The Uzbekistan – Germany Business Forum was held with the participation of leading German companies and financial institutions of the two countries on the eve of the high-level visit of President of Uzbekistan Shavkat Mirziyoyev to Germany on May 2, UzA reported. A solid package of agreements was signed between the business circles of Uzbekistan and Germany. The participants exchanged views on promising areas of interaction and the implementation of new growth points. According to the NBU, among the significant agreements concluded at the Business Forum, there was also a cooperation agreement on attracting a credit line for pound 100 million, signed between the JSC National Bank for Foreign Economic Activity of Uzbekistan (NBU) and Landesbank Baden-Wrttemberg (LBBW). The agreement allows the NBU, on exclusive terms, to attract long-term and concessional financing for investment projects, including in the textile industry and alternative energy, under the cover of the Euler Hermes export credit agency. Agreements were also reached with the German side on financing the textile industry projects with a project cost of pound 143 million through the credit line of LBBW, the implementation of which will contribute to the creation of more than 2,000 new jobs and increase the export potential of this sphere.
Source: Central Asian News Services