Uzavtosanoat

Uzbekistan’s privatisation plans forge ahead

Uzbekistan’s privatisation plans forge ahead

The government of Uzbekistan has surprised international economists by announcing plans to forge ahead in 2021 with its ambitious privatisation plans, despite the global Covid-19 pandemic, Euronews writes in the article Despite the pandemic, Uzbekistan’s privatisation plans forge ahead. The virus has caused enough economic stress that the European Bank for Reconstruction and Development (EBRD) recently suggested a slow-down of major privatisations might be wise. “Earlier plans for large-scale privatisation of state-owned banks and enterprises may have to be delayed in case of slower-than-expected economic recovery,” the bank’s annual country assessment said

Uzbekistan to almost double car production

Uzbekistan to almost double car production

Uzavtosanoat JSC plans to increase production of cars in Uzbekistan to 220,000-230,000 units per year, chairman of the Board of Uzavtosanoat Umidjan Salimov said at a press conference in Tashkent. The country produced …