(MENAFN- Trend News Agency ) Baku, Azerbaijan, Nov.16
By Nigar Guliyeva - Trend:
Uzbek Trustbank and German Commerzbank signed a memorandum on mutual cooperation, the Uzbek side reported Nov.16.
The Memorandum was signed to implement the tasks of the decree of Uzbek president on "Strategy of actions on five priority directions of the development of Uzbekistan in 2017-2021".
"Attraction of foreign investments is a key task in the development of the national economy," said Sardor Normuhamedov, Chairman of the Board of "Trustbank".
He noted that Uzbekistan has created a solid legal basis for attracting foreign investments and their effective use is ensure.
"Uzbekistan regards foreign investment as a factor in further improving the pace of economic growth, applying best practices, modernizing and renewing production, supporting small and private entrepreneurship, increasing the incomes of citizens by creating new jobs," he added.
During the meeting, topical issues of bilateral cooperation and plans for the future were discussed.
Earlier, the Uzbek banks signed memo with Austria's Raiffeisen Bank International.
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