BG Capital - Georgia issued the following announcement on Dec. 6.

Galt and Taggart continues to expand the macro coverage of the regional economies with an ambition to become a regional investment bank and meet clients investment needs. The company continues to introduce the region’s economic potential to its investors. The latest report provides analysis of Uzbekistan’s economic developments, challenges and prospects.

“Currently, investors see a huge potential in the region and the demand for Galt and Taggart analytical products are on the rise. Uzbekistan has the potential to become the largest economy in Central Asia given its natural resources combined with the government’s commitment to promote private sector-led growth. The government launched broad based reform program in 2017 to liberalize the economy and to change Uzbekistan’s international reputation from a difficult investment destination to an investment heaven. Uzbekistan already implemented a series of reforms under its development strategy in 2017-18, which were rapidly acknowledged by international observers. Attraction of foreign investments is planned through the development of capital markets. The country is currently working on obtainging sovereign credit rating from international rating agencies which is prerequisite for Eurobond issuance planned in Q1 2019. We believe that our report will help potential investors evaluate investment opportunities in the country” - commented the company’s Managing Director Otar Sharikadze.

Please see the detailed report here.

Original source can be found here.