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Business
Uzzhilsberbank plans 14% charter capital increase

03/07/2002
Uzzhilsberbank, the state savings bank that is one of the five largest banks in Uzbekistan, plans to increase charter capital by 14.3% to 4 billion sums, a bank source told Interfax... More

Uzbek foreign Economic bank assets shrank 4% in 2001

03/07/2002
Uzbekistan's National Bank for Foreign Economic Activity closed 2001 with assets in the dollar equivalent of $3.75 billion, down 4% from $3.91 billion in 2000 (assets in 1999 totaled $4.44 billion), the bank said in a press release... More

Uzbekistan boosts industrial output 8.1% in 2001

03/07/2002
Uzbekistan posted industrial output of 2.88 trillion sums in 2001, an increase of 8.1%, the economy and statistics ministry said in a report on the country's socioeconomic development last year...More

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EBRD To Boost Funds For Central Asian Countries

ERBD

03/08/2002
The European Bank for Reconstruction and Development will boost funds for former Soviet Union countries neighboring Afghanistan by as much as 42 percent this year to aid growth and limit the potential for conflict... More
Capital investment in Uzbekistan up 3.7% in 2001

03/11/2002
Capital investment in Uzbekistan rose 3.7% to 1.194 trillion sum, or 24.5% of GDP, in 2001, the Ministry of Macroeconomics and Statistics reported... More

Second Internet Festival Held In Bukhara
03/11/2002
The second open regional Internet – festival "Young Bukhara" will be held on March 12 in Bukhara city, UzA news agency reported. The aim of this Internet event will be popularization of the Internet in Bukhara Province as well as demonstration of Internet-resources and intellectual potential of the region to the web community...More
Uzbeklegprom plans to raise $154 million in foreign investments in 2002
03/21/2002
Switzerland's Miller Trading GmbH has bought a 27.3% government stake in Promkartontorg, the biggest cardboard maker in Uzbekistan, for $1.29 million, an executive at the Uzbek company told Interfax... More
Swiss firm buys stake in Uzbek cardboard maker


Miller Trading GmbH

03/14/2002
The Uzbeklegprom association, which comprises leading Uzbek light industrial enterprises, plans to raise $154.28 million in foreign investments in 2002, to implement 11 projects. Direct foreign investments and loans will amount to $95.78 million, and loans under government guarantees will reach $58.5 million... More
03/20/2002
The World Bank's board on Tuesday discussed a new strategy for aiding Uzbekistan, whereby new credits would be made available to the country contingent on the rate at which its economy reforms... More
Uzbekenergo plans to attract $40-mln EBRD credit
03/20/2002
The state company Uzbekenergo is holding talks with the European Bank for Reconstruction and Development to attract a credit of $40 million to carry out the second phase of reconstruction of Syrdarya State Regional Power Plant - the largest thermal power plant in Uzbekistan, a source in the company told Interfax... More
World Bank makes loans to Uzbekistan contingent on rate of reform