Tashkent to present the possibilities of financing textile projects under SERV and Swiss banks

Tashkent, Uzbekistan (UzDaily.com) -- On 7 June, a presentation on the topic “Possibilities for financing textile projects on insurance of export funds” will be held in Tashkent.

The event was organized by the Swiss company RIETER with the support of the Association "Uztekstilprom". Rieter has been cooperating with Uzbekistan for 25 years, supplying more than 180 textile factories in all regions of the country with modern equipment and spare parts through its subsidiaries. The company has its own service center. In 2019, Rieter plans to supply technological equipment worth over US$100 million to the Uzbek market.

The presentation will be attended by representatives of the Swiss State Insurance Company SERV and Swiss banks: Credit Suisse, ZKB (Zurich Cantonal Bank), UBS and Commerzbank Zurich. SERV is a state-owned insurance company established to promote Swiss foreign trade and economic cooperation by promoting the export of Swiss goods, technologies and services, and also promotes foreign investment by national companies by insuring export credits and investments against the risks of non-payment.

For the first time in Uzbekistan, the possibilities of financing projects involving foreign resources from Commerzbank, ZKB, Credit Suisse and UBS with the support of SERV for textile spinning projects will be discussed in detail.

Also, participants will be given the opportunity to hold discussions with representatives of the Swiss side.