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The American-Uzbekistan Chamber of Commerce (AUCC) seeks to promote trade and investment ties, cultural exchanges and bonds of friendship between the United States of America and the Republic of Uzbekistan. In performing these functions, the AUCC places primary emphasis on serving the needs and interests of its members.

Interview with AUCC Chairperson Carolyn Lamm Before 2012 Uzbekistan-US Annual Business Forum

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NEWS

Moody’s Assigns its First Uzbekistan Long-Term Issuer Rating at ‘B1

www.intellinews.com/
15 February 2019
Moody's Investors Service assigned its first ever long-term issuer rating to the Uzbek government at B1 with a stable outlook on February 13 ahead of the Uzbek Eurobond debut on the same day. The agency also assigned a provisional rating of (P) B1 to the Uzbek government's forthcoming medium-term note programme and a B1 rating to the planned drawdown from the programme. The rating comes after S&P Global Ratings and Fitch Ratings assigned their issuer ratings for Uzbekistan in December at 'BB-'. |read|

Uzbekistan Emerges From Isolation with $1 Billion Bond Sale

www.bloomberg.com/
15 February 2019
Uzbekistan sold $1 billion of Eurobonds in its first foray into international debt markets as the ex-Soviet republic opens its economy to foreign investment after more than two decades of isolation. The placement is a key milestone for Uzbek President Shavkat Mirziyoyev, who aims to set a benchmark for corporate issuers as he steers the country of more than 30 million people down a more market-friendly route following the death of long-time ruler Islam Karimov in 2016. With developing-nation issuers rushing to market this year, the Uzbek offering is reminiscent of the successful 2017 sale by neighboring Tajikistan, which became a byword for the hunt for yield that year. |read|

Global Business Conference: March 7th at Drexel University

www.lebow.drexel.edu/
15 February 2019
Invitation to register for the Global Business Conference by the World Trade Center of Greater Philadelphia. For more information, please contact: |read|

New Speaker Added: Uzbekistan's New Face and The Long Game: Western Strategy in the Caucasus and Central Asia

www.silkroadstudies.org/
15 February 2019
Organized by: and (a member of AUCC) Invitation Uzbekistan's New Face and The Long Game: Western Strategy in the Caucasus and Central Asia |read|

INVITATION: Discussion with Chairman Frederick Starr and Director Svante Cornell, Central Asia-Caucasus Institute at the American Foreign Policy Council

www.silkroadstudies.org/
14 February 2019
and (a member of AUCC) Friday, February 22, 2019 12:30pm - 2:00pm (catered lunch featuring Uzbek cuisine) White & Case LLP 701 13th Street NW |read|

INVITATION: Private Roundtable Discussion with the US and International Financial Institutions on Financial Instruments for Uzbekistan and Central Asia

www.uzbekistan.org/
12 February 2019
Thursday, February 28, 2019 12:30pm - 2:00pm (light lunch will be served) White & Case LLP 701 13th Street NW Washington, DC 20005 RSVP by Monday, February 25, 2019 |read|

Boeing to Provide Uzbekistan Airways with Landing Gear Services

www.prnewswire.com/
11 February 2019
DUBAI, United Arab Emirates, Feb. 11, 2019 /PRNewswire/ -- Boeing [NYSE: BA] reached an agreement with Uzbekistan Airways to provide services that will enable the airline to more efficiently and effectively maintain its 787-8 Dreamliner fleet through the Boeing Landing Gear Exchange program. The flag carrier of the Republic of Uzbekistan will rely on Boeing to support its fleet with quick and reliable landing gear exchanges when and where they need them. |read|

First Round on Agreement Negotiations between Uzbekistan, EU Ends

www.azernews.az/
8 February 2019
The first round of negotiations on the Agreement on Extended Partnership and Cooperation (EPC) between Uzbekistan and the EU was held in Tashkent on February 4-7. Deputy Foreign Minister of Uzbekistan Dilshod Akhatov and Deputy Managing Director of the European External Action Service Luke Devin led representative delegations of the parties. The press service of the Foreign Ministry said that the parties came to a common understanding on the draft Agreement structure and, divided into three groups, discussed in detail and constructively all sections of the draft document, identifying possible mutually acceptable provisions. |read|

Uzbekistan Establishes Ministry of Transport

en.trend.az/
8 February 2019
Uzbekistan has established the Ministry of Transport, Trend reports citing the Uzbek presidential decree. The ministry will be responsible for development and implementation of a unified state policy for the development of road, rail, air and river transportation, metro as well as road facilities. It will also regulate transportation activities by adopting regulations, issuing licenses and permits, conducting certifications, effective technical and tariff policies. |read|

WB Vice-President to Visit Uzbekistan

www.azernews.az/
8 February 2019
Cyril Muller, Vice-President of the World Bank for Europe and Central Asia, intends to visit Uzbekistan in March this year to discuss the most promising projects, Trend reports via the Uzbek media. Negotiations were held in Washington between a delegation of Uzbekistan, composed of Vice Premier Tanzila Narbayeva, Minister of Employment and Labor Relations Sherzod Kudbiyev and Chairman of the Uztextileprom Association Ilkhom Haydarov with Cyril Muller, where he told about his intentions to visit Uzbekistan. During the negotiations, Muller noted the possibility of cooperation in three main areas. |read|

US Assistant Secretary of State for South, Central Asian Affairs to Visit Uzbekistan

en.trend.az/
8 February 2019
The US First Deputy Assistant Secretary of State for South and Central Asian Affairs Alice Wells to visit Uzbekistan, Trend reports with reference to the Uzbek Ministry of Foreign Affairs. This was announced after the talks of Uzbek delegation headed by Deputy Prime Minister Tanzila Narbayeva with Alice Wells in Washington. Wells welcomed the intensification and expansion of country's interaction with international non-governmental organizations. |read|

Uzbekistan Lifts Ban on "Confidential" State Data on Minerals

www.xinhuanet.com/english/home.htm
4 February 2019
Uzbekistan has annulled the confidentiality of information concerning the country's mineral reserves, their annual production and sales, as well as foreign and internal debts, Uzbek justice ministry said Monday. A government decree that lifts restrictions on the publication of the information on the dynamics of gold, silver and other non-ferrous and rare earth metals mining has been approved by the Cabinet of Ministers, according to the country's justice ministry. Under the decree, Uzbekistan will start publication of information on the country's mineral reserves, mining and sales volumes and the distribution of funds derived from the sales. |read|

Uzbekistan Simplifies Bankruptcy Procedure

www.azernews.az/
4 February 2019
Uzbekistan approved a number of measures to drastically simplify the bankruptcy procedure, Trend reports via a new decree of the head of state. Now, judicial managers are appointed from among persons who have a fourth category judicial certificate and are members of the Uzbekistan Association of Judicial Managers when carrying out a simplified bankruptcy procedure instituted by the state tax services. The activities of judicial managers can also be carried out by lawyers who have licenses with a specialization in civil and economic legal proceedings and who have received a certificate of judicial manager. |read|

Uzbekistan Improves Position in OECD Credit Risks Classification

www.azernews.az/
4 February 2019
Uzbekistan improved its position and moved to the fifth group in the updated classification of OECD country credit risks, Trend reports via Uzbek media. The Organization for Economic Cooperation and Development (OECD) classification of country credit risks was updated on February 1. Uzbek Ministry of Finance states that Uzbekistan moved from the sixth to the fifth group in the new classification. |read|

Uzbekistan turns to nuclear energy to power economy

www.ft.com
18 January 2019
When you run a large landlocked central Asian state rich in uranium and with big economic ambitions, what do you do? You build a nuclear power plant. That has been the thinking in Uzbekistan, central Asia's most populous country with about 33m people, and with the population and energy demand both forecast to grow. |read|

signs long-term contract with Uzbekistan for uranium

www.moneycontrol.com/news/india/
18 January 2019
The contract was signed in the presence of Prime Minister Narendra Modi and Uzbekistan President Shavkat Mirziyoyev, who are here for the Vibrant Gujarat summit that began on Friday. The two leaders also held a bilateral meeting. The government on Friday entered into a long term contract with Uzbekistan to supply uranium ore concentrates to fuel the nuclear reactors. |read|

INTERVIEW: Uzbekneftegaz remaking Uzbekistan’s energy sector

www.intellinews.com/
17 January 2019
A big Uzbek delegation travelled to Berlin for the Uzbek-German investment summit that kicked off on January 14 and managed to sign off on €4bn worth of deals on the first day. bne IntelliNews managed to put some questions to Ulugbek Sayidov, first deputy chairman of the board at Uzbekistan's national oil company Uzbekneftegaz on the prospects for the development of the country's energy sector. While Uzbekistan does not have anywhere as near as much in the way of hydrocarbon deposits as its neighbours Kazakhstan and Turkmenistan, the oil and gas sector is crucial for supplying what is Central Asia's most populous country with energy. |read|

Uzbekistan, Germany sign contracts for $ 4B

www.azernews.az
16 January 2019
More than 10 protocols of intent and investment contracts totalling more than four billion euros were signed during German-Uzbek business forum held in Berlin on January 14. Deputy Prime Minister of Uzbekistan, Chairman of the State Committee on Investments, Sukhrob Holmuradov, mentioned this at the conference. According to representatives of the German business circles, the interest of German investors to Uzbekistan increased sharply after the new president of Uzbekistan, Shavkat Mirziyoyev, began to carry out large-scale reforms. |read|

AUCC Welcomes MIR Corporation as Newest Member

www.mircorp.com
11 January 2019
For over 30 years MIR Corporation has provided custom travel services for academic institutions, non-profit organizations, corporations, and high net-worth individuals traveling to: Uzbekistan as well as Russia, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Armenia, Azerbaijan, Georgia, Belarus, Estonia, Latvia, Lithuania, Moldova, Ukraine, Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Kosovo, Macedonia, Montenegro, Poland, Romania, Serbia, Slovakia, Slovenia, Mongolia, China, Tibet. Travel to Uzbekistan started with the facilitation of citizen exchange programs including Americans who traveled to Tashkent (with materials) to build the Seattle-Tashkent Peace Park, and other groups affiliated with the Seattle-Tashkent Sister City organization and which celebrated its 45th anniversary in 2018 and is the oldest sister-city relationship between a Soviet and a U.S. |read|

Uzbekistan govt outlines plan to develop telecom networks

www.telecompaper.com/news/uzbekistan-govt-outlines-plan-to-develop-telecom-networks--1275869
11 January 2019
The Uzbekistan Ministry of ICT has prepared a programme on the development of telecommunications services in the country over the period 2019 to 2023, reports Profit.kz. The programme aims to increase network capacity and improve the quality of telecommunications services. |read|

Uzbekistan introduces a visa-free regime for citizens of another 45 countries from 1 February

www.uzdaily.com/articles-id-47213.htm
5 January 2019
Uzbekistan introduces a visa-free regime for a period of 30 days for citizens of another 45 countries of the world from 1 February 2019. President of Uzbekistan Shavkat Mirziyoyev signed a decree "On additional measures to accelerate the development of tourism in the Republic of Uzbekistan". The document notes that the simplification of the visa regime and the rules of stay in Uzbekistan, along with the development of infrastructure and the promotion of the country's tourist potential abroad, led to a twofold increase in the number of foreigners visiting the country - from 2. |read|

Uzbekistan Airways SWOT: opportunities and challenges after reforms

centreforaviation.com/analysis/reports/uzbekistan-airways-swot-opportunities-and-challenges-after-reforms-451610
4 January 2019
Uzbekistan has emerged as an aviation market with huge potential, since president Shavkat Mirziyoyev took over two years ago following the death of the long-standing Soviet style dictator Islam Karimov. Uzbekistan has since embarked on a major reform path which has opened up tourism and is leading to a major restructuring of the air transport sector. Uzbekistan is now focusing heavily on tourism, which has already experienced a more than doubling of visitor numbers over the past two years, and the country has put in place a new much less restrictive visa policy that should help drive further rapid growth. |read|

Uzbekistan appoints banks for international debt market debut

www.reuters.com/article/us-uzbekistan-bonds/exclusive-uzbekistan-appoints-banks-for-international-debt-market-debut-idUSKCN1OK1PC
4 January 2019
Uzbekistan is making final preparations for its first foray into international debt markets, naming four international banks to lead a dollar bond deal, sources involved in the plans have told Reuters. JP Morgan has been appointed as lead adviser, and is joined by international debt houses Deutsche Bank and Citi as well state-owned Russian bank Gazprombank. |read|

Viewpoint: The logic of nuclear power for Central Asia

world-nuclear-news.org/Articles/Viewpoint-The-logic-of-nuclear-power-for-Central-A
4 January 2019
Many observers were surprised this year when Uzbekistan announced its decision to build a nuclear power station, which will be the first in Central Asia in the last 30 years, writes Jurabek Mirzakhmudov, director general of UzAtom, the state nuclear agency which was established in July. Why, we were asked, would a leading gas producer opt to go nuclear when we could easily increase our gas-fired electricity production? We are doing so largely because of growth. |read|
» 31 December 2018: Address by Uzbek President Shavkat Mirziyoyev to Oliy Majlis
» 24 December 2018: End of the Year Address by AUCC Leadership
» 18 December 2018: Invitation: Uzbekistan and Advancement of Religious Freedom
» 14 December 2018: Russia to develop two large HPPs in Uzbekistan
» 14 December 2018: Uzbekistan laying railway line to increase regional trade, connectivity
» 14 December 2018: Tashkent City reveals details of Uzbekistan's highest hotel
» 14 December 2018: Pompeo removes Uzbekistan from "Country of Particular Concern" list
» 6 December 2018: The World Bank Welcomes the Economic Reform Priorities of the Government of Uzbekistan over the Next Three Years
» 26 November 2018: Invitation to Philadelphia Roundtable with Uzbek Ambassador H.E. Javlon Vakhabov - December 12, 2018
» 21 October 2018: Final Agenda: U.S.-Uzbekistan Annual Business Forum - October 23 in Tashkent
» 12 October 2018: AUCC Welcomes Procter & Gamble as Newest Member
» 12 October 2018: U.S. Secretary of Commerce Wilbur L. Ross, Jr. to deliver keynote address at 2018 U.S.-Uzbekistan Annual Business Forum: October 23 in Tashkent
» 3 October 2018: INNOWEEK - October 22-26, 2018 in Tashkent, Uzbekistan
» 2 October 2018: AUCC Welcomes Eli Lilly Eli Lilly and Company as Newest Member
» 20 September 2018: Updated Agenda (Tentative): 2018 US-Uzbekistan Annual Business Forum - October 23, 2018 in Uzbekistan
» 18 September 2018: AUCC Welcomes Medtronic as Newest Member
» 14 September 2018: White & Case Partner Carolyn Lamm Honored for Services to Uzbekistan
» 5 September 2018: Tentative Agenda: Invitation to 2018 US-Uzbekistan Annual Business Forum - October 23, 2018 in Uzbekistan
» 3 September 2018: US Ambassador Pamela Spratlen Welcomes American Councils to Uzbekistan
» 27 August 2018: AUCC Welcomes Wilson Elser as Newest Member
» 23 August 2018: Statement of Daniel Rosenblum Nominee to be U.S. Ambassador to the Republic of Uzbekistan Senate Committee on Foreign Relations
» 23 August 2018: Invitation: How to Identify Business Opportunities with the Asian Development Bank
» 18 August 2018: University of South Carolina: Building the world's next tourism hot spot
» 18 August 2018: Presidents Shavkat Mirziyoyev welcomes foreign investors (info-graphics)
» 18 August 2018: Building the world’s next tourism hot spot