19.03.25
On March 18, the Minister of Investments, Industry, and Trade of the Republic of Uzbekistan, Laziz Kudratov, met with a delegation from the Hungarian conglomerate OTP Group and took part in the signing ceremony of several bilateral documents related to the implementation of a large investment project with a company within the group.
The Uzbek side at the meeting was headed by Deputy Prime Minister Jamshid Khodjayev, while the Hungarian side was led by OTP Green CEO, Gergely Pokos.
During the negotiations, the parties discussed current issues of Uzbek-Hungarian cooperation, measures to create favorable conditions for foreign investors in Uzbekistan, and mechanisms for supporting foreign business in the country.
It was noted that the development of bilateral interaction is gaining momentum due to the established high-level political dialogue. Hungarian entrepreneurs trust Uzbekistan, as evidenced by the agreements and contracts worth 1.3 billion dollars signed in October 2022 during the official visit of President Shavkat Mirziyoyev to Hungary.
The main goods traded between the two countries include textile products, food products, pharmaceutical goods, mechanical and electrical equipment. As of October 1, 2024, there are 12 enterprises operating in Uzbekistan with Hungarian capital, including seven joint ventures and five companies with 100% foreign ownership.
In a constructive manner, the parties discussed the details of a large-scale project to create a poultry cluster in the Syrdarya region. The project, being implemented by ZA-Invest Poultry, a company within OTP Group, and funded by the OTP Green Fund, involves the construction of eight poultry farms, an incubator, a slaughterhouse, a processing plant, a feed mill, refrigeration, and administrative buildings on a 130-hectare site. The planned capacity of the cluster will be 16 million broiler chickens and 120 thousand tons of feed per year.
