PRESS RELEASE eng
PRESS RELEASE
On September 12, the Avesta Investment Group, in collaboration with partners EUROUZ and CPR, organized an "Attracting International Debt Funding for Uzbek Companies" event featuring a panel discussion moderated by Mr. Karen Srapionov, the Managing Partner at Avesta Investment Group. The event was sponsored by the GreyStar Real Estate Partners – the only European construction company in Uzbekistan. The session addressed key topics such as current market trends, the increasing significance of private entities in debt funding, and the imperative for local firms to access global funding sources. Experts shared insights on strategies to optimize financial profiles to meet international standards and the advantages of international financing.
The event began with an opening speech by Mr. Kodirjon Norov, the founder of Avesta Investment Group, emphasizing the importance of attracting international debt resources for the sustainable economic growth of the country. Distinguished speakers at the event included Ms. Tatyana Budey, CFO of JSC Uzmetkombinat; Mr. Bozidar Djelic, Managing Director of Lazard for Central and Eastern Europe, CIS, and Turkey; Mr. Mirshod Aslanov, Director of the Center for Progressive Reforms; Mr. Calin Anton, the CEO of Grey Star; Mr. Otar Sharikadze, Advisor to the Deputy CEO of TBC Bank; and Mr. Eldan Usubakunov, the Managing Partner of Highland Capital.
Throughout the conference, various critical issues were discussed regarding the changing landscape of debt funding and financial strategies in Uzbekistan. The shift towards reduced government involvement in debt funding was highlighted, with a noticeable increase in the engagement of private entities in state debt affairs. This trend was accompanied by a decrease in state-owned companies seeking funds without state guarantees, emphasizing the growing need for local firms to seek funding from global sources. The significance of accessing foreign loans and diversifying funding streams was underscored, with speakers advocating for transparency and open communication to clarify the processes involved in securing such financing.
Discussions also focused on the importance of public debt growth as a natural progression for developing countries, stressing the necessity for an open public relations strategy to educate the public on these financial processes. Various strategies for attracting debt funding were explored, with an emphasis on fostering investments and nurturing partnerships across different regions. The opportunities presented by export financing through export credit agencies (ECA) were highlighted, as well as the role of investment consultants in enhancing company transparency, boosting investor confidence, and promoting sound corporate governance practices. Additionally, alternative financing methods such as private equity transactions were showcased as effective means to complement traditional bank loans, showcasing the potential for regional entrepreneurs to explore diverse avenues for investment and growth.
The event concluded with a dynamic Q&A session involving the speakers, fostering an interactive and enriching dialogue among the panelists.
On September 12, the Avesta Investment Group, in collaboration with partners EUROUZ and CPR, organized an "Attracting International Debt Funding for Uzbek Companies" event featuring a panel discussion moderated by Mr. Karen Srapionov, the Managing Partner at Avesta Investment Group. The event was sponsored by the GreyStar Real Estate Partners – the only European construction company in Uzbekistan. The session addressed key topics such as current market trends, the increasing significance of private entities in debt funding, and the imperative for local firms to access global funding sources. Experts shared insights on strategies to optimize financial profiles to meet international standards and the advantages of international financing.
The event began with an opening speech by Mr. Kodirjon Norov, the founder of Avesta Investment Group, emphasizing the importance of attracting international debt resources for the sustainable economic growth of the country. Distinguished speakers at the event included Ms. Tatyana Budey, CFO of JSC Uzmetkombinat; Mr. Bozidar Djelic, Managing Director of Lazard for Central and Eastern Europe, CIS, and Turkey; Mr. Mirshod Aslanov, Director of the Center for Progressive Reforms; Mr. Calin Anton, the CEO of Grey Star; Mr. Otar Sharikadze, Advisor to the Deputy CEO of TBC Bank; and Mr. Eldan Usubakunov, the Managing Partner of Highland Capital.
Throughout the conference, various critical issues were discussed regarding the changing landscape of debt funding and financial strategies in Uzbekistan. The shift towards reduced government involvement in debt funding was highlighted, with a noticeable increase in the engagement of private entities in state debt affairs. This trend was accompanied by a decrease in state-owned companies seeking funds without state guarantees, emphasizing the growing need for local firms to seek funding from global sources. The significance of accessing foreign loans and diversifying funding streams was underscored, with speakers advocating for transparency and open communication to clarify the processes involved in securing such financing.
Discussions also focused on the importance of public debt growth as a natural progression for developing countries, stressing the necessity for an open public relations strategy to educate the public on these financial processes. Various strategies for attracting debt funding were explored, with an emphasis on fostering investments and nurturing partnerships across different regions. The opportunities presented by export financing through export credit agencies (ECA) were highlighted, as well as the role of investment consultants in enhancing company transparency, boosting investor confidence, and promoting sound corporate governance practices. Additionally, alternative financing methods such as private equity transactions were showcased as effective means to complement traditional bank loans, showcasing the potential for regional entrepreneurs to explore diverse avenues for investment and growth.
The event concluded with a dynamic Q&A session involving the speakers, fostering an interactive and enriching dialogue among the panelists.