Alisher Usmanov and USM shareholders to donate RUB2bn to fight coronavirus

Ben Aris in Berlin April 6, 2020

Russian tycoon and the other shareholders of his holding company USM have donated RUB2bn ($26mn) to help in the fight against the coronavirus (COVID-19) epidemic in Russia, the company said in a press release on April 6.

Billionaire Alisher Usmanov donates $20mn to help equip new Uzbekistan hospital for treating pandemic patients

bne IntelIiNews April 2, 2020

Donation will help finance project of health ministry’s Mercy and Health Foundation. Central Asian nation aiming to establish 10 new hospitals in battle against coronavirus.

EBRD reveals CEE/Eurasia economies’ vulnerability to external shocks amid coronavirus crisis

bne IntelIiNews April 1, 2020

Development bank looks at the resilience of states in the region to falling commodity prices, value chain disruption, declines in tourism and domestic disruption.

COMMENT: The Uzbek government reaches out to business ahead of its privatisation campaign

Fiezullah Saidov in Tashkent March 20, 2020

In the spirit of openness and transparency, the Uzbek government, represented by State Asset Management Agency (SAMA), has called on a large meeting of stakeholders such as development financial institutions (DFIs), news agencies including popular bloggers and Big Four consulting and audit firms and other interested parties to discuss the large privatization efforts it is undertaking.

Uzbekistan's Karimova imprisoned for 13 years in new extortion and embezzlement case

bne IntelIiNews March 19, 2020

Ex-president's daughter illegally purchased state shares in two cement plants and sold them to foreign business people prosecutors say.

EBRD makes €1bn available as emergency measure to fight coronavirus impact

bne IntelIiNews March 15, 2020

The EBRD has unveiled an emergency €1bn “Solidarity Package” to help companies deal with the impact of the coronavirus pandemic.

Uzbekistan ending cotton crop quotas and lifting cultivation obligations on farmers

Kanat Shaku in Almaty March 10, 2020

Move seen as possibly squeezing out remaining forced labour. In bid for private investment, country also ceasing practice in which government takes charge of cotton exports. Expansion of textiles production a priority.

Uzbekistan's banking sector: calm before the boom

Fiezullah Saidov in Tashkent March 9, 2020

Since President Shavkat Mirziyoyev launched the Uzbekistan 2.0 reforms, the banking landscape is starting to change drastically.