Igor Mazepa’s Post

https://lnkd.in/gbrsYQym Uzbekistan is undergoing a digital transformation, creating a growing demand for technology solutions, particularly in areas like fintech and e-commerce. However, UK businesses often lack awareness of the specific needs and opportunities within this sector. Investing in technology solutions tailored for the local market can provide significant benefits Investment in Infrastructure: There is an urgent need for improved infrastructure in Uzbekistan, particularly in transportation and logistics. The country’s trade potential is hindered by insufficient supply chain capabilities. GOV.UK . UK companies specializing in logistics and infrastructure development have opportunities to address these gaps, but many are unaware of how to effectively enter this market. Daryo.uz Economic Reforms and Market Stability: While Uzbekistan has been liberalizing its economy and promoting foreign investment, the transition from a state-controlled economy presents risks and uncertainties for investors. UK businesses may need to navigate complex regulatory environments, which can deter investment.Daryo.uz The Diplomatic Insight. Trade Agreements and Duties: Although there are ongoing discussions about enhancing trade relations and possibly reducing import duties, many UK businesses may find it challenging to understand the current trade agreements and their implications.The Diplomatic Insight The Diplomatic Insight.

Ethiopia Grants Domestic Market Access to Foreign Companies Ethiopia has allowed foreign companies operating in its industrial parks to sell their products in the domestic market. This policy change aims to enhance foreign direct investment (FDI) and boost foreign trade by providing more flexibility to investors. Ethiopia, which currently hosts 13 industrial parks, has now permitted these parks to supply up to 50 percent of their products to the local market. This initiative is part of the Ethiopian government's broader strategy to stimulate economic growth and attract foreign investments. https://lnkd.in/gyh6XFgk #ethiopia #Industryparks #export

All categories of Ukrainian business, exporters 📈 demonstrated better performance in July than companies that do not sell goods abroad, and feel most confident about the future. 🚀 This is evidenced by the results of the next monthly survey of enterprises conducted by the IER (Institute for Economic Research and Policy Consulting). The share of enterprises that reported an increase in exports in July compared to June was 21.6% (21.9% in June), and the share of enterprises that expect an increase in exports in the next three months was 32.3%. 🤑 This is a fairly positive picture against the background of a general decline in expectations and optimism in the perspective of six months, because against the background of problems with electricity in July 2024, a sharp slowdown in the pace of recovery and a significant deterioration in business expectations were recorded. 😕 In general, the problem with electricity supply as an obstacle to doing business in July ranked third after "war" 🔫 and "low demand" 📉, and the number of respondents who named it among the key ones was 78%, which corresponds to the level of the winter of 2022-23. ⚠️ At the same time, it is interesting that the obstacle "dangerous to work" exceeds 75% in the responses of businesses located not only in #Zaporizhia (100%) 🚨 or #Kyiv region (85%) 🔍, but also in #Transcarpathia (Zakarpattia) (97%) 🏔️, while in #Kharkiv region this figure was 72% 📉, in #Odesa region 71% 📉, and in #Sumy region 10%. 🕵️ 🌐 You can soon get acquainted with the results of the study on the website of the #IER, and find out what support the #ECA provides to exporters to make them feel more comfortable, and leave an application - here: 👉 https://lnkd.in/dTkuCGSv Don't waste time, apply! 🚀 #financialsupport #insurer #exportcredit #finance #cooperation #international #entrepreneurs #business #bank #NationalBank #export #trade

🇺🇿 Infographics: Trade and investment cooperation between Uzbekistan and the CIS countries 📍President of the Republic of Uzbekistan Shavkat Mirziyoyev will pay a working visit to Moscow on October 7-8 to participates in the next meeting of the Council of Heads of State of the Commonwealth of Independent States (CIS). 1️⃣In this regard, the Center for Economic Research and Reforms analyzed Uzbekistan's trade and investment cooperation with the CIS countries over the past 7 years. 📊 Uzbekistan's trade with the CIS countries is subject to a "free trade" regime 📶 In the period 2017-2023, Uzbekistan's foreign trade turnover with the CIS countries increased 2.1 times from $9.7 billion (2017) to $20.6 billion (2023) 🔄 Exports increased 1.5 times from $5.2 billion (2017) to $8.1 billion (2023), imports increased 2.8 times from $4.5 billion (2017) up to $12.5 billion (2023) 📈 In 2023, the volume of foreign investments and loans to fixed assets from the CIS countries amounted to $2.7 billion (15.5% of the total) 📊 Currently, there are about 5,370 enterprises in Uzbekistan with the participation of investors from CIS countries (37% of the total number of enterprises with foreign capital) More info: review.uz/en/qkz

Growth at the heart of Foreign Secretary’s visit to Nigeria and South Africa - by Frederic Eger/UK MFA - UK Foreign Secretary David Lammy began a visit to Nigeria and South Africa on November 3, marking his first trip to the African continent as Foreign Secretary and the first to visit South Africa since 2013. The Foreign Secretary will announce the start of a 5-month consultation process to ensure African voices inform and sit at the very heart of the UK's new approach to Africa. This consultation will guarantee the UK's relationships across Africa are based on mutual respect and partnership. Africa has huge growth potential, with the continent on track to make up 25% of the world's population by 2050. The new approach will deliver respectful partnerships that listen rather than tell, deliver long-term growth rather than short-term solutions, and build a freer, safer, more prosperous continent. The Foreign Secretary will want to hear what our African partners need and foster relationships so that the UK and our friends and partners in Africa can grow together. In Nigeria, the Foreign Secretary will sign a modern and progressive Strategic Partnership, the first of its kind between the UK and Nigeria. This new dialogue will cover the breadth of the UK-Nigeria areas of shared cooperation from growth and jobs to national security, tackling the climate and nature crisis, and strengthening people-to-people ties. Nigeria will be the world's fifth largest economy by 2075, and the Foreign Secretary will advocate for further collaboration on mutual growth via the UK-Nigeria Enhanced Trade and Investment Partnership, signed earlier this year. This partnership is the key vehicle for driving trade and market access between the UK and Nigeria and plays a vital role in the UK's growth mission. Building on President Tinubu's macro-economic reforms, the Foreign Secretary will announce a diverse Technical Assistance package to the Nigerian Ministry of Finance, offering British expertise from the Bank of England, HMRC, and others to help continue to modernize and diversify the Nigerian economy. Catalyzing reform across Nigeria will create further opportunities within the flourishing Nigerian economy for British businesses, generating growth, jobs, and incomes for Brits and Nigerians. Traveling on to South Africa, the Foreign Secretary will agree to develop a new UK-South Africa Growth Plan, allowing trade to flourish even more through collaboration on market access, a new UK Trade Partnership programme to boost South Africa exports, and a new program to increase the number of agricultural jobs in rural South Africa.

Russia needs to take advantage of export opportunities as new markets emerging — Putin The Russian leader noted that the regions created tools that helped domestic companies supply products abroad and allowed them to go through the pandemic stage MOSCOW, September 25/ Real markets of the future are being formed in the world, Russia needs to take advantage of export opportunities, President Vladimir Putin said while opening a meeting of the State Council Presidium on export development. "Real markets of the future are being formed, based on strong strategic partnerships, principles of combining economic potentials and mutual enhancement of growth," the president said. "It is important not only to understand these trends, but also to take advantage of export opportunities that are opening up for our businesses, for enterprises, and we need to provide them with assistance at all levels," he added. The president recalled that a six-year national project to support exports is ending this year. He noted that during this time, the regions have created tools that helped domestic companies supply products abroad and allowed them to go through the pandemic stage, as well as redirect commodity flows to promising growing markets. "During meetings with representatives of business circles and entrepreneurs, proposals were repeatedly made to extend the national project to support exports, and we agreed that this will be done. Next year, the updated national project for international cooperation and export will be launched," the President announced. He specified that the measures and mechanisms should be based on the results achieved in the export sector, the priorities of the country's economic development and global trends. #business #finance #financialservices

“It is Necessary to Create the Israeli and Ukrainian Joint Enterprises For Developing Bilateral Trades”, - Evgeny Shulgin Evgeny Shulgin, the Chairman of the Chamber of Commerce and Industry Israel-Ukraine, in his interview with Liga.net spoke about the Ukrainian-Israeli economic relations. Mutually beneficial trade is a key to success in relations between countries. So, countries should have balances in their trade with others. For example, the fact that Ukraine exports a lot to Israel, and imports a small amount of Israeli products. It could be profitable for Ukraine only in the short-term timeframes, but it is not good from the long-term perspective. So, there is a necessity to create joint companies that will develop Israeli-Ukrainian trade despite the wars in the countries. Israel, for example, has the government-owned company Ashra - אשרא that provides Israeli exporters with coverage to help minimize political and commercial risks. For example, in 2023 such an insurance program had $28 million (NIS 100 million). The Chamber of Commerce and Industry Israel-Ukraine is ready to contribute and collaborate with any entities that develop Israeli-Ukrainian economic relations. The full article is available - https://lnkd.in/gfMH4kaW

Arab-Turkish economic relations are continuing to progress at all levels, with the volume of intra-trade standing at $55 billion, as stated by the secretary-general of the Union of Arab Chambers. Khaled Hanafi added that exports from the Turkish nation are increasing annually by about 10 percent, and the presence of direct and indirect Arab investments in Turkiye has grown significantly in recent years.

🚛 𝗘𝗺𝗽𝗼𝘄𝗲𝗿𝗶𝗻𝗴 𝗨𝗸𝗿𝗮𝗶𝗻𝗶𝗮𝗻 𝗘𝘅𝗽𝗼𝗿𝘁𝘀: 𝗔 𝗦𝘁𝗿𝗼𝗻𝗴 𝗦𝘁𝗮𝗿𝘁 𝘁𝗼 𝟮𝟬𝟮𝟰 🌍 In the spirit of continuous growth and bolstering Ukraine's presence on the global stage, Ukrgasbank- Ecobank, in collaboration with ECA Ukraine, has marked the beginning of 2024 with a significant stride in trade finance. 💰 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴 𝗚𝗿𝗼𝘄𝘁𝗵: This January alone, we've facilitated a financial boost of UAH 15 million to Ukrainian exporters, enabling the export of goods valued at more than UAH 30 million. This strategic move not only aids in empowering local businesses but also solidifies our role in expanding Ukraine's export capabilities. 🌍 𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗜𝗺𝗽𝗮𝗰𝘁: Our support extended to three dynamic companies from the Odesa, Zhytomyr, and Rivne regions, engaged in vegetable processing, manufacturing of cleaning products, and production of optical and measuring instruments. Their contracts with Germany, the United States, Moldova, and Hungary exemplify the diverse and global nature of Ukrainian export prowess. 🔍 𝗕𝗲𝘆𝗼𝗻𝗱 𝗡𝘂𝗺𝗯𝗲𝗿𝘀: This achievement aligns perfectly with our mission to support the Ukrainian economy by facilitating trade and fostering international partnerships. It's a testament to our belief in the potential of Ukrainian businesses to compete globally, even in challenging times. 💬 I'm eager to hear your thoughts on how we can further empower Ukrainian exporters. What trends do you see in trade finance that could benefit our entrepreneurs? Let's continue this journey of growth, innovation, and strategic collaboration! #TradeFinance #Export #EconomicGrowth #GlobalTrade

"The Libyan-Maltese Trade and Export Forum Successfully Held in Malta" "After months of preparation, the Libyan Embassy in Malta, in collaboration with Maltese authorities, organized the Libyan-Maltese Trade and Export Forum. A high-level Libyan delegation, led by the Minister of Economy and Trade and the Minister of Maritime Wealth, attended along with Mr. Soheil Al-Turki, Charge d'Affaires, and Dr. Mohammed Al-Sharif, Consul at the Embassy, in addition to government officials and businessmen." "The forum featured special dialogue sessions discussing ways to enhance trade and investment exchange, with broad participation from both the private and government sectors. Challenges facing companies and investors in both countries were highlighted." "The discussions resulted in practical recommendations emphasizing the importance of strengthening bilateral relations, demonstrating political will, and encouraging visions to elevate cooperation in various fields, including the signing of memoranda of understanding to enhance trade and investment."