Tashkent, Uzbekistan (UzDaily.com) -- In Brussels, a representative of the Ministry of Investment and Foreign Trade of Uzbekistan, Aziz Khamidov, took part in the official publication of the report “Assessment of investment risks in the energy sector” (EIRA 2019).

Earlier, the Ministry of Investments and Foreign Trade, together with experts from the Energy Charter Secretariat, developed a draft country profile for Uzbekistan to assess investment risks in the energy sector.

EIRA analyzes and considers the risks associated with unpredictable political and regulatory changes, discrimination against foreign investors and violation of state obligations. The report helps governments identify and address regulatory gaps in the energy sector, thus increasing its attractiveness to foreign investment. In addition, the publication provides the business community, investors, and financial institutions with insights into specific aspects of the policy and regulatory environment in the countries in question.

The Republic of Uzbekistan was first represented in the EIRA 2019 publication along with 34 member countries of the Energy Charter. According to the publication, the level of country investment risk of the Republic of Uzbekistan is generally defined as low.

The official event was attended by senior representatives of governments, international organizations, financial institutions and industry.

An EIRA website has also been launched. It is intended to provide comprehensive and updated data on the regulatory framework of the participating countries. The website predicts the country's annual development path for various EIRA parameters, provides detailed information on each issue in the EIRA questionnaire, and includes an online library of over 1,500 primary legal documents.