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German BVMW association outlines priority of work in Uzbekistan

Business Materials 20 July 2020 11:44
German BVMW association outlines priority of work in Uzbekistan

BAKU, Azerbaijan, July 20

By Ilkin Seyfaddini - Trend:

The Embassy of Uzbekistan in Berlin held a meeting with CEO of the German Association for Small and Medium-sized Businesses (BVMW) Markus Jerger, Trend reports with reference to Dunyo News Agency.

According to Jerger, over the past three years Uzbekistan has undergone impressive changes and large-scale market reforms made the country attractive for German investors.

This, in turn, was a prerequisite for the decision taken by the association's leadership to open a BVMW office in Tashkent, which began operating in July 2020.

German side stressed that assessments by authoritative international institutions and publications, in particular, the IMF, the World Bank and British «The Economist» magazine, which predict sustainable economic growth in Uzbekistan even in the conditions of coronavirus around the world, have also played an important role in making this decision.

"Among the most promising areas of bilateral cooperation have been identified such priority areas for Uzbekistan as production of construction materials, chemical, pharmaceutical, textile and leather-shoe industries, processing of agricultural products, mining and processing of minerals, transport logistics, tourism and others," the message said.

Following the talks, the two sides agreed on a range of joint measures and agreed to organize a German business delegation headed by President of BVMW Mario Ohoven to visit Uzbekistan in autumn 2020.

German Federal Association of Small and Medium Businesses is the largest association in Germany that represents the interests of small and medium-sized businesses.

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