Independent Franco-German financial services group considering projects in Uzbekistan

Uzbekistan Materials 28 October 2021 17:59 (UTC +04:00)

BAKU, Azerbaijan, Oct.28


ODDO BHF, an independent Franco-German financial services group, may take part in financing new investment projects in the textile industry of Uzbekistan, Trend reports with reference to the Uzbek media.

The mentioned issue was discussed during negotiations between the Uztekstilprom Association and ODDO BHF.

During the meeting, representatives of ODDO BHF informed about their interest in establishing close cooperation with enterprises of the textile industry of Uzbekistan.

It was emphasized that the group can take part in financing new investment projects in the textile sector in Uzbekistan.

It was noted that the main requirement of the group for the implementation of direct financing of the project without the participation of banks of Uzbekistan is the compliance of the financial and accounting reports of the textile diggers.

According to the information, the parties agreed on a procedure for joint actions for the implementation of pilot projects in Uzbekistan with the involvement of ODDO BHF financial instruments.

Also, an agreement was reached to continue negotiations in this direction during the visit of the delegation of Uzbekistan to Germany in November this year.