Analysis-With Uzbekistan Open for Business, Investors Watch Reform Staying Power
Foreign investors are betting on reforms as Uzbekistan’s state-backed IPO pipeline expands and the National Investment Fund raised $690 million in London.
5 Articles
5 Articles
Analysis:With Uzbekistan open for business, investors watch reform staying power
TASHKENT/LONDON, Oct 6 : When Nika Kurdiani began to plot London-listed Georgian lender TBC Bank's expansion into Uzbekistan around 2018, he had to bring plastic bags full of banknotes to pay restaurant bills.The country of nearly 40 million people — Central Asia's most populous — had long been largely cl
Analysis-With Uzbekistan open for business, investors watch reform staying power
By Felix Light and Karin Strohecker TASHKENT/LONDON, Oct 6 (Reuters) - When Nika Kurdiani began to plot London-listed Georgian lender TBC Bank's expansion into Uzbekistan around 2018, he had to bring plastic bags full of banknotes to pay restaurant bil...
Uzbekistan's economic reforms are attracting foreign investors but also bringing risks. For many years, the Central Asian country was largely closed to foreign investment due to strict capital controls. However, since President Shavkat Mirziyoyev came to power in 2016, reforms have eased strict capital controls and simplified visa rules for many Western visitors. Digital payments have also become widespread in the country. read more This section…
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
