Investors Assess Uzbek Market, Speak On Optimism of Investing

A delegation of representatives of large international investment funds headed by the Renaissance Capital paid a visit to Uzbekistan. It has learned about the development of Uzbek economy and current investment climate. The delegation met the authorities and specialists of the Uzbek Ministry of Finance, State Property Committee, National Bank of Uzbekistan for Foreign Economic Activity (NBU) and “Asaka” Bank, the two largest financial and credit institutions of the Republic, and an investment company “Avesta Investment Group”.

The guests learned about prospects of development processes of denationalization and liberalization of the Uzbek economy and implementation of privatization program by the NBU, “Asaka” Bank and other big establishments in Uzbekistan.

According to Roland Nash, Director of the Analytical Department of the Renaissance Capital, the foreign investors express a high interest in the prospects of investments in the companies in Central Asia, especially Uzbekistan. At the moment, the economy of Uzbekistan is showing high increase of macroeconomic indicators. The growth of GDP and, particularly, the exports inspire optimism.