uzbek_digesteconomy.. 1

Leasing in Uzbekistan: Incentives for Modernization. 1


Uzbek Foreign Ministry presented on YouTube. 1

International cooperation.. 1

Visit of Japanese delegation. 1

Olympics-2016. 2

Anticipating Victory. 2








Leasing in Uzbekistan: Incentives for Modernization

The total portfolio of leasing operations in the first half of 2016 has exceeded 2.63 trillion soums (currency rates of CB RU from 05.08.2016, 1$= 2969.43 soums), growing by 7.1% YOY.

Leasing ranks among the most effective ways of investing in equipping and modernization of production, promoting the development of small business and private entrepreneurship, and competitive production. The measures taken for the development of the real economy have opened broad prospects for leasing services in Uzbekistan.

The indicators of the dynamics of the industry development are typical. In the first half of 2016, the country’s leasing companies have concluded more than 2,000 transactions exceeding 430 billion soums.

The list of objects for leasing is dominated by processing equipment, the share of which has reached 38% in the total structure of transactions. It is followed by agricultural equipment with 27%, transport – 18%, and real estate – 17%.

Uzselhozmashlizing with transactions at 114.8 billion soums, Uzbek Leasing International with 28,5 billion soums, O’zavtosanoatlizing with 25.2 billion soums, Uzmeliomashlizing with 23.7 billion soums and Taiba Leasing company with 6,2 billion soums rank among the largest leasing market players.

In the firt half of 2016, the list of the most active banks in leasing transactions has included Kapitalbank with 37.3 billion soums of leasing transactions, the Asaka Bank with 20.6 billion soums, Qishloq Qurilish Bank with 18.9 billion soums, Asia Alliance Bank with 15.7 billion soums, and the People’s Bank with 14.9 billion soums.

Tashkent has the largest share among the regions in new leasing transactions with 38,4%. The second and third places are occupied by Jizzakh and Tashkent regions with 8% and 6.8% respectively.

(Source: «Uzbekistan Today» newspaper)


Uzbek Foreign Ministry presented on YouTube

The Ministry of Foreign Affairs of the Republic of Uzbekistan opened official channel on YouTube.

We hope that the readers of the official web site and page of MFA on Facebook, and now YouTube visitors will be able to receive not only texts but also visual information about foreign and domestic policy of the country, on Uzbekistan as a whole and its sights.

(Source: Press Service of the MFA of the Republic of Uzbekistan)

International cooperation

Uzbekistan-Japan: Visit of Japanese delegation

A multilateral cooperation has been developing dynamically between the Republic of Uzbekistan and Japan.

Akie Abe, wife of Prime Minister of Japan Shinzo Abe, and a delegation of Japanese culture and arts representatives arrived in our country on 3 August 2016 with an aim of further developing and enhancing mutual cooperation of the two countries in a cultural-humanitarian sphere.

Japan PM’s wife Akie Abe was greeted by wife of the President of the Republic of Uzbekistan Tatyana Karimova at the Tashkent International Airport.

Uzbek-Japanese relations are steadily developing in the spirit of the Joint declaration on friendship, strategic partnership and cooperation, signed during the official visit of the President of our country to Japan in July 2002. Official visits of the head of our state to Japan in February 2011 and Prime Minister of Japan to Uzbekistan in October 2015 elevated the relations between our countries to a new level.

Cultural-humanitarian ties have a significant role in strengthening relations between our countries. Projects in social-economic and cultural spheres are under implementation within the “Official development assistance” program and via Japan International Cooperation Agency (JICA). The days of Uzbekistan culture and cinema are held in Japan. Artists from Japan actively take part in international forums, in particular, international music festival “Sharq taronalari”, held in our country.

Installation of the monument in Tokyo to our great ancestor- outstanding poet and thinker Alisher Navoi, creation of the Japanese Garden in Tashkent, naming the International caravan-saray of culture of the Academy of arts of Uzbekistan after Japanese scientist and artist Ikuo Hirayama are a demonstration of cultural proximity of our nations in the sphere of arts.

The program of the visit of the Japanese delegation includes visits to burial sites of Japanese interns, the Museum of applied arts of Uzbekistan, and attending a concert of the Japanese “Drum Tao” ensemble at the Alisher Navoi State academic grand theatre.

(Source: UzA)


Anticipating Victory

The 2016 Summer Olympics are poised to kick off on August 5 in Rio de Janeiro.  The flag of Uzbekistan will be carried by prominent Uzbek boxer Bahodir Jalolov.

All told, Uzbekistani athletes have earned 70 Olympic berths in 16 types of sports, with some of the athletes representing the country in two sports. Among them are swimmer Rano Omanova and runner Sitora Hamidova.

The athletes will be strutting their stuff in sports such as rowing, rhythmic gymnastics, canoeing and kayaking, boxing, judo, track and field, weightlifting, artistic gymnastics, ping pong, swimming, taekwondo (WTF), tennis, trampoline, shooting, and freestyle and Greco-Roman wrestling. Experienced athletes that have emerged as winners of previous Olympics and world championships are being joined by a multitude of young talents who will participate in the upcoming big games for the first time, which testifies to Uzbekistan’s growing sporting potential.

Track and field athletes have the largest number of Olympic tickets – 18.

For the first time, the Uzbek national team will be joined by athletes from all regions of the country, which points to the large geographical scope of the development of Olympic sports.

The pride of the team is sports legend Oksana Chusovitina, who will be participating in her seventh Olympics, an absolute record! No female gymnast has ever participated in that many Olympic Games.

For Uzbek male ping pong athletes and female boxers, the Rio games will be their first ever.

Like at the Sydney Olympics, Uzbek boxers will compete in all weight categories, plus Yodgor Mirzayeva in the minus 51-kg weight class.

An Olympic ticket is not a medal, of course. It just entitles an athlete to join the Games, which means a lot, too. But here’s hoping that team Uzbekistan will live up to expectations. How many gold, silver and bronze medals the 70 Olympic tickets will translate into is hard to predict. That said, there is little doubt that Uzbek boxers will not be returning home from Rio without medals, but how many of them will be gold, if any? Taekwondo athlete Dmitriy Shokin has a fat chance of winning the Olympics, and so do Uzbek wrestlers. Judo athletes, too, may bring glad tidings.

These days, the athletic community is nit just rooting for the athletes but is also summing up the outcomes of the efforts to develop sports over the past four years. There is a lot Uzbekistan can take pride in.

At the initiative of the President of Uzbekistan, a Children’s Sports Development Fund was established in 2002 with an eye to enhancing the material and technical resources of sporting facilities across the country and laying the groundwork for the development of sports in line with international standards. Since its establishment, the Fund has created major modern facilities in all regions of the country. As of today, nearly 60 percent of children aged 6 to 15 attend sporting clubs.

In the years since Uzbekistan’s independence, the Olympic movement in the country has assumed mass character. Three-tier sports games such as Umid nihollari, Barkamol avlod and the Universiade are held on a regular basis. Also known as minor Olympics, these competitions are instrumental in discovering talent and helping thousands of young sports enthusiasts hone their skills while paving the way to the global sports scene. Many members of the Rio-bound team regard the three-tier games as their cradle.

The Presidential Resolution “On the preparations of Uzbekistan athletes for the 31st Summer Olympic Games and the 15th Paralympic Games in Rio de Janeiro, Brazil” is a crucial roadmap for thorough and phased training of Uzbek athletes for the high-profile games.

As part of the efforts to fulfill the Presidential Resolution, Uzbekistan’s Cabinet of Ministers on April 2, 2013 adopted a decree “On the organization of the Fund for the Support of Olympic Athletes at the National Olympic Committee of Uzbekistan.”  The Fund channels financial resources into the further improvement of national sports federations’ material and technical resources. Also, a regulation has been adopted for the Olympic and Paralympic sports that will see athletes and coaches awarded with stipends.

A brand new building of the National Olympic Committee of Uzbekistan has entered into use. Also, a specialized center for sports medical-biological service and sports psychology for Uzbek athletes has been set up. The athletes participate in training camps put together both in and outside Uzbekistan, where they improve and enhance their experience and mastery.

Efforts in this direction are being continued, with advanced sports schools being created in Karakalpakstan, regional center and the capital city Tashkent.

(Source: «Uzbekistan Today» newspaper)


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