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Uzbek financial sector flourishing, as Big Four expanding countrywide

Uzbekistan Materials 21 April 2023 15:24 (UTC +04:00)
Uzbek financial sector flourishing, as Big Four expanding countrywide
Nazrin Babayeva
Nazrin Babayeva
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BAKU, Azerbaijan, April 21. The financial services sector of Uzbekistan attracts UK companies, as a result, they steadily increase their business operations in the country, UK ambassador to Uzbekistan Tim Torlot told Trend.

The ambassador says that, during the last six years, accounting firms have been actively expanding in Uzbekistan.

“The Big Four firms such as PWC, Deloitte, KPMG, EY and the legal firms such as Dentons have increased the number of their employees in Uzbekistan by a multiple over the last several years. KPMG, for example, started its business with just 4 people in 2017 and now has more than 250 employees”, the ambassador said.

“KPMG, for example, plans to hire another 100 over the next twelve months. A similar trend can be seen in the other Big Four companies as well,” Torlot said.

KPMG, back in 2022, signed the auditor's report with the major Uzbek companies such as Uz-Kor Gas Chemical, Kapitalbank, Uzkimyosanoat, UNIVERSAL LOGISTICS SERVICES, etc.

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