On December 2, 2020 Laziz Kudratov, First Deputy Minister of Foreign Trade and Investment held a virtual round table with the members of the American Chamber of Commerce in Uzbekistan (AmCham) to discuss current business and investment climate and issues investors face while doing business in Uzbekistan. Members such as Hyatt Regency Tashkent, Coca-Cola, SkyPower Global, Wings Distribution Company and many others participated in the round table. President of the AmCham Hugo Minderhoud mod Read More...

On November 18, 2020 the American Chamber of Commerce in Uzbekistan (AmCham) organized a monthly online meeting with the representatives of Business Ombudsman (BO). The topic of the event was “System for Protecting the Rights of Entrepreneurs: Case of Uzbekistan”. Hugo Minderhoud, President, AmCham Uzbekistan, was moderating the event. After his opening speech, Hugo gave the floor to Mr. Jamshid Urunov, Deputy Commissioner for Protection of Rights and Legitimate Interests of Entrepreneurs un Read More...

Central Asian Governments are increasingly engaging in talks to increase regional economic cooperation including trade and investment links with Afghanistan. On November 18, USAID in the framework of Central Asian Trade Forum hosted a regional AmCham Network session "Growing business connectivity between Central Asia and Afganistan". In this panel session AmCham business leaders and member representatives from across the region and Afghanistan discussed joint opportunities for cross-border t Read More...

“We rely very much on the consultations with the business association like AmCham Uzbekistan”, Marco Mantonavelli, Country Manager, the World Bank Group. On 28 October 2020, the American Chamber of Commerce in Uzbekistan (AmCham) organized a webinar called “World Bank Group’s partnership with the public and private sectors in Uzbekistan”. Hugo Minderhoud, President of AmCham Uzbekistan was moderating the event. Three guests-speakers were invited: Marco Mantovanelli, Country Manager of World B Read More...

On October 13, the American Chamber of Commerce in Uzbekistan hosted a virtual regional round table discussion “Joining the Eurasian Economic Union: Perspectives from the Eurasian Business Community for Uzbekistan”. Tatyana Bystrushkina, Executive Director of AmCham Uzbekistan, moderated the event with leading economists from four Eurasian Economic Union (EAEU) member countries (Armenia, Kazakhstan, Kyrgyzstan, and Russia) and Uzbekistan.     Panelists:  Kassymkhan Kapparov Read More...

On 18 August, the American Chamber of Commerce in Uzbekistan (AmCham) organized another monthly online meeting. The President of AmCham Hugo Minderhoud was moderating the event. and the Deputy Minister of Finance Dilshod Sultanov was invited to be a speaker. The event was attended by about 30 representatives of member companies of the chamber, including Coca-Cola, General Motors, UzBAT, Hyatt, Ernst & Young, Nestle, CNH, and other local and foreign institutions. The American Chamber o Read More...

On May 21, in the midst of the COVID-19 pandemic situation in Uzbekistan, the AmCham has organized remotely its regular monthly meeting hosting HE Sodyq Safoev - the Senator and First Deputy Chairman of the Senate of the Oliy Majlis of Uzbekistan. More than forty AmCham members and private sector representatives from around the region have joined this online event and took active part in the lively policy deliberations and true public-private dialogue. The Senator opened the meeting with some Read More...

February 7, 2020 Business Mixer sponsored by S.Verenin’s Legal Group featured the presentation of "INVEST IN UZBEKISTAN!" mobile application. A very useful tool to match investment projects in Uzbekistan and investors features a database of investment projects, investment-related legislation in English among other things. Visit http://invest-in-uzbekistan.org/ and download the Tayyor.biz mobile application for more details Read More...

January AmCham Meeting Hosts Mr. Bekenov, director of the State Assets Management Agency More than 50 percent of the Uzbek gross domestic product (GDP) is produced by state enterprises. In some sectors, such as the energy sector and railroads, state participation can reach up to 70 to 100 percent. At the same time, these enterprises only employ 18 percent of the Uzbek workforce. As a result, excessive involvement from state institutions into the operations of state enterprises, along with lack Read More...

Comfort Technologies a dealer of several European office furniture manufacturers to Central Asia sponsored Business Mixer on October 18th at Wyndham Hotel. AmCham members and guests enjoyed the presentation on the comfortable office space that imrpoves productivity. Congratulations to a winner of a raffle- now lucky owner of EVA office chair! Read More...

The American Chamber of Commerce in Uzbekistan and Hyatt Regency Tashkent teamed up to create the first-ever Charity Ball to support children with cancer on Tuesday, October 16. The red-carpet event. sponsored by Hyatt Regency and the AmCham Corporate Responsibility Committee, attracted more than 300 guests at the hotel. In total, more than 316 million UZS was raised through ticket sales and an auction. All funds went directly to the Ezgu Amal Fund, the first officially registered fund in Uz Read More...

Mr. Jurabek Mirzamahmudov, First Deputy Minister of Energy and General Director of Uzatom, was the key presenter at the October meeting of the American Chamber of Commerce in Uzbekistan. Mr. Mirzamahmudov presented on “Energy Sector Reform in Uzbekistan.” According to Mr. Mirzamahmudov, the ministry recently designed its 2030 strategy power sector reform that includes institutional and power sector reform, private-public partnership, renewable energy development, corporate governance and reg Read More...

The first monthly meeting after the summer break featured Bobir Karimov, First Deputy Chairman Antimonopoly Committee of the Republic of Uzbekistan. UK educated, Bobir is an experienced lawyer who worked both in public and private sectors of Uzbekistan. “The task of governments in the developing markets is to balance between development of private property and competition”, started Karimov. “Following the adherence of Uzbekistan to liberal economic path, the State Antimonopoly committee was Read More...

PwC - AmCham Platinum member sponsored September 13th networking event. It was great to see old and new friends after the summer break. Indeed, over 10 new corporate members joined AmCham during summer. Over 70 participants enjoyed the networking event graciously organized by PwC team at Radisson Blue hotel. PwC is leader in providing tax, assurance and advisory services in Uzbekistan. For more details please see https://www.pwc.com/uz/en.html/ Read More...

May Business Mixer was sponsored by KINSTELLAR law firm- the leading independent law firm in Emerging Europe, Turkey and Central Asia, with offices in Almaty, Belgrade, Bratislava, Bucharest, Budapest, Istanbul, Kyiv, Prague, Sofia and Tashkent. Joined as Gold member in 2018, Kinstellar is an active part of AmCham Uzbekistan with Joel Benjamin part of AmCham board of Directors. “Uzbekistan’s ongoing reform program drives the development of all sectors of economy”, started Joel. “We see ma Read More...

Mr. Akram Mukhamatkulov, Deputy Director, Investment Promotion Agency under the Ministry of Investments and Foreign Trade of the Republic of Uzbekistan was honorable speaker of the May monthly meeting. Held in the Wyndham Hotel, the meeting hosted over 40 members of AmCham Uzbekistan. Recently created agency is multi targeted tool to promote positive image of the country, attract potential investment projects and serve as an intermediary between the investor of related governmental stru Read More...

The April Business Mixer for the American Chamber of Commerce in Uzbekistan (AmCham) was hosted by the Tashkent International Health and Education Service and held on the campus of Tashkent International School. The Business Mixer was dedicated to Corporate and Social Responsibility (CSR). Matthew Kuschel, executive director of Tashkent International Clinic and John Gates, director of Tashkent International School (TIS), presented the CSR projects recently implemented by the clinic and school Read More...

Atabek Nazirov, director of the Capital Market Development Agency (CMDA) of the Republic of Uzbekistan, spoke at April monthly meeting of the American Chamber of Commerce in Uzbekistan (AmCham) on April 12. Fifty representatives from the AmCham membership were present at the event, which was held at the Wyndham Tashkent Hotel. The CMDA was created by the Presidential Degree #4127 . As an authorized capital market regular, the agency aims to develop the capital markets in Uzbekistan and exercis Read More...

The implementation of mentorship programs in Uzbekistan is in its earliest stages. Only large multinational companies that have human resource (HR) departments are able to design and run comprehensive mentorship programs for their employees. Since most businesses in Uzbekistan are small, having a full HR department is often not feasible. Without a mentorship program or HR department, how can these small businesses develop their employees’ qualifications? What are the solutions for small busine Read More...

The March Business Mixer for the American Chamber of Commerce in Uzbekistan (AmCham) was sponsored by AKTE, LLC, an AmCham Gold Member. The March 26 event was held at Inha University of Tashkent as part of the Central Asian Women in Tech & Science Week, March 21-27. The networking event was an opportunity for members of AmCham to meet with representatives of 17 technology companies from the Silicon Valley in California, United States, such as Google, Symantec, Apple, Zenefits, LinkedIn, Mozil Read More...

The Intellectual Property Rights Committee (IPR) of the American Chamber of Commerce in Uzbekistan (AmCham) hosted an “IPR and Startups” seminar on March 26 during Women in Science and Technology Week. Companies invest significant resources for research and development, which contributes to the overall cost of the final product. In addition, significant resources are spent on marketing efforts. Consumers connect a corporate brand with a certain level of quality and reputation. Brands are prote Read More...

The Corporate Social Responsibility Committee of the American Chamber of Commerce in Uzbekistan (AmCham) hosted the screening of “Trashed” on March 14 for AmCham members and guests. The benefit screening of the documentary was organized with support from Hyatt Regency, an AmCham platinum member, and held within the framework of the Hashar Week project. The goal of the March 14 event was to raise awareness among corporations on the importance of introducing green practices into their corpora Read More...

DaVinci Management Consulting is a member of AmCham in Uzbekistan that specializes in management consulting with a focus on analysis, creation, and the implementation of business management systems as well as business processes and human capital development. DaVinci Management Consulting is recognized professionally as the most reliable and successful head hunting company in Uzbekistan. To celebrate the last day of winter, DaVinci Management Consulting sponsored the February Business Mixer t Read More...

This month’s meeting featured two prominent speakers from Washington DC, USA. The first speaker was Deputy Assistant Secretary David Meale of the State Department Bureau of Economics and Business Affairs. He paid his first official visit in his current role since his appointment in December of 2018. It was DAS Meale’s first visit to Uzbekistan in the framework of Annual BiLateral Consultations. (ABC), and led the U.S. Department of State South and Central Asian Affairs Principal Deputy Assist Read More...

AmCham Annual General Assembly 2019 (edited) Pursuant to the by-laws of the American Chamber of Commerce in Uzbekistan, members of the chamber gathered for the Annual General Assembly on February 12, 2019. The agenda of the meeting included the report on chamber activity in 2018, which included committee reports, events, publications, financial reports and the outline of the plan for work in 2019. The meeting concluded with the election of the Board of Directors for 2019 and the adoption of t Read More...

December’s monthly meeting featured a presentation by Mr. Odilbek Isakov, CFA and the Head of Debt Management Office and the Ministry of Finance Advisor. The event was held in the recently renovated Hotel International Tashkent and had over 70 guests in attendance. Mr. Isakov joined the Ministry of Finance in September of 2018 after having studied and worked in the UK for over a decade. He held different positions in the financial sector, including over 10 years with HSBC in London, UK. “ Read More...

For international business, especially multinational companies that operate globally, compliance is an important aspect of their activity. The failure to comply to the rules can have severe consequences for businesses. The best practices are stipulated by several legislative acts, which include the Foreign Corrupt Practice Act (FCPA) introduced in the USA in the 1970s and the EU’s main legislative act introduced by the GDPR in May of 2018. The FCPA enforced anticorruption and compliance and was Read More...

The tourism sector has contributed 10% to the global GDP last year. This sector of the economy requires a comparatively small investment while allowing for generation of hard currency inflow. The creation of small and medium enterprises and start-ups in technologically advanced countries in the private sector has provided much needed employment to the local population. Therefore, a full day was dedicated to the tourism industry of the Global Entrepreneurship Week ( GEW) held in Tashkent duri Read More...

AmCham in Uzbekistan joined with Legalmax Law Firm to present a seminar discussion on “Attracting Investment- The Case for Intellectual Property Rights”. The seminar was organized in the framework of the Eighth Annual Central Asia Trade Forum that was co-hosted by the United States Agency for International Development (USAID) and the Ministry for Foreign Trade of Uzbekistan. Over 100 participants attended from private sector companies in Central Asia and government officials from the State Cust Read More...

Members of AmCham in Uzbekistan and participants of the Eighth Central Asian Trade Forum (CATF) attended the October 17th Business Mixer at The Chef Restaurant to celebrate the successful launch of the Forum. Almost 500 participants from the private sector, international organizations and diplomatic missions attended the event. The Mixer was sponsored by AmCham member companies Agessa Group, Legalmax and Infranet Asia. All three companies have well established roots in Uzbekistan. INFRANET AS Read More...

Stomatologiya Budushego LLC, a long-standing member of AmCham in Uzbekistan, graciously sponsored our October Business Mixer. The Mixer was well organized and enjoyed by all who attended. It was held in the heart of the city, at the Crystal Garden. The event was well attended, with almost 100 guests, who enjoyed spectacular Mediterranean cuisine, while socializing on the lovely summer terrace. Director of Sadaf Dental Laboratory and a shareholder of Sadaf Clinics, Mr. Shohruh Mirzaev, welcome Read More...

The Minister of Innovative Development, Professor Ibrokhim Y. Abdurakhmonov, spoke before 60 members of AmCham and diplomatic corporations during the September 27th meeting. Created by a presidential initiative in November of 2017, the mission of the Ministry of Innovative Development is to ensure the accelerated innovative development of all sectors of the economy and social sphere by utilizing several strategies. These strategies include using advanced foreign experience, modern achievements Read More...

Business Mixer held on June 28th at the Restaurant “Jumanji” was sponsored by HOLOS LLC. The event was opened by AmCham Board Director, Otabek Muhammadiyev. In his speech Mr. Muhammadiyev thanked HOLOS for being AmCham’s longstanding member since 2001. He informed the guests that the next Business Mixer will be held in September and wished everyone a great summer. The floor was given to Khalmurat Manaev, one of the establishers and owners of HOLOS. He thanked AmCham for an enduring friendship Read More...

June’s monthly meeting was focused around the activities of the National Agency of Project Management Under the President of the Republic of Uzbekistan. The meeting was held in the restaurant “Dome” of the International Hotel Tashkent. As expected and as it usually is the event was well attended by our members, representatives of international organizations and diplomatic circles of Uzbekistan. Honorary speaker of the event was Mirpayoz Mirsaatov, the Head of the Public Procurement Supervisi Read More...

May’s second monthly meeting focused around H.E. Pamela Spratlen, and her departure from her post as Ambassador of the United States of America in Uzbekistan. All members of the American Chamber of Commerce were invited to the event, as well as representatives from several embassies. These included the Ambassador of Hungary, Switzerland, the EU, as well as members of the Latvian and French embassies. In addition, several non-member companies, such as Microsoft, Mars and Artishok, also attended Read More...

May’s Business Mixer was sponsored by the British School of Tashkent. The event featured AmCham’s member companies, as well as some other guests. Attendees were able to enjoy a delicious meal, which perfectly complemented the evening’s mood, allowing people to exchange business ideas and socialize. Finally, the students of the British School organized a tour of the new campus, allowing guests to see for themselves where the children would now be conducting their classes. The British School of Read More...

May’s monthly meeting was dedicated towards discussing up-and-coming investment opportunities across Uzbekistan. The American Chamber of Commerce invited all of its members, including honorary spekers, Mr. Alisher Tilyaev - Deputy Mayor of Tashkent, as well as Mr. Rustamkhon Azizov – Head of the Department of Investments, Innovations, Development of Tourism, and Assistance to Privatized Enterprises. Together, they explained which sectors of Uzbek economy were developing and which ones would be Read More...

Honorary speaker of April 18th Monthly Meeting was Associate Director of the European Bank for Reconstruction and Development in Uzbekistan, Mr. Alkis Drakinos . AmCham members as well as guests of AmCham, among them Ambassadors of Switzerland, Israel, Bangladesh and Slovak Republic came to hear about EBRD’s viewpoint on the recent reforms in Uzbekistan and its activities in Uzbekistan. At the beginning of the evening the floor was given to David Spears, former World Bank’s Country Manager t Read More...

For the second time in half a year our Gold member Perspektiva Stroy Invest invited members and friends of AmCham for the Business Mixer in Turkuaz restaurant of Wyndham Tashkent Hotel. Mr. Uḡur Akin, Director and shareholder of Perspektiva Story Invest and Tõnu Grünberg, Vice President of AmCham opened the meeting. Among the guests invited by Uḡur Akin was the First Chairman of the Chamber of Commerce and Industry of Uzbekistan Islam Jasimov, the Director of Uzbek-Turkish National Civilization Read More...

First Deputy Minister for the development of information technologies and communications of the Republic of Uzbekistan, Mr. Olimjon Muhamadjanovich Umarov was honorary speaker on April 4th Monthly Meeting held in Dome restaurant of International Hotel Tashkent. Transparency of his speech, intelligence and eagerness to cooperate in the direction of ITC development with AmCham and its member companies gained the sympathy of the event participants. During his speech Mr. Umarov told about priorit Read More...

On March 16th, 2018, the American Chamber of Commerce of Uzbekistan was happy to have successfully conducted its first Committee meeting discussing Human Resources. This meeting was attended by representatives of many international companies and their local subsidiaries, namely HRC, UzCarlsberg, Radisson Blue Hotel, Ernst & Young, UzBAT, KPMG, Nestle Uzbekistan, Ucell, Hotel Wyndham, and PepsiCo as well. The aim was to set goals for the Committee and discuss future developments in the HR sphere Read More...

Kosta Legal sponsored the February Business Mixer which was held in the Lotte City Hotel Tashkent Palace. The event which featured a talented band of a musicians was enjoyed by all guests, including members and friends of AmCham, representatives of local and foreign businesses, honorable Ambassadors of foreign countries, and international organizations. Tõnu Grünberg, Vice President of AmCham Uzbekistan, gave welcoming remarks emphasizing how honored the AmCham family is to have Kosta Legal o Read More...

Deputy Minister of Justice, Rector of the Institute of Law Yesemurat Kanyazov was an honorary speaker on the Monthly Meeting in February. The critical issues of the country image influencing on attraction of sustainable foreign investments were discussed during the monthly meeting. In his presentation Mr. Kanyazov raised the problem of educational system of Uzbekistan and lack of qualified specialists who will be able to implement business projects on the required level when investors open Read More...

The first plenary session of the Tourism and Hospitality Committee of AmCham Uzbekistan was held at the Hyatt Regency Tashkent on January 16, 2018 with the participation of members in the tourism and hospitality sector. Also participating were the Ambassadors of Israel, Bangladesh and Ukraine, representatives of the Latvian Embassy, the European Union Delegation, the Deputy Chairman of the State Committee of the Republic of Uzbekistan on Development of Tourism, Mr. Shakhrukh Sharakhmetov, and A Read More...

The January monthly meeting was dedicated to issues surrounding Uzbekistan’s accession to the World Trade Organization (WTO). USAID International Expert Mr. Jovan Jekic provided an overview of the process, as well as potential implications for an Uzbekistan with WTO membership. The history of WTO, basic principles, rules, and the accession experience of other WTO member countries was described in detail by Mr. Jekic in his speech. As a member driven organization, WTO members must closely Read More...

AmCham members enjoyed the warm hospitality of Wyndham Tashkent Hotel at the January business mixer, which was sponsored Train Consultancy LLC, Gold Member of AmCham Uzbekistan. The event was held within the Turkuaz Restaurant of the Wyndham Hotel, which served as a beautiful venue, kindly organized by Train Consultancy LLC. This is not the first time a business mixer has been organized and sponsored by Train Consultancy, which proved once again to be a memorable event enjoyed by all. “We Read More...

The AmCham monthly meeting for January 2018 featured guest speaker, Chairman of the Senate Committee on International Relations, Foreign Economic Relations, and Investments and Tourism, Mr Alisher Kurmanov. The meeting was very well attended, with 100 members and guests, including ambassadors of France, Bangladesh, UK, Ukraine, Slovak Republic and Hungary. Of particular interest were remarks about Uzbekistan’s development from Mr Kurmanov, such a prominent and highly respected statesman. “ Read More...

Our CSR Committee has restarted its activity after one year break. Newly elected CSR Committee Chairman Nodira Yadgarova gathered representatives of Ucell, Nestle and Train Consultancy, engaged in CSR activities in their companies, to discuss the plans for the next year. During the meeting it was revealed that the companies have their own charity projects and they are developed in order to cover directly or implicitly all stages of Maslow's Hierarchy of Needs. While helping people in need to sa Read More...

Laziz Kudratov, First Deputy Chairman of the State Committee of Uzbekistan on investments addressed AmCham members at the December monthly meeting. In his speech, Mr. Kudratov presented to members and guests the main reasons why investors should choose Uzbekistan for investment. The President’s strategic priorities, which are included in “Action strategy 2017-202” and directed at improving the investment climate and attraction of foreign direct investment, are real steps which are already ta Read More...

The monthly AmCham Business Mixer was held on 17 November in the Grand Ball Room of AmCham member Radisson Blu Tashkent, and sponsored by AmCham member Edu-Action. The November event attracted a high level of interest from our members, diplomatic circles, and high-profile representatives of the Uzbek educational sector. This high level of interest can be attributed to the presence of the Dean of Webster University, Eric W. Rothenbuhler, Ph.D., who was invited by Edu-Action to make a presentat Read More...

Chief of International Monetary Fund mission to Uzbekistan Albert Jaeger graciously accepted AmCham invitation to be an honorary speaker on the monthly meeting which was specially organized during IMF mission visit to Tashkent on November 7–16 in order to discuss the authorities’ plans to continue reforms of the economy and to update the macroeconomic framework. In accordance with Article IV of the IMF Agreement, representatives of the IMF regularly visit the Republic of Uzbekistan to hold co Read More...

Members and friends of AmCham were invited by our Gold member Perspektiva Stroy Invest, who volunteered to be a sponsor of the October Business Mixer, enjoying the great atmosphere of the Turkuaz restaurant in Wyndham Tashkent Hotel. The weather that evening cheered up the mood of the event as the guests had a chance to taste Turkish cuisine and discuss business opportunities not only in the inside the cozy restaurant, but also on the terrace under the open sky. AmCham President Mr. Hugo Minde Read More...

The October monthly meeting of AmCham Uzbekistan featured honorary speaker, Mr. Islom Jasimov, First Vice Chairman of the Chamber of Commerce and Industry in Uzbekistan (CCIU). Mr. Islom Jasimov’s began his speech by discussing the dynamic development of Uzbek-American relations, and the results of the American-Uzbek business forum which took place in September 2017, and was attended by the President of Uzbekistan Mr. Shavkat Mirziyoyev. On this threshold of a new era of American-Uzbek relatio Read More...