Shavkat Mirziyoyev met with leaders of leading German companies and financial institutions

As part of his visit to Germany, Shavkat Mirziyoyev held a meeting with the heads of leading companies and financial institutions of this country on May 3. On behalf of Germany, the Eastern Committee of the German Economy, the German-Uzbekistan Business Council, the German Energy Agency, CLAAS, Knauf, Siemens Energy, Lasselsberger, Aurubis, Linde Group, Gunter Papenburg, Falk-Porsche-Technik, Mangold Consulting, DB Engineering participated in the event. , heads of about thirty largest companies and banks, such as Landesbank, Commerzbank, KfW Bank, Deutsche Bank, took part. Opening the meeting, the President of Uzbekistan noted that high trust and mutual respect have been established in relations with Germany. More than 60 projects with a total value of more than 5 billion euros are being implemented in Uzbekistan with the participation of German partners. In recent years, the volume of German investments has reached 4 billion euros, the number of joint ventures has doubled. "Locomotives" of the German economy, such as CLAAS, Knauf, Gunter Papenburg, Linde Group and Falk-Porsche-Technik, are successfully operating in Uzbekistan. The German-Uzbekistan businessmen's council chaired by the Prime Minister of Uzbekistan has become an important mechanism for regular coordination of cooperation. The President noted that business circles can and should play the main role in the implementation of important agreements reached during this visit and future plans. In particular, new trade, finance and investment agreements worth 9 billion euros were signed on the development of industrial cooperation and expansion of technological partnership within the framework of the Uzbek-German business forum held yesterday. These include big projects in "green" energy, development of transport infrastructure, metallurgy, water supply, agriculture, chemistry, mining, automobile, textile, electrical engineering industry and other areas. It is planned to expand cooperation in the field of banking and finance, including with the largest German banks, such as Deutsche Bank, Commerzbank, KfW and Landesbank, on project financing. Shavkat Mirziyoyev noted that Uzbekistan is ready to become an effective and reliable place for German business in the conditions of large-scale and serious fluctuations in the world economy. For this purpose, the necessary conditions and unique opportunities for investors, a favorable fiscal system have been created - the number of taxes has been reduced, VAT rates have been reduced, and a number of customs duties have been abolished. Administrative reforms were implemented. In accordance with the new Constitution of the Republic of Uzbekistan, the guarantees of the inviolability of private property have been strengthened, and the provisions regarding the state's creation of conditions for fair competition and the independence of the judicial system have been clearly strengthened. Now it was noted that the rights of investors will be ensured and their protection in court will be guaranteed by the state. From now on, not entrepreneurs, but state agencies are obliged to prove the legality of their decisions. Also, any ambiguities that arise will be resolved in favor of the investors. "When a foreign investor thinks of Uzbekistan, he should first of all think of stability, reliability and peace of mind for the future. We are ready to create all conditions for every German entrepreneur to feel free and bold in our country. "If we combine Germany's advanced developments and innovative technologies with Uzbekistan's resources and human potential, we can achieve great results," the president said. Dialogue with businessmen once again demonstrated the great interest of the German business community in the development of cooperation. During the exchange of ideas, the representatives of the business circles of the GFR highly appreciated the practical importance of the reforms implemented in Uzbekistan and noted that this will serve to realize the boldest and long-term plans of German business for investment activities in our country. At the meeting, leaders of German companies made clear proposals. He expressed his readiness to continue practical cooperation and expand cooperation by introducing high-tech and innovative solutions in priority areas. Shavkat Mirziyoyev sincerely thanked the representatives of German business for their current initiatives, noted with pleasure that the dialogue was meaningful, and asked the heads of relevant ministries and agencies to approve the "road map" that takes into account the joint development of projects and the implementation of the agreements reached within the framework of the visit. gave an assignment.