JCC Uzbekistan webinar showcases recent economic developments and investment conditions

Since coming to power in 2016, President Shavkat Mirziyoyev of the Republic of Uzbekistan has taken steps to introduce economic reforms, improve relations with neighbouring countries and attract foreign investment. Analysts project robust growth in 2023-27, driven in part by continuing foreign direct investment, a growing population and increasing government spending. At the same time, structural deficiencies and state involvement in the economy continue to weigh on the business environment, hampering it from achieving its full potential.

The JCC Uzbekistan Business Webinar on September 29, titled “Update Uzbekistan: Current Economic and Business Landscape for Trade and Investment” offered an up-to-date analysis of Uzbekistan’s business landscape in 2023 and mid-term prospects with an eye to Swiss trade and investment. The webinar moderated by Dorit Sallis, Managing Director, JCC showcased  the current macroeconomic status of Uzbekistan and Central Asia as presented by Kamilla Mamatova, Economic Analyst, European Bank for Reconstruction and Development (EBRD). Otabek Suleimanov, Partner, Centil Law Firm discussed major risks of investing in Uzbekistan and ways to mitigate these. The webinar culminated with a briefing on Swiss Days Tashkent, November 7 to 10, 2023by Alina Soboleva-Danel, Project Manager, Swiss Days Uzbekistan, Switzerland Global Enterprise (SGE).