Finance

The People’s Bank and Berliner Sparkasse signed an agreement for 30 million euros

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The People’s Bank and Berliner Sparkasse signed an agreement for 30 million euros
The People’s Bank and Berliner Sparkasse signed an agreement for 30 million euros

Tashkent, Uzbekistan (UzDaily.uz) -- The People’s Bank of Uzbekistan and the Berliner Sparkasse - Branch of Landesbank Berlin AG (Germany) signed an agreement worth 30 million euros.

 

The German bank will provide loan funds to the Uzbek side. The funds will be used for the development of agriculture in Uzbekistan.

In particular, loan funds can be used to import equipment for the production of export-oriented products or the acquisition of pedigree cattle.

Anvar Umarov
Anvar Umarov

Anvar Umarov is the founder and editor-in-chief of UzDaily, a leading business and news publication covering Uzbekistan and Central Asia. With over 20 years of experience in journalism, he has also worked as a PR manager for both state and private organizations, bringing a broad perspective on media, communications, and public affairs to his editorial leadership.
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