Baku, Azerbaijan, March 28
By Fikret Dolukhanov – Trend:
Rotschild financial group, which consults Central Bank of Kazakhstan, recommended to expand the state privatization program with pre-sale of shares to strategic investors before their placement, Reuters reported on March 28 citing head of the Russian and CIS representative office of the financial company Giovanni Salvetti.
Salvetti noted that the Rotschild group also began to consider possibility of expanding operation to the territory of Uzbekistan after the new president Shavkat Mirziyoyev took measures aimed at opening economy of the country.
“Uzbekistan is a country with a huge potential and it seems that the new administration is quite committed to modernization of the country,” Salvetti, who visited Uzbekistan earlier in 2018, said.
According to him, the Rotschild’s operation model in Kazakhstan is also applicable for Uzbekistan.
“We can consult the state government on privatization, helping them to reform the banking sector,” Salvetti added.