Uzbekistan announced the new opportunities at Euromoney Central & Eastern European Forum in Vienna

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The Uzbekistan’s delegation, headed by the first deputy minister of finance Mr. Timur Ishmetov, takes part in the 25th annual finance forum being conducted in the capital of Austria on 14-15 of January.

Euromoney Central & Eastern European Forum is one of the key events in the Europe’s financial sector calendar. The participants of the forum will discuss the important issues of the financial market, current year’s macroeconomics condition of the region and will define the agendas of the cooperation. Also a workshop on possibilities will be conducted, that the Uzbekistan’s banks provide on the country’s growing market.

1153 delegates from 53 countries participate in the forum:
• Ministers of finance of Hungary, Romania and the Republic of North Macedonia;
• Deputies of the ministers of finance from other countries of Eastern Europe;
• Heads of the biggest European banks and the banks from different courtiers of the regions;
• Leading politics, businessmen and investors.

The composition of Uzbek delegation included the representatives of the Ministry of finance and commercial banks: NB VED RUz (NBU), JSCB “Uzpromstroybank”, JSIB “Ipoteka-bank”, JSCB “Asaka”, JSCB “Ipak Yoli”, JSCB “Asia Alliance Bank” and JSCB “Hamkorbank”.

The host of the forum is the Euromoney Conferences, a leader in organizing the events for the capital market and the professional investors. The Forum goal: to uncover and analyze the latest trends on the global financial market, exchange of opinions and expand the networking between the representatives of the capital market of different countries.

In the open interview for the participants of the forum, Mr. Timur Ishmetov, the first deputy minister of finance of the Republic of Uzbekistan, told about the ongoing politics of the changes and underlined that:
• for the first time in 2020 the limit size of new agreements for attracting the external state loans made up of 4 billion USD. This limitation will decrease the budget deficit in the nearest years;
• at present the volume of the gold and foreign exchange reserves of Uzbekistan make up 20 billion USD.

In the exclusive discussion for Uzbek.Review, Mr. Timur Ishmetov also underlined the importance of the event: “Uzbekistan needs to more frequently participate in such forums in order to be updated with the latest events in the financial sphere, consider them in the financial politics of the country, and share its experience and the being conducted wide scale reforms in Uzbekistan. We have done a lot for the liberalization of the financial market and attracting the investors. I hope that this forum will be the new milestone in the cooperation between our commercial banks and the European financial sector”.

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