Tashkent, Uzbekistan (UzDaily.com) – On 13 December 2019, the Ambassador of Uzbekistan to the UK, Said Rustamov, met with Nikil Rati, General Director of the London Stock Exchange (LSE), on the site of which about 50% of all international stock trading is carried out.

The head of LSE praised the successful placement by Uzbekistan of sovereign Eurobonds at the exchange site in February 2019 in the amount of US$1 billion, as well as bonds of Uzpromstroybank for US$300 million in November. The manifested demand from British and international portfolio investors, which has exceeded the size of the initial offer packages by several times, reflects confidence in the capital market of Uzbekistan, the correctness of the course of large-scale reforms carried out under the leadership of President Shavkat Mirziyoyev.

The sides also discussed issues of further cooperation with the LSE, expanding assistance to the development of the domestic capital market. In particular, agreements were reached on the development and implementation of a training program for employees of the Republican Commodity and Raw Materials Exchange “Toshkent”, the Tashkent Currency Exchange and other interested structures of the country, including advanced training of Uzbek specialists at the LSE site, exchange of experience on “dual listing” Uzbek companies at the same time on the London and Tashkent stock exchanges.

Plans have been outlined for organizing presentation events on the LSE base next year on the trade, economic and investment potential of Uzbekistan, the privatization process in the country for potential investors from among the exchange's client companies.

Also, the participation of the Uzbek side in the international conference "Growing Markets in Europe and Central Asia", which is planned in London in April 2020, with a presentation on Uzbekistan, was agreed.