BAKU, Azerbaijan, June 11. Uzbekistan is
seeking to strengthen financial cooperation and expand export
opportunities for its light industry sector following a series of
meetings in Europe led by officials from the country’s Agency for
the Development of Light Industry.
This was reflected in a statement by the Uzbek Agency for the
Development of Light Industry.
The delegation, headed by Agency Director Nozimjon Kholmurodov,
held talks in Germany with representatives of major financial
institutions as part of a visit scheduled from June 8 to 12.
During a meeting with AKA Bank, discussions focused on the
introduction of direct financing mechanisms for Uzbek light
industry enterprises, as well as the provision of preferential
credit lines for the purchase of modern industrial equipment from
European Union countries. The talks included AKA Bank Director for
Export Financing Dr. Michael Stopfkuchen and Deputy Chairperson of
the bank’s management board Muyassar Kholmakhmadova.
The Uzbek delegation also met with Ekaterina Galitsina, Director
for Eastern Europe and Central Asia at KfW IPEX-Bank GmbH, part of
Germany’s KfW Group. The parties exchanged views on financing
investment projects in Uzbekistan’s textile sector, supporting
export activities, and expanding cooperation with European
financial institutions.
In a separate meeting, officials held discussions with Ilyas
Güçlü, representative of the Uzbekistan Chamber of Commerce in
Germany, focusing on establishing links with major importing
companies in Frankfurt, promoting Uzbek textile products in the
German market, and organizing B2B meetings between Uzbek
manufacturers and leading German importers.
Officials said the meetings were aimed at enhancing the global
competitiveness of Uzbekistan’s light industry, expanding export
destinations, and attracting foreign investment into the
sector.
