Tashkent and Budapest have agreed to establish a Special Investment Fund with an authorized capital of €50mn to finance specific projects of Hungarian companies in Uzbekistan. This was announced during a virtual meeting of the Minister of Investment, Industry, and Trade of Uzbekistan, Laziz Kudratov, with the Minister of Economic Development of Hungary, Marton Nadem, Dunyo reports.
Reportedly, the newly established Fund will finance specific projects of Hungarian companies in Uzbekistan. Besides, the Hungarian side confirmed the intention of Bonapharm to establish a poultry cluster in the Tashkent region. Work is underway to organize a liquorice processing complex in the Republic of Karakalpakstan by Hagyo, Polus, and Uzbek partners.
Projects on innovative drug production with Meditop Pharmaceutical production of auto components with Raba Automotive Holding and Joyson Safety Systems were also touched upon. The parties agreed to take joint measures to support the initiators in successfully implementing each project.
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