Georgia’s leading commercial bank TBC moves into Uzbekistan

Ben Aris in Berlin April 16, 2019

The biggest bank in Georgia TBC is to arrive in Uzbekistan by buying local payment service Payme. It is acquiring a 51% stake for $5.5mn.

CEE monthly bond wrap: window swings open for issues

Ben Aris in Berlin April 5, 2019

Opportunity knocked at start of 2019 after US Fed indicated it was retreating from tightening. That switched bond investors to risk-on and yield-hungry, attracting many to Emerging Europe markets.

US ban on Uzbek cotton imports lifted as child labour concerns ease

Kanat Shaku in Almaty March 29, 2019

Milestone will help country with its bid to restore its image as a welcoming destination for foreign traders and investors.

End of an era of USSR dictators (or not?)

Nizom Khodjayev in Astana March 22, 2019

Kazakhstan’s ruler of 30 years Nursultan Nazarbayev has gone. Only he’s not gone. And ordinary Kazakhs who’ve lived through three “Soviet-groomed” decades don’t hold out much hope a handpicked successor will change much about their lives.

Removal of capital controls new milestone for investors in Uzbek stocks

Mark van Loon March 14, 2019

Tashkent broker trades shares for foreign investor on nascent local stock market and repatriates proceeds in USD to Hong Kong.