Nesli Neslihan Girgin

S&P Global Ratings upgrades Kapitalbank's credit rating to 'B+' JSCB "Kapitalbank" the sixth largest bank in Uzbekistan by total assets as of June 1, 2024, commands significant shares of both the retail lending (11.5%) and retail deposits (20%) markets. 👉Details — https://lnkd.in/dz-qkkdH #Kapitalbank #Uzbekistan #Banking #CreditRating #Finance #Economy #FinancialNews #Sustainability #Investing #EmergingMarkets

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#newsweek #azerbaijan Trade cooperation between Azerbaijan and Uzbekistan is one of the main directions in economic relations during last several years. Last year, the volume of trade turnover with Uzbekistan was close to USD 180 million dollars. In the first 5 months of this year, this indicator was approximately USD 70 million dollars. More than 90 Uzbek companies in the fields of industry, trade, transport, construction, agriculture and services are registered in Azerbaijan. With investments from Uzbekistan to Azerbaijan and vise versa, growing trend soon will create new openings and economic niches in Baku. Don't forget currently developing Alat Free Trade Zone where companies from China already plan to set up several production in coming years, to then re-export the goods to Europe from Poti Port.

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According to the Sustainable Development Report 2024 published today, Uzbekistan ranked 81st out of 166 countries. Full report by Sustainable Development Solutions Network: https://lnkd.in/drhzZYtJ #uzbekistan #sustainability #sdg #rating

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Plans for economic and investment cooperation between Uzbekistan and Turkey and Saudi Arabia have been considered under President Shavkat Mirziyoyev, the press service of the head of state reported. During the official visit of the president to Turkey last week, 158 new projects worth $10.1 billion were formed following the results of the third meeting of the Uzbek-Turkish Strategic Cooperation Council and a meeting with the heads of companies of the two countries. These projects cover such areas as industry, energy, mining and geology, transport, healthcare and agriculture. Information was provided at the meeting on the measures that will be taken to develop trade and economic cooperation. In particular, it is planned to expand the range of goods within the framework of the bilateral Agreement on preferential trade, reduce tariffs and duties on textiles, leather and footwear, electrical and handicrafts, and open a trade representative office of Uzbekistan in Istanbul. It is also planned to develop a roadmap for the development of mountainous territories based on the Turkish experience, introduce an agricultural insurance system, and open an Uzbek-Turkish seed testing Center that meets international standards. With the companies, Saudi Arabia has formed a list of 34 investment projects with a total value of $24.1 billion with the participation of companies. Within the framework of these projects, it is planned to allocate funds in the amount of 2.5 billion dollars this year, including 1.5 billion dollars of investments in the framework of additional 13 projects in the field of transport, digitalization, infrastructure, healthcare and energy. At the meeting, attention was paid to the intensification of the work of the Uzbek-Saudi Business Council. The importance of completing negotiations and starting work on new promising projects in the field of ecology, mining and financial cooperation with a total value of $6.5 billion, formed within the framework of the council, was stressed. https://lnkd.in/dV57E9tn

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Uzbekistan and Türkiye set sights on $5bn trade boost Uzbekistan will establish a trade representative office in Istanbul to facilitate and strengthen economic ties between the two countries 👉Details — https://lnkd.in/dH4zR6HD #UzbekistanTurkeyTrade #TradePartnership #EconomicTies #BilateralTrade #TradeBoost #TradeRepresentative #EconomicDiplomacy #TradeFacilitation #StrengtheningTies #RegionalCooperation

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The Board of Governors of the Black Sea Trade & Development Bank (BSTDB) held a Special Meeting under the Chairmanship of the Republic of Türkiye. The Governors evaluated the Bank's operational activities and approved the 2023 financial statements.   During the meeting, the Board emphasized the strategic focus on consolidation and the health of the Bank's operational portfolio. Key discussions highlighted BSTDB's efforts to maintain crucial indicators such as capitalization and liquidity, which are essential for stability and growth.   The financial statements revealed a significant turnaround, with increased efficiency and improved operations leading the Bank back to profitability, reversing the 2022 losses. This remarkable achievement reflects our management and staff's hard work and dedication.   "We believe that our strong financial position will enable us to better serve our clients and contribute positively to the regional economy," said Osman Çelik, Deputy Minister of Finance & Treasury of the Republic of #Türkiye and Chair of the Board of Governors.    Dr. Serhat Köksal, BSTDB President, added, "By enhancing efficiency and improving our operations, we have stabilized our financial position and laid a strong foundation for future growth."    The Governors reaffirmed their dedication to fostering a sustainable and prosperous future for the Bank, the Black Sea Region, and all its stakeholders.   Details at: https://bit.ly/3zztjnB   #development #EconomicGrowth #BlackSea #profitability #BSTDB

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Kazakhstan fintech market sees exponential growth: key trends and future outlook: Fintech now dominates venture capital deals in the country, accompanied by a noticeable rise in "bank+fintech startups" partnerships. Market Trends.

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🇹🇲Turkmenistan to negotiate economic cooperation with 🇺🇿Uzbekistan The agenda includes the intensification of general work related to the commissioning of border trading houses. 👉Details: https://lnkd.in/dFDyrNae #Turkmenistan #Uzbekistan #EconomicCooperation #BorderTrading #Negotiations #DaryoNews

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Turkey and Uzbekistan are the two largest countries in the Turkic world. As a result, the rela- tionship between them is a determining factor for the prospects of Turkic cooperation. For most of three decades, the difficulties in the bilateral relationship was a key impediment to Turkey’s influence in Central Asia. Since 2016, however, the arrival of a new leadership in Uzbekistan coincided with Turkey’s turn in a nationalist direction to provide a major boost toward a more fruitful and cooperative relationship. While Turkey’s relations with Uzbekistan have much ground to make up compared to its ties with Azerbaijan and Kazakhstan, the two states have made it priority to do just that. https://bit.ly/4dUdB60

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Bir əməliyyata bu qədər kağız israf etmək olarmı? Özü də COP29 ərəfəsində. Maliyyə sektoru olaraq mütləq şəkildə rəqəmsal qəbzlərə keçid etməliyik. Is it ok to waste this amount of paper for a single transaction? Especially during COP29 eve. We have to transform to digital receipsts, asap.

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Making Türkiye an attractive investment destination continues to be a priority for the government. For the period 2021 – 2023, a comprehensive foreign direct investment (FDI) strategy program was published by the Presidency Investment Office of the Republic of Türkiye, aiming to increase Türkiye's FDI share in the global FDI market. The Medium-Term Program for 2024 – 2026 provides foundational principles for the enhancement of the business and investment environment in Türkiye.   Our Partner, Sezin Elçin Cengiz, together with our Associates, Zeynep Özgültekin and İlayda Akça, contributed to the Turkey Chapter of White&Case’s 𝗙𝗗𝗜 𝗥𝗲𝘃𝗶𝗲𝘄𝘀 𝟮𝟬𝟮𝟰: 𝗔 𝗚𝗹𝗼𝗯𝗮𝗹 𝗣𝗲𝗿𝘀𝗽𝗲𝗰𝘁𝗶𝘃𝗲 publication, which provides a comprehensive look at FDI laws and regulations in more than 40 countries worldwide. Please see the following link for the 𝗧𝘂𝗿𝗸𝗲𝘆 𝗙𝗗𝗜 𝗥𝗲𝘃𝗶𝗲𝘄 𝟮𝟬𝟮𝟰 – an 8 min. read at https://lnkd.in/gmk3xhcw. #copartners #investment #foreigndirectinvestment #FDI 

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During 2024 Spring Meetings at the International Monetary Fund (IMF) and the World Bank (WB) in Washington D.C., the Governor of the Central Bank of the Republic of Kosovo (CBK), Ahmet Ismaili has met with the Director of the Department of Statistics and Chief Statistician at the IMF, Mr. Bert Kroese.   🔵 Discussion on reforms and future developments in the field of statistics, in function of advancement of data preparation and increase transparency 🔵 Discussion on the advancement of CBK reporting from the General Data Dissemination System (GDDS) to the Special Data Dissemination Standard (SDDS) - Development of the Real Estate Price Index (HPI); - Further development of the model for measuring the circulation of the cash; and - Cooperation with relevant institutions in the advancement of financial accounts 🔵 It was confirmed that the IMF's support for the CBK will continue in the future in order to increase capacities and development reforms in the field of statistics and publications. News link 🔗 https://shorturl.at/hsY27

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Exciting times ahead for aviation collaboration between the UK and Türkiye!   Read my recent article 👇  to discover how our growing partnership is shaping the future of sustainable aviation 🇬🇧 🇹🇷

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🔗 https://lnkd.in/gMXWVgys 📝 Challenges and opportunities in the development of micro, small, and medium-sized enterprises (MSMEs) in Central and West Asia 👤 Leyla Huseynova #Asia #business #competitiveness #corruption #enterprises #government #loans

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The Shanghai Cooperation Organization (SCO): A Multifaceted Regional Alliance **Historical Background and Membership** The Shanghai Cooperation Organization (SCO) is a significant intergovernmental organization that originated from the Shanghai Five, founded in 1996. It was officially established in 2001 with China, Russia, Kazakhstan, Kyrgyzstan, Tajikistan, and Uzbekistan as its founding members. The SCO has since expanded to include India, Pakistan, and Iran, with Belarus joining most recently in 2024. It also engages with observer states and dialogue partners, making it a pivotal entity in Eurasian geopolitics. **Core Objectives** The SCO's primary objectives are to foster mutual trust and neighborly relations among its members, promote effective cooperation in political, trade, economic, and cultural spheres, and maintain regional peace, security, and stability. **Key Achievements** Over the years, the SCO has made significant strides in enhancing regional security and economic development. It has been instrumental in combating the "three evil forces" of terrorism, separatism, and extremism, and has developed a robust framework for economic cooperation among member states. **Economic Initiatives** The SCO's economic agenda includes ambitious projects like the Belt and Road Initiative (BRI), which aims to improve regional connectivity and trade. The Astana Light Rail Project exemplifies infrastructure development, while energy cooperation has seen the advancement of pipeline networks and integrated power grids, bolstering the region's energy security and economic interdependence. **Cultural Exchanges** Cultural exchange programs under the SCO banner have played a crucial role in enhancing mutual understanding and solidarity. These include art festivals, exhibitions, and the promotion of cultural heritage, which have enriched the intercultural dialogue among member states. **Anti-Terrorism Efforts** The Regional Anti-Terrorist Structure (RATS) is the SCO's dedicated arm for coordinating anti-terrorism efforts. It facilitates intelligence sharing, joint operations, and the development of unified strategies to combat terrorism, thereby enhancing the collective security of the region. **Global Financial Systems and Blockchain** The SCO is exploring the use of blockchain technology to streamline payments within the organization. This innovation could potentially offer enhanced security, efficiency, and interoperability in financial transactions, impacting global financial systems at large. #intelligencematters

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