 2018

Imam flees Uzbekistan after opposing headscarf ban

DEC. 20 (The Conway Bulletin) – Fazliddin Parpiyev, an imam at a Tashkent mosque, said that he had fled Uzbekistan after the security services questioned him over his statements earlier this year that a headscarf ban in schools should be lifted). Imam Parpiyev did not say where he had fled to but his statements will embarrass President Shavkat Mirziyoyev who has said that he wants to build a more inclusive society.

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>>This story was first published in issue 395 of The Conway Bulletin on Dec. 23 2018

World Bank gives Uzbekistan loan to improve life in cities

DEC. 19 (The Conway Bulletin) – The World Bank approved a $100m loan to Uzbekistan specifically to improve life in the cities of Kagan, Chartuk and Yangiyule, media reported. This is the first urban development programme approved by the World Bank. It said that 40% of the country’s urban population lives in medium-sized cities that have often fallen into disrepair.

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>>This story was first published in issue 395 of The Conway Bulletin on Dec. 23 2018

Uzbekistan prepares ground for first credit rating

TASHKENT/DEC. 21 (The Conway Bulletin) – Uzbekistan is making final preparations to issue a $500m bond in Q1 2019, sources told Reuters the day after the Fitch ratings agency had given Uzbekistan its first credit rating.

Uzbek officials have also appointed four banks — JP Morgan, Deutsche Bank, Citi and Gazprom Bank — as its advisers for the issue which will mark a high for President Shavkat Mirziyoyev. He took over as Uzbekistan’s president in September 2016 promising to open up the country after 25 years of rule by the reclusive Islam Karimov.

Speaking on condition of anonymity, one Reuters source said: “They (Uzbek officials) met with investors in late November and the feedback was positive from most.”

The Uzbek debt issue will give international investors looking for greater returns yet another chance to invest in Central Asia. Last year, Tajikistan issued its first debt and this year, Kazakhstan also issued debt.

Fitch’s rating of BB- for Uzbekistan is the same as Turkey, above Tajikistan but below Kazakhstan. Giving out its first sovereign rating, Fitch said that Uzbekistan had “embarked on an ambitious and comprehensive reform programme” but that there were risks.

“A fast-moving, complex and broad reform agenda create some concerns regarding coordination and institutional capacity of the public administration to effectively plan and execute policy measures while minimising economic distortions,” Fitch said.

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>>This story was first published in issue 395 of The Conway Bulletin on Dec. 23 2018

Uzbekistan says deal sign with France’s Bouygues to build new tourist zone

OCT. 8 (The Conway Bulletin) – France’s Bouygues has signed a deal with the Uzbek government to build a 100m euro “tourist zone” near Bukhara, Uzbek media reported. The deal, announced during a visit by Uzbek President Shavkat Mirziyoyev to Paris, has not been commented on by Bouygues, one of France’s biggest constructors.

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>>This story was first published in issue 388 of The Conway Bulletin on Oct. 17 2018

Uzbek truck plant to increase production

OCT. 12 (The Conway Bulletin) – UzAutoTrailer plans to increase the capacity of its truck-manufacturing plant to 3,000 vehicles per year up from the current 1,500 vehicles, Uzbek media reported. The plant opened this year in the city of Jambay, near Samarkand, and currently produces Russian Kamaz trucks.

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>>This story was first published in issue 388 of The Conway Bulletin on Oct. 17 2018