IFC Extends Trade-Finance Facility to JSCMB “Ipoteka-bank” to Support Uzbekistan’s Exports, Imports
IFC a member of the World Bank Group, is extending a $10 million trade finance-guarantee facility to Ipoteka Bank to support Uzbekistan’s exporters and importers and help protect the country’s economy from the impact of the COVID-19 pandemic.
Export: Namangan cherries are in great demand in South Korea
According to Uzbekoziqovqatholding company, 17.8 tons of sweet cherry grown in Namangan region were delivered to South Korea’s Incheon city.
Namangan region manufactures 350 thousand medical masks daily
Namangan region manufactures 350 thousand medical masks and 12 thousand medical overalls daily.
Andijan hosts Made in Uzbekistan Trade Fair
More than 100 manufacturing enterprises, private and family businesses and artisans presented their products.
Agrobank launches money transfers to Sberbank cards
Sberbank and Agrobank announced the launch of an instant money transfer service from Agrobank cards to Sberbank cards.
Uzbekistan imports artificial fiber from Belarus
OJSC Svetlogorsk Khimvolokno of the Republic of Belarus was founded in 1964 as an artificial fiber manufacturer.
Export geography expands
Despite the current difficult situation in connection with quarantine, an export plan has been successfully implemented in Tashkent region.
Uzbek sweet cherry export in full swing
The export season of various fruits and vegetables grown in the sunny land has begun.
Artificial intelligence greenhouse complex
Asaka Bank financed the construction of a greenhouse complex for growing agricultural products by hydroponics in Khorezm region.
Namangan revives the glory of atlas
Fabrictex company in Namangan manufactures silk fabrics and atlas.
Asaka Bank’s contribution to the economic development of the country
Asaka Bank finances numerous projects in the textile industry.
NBU signs agreement with VEB.RF
National Bank of Uzbekistan signed an agreement on opening a credit line with the State Development Corporation VEB.RF in the amount of 14.3 million euros.
Sheep and goat wool shawl are popular in Russia
Namangan region’s Tepakurgan village is popular for knitting shawls from sheep and goat wool.
857 enterprises resume operation
There are 16601 enterprises in the Republic of Karakalpakstan.
EBRD allocates $30 million to JSIB Ipoteka Bank
EBRD provides JSIB Ipoteka Bank with an additional $30 million for trade financing.
Turkic Council: Trade and economic cooperation discussed
A videoconference was held between the ministers of trade (economy) and heads of customs authorities of the member states and observers of the Cooperation Council of Turkic-Speaking States.
Prospects for investment cooperation discussed
Deputy Prime Minister of the Republic of Uzbekistan S. Umurzakov held a videoconference with Deputy Prime Minister and Minister of Economy and Finance of the Republic of Korea Hong Nam-ki.
Fergana grows silkworm cocoons
This year, Fergana silkworm breeders plan to deliver more than 252 tons of products to processing enterprises.
Debt verification practice to be abolished
President of Uzbekistan has signed a Resolution on measures to further support the export activities.
Chipboard from local raw materials
Uzsanoatqurilishmateriallari Association implements a number of projects for production of construction materials.