annual report 2016 • anniversary issue -...

annual reporT 2016 • anniversary issue

25 years of Uzbekistan20 years of amCham in Uzbekistan

Dear Members and Friends,

This issue of Business Connections is quite special. In it we

pay tribute to the Father of Uzbekistan, the late President,

Islom Karimov, while also congratulating both his succes-

sor, the President of the Republic of Uzbekistan, Shavkat

Mirziyoyev, and the newly elected President of the United

States, Mr. Donald J. Trump.

We also celebrate two anniversaries, the twenty-fifth of

Uzbekistan's independence, and the twentieth of AmCham's

establishment.

The New Year presents a wide array of challenges which we

hope will also include many new business opportunities.

The Editorial Board

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AMCHAM UZBEKISTAN

Dear President Shavkat Mirziyoev

As the newly elected President of the Republic of Uzbekistan we extend our greetings and deepest respect.

You have been chosen by the people of Uzbekistan to continue the important task of leading this country for-ward and into the next stage of its growth and develop-ment. As someone who has been a key part of the first stage and achievements to date, you are well prepared

and blessed with the knowledge and skills to carry out and implement the many programs and policies that you have already set forth.

We welcome and support your efforts, and as business people we commit ourselves to do everything possible to assist in furthering the growth and development of the Republic of Uzbekistan.

Our Congratulations

Business ConneCtions • semi-annual report For memBers • 20162

CongraTulaTions

AmCham Uzbekistan wishes to extend its congratulations to President Donald Trump who is inaugurated as forty-fifth president of the United States of America.

After a long and arduous journey President Trump suc-ceeded in overcoming the many obstacles and challeng-es that a political outsider might be expected to encoun-ter, but his message was clear, and the American public re-sponded. President Trump faces a complicated agenda of both domestic and international issues that will require his

full attention, but we are confident that he will be success-ful. President Trump is a business person and we are con-fident that he will bring his extensive skills and contacts to bear in dealing with these important matters as well as oth-ers which might arise.

We as AmCham extend our warmest greetings and pledge our support to continue developing the busi-ness ties that unite the United States of America and the Republic of Uzbekistan.

Congratulations and Our Warmest Greetings

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AMCHAM UZBEKISTAN

First President of AmCham Uzbekistan, Mr. robert l. HortonMy years in Uzbekistan were some of the most rewarding years of my career and I can give AmCham Uzbekistan much of the credit for it being such a positive experience. You might ask,

"was business good and everything that I had hoped for?" The answer would be "No", it was difficult but there were also ma-ny positive aspects. Convertibility was always an issue and our company, Uz-Texaco, was never what it could have been with operations in a free economy, but we survived and it was a re-warding experience because of AmCham. AmCham provid-ed a forum for discussion with international businesses op-erating in similar difficulties, as well as a social environment balance that gave us wonderful friends and contacts need-ed, with both a local and expat perspectives.

I congratulate AmCham Uzbekistan on celebration of its 20th year of service to its members. We miss you and will always appreciate all that you do. Sincerely,

Robert L. Horton

aMCHaM in uzbekisTan—20TH anniversary

President of AmCham Uzbekistan, Mr. Donald nicholson iiAs long standing members of AmCham we value our rela-tionship as it has provided us with contacts, friends, use-ful information and timely up-dates on what is happening. AmCham is the only business related organization of its kind in Uzbekistan and the membership represents the best and widest cross section of both local and foreign business rep-resentatives. Sincerely,

Donald Nicholson II SEAF - SME Funds


CongraTulaTions

Source: Center for Economic Research

Uzbekistan 1991–2015

main stages of development and key events

Train Consultancy LLC. Providing IT so-lutions & services including consult-ing and technical support. Producing the cotton fabric in various types for export purposes. Discount 10%, val-id 31.12.2017.

“INGO-UZBEKISTAN” Insurance Joint Stock Company. Insurance services, Investment. 10–15% discount from standard price for AmCham Members. During 2017 business year.

Globalink Logistics Group. Removals & Relocation Services. Globalink offers 5% discount to AmCham members. Till 31st December 2017.

SHERDAV. Legal Services $ Intellectual Property—20% $ Corporate Law—20%

Till 31st of March.

Mercury Service. Transportation Service (Midi Bus, Van, Luxury sedan). Discount 10% from fixed Price, valid 1 February, 2017.

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AMCHAM UZBEKISTANAMCHAM UZBEKISTAN

eXHibiTions in uzbekisTan, 2016

www.afs-research.com

Date Exhibition Organizers Place

1–3.03 UzBuild–2017 ITE Uzbekistan Uzexpocentre, Atrium hall: 1; Central exhibition hall, Pavilion 1, 2; Press-conference area; Open observation site

1–3.03 BuildTech–2017 ITE Uzbekistan Uzexpocentre, Atrium hall: 1; Central exhibition hall, Pavilion 1, 2; Press-conference area; Open observation site

1–3.03 MebelExpo Uzbekistan 2017 MebelExpo Uzbekistan Uzexpocentre; Pavilon 3

1–3.03 AquaTherm Tashkent 2017 ITE Uzbekistan Uzexpocentre; Atrium hall: 1; Central exhibition hall, Pavilion 1, 2; Press-conference area; Open observation site

15–17.03 UzAutomationExpo–2017 IEG Uzbekistan Uzexpocentre; Pavilion 1

15–17.03 UzChemPlastExpo–2017 IEG Uzbekistan Uzexpocentre; Pavilion 1

15–17.03 UzMetalMashExpo–2017 IEG Uzbekistan Uzexpocentre; Pavilion 1

15–17.03 UzMiningExpo–2017 IEG Uzbekistan Uzexpocentre; Pavilion 1

15–17.03 UzSecureExpo–2017 IEG Uzbekistan Uzexpocentre, Pavilion 1

15–17.03 UzSpecTechExpo–2017 IEG Uzbekistan Uzexpocentre; Pavilion 1

29–31.03 WorldFood Uzbekistan 2017 ITE UZBEKISTAN Uzexpocentre; Atrium hall: 1; Central exhibition hall, Pavilion 1, 2; Press-conference area; Open observation site

29–31.03 AgroWorld Uzbekistan 2017 ITE UZBEKISTAN Uzexpocentre; Atrium hall: 1; Central exhibition hall, Pavilion 1, 2; Press-conference area; Open observation site

13–14.04 Mir Otdyha 2017 tourfair. uz Exhibition center “Uzkorgazmasavdo”

25–27.04 Zdravoohranenie–TIHE 2017 ITE UZBEKISTAN Uzexpocentre

25–27.04 AptekaExpo Uzbekistan 2017 ITE UZBEKISTAN Uzexpocentre

17–19.05 Power Uzbekistan–2017 ITE UZBEKISTAN Uzexpocentre

17–19.05 Neft i Gaz Uzbekistana–OGU–2017 ITE UZBEKISTAN Uzexpocentre

6–8.09 CAITME 2017 ITE UZBEKISTAN Uzexpocentre

6–8.09 Textile Expo Uzbekistan 2017 textileexpo. uz Uzexpocentre

20–22.09 UzMedExpo–2017 IEG Uzbekistan Uzexpocentre

20–22.09 Plastex Uzbekistan 2017 ITE UZBEKISTAN Uzexpocentre

20–22.09 Chemie Uzbekistan 2017 ITE UZBEKISTAN Uzexpocentre

20–22.09 Poligrafiya i Upakovka 2017 ITE UZBEKISTAN Uzexpocentre

27–29.09 UzEnergyExpo–2017 IEG Uzbekistan Uzexpocentre

27–29.09 UzStroyExpo–2017 IEG Uzbekistan Uzexpocentre

3–5.09 TMTYa 2017—Turizm na Velikom Shelkovom Puti

Agenstvo “Velikiy Shelkovy Put“ Natsionalnoy kompa-nii “Uzbekturizm”

Uzexpocentre, Pavilion 1, 2

20–22.09 CAIPS–2017 ITE UZBEKISTAN Uzexpocentre

15–17.11 MiningWorld Uzbekistan 2017 ITE UZBEKISTAN Uzexpocentre

15–17.11 Machinery Central Asia 2017 ITE UZBEKISTAN Uzexpocentre

15–17.11 TransUzbekistan 2017 Uzexpocentre

22–24.11 UzAgroExpo–2017 IEG Uzbekistan Uzexpocentre

22–24.11 UzProdExpo–2017 IEG Uzbekistan Uzexpocentre


inviTaTions

Exhibition Date City Web site

CES® 2017 05–08.01 Las Vegas, NV ces.tech

World of Concrete (WOC) 2017 17–20.01 Las Vegas, NV worldofconcrete.com

The Shooting, Hunting, Outdoor Trade Show and Conference SHOT Show® 17–20.01 Las Vegas, NV shotshow.org

DistribuTECH® Conference and Exhibition 31.01–02.02 San Diego, CA distributech.com

International Production & Processing Expo 31.01–02.02 Atlanta, GA ippexpo.com

CONEXPO-CON/AGG® 2017 07–11.03 Las Vegas, NV conexpoconagg.com

Natural Products Expo West/Engredea 2017 08–12.03 Anaheim, CA expowest.com

NAB Show® 2017 24–27.04 Las Vegas, NV nabshow.com

Offshore Technology Conference 01–04.05 Houston, TX otcnet.org

WasteExpo 2017 09–11.05 New Orleans, LA wasteexpo.com

The National Restaurant Association Restaurant, Hotel-Motel Show NRA Show® 2017 20–23.05 Chicago, IL show.restaurant.org

InfoComm 2017 14–16.05 Orlando, FL infocommshow.org

International Franchise Expo 15–17.06 New York, NY ifeinfo.com

Fancy Food Show (Summer) 2017 25–27.06 New York, NY specialtyfood.com

Outdoor Retailer Summer Market 26–29.07 Salt Lake City, UT outdoorretailer.com

69th AACC Annual Scientific Meeting & Clinical Lab Expo 30.07–03.08 San Diego, CA aacc.org

Solar Power International 10–13.09 Las Vegas, NV solarpowerinternational.com

ASIS 2017 16–19.09 Dallas, TX securityexpo.asisonline.org

Water Environment Federation Technical Exhibition and Conference WEFTEC® 2017 30.09–04.10 Chicago, IL weftec.org

Greater New York Dental Meeting 2017 24–29.11 New York, NY gnydm.com

Recreation Vehicle Industry Association National RV Trade Show 28–30.11 Louisville, KY rviashow.org

POWER-GEN® International 05–07.12 Las Vegas, NV power-gen.com

The U.S. Department of Commerce’s International Buyer Program (IBP) is a joint government-industry effort that brings thousands of internation-al buyers to the United States for busi-ness-to-business matchmaking with U.S. firms exhibiting at major indus-try trade shows. Every year, the IBP results in approximately a billion dol-lars in new business for U.S. compa-nies, and increased international at-tendance for participating U.S. trade show organizers. If you are looking to optimize your trade show experi-

ence and connect with U.S. compa-nies, then IBP is for you.

ibp benefitsAs an attendee at an IBP expo, you could receive the following benefits:

$ Waived or reduced trade show ad-mission fees;

$ Complimentary access to network-ing events and receptions;

$ Pre-arranged briefings and meet-ings customized according to buy-ing interests;

$ On-site and off-site technical tours

$ A directory of all U.S. firms at the show with an interest in internation-al exporting;

$ Complimentary or reduced-rate ed-ucational sessions, demonstrations, and seminars;

$ Travel and tourism options and dis-counts.

If you are interested in attending a show or for more information, please e-mail [email protected] or call +998 (71) 140-2119. You can also visit the official IBP website at http://export.gov/ibp/index.asp.

inTernaTional buyer prograM u.s. TraDe sHow sCHeDule for 2017

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AMCHAM UZBEKISTAN

a leTTer froM u. s. aMbassaDor paMela l. spraTlen

Dear Members of the AmCham Family,

The U. S. Embassy congratulates the American Chamber of Commerce in Uzbekistan on its 20th anniversary! The Embassy has been a proud supporter and partner with AmCham over these past two decades. AmCham is a key fo-rum for Uzbekistan’s business commu-nity and an important avenue for the Embassy to interact with the private sector. AmCham members play a vi-tal role in helping the Embassy under-stand the nuances of Uzbekistan’s busi-ness landscape, and we have teamed up with AmCham on numerous initia-tives over the years—from ambassado-rial outreach events to visits of high-lev-el U. S. government officials. The past

year saw the Embassy, in coordination with AmCham and other partners, or-ganize a successful, first-of-its-kind gov-ernment-business roundtable, which brought more than 30 representatives from U. S. companies to Uzbekistan to explore business opportunities.

Such events play a fundamental role in enabling the Embassy to fur-ther its commitment to fostering op-portunities for American businesses abroad. Without the strong relationship we enjoy with AmCham, such efforts would be impossible. We are therefore proud and honored that, in 2015, the Embassy was invited to occupy a seat on AmCham’s board of directors, bring-ing that relationship even closer.

Of course, our joint activities with AmCham are an embodiment of

Ambassador Spratlen addresses students at Uzbekistan State University of World Languages.

H. E. Pamela Spratlen, Ambassador of USA to Uzbekistan


FeAtUre

the broader work the Embassy un-dertakes day in and day out to fos-ter social and economic growth in Uzbekistan. Helping others is a funda-mental aspect of our activities here.

Our Public Affairs Section is active-ly engaged in Uzbekistan and is par-ticularly committed to outreach in the areas of cultural preservation, ed-ucational exchanges, and English lan-guage learning. Since 2001, the U. S. Embassy has preserved ten cultur-al sites throughout Uzbekistan with an investment of over $300,000 through the U. S. Ambassadors Fund for Cultural Preservation, including the

“Painting of the Ambassadors,” which is located in the Afrosiab museum in Samarkand, and over 700 items in the Ark of Bukhara. We are currently work-ing with the Uzbek government to pro-vide training on cultural preservation and to determine what might be ap-propriate preservation sites for 2017.

The Fulbright program, one of the State Department’s flagship ex-change programs, has been active in Uzbekistan since 1992. The pro-gram offers grants to Uzbek students to study at the graduate level in the United States, and to U. S. students and scholars pursuing independent research and teaching assignments

in Uzbek. Since its inception, over 170 Uzbek and 74 U. S. students have been selected for the program.

In December 2012, former Pre-si dent Karimov issued decree 1825, man dating English language instruc-tion to begin in the first grade. To this end, we have increased the number of English Language Fellows and Spe-cialists across Uzbekistan. We have al-so created new English Access Micro-scholarship Programs, which provide English language skills to students through after-school classes and ses-sions, in order to help the government achieve this goal.

The Embassy also holds six pub-lic events each week for Uzbek stu-dents: Chai Chat, Conversation Club, Education Advising and three English language lessons.

Economic partnership is also es-sential to the U. S.—Uzbek relationship, and the U. S. Agency for International Deve lopment (USAID) has played a pivotal role in promoting economic prosperity.

The U. S. government, through USAID, is providing training and fa-cilitating events and exchanges that help increase regional trade and con-nectivity in Uzbekistan. Our regional trade activities, like business-to-busi-

Ambassador Spratlen and guests sample grapes at USAID’s Agricultural Value Chains Project Inauguration Ceremony at the Mirzaev Horticulture Institute on 15/09/2016.

ness trade forums and workshops for small businesses, have helped facil-itate hundreds of millions of dollars’ worth of signed letters of intent to do business and are directly contributing to regional economic connectivity.

USAID’s Agricultural Value Chains (AVC) program is a prime example of such an initiative. Launched in Sep-tember 2016, this five-year, $14 mil-lion program is designed to improve the Uzbek horticultural sector through effective techniques aimed at increas-ing fruit yield and quality. The new pro-gram, which targets stone fruits, mel-ons, vegetables and grapes and cov-ers 12 provinces in 33 districts across Uzbekistan, will also create new job opportunities and improve income throughout the local community.

In closing, we thank AmCham for the vital role it plays in Uzbekistan and for its enduring friendship with the U. S. Embassy. As U. S. firms adapt to a changing environment in Uzbekistan, one constant is the strong support you can expect from your colleagues in the Embassy. We look forward to many more years of fruitful and dy-namic collaboration.

Sincerely, Pamela L. Spratlen U. S. Ambassador to Uzbekistan

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AMCHAM UZBEKISTAN

our MeMbers: business is noT jusT abouT THe Money

nesTlé anD CreaTing sHareD value ConCepTNestlé is a shared-value pioneer, lead-ing the way in the concept’s develop-ment from its earliest stages. Nestlé Company is determined to do busi-ness in ways that deliver both long-term shareholder value and provide the greatest benefit to society. Nestlé’s ap-proach begins with the understanding that for its business to prosper over the long-term, the communities it serves must also prosper.

As the world’s leading nutrition, health and wellness company, Nestlé is best positioned to create shared value in the following areas:

nestlé and farming development in uzbekistanEvery year, the Nestlé factory in Na man-gan processes thousands tons of milk, but it has the capacity to produce much more. Nestlé supports the development of farming in Uzbekistan by producing

dairy products from large farms, as well as from individual farmers.

Nestlé requires that its dairy prod-ucts be of the highest quality and com-ply with all required health standards. Nestlé is the primary, if not the single largest, consumer of milk in the region. All farms of the Fergana valley follow ex-tremely high sanitary requirements. The majority of these are equipped with pri-vate laboratories which conduct prima-ry tests for fermentation and fat. Milk from vaccinated cows must be quar-antined for two to three weeks until the medicine completely leaves the ani-mal. The farms cooperating with Nestlé Uzbekistan strictly maintain this quar-antine. If antibiotics are found in the milk, the entire batch is returned. Nestlé co-operates only with suppliers who abide by these strict standards.

In accordance with the concept of “Creating Shared Value” Nestlé al-so contributes to the development of animal husbandry in the country, pro-

moting best practices according to the latest industry standards. Nestlé partners with hundreds of farms, whose staff are constantly monitor-ing the quality of feed, care for animals, etc. Nestlé Uzbekistan assists farmers by providing consulting services, train-ing of agro-veterinary practices, and other nuances of the industry.

The collaboration of Nestlé Uz be-ki stan with the International Finance Corporation (IFC) deserves special mention. This partnership began as part of ongoing activities in the field of supply-chain development. During this time, IFC experts assisted in in-creasing the volume and improving the quality of veterinary services pro-vided by Nestlé suppliers.

nestlé and Healthy kids program in uzbekistanIn February 2016, Nestlé Uzbekistan launched the second phase of the ed-ucational program “Healthy Nutrition

General Manager of Nestlé Uzbekistan Sergey Tratsevskiy and the Delegate of Ministry of Education Abdurashid Sodikov. Launch of the Nestle Healthy Kids Program in Bukhara.

Laboratory at Nestlé Uzbekistan Factory in Namangan


FeAtUre

lessons” which was developed in co-operation with the Ministry of Public Education and aimed at promoting healthy food culture as an important component of a healthy lifestyle. By embracing the concept of Health and Wellness, Nestlé products are not just tasty, but also healthy—the exact ap-proach to nutrition being taken as the basis for creating educational materials.

Teachers will introduce this program to second-graders during in class time, and during school activities. The pur-pose of this training course is to devel-op a healthy food culture, necessary for a healthy lifestyle. Moreover, this curric-ulum contains information about nat-ural history, botany and etiquette. The

“Healthy Nutrition lessons” program corresponds directly to the concept of Health and Wellness.

The Healthy Kids Program in Uz be-ki stan has already been distribu ted to more than 11 thousand students. More-over, we have successfully incor po rated as a part of “Project Wet” a Heal thy Hyd-ration Module into the “Heal thy Kids” program book. Addi tio nal ly, the Healthy Kids Program is an important compo-nent of the Creating Shared Value con-cept, as its objective is to raise nutrition and health awareness and promote physical activity among school-age chil-dren all over Uzbekistan.

In the previous year, 6000 text-books and manuals for teachers have already been printed and distribut-ed to school students in Tashkent

City and Namangan region. Tashkent: 4500 text books in both Russian and Uz bek languages. Namangan: 1500 text books in Uzbek language.

This year, 5000 new textbooks and manuals for teachers with improved Healthy Hydration topics have already been printed and given to school stu-dents of such regions as Nukus, Mangit and Bukhara. Nukus: 1000 textbooks in Russian language. Mangit: 1500 text-books in Uzbek language. Bukhara: 2500 textbooks in both Russian and Uzbek languages.

Nestlé Uzbekistan has in total pro-vided 11 thousand students with text-books in more than 60 schools across the country. We are planning for six more participating regions during the course of this year, reaching an addi-tional 10,000 students.

baker Tilly uzbekisTan— THe way of THe Heavenly HanDBAKER TILLY Uzbekistan, a group of audit and consulting companies, was founded in the mid 1990’s by a team of professionals who decided to es-tablish a company that would even-tually become a leader in audit, con-sulting and legal services for business. In 2012 the company became part of one of the world’s largest audit and consulting networks—BAKER TILLY INTERNATIONAL—with representa-tive offices in 141 countries worldwide.

Charitable and social programs are an essential part of corporate culture and represent a key development vec-tor of BAKER TILLY Uzbekistan. We un-derstand that effective formation of the state social sphere is impossible

Rahmonov Fazlitdin, Agriservice Manager, Nestlé Uzbekistan

Nestlé Healthy Kids Program books

Meeting World Champions in December 2015

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AMCHAM UZBEKISTAN

without business support. Therefore, our sincere desire is to help make this world better through tangible social programs and projects.

One of our social projects is sup-porting the Tashkent Federation of Den-To FUDOKAN Karate-Do.

The federation was founded by Rustam Bekmuratov (black belt, 3rd dan) and officially registered by the Ministry of Justice of the Republic of Uzbekistan on the 23 May 2003. The Federation pays special attention to the fact that karate is not only sport, but a lifestyle for those who have cho-sen «The way of the heavenly hand».

For more than five years BAKER TILLY Uzbekistan has been render-ing not only material assistance (hel-mets, gloves, bags for training, etc.), but also pro bono consulting support in legal aspects of the activities of the Federation. We actively participate in development of organizational and administrative aspects, acting as ad-visers and organizers of meetings with embassies of various countries, inter-national organizations, and large com-panies, to attract additional support.

Since 2015, students of the Fe de-ra tion have benefited from the oppor-tunity to study and undergo training un-der the guidance of Yamashita Hi deya-si- sensei (3rd dan), a Japanese mas-ter of Godzyuru karate-do, who sha-res not only techniques of karate, but also the true traditions of Japa ne se martial arts and culture. His arrival and

work in Uzbekistan became pos sible thanks to the support of the Japanese International Cooperation Agency (JICA) and BAKER TILLY Uzbekistan.

In December, 2015, students and coaches of the Tashkent Federation took part in the World Cup of Den-To FUDOK AN Karate-Do, and the International tournament of Godzyuru karate-do, organized by the United World Karate Federation (UWKF) in Belgrade, Serbia. In those competi-tions eight students of the Federation won 13 medals, including 4 gold, 3 sil-ver and 6 bronze.

These accomplishments of the Ta s h ke nt Fe d e r at i o n of D e n -To FUDOKAN Karate-Do are only the be-ginning. An increasing number of com-mitted students continue to work and train every day to further the rich and noble tradition of karate in Uzbekistan.

Presently, more than 600 stu-dents undergo regular training in 15 do-jos (gyms) of the Federation at high schools throughout the city. The na-tional team of the Federation, con-sisting of 50 students and 10 coach-es, have participated in seminars and undergone belt certifications by Soke Ilya Jörg (10th dan), the founder of the traditional Fudokan karate and CEO of the World Fudokan Karate Federation.

Support to the Tahskent Fede-ra tion is just one example of how BAKER TILLY Uzbekistan recogniz-es the importance of social prog-rams and projects. BAKER TILLY Uz-

be ki stan is dedicated to creating an environment of equal opportunity and providing hope for a happy fu-ture, and a chance for young students of Tashkent Federation of Den-To FUDOKAN Karate-Do to become full-fledged members of our society.

boXing book2016 marked the 100th anniversary of the arrival of professional American boxer Sydney Jackson in Tashkent. He traveled to the Russian Empire during the First World War, which was followed by several rebellions, revolutions, and Civil War. Due to these events, he was not able to return home, became a cit-izen of the new motherland, and later the founder of the Uzbek boxing school. He educated many outstanding boxers and coaches who in their turn raised the next generations of talented Uzbek sportsmen. In the years which followed, Uzbek boxers had the upper hand in the All-Union and international compe-titions, and one of them, Rufat Riskiev, became World Champion in 1974.

2016 was also the fiftieth anniver-sary of Sydney Jackson’s passing, but his devotees and followers continued developing the Uzbek boxing school he founded. Since 1966, the interna-tional boxing tournaments devoted to Jackson’s memory are held on an annu-al basis. In 2016, as a commemoration of these remarkable dates, the Uzbek boxing team won three gold, four sil-ver, and four bronze medals at the

Winners of the City Tournament and awardees: Jon Larsen, Information, Culture and Education Advisor, US Embassy in Tashkent and representatives of the Embassy of Japan.

Jackson—The Man Who Came and Stayed in Uzbekistan. Edited/Financed by A. Antonov


FeAtUre

Olympics in Rio, and was recognized as the best boxing team in the world!

2016 also saw the publishing of a book of memories devoted to the life and work of Sydney Jackson. Its writing was initiated by his daugh-ter, the Honored Uzbek Doctor Paina S. Jackson, as well as one of his devo-tees, member of AmCham Uzbekistan, and Honorary Consul of Canada in Uzbekistan, the Professor Alexander E. Antonov. In the 1960s, Professor Antonov was a member of the box-ing team of Uzbekistan and Tajikistan. Other participants in this process in-cluded: Referent of the Consulate of Canada in Uzbekistan, and AmCham Uzbekistan member, Yulia Grishaeva; as well as famous personalities of Uzbek boxing, Mirsalikh Sagatov and Alexey Kolemasov. The preface to this intriguing story of the American box-er who became the founder of mod-ern Uzbek boxing was written by the President of the American Chamber of Commerce in Uzbekistan, Donald Nicholson II.

kosTa legalKosta Legal is a results-oriented law firm offering a wide range of legal services to both new entrants and well-established businesses in Uzbekistan with particular expertise to offer legal advice and ser-vices to foreign investors. The firm and its lawyers are ranked as top-tier legal advisors by world-renowned indepen-dent reference directories, are includ-ed in lists of lawyers offering legal assis-tance to citizens at foreign embassies, and have strong relationships with in-ternational law firms and audit compa-nies, being a part of the Magic and Silver Circles, the Big Four, etc.

Kosta Legal joined AmCham in 2015 and since then has received numer-ous opportunities for development of its business connections with mem-bers of the foreign business commu-nity resident in Uzbekistan. Legal ad-vice of the firm has been repeatedly sought after by major German, French, UK, and US companies. Cooperation of Kosta Legal with AmCham mem-bers has already resulted in imple-

mentation of several projects, while many more mutually beneficial con-nections are expected to be estab-lished in the future.

Thanks to efforts and support of AmCham management, with Kosta Legal being one of its initiators, the Sub-Committee on Commercial Law has been successfully created un-der the umbrella of the organization. Activities of the Sub-Committee will help to unite the best experts in the field of commercial law practicing in Uzbekistan and develop cooperation of the Uzbek legal community.

In reviewing Kosta Legal social ac-tivities, we would like to highlight our strong commitment to providing social support within the country. On a case-by-case basis, the firm offers pro bo-no services to people in difficult finan-cial situations. Relevant assistance, as a rule, relates to real estate, financial, in-surance, or employment matters.

Another important part of Kosta Legal activities include lecturing at qualification trainings for government officials and participation in develop-ment and improvement of legislation. The expertise of our lawyers are recog-nized and used for public good in such areas as lending and financial lease, pharmaceutics and healthcare, com-petition and advertising. Kosta Legal lawyers develop unique approaches to the most pressing challenges, help-ing the Uzbek legislature to be in line with the most advanced jurisdiction.

uCell for uzbekisTan—Making life beTTer.Ucell as a mobile operator in Uzbe-kistan has Scandinavian roots through the Swedish-Finnish Telia Company, and its shareholders, but has an Uzbek heart, which beats in rhythm with the local people. As a responsi-ble corporate citizen of Uzbekistan, Ucell takes very seriously its duty to give back to society by contributing to the economic and social develop-ment of the country. Annually, Ucell conducts a corporate social responsi-bility program that includes initiatives aimed at improving the lives of differ-ent segments of the population, all over the country. Our business is not only about money. It is primary about the people...

ucell partnership for CourageThe Ucell partnership with the National Paralympics A ssociation of the Republic of Uzbekistan has existed now for three years in a row and aims to sup-port the national team in all its prepara-tions for the Olympic cycle. The results this year from Rio de Janeiro amazed the entire world: 6 World, 7 Paralympic and 12 Asian records! In total, 32 ath-letes brought home 31 medals placing Uzbekistan first among Central Asian nations, and second in all of Asia, af-ter China.

Nothing can be achieved with-out strong effort, dedication and in-

Opening ceremony of the Ucell—Quvonch Makoni project in Karshi city.

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AMCHAM UZBEKISTAN

spiration. Other than financial sup-port, Ucell launched a special inter-net campaign calling on citizens to submit their own inspirational mes-sages the Paralympic team. The in-ternet photo-contest “Together for Victory at Rio” gathered in just one week 48,198 “likes” on social media. Ucell social media pages became a news portal for the latest achieve-ments from the Rio Olympic Games. During the Paralympics, Ucell be-came the main source of information for 123,181 people who also shared their inspirational thoughts and best regards.

Engaging citizens to support this wor thy cause began through the company’s personal example. Ucell employees recorded video messag-es and inspired the hearts of ma-

ny others to beat in a single rhythm. Tears of happiness, applause, and sentiments of gratitude f illed the premises of Ucell Plaza when em-ployees hosted the team in cele-bration. Sharing the values of dedi-cation, passion for work, respect for this country—this partnership left a memorable and tangible impact on many hearts.

ucell—supporting women in their knowledge and empowermentIn June, Ucell started the special proj-ect “Women leadership in modern society” which has quickly become very popular. As a long-term capac-ity building and self-development program, the initiative supports the state program “Healthy mother and

child.” As part of the initiative, more than 400 women, including man-agers, students, entrepreneurs and housewives, attended various train-ing sessions.

Ucell recognizes that the women of Uzbekistan are striving more and more to meet the requirements of employers. Job seekers show a high interest in time management and budget planning, job interview skills, grant writing , and entrepreneurial skills. Each session is unique, and in-cludes presentations on subjects in-cluding: healthcare, childhood ed-ucation, beauty, and ar t-therapy. Sessions on business theory are de-livered by professional trainers, while master classes are conducted by Uzbek masters and leaders in their specialist areas. With an education-al and social mission, the project al-so traveled to Fergana region, and was welcomed with enthusiasm by women from Margilan, Kokand and other cities.

The most frequent question from par ticipant s of the program was about the nature of the connection between Ucell, a business entit y, and this social initiative. Quite sim-ply, as a business we are responsi-ble for the sustainable future of gov-ernment and society. As a company with international roots, we possess modern knowledge and are ready to share with others. Popular oriental wisdom says, “Educate a boy—you

Paralympics in Ucell office.

Opening ceremony of the Ucell—Quvonch Makoni project in Fergana city.


FeAtUre

educate a defender, educate a girl—you educate the entire nation.” Ucell

“Women leadership in modern soci-ety” has become a communication platform for every woman, for knowl-edge, for self-development, for self-motivation, for Uzbekistan.

ucell Quvonch Makoni, or territory of joy for childrenU zb e k i s t a n i s a c o u nt r y wi t h a bright future thanks to its quanti-ty of young citizens. Everything de-pends on childhood, with basic val-ues received through education and upbringing. Ucell has therefore de-veloped and implemented an ex-clusive project aimed at construct-ing 12 modern playgrounds for chil-dren, one in each region of the coun-try. On the eve of Uzbekistan’s 2014 Independence Day, Ucell opened the first playground in Fergana city. One by one, playgrounds opened from Nukus to Termez, contributing to the healthy and harmonious devel-opment of the children.

Each opening took place with a festive atmosphere, organized by Ucell with participation by talent-ed children from the regions per-formed proudly in front of mahalla residents, representatives of local authorities, mass media, teachers and parents. The project became an example and role-model of pub-lic-private partnerships, as all stake-holders contributed to its implemen-

tation. The company thanks in par-ticular the Ministry for Development of Information Technologies and Communications, which of fered outstanding suppor t with the se-lection of land for the projects, and mobilized local efforts. Like in busi-ness, with teamwork and the joining together of efforts, we can accom-plish great things.

ucell—in love with traditional textile and supports handcrafts of uzbekistanAlongside its business mission to ensure quality networks and com-munication in Uzbekistan, the so-cial strategy of Ucell endorses, re-spects, and promotes local values and traditions. In this context, Ucell was honored to partner with the

Atlas Bayrami Festival, contributing to the safeguarding and promoting of Uzbekistan’s unique and diverse cultural and textile heritage. Ucell has also been pleased to financially support specialized trainings which assisted in preserving this aspect of Uzbekistan’s cultural heritage.

Ucell considers educational and capacity building sessions crucial for tex tile entrepreneurship sus-tainability. Within the framework of the Atlas Bayrami Festival, about 60 handicraft artists, young entre-preneurs, and senior ar tisans re -ceived specialized training , com-bining old traditions and modern knowledge. The sessions provid-ed information on traditional dec-orations, fibers and natural colors, and modern tools for promotion of cultural products, such as inter-net and social networks. Ucell spe-cialists added value to the sessions with the present ation “ Internet—Tools for Education and Affordable Promotion for All in Uzbekistan. ” Moreover, using its technological capabilities, Ucell contributed to an increase in internal and external awareness of the festival. Organized under the auspices of the UNESCO Tashkent Of f ice, Atlas Bayrami is the platform to promote the idea of q u a l i t at i ve a n d n at u r a l p ro d -ucts creation which is crucial for Uzbekistan to expand its econom-ic possibilities abroad.

Kids are playing in Ucell—Quvonch Makoni playground in Fergana city.

Bibi Russel in Atlas bayrami festival.

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AMCHAM UZBEKISTAN

Monthly Meeting on september 29, 2016The September monthly meeting of AmCham in Uzbekistan featured honorary speaker, Mr. Muhammadjan Babadjanov, head of the Department of Monitoring of Investment Obligations of State Committee of Uzbekistan on Privatization, Demonopolization and Development of Competition.

The Committee is a State Gover-nan ce Body which is involved in further deepening of the process of privatiza-tion of State-owned Property and the expansion of scale of private prop-erty as a foundation of the Market Economy. It also aims to increase the

efficiency of antimonopoly regulation, assist in the formation of a real com-petitive environment, accelerate de-velopment of the securities market, especially the secondary market, and radically improve the corporate gover-nance system.

In his presentation, Mr. Babadjanov talked about the investment climate in Uzbekistan and the government’s pro-gram aimed at increasing the private sector’s share in the economy, which stipulates transition to private own-ership over 1247 enterprises and fa-cilities. In the last year alone 800 as-sets were transferred to the private sector which illustrates the high level

of demand from investors. Exclusive offers for foreign investment current-ly encompass over 300 assets in ev-ery segment of the economy repre-sented by shares of regional indus-try leaders and other large compa-nies. Mr. Babadjanov discussed in de-tail several enterprises from different spheres of industry.

An additional guest speaker at the September monthly meeting, Mr. Za-far Khashimov, Country Officer of International Finance Corporation (IFC) Uz be ki stan, gave a presentation about the assistance provided by IFC in privatization of state assets, devel-oping corporate management, im-

Zafar Khashimov (IFC) and Muhammadjan Babadjanov—Head of the Department of GKK

Members of AmCham participating in GKK presentation Anvar Rasulev (Ansher Investments) and Otabek Mukhamaddiev (PWC)

Anvar Rasulev (Ansher Investments)


aMCHaM evenTs

proving legislation and providing con-sulting services in tender processes.

Participants who joined the event took part in a question and answer session followed by a social hour and cocktail. The text of Mr. Babadjanov’s presentation is available for addition-al information on our website.

Monthly Meeting on november 24, 2016His Excellency Neithart Höfer-Wissing, Ambassador E x traordinar y and Plenipotentiary of the Federal Republic of Germany to Uzbekistan was the honorary speaker at the November Monthly Meeting.

Introductory remarks were made by Hugo Minderhoud, AmCham Trea-su rer, member of the Board of Di rec-tors, and Honorary Consul of the King-dom of the Netherlands and Kingdom of Belgium.

His Excellency Neithart Höfer-Wis-sing, gave an extensive review of the business climate and economic situ-ation in Germany, as well as an over-view of present ties and options for the future development of bilater-al cooperation between Uzbekistan and Germany.

The question “Why do business with Germany?” was thoroughly cov-ered. Germany is the fourth largest

economy, third largest exporter, and third largest importer in the world. Germany is also Europe’s largest mar-ket with 21% of EU GDP. The main rea-sons for Germany’s economic suc-cesses are it's large number of small and medium sized enterprises, as well as extensive investment in re-search and development (ranked 4th worldwide), which annually contrib-utes 80 billion Euros. The secured in-vestment environment is supported by a robust legal system with well pro-tected intellectual property rights, a stable social environment, one of the most competitive tax systems among industrialized countries, low corrup-

Kamil Abidov (CASC), Davron Ozgurer (Ansher).

Nazi Aripdjanova (AmCham Director), Matthew Kuschel (TIC), Atabek Alimdjanov (Move One Logistics), Umida Tadjieva (Health and Travel)

H. E. Neithart Höfer-Wissing—Ambassador of Germany

Tashkent International Clinic: Matthew Kuschel and Nodira Yadgarova

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tion, and many other positive aspects of a healthy investment climate, which were all discussed in the presenta-tion by His Excellency Neithart Höfer-Wissing.

One of the problems reviewed is Germany’s excessive energy con-sumption. A top priority is to cut energy consumption by half while at the same time maintaining sol-id economic growth. Germany also has a goal to cut CO2 emissions by 80% and to increase the share of re-newable energy to 60% of total ener-gy consumption.

Renewable energy is one of the many areas of Uzbek-German coop-

eration. There are several wind and solar energy projects in Uzbekistan which are being implemented in co-operation with German partners.

His Excellency Neithar t Höfer-Wissing expects that the business relations between Uzbekistan and Germany will continue to grow. As of today there are 60 organizations with German interests in Uzbekistan. These include the German-Uzbek Business Council, German Trade a n d I nv e s t m e n t C h a m b e r, a n d German Chamber of Commerce, all which support and promote fur-ther business ties between Germany and Uzbekistan. There is also the

M anager Training Programme of the German Federal Ministr y for Economic Affairs and Energy under which Uzbek managers have visited Germany. Every year about 1500 stu-dent s travel from Uzbekist an to study in German universities. His Excellency Neithart Höfer-Wissing, A m b a s s a d o r E x t r a o rdin a r y a n d P l e n i p o t e n t i a r y of t h e Fe d e r a l Republic of Germany to Uzbekistan, expects this number will continue to grow.

Participants who joined the event also took part in a question and an-swer session followed by a social and cocktail hour.

H. E. Neithart Höfer-Wissing—Ambassador of Germany

Pierre-Paul ANTHEUNISSENS (Alstom), Krasimir Dragnev (Embassy of Bulgaria) Shiraz Poonja and Zia-Ul Haque (Sitara International)

Hugo Minderhoud (AKTE LLC)


aMCHaM evenTs

Members of AmCham in Uzbekistan enjoy certain procedural advan-tages, including expedited appointment requests. The program works for employees of companies-members of AmCham in Uzbekistan who are applying for U. S. visas in order to travel to the United States for busi-ness purposes. Please see details here

amCham visa expedite requests, support letters

These instructions describe how the American Chamber of Commerce may request expedited nonimmigrant visa appointments and submit sup-port letters on behalf of AmCham members traveling to the United States for business purposes.

To request such assistance, AmCham Member Companies are advised to follow the steps below:1. See the U. S. Embassy Tashkent nonimmigrant visa web pages at http://uzbekistan.usembassy.gov/non-immigrant_visas.html for general instruc-tions on requesting an expedited appointment. The embassy will respond to requests from AmCham in accordance with its standard procedures for all applicants.2. The visa applicant fills out electronic application form (DS-160).3. The applicant selects an appointment date through the embassy’s on-line appointment system. Without an existing appointment, an expedited appointment cannot be approved.4. AmCham Internal Procedures:a. To participate in the program, AmCham member companies should present the following documents to the AmCham office:

$ A letter to the AmCham office requesting an expedited appointment. The letter should clearly explain the purpose of the business visit and the reason for the expedited appointment. The letter should have a clear state-ment of the exact position in the company of person/persons intending to make a visit, their legal names and passport data, and the time frame of the visit. The place of a visit should also be clearly stated. If an AmCham Member Company is financing the visit from its own accounts, it must be clearly explained. If a business partner in the U. S. is paying for any expens-es this also needs to be stated in the letter.

$ A copy of an invitation letter from a partner company in the United States. $ A copy of a contract. $ Copies of passports.

b. After AmCham has reviewed all of the documents presented, the Executive Director will prepare a letter to be attached to those documents for the AmCham file and to be brought to the interview by the applicants. AmCham provides the embassy with a sample letter and e-mails updat-ed versions to [email protected] for the Consular Section to use as a reference.5. AmCham e-mails the Consular Section at [email protected] and provides the applicant’s name, date and place of birth, passport in-formation, the existing appointment date/time and application barcode, a short summary explaining the urgency of the business trip, and a scanned copy of the AmCham support letter. Expedite e-mails may include re-quests to reschedule interviews for colleagues or business partners for the same day.6. The embassy notes the AmCham support letter, decides on the re-quest according to its standard criteria, and replies to the e-mail within three business days.7. Applicants may always schedule appointments directly with the Consular Section at http://uzbekistan.usembassy.gov/non-immigrant_visas.html. Regular appointments are normally available within ten business days.

business Mixer on june 10, 2016T h e J u n e 2 0 1 6 A m C h a m b u s i -n e s s m i x e r w a s s p o n s o r e d b y PricewaterhouseCoopers (PwC), Platinum Member of AmCham in Uzbekistan. The Lotte City Hotel Tashkent Palace courtyard provided the beautiful venue for the network-ing event.

“We are proud to have such a suc-cessful member like Price water house-Coopers “—stated AmCham president, Donald Nicholson II, in his introducto-ry remarks.

General Director of Price water-house Coopers in Uzbekistan, Mr. Ota-bek Muhammadiyev, took the floor to welcome participants.

In his welcoming speech, Mr. Mu-hammadiyev underlined the impor-tance of value and trust in business relationships. “As the world's leading professional services firm, we know that value and trust are also the ingre-dients of a quality relationship, and that they are earned over more than a single engagement.”

PwC provides industry-focused services for public and private cli-ents in order to build public trust and enhance value through the applica-tion of what they call Connected Thinking. PwC is organized around industry to share the latest research and points of view on emerging in-

Peter Andersen (Radisson Blu Hotel) and Bakhodir Jabborov (Grata)

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AMCHAM UZBEKISTAN

dustry trends, to develop industry-specific performance benchmarks based upon global best practices, and to share methodologies and ap-proaches in complex areas such as financial instruments and tax provi-sioning.

PwC's Assurance group provides a s s u r a n c e o n t h e f i n a n c i a l p e r-formance and operations of busi-nesses. They also help businesses improve their external financial re-porting , strengthen company cor-p o rate g ove r n a n c e p ro c e dure s , and achieve social and economic goals related to corporate sustain-ability.

PwC’s tax solutions are based on extensive knowledge and experience of their specialists enhanced by their methodologies. They are organized around different aspects of tax and law, reflecting the need for in-depth specialist knowledge in each key area.

business Mixer on september 14, 2016The September Business Mixer was hosted by Tashkent International School, which serves the needs of an expand-ing international population, including children of expatriate business people and children from the diplomatic com-munity. Symbolically, the event coincid-

ed with the closing of the open-air sea-son by being hosted on the picturesque park-like campus of the school, while at the same time, represented the open-ing of the school year.

The relaxing atmosphere of the campus and the cool evening air evoked memories among visitors about their time in school as the event stretched into the evening hours. The evening was opened by Donald Nicholson II, President of AmCham, who in his opening remarks present-ed the new Director of TIS to the com-munity, Ms Myna Anderson. He also took the opportunity to introduce at this event the new Executive Director

Otabek Mukhammadiev (PWC) and Donald Nicholson II (President AmCham)

Myna Anderson (TIS) Raisa Khabirova (PWC), Ekaterina Erarslan (AmCham).

Mitali Dhone (Ramada Hotel)


aMCHaM evenTs

of AmCham Uzbekistan, Ms Nazi Aripdjanova. In her speech, Ms Myna Anderson emphasized that TIS is committed to not just to internation-al by merit of the passports held by students, but to being internationally-minded. Guests were given the oppor-tunity to tour school facilities, and en-joyed a delicious meal. Contributing to the atmosphere was accompaniment of beautiful music performed by tal-ented TIS students.

business Mixer on october 19, 2017The Business mixer which took place on the 19th of October was hosted

by the Radisson Blu Tashkent Hotel. Beautiful music performed by a vio-linist kicked off the event with a truly emotional start.

The guests, among whom were representatives of local and foreign businesses, diplomatic organizations, including Ambassadors of foreign countries, were invited to a gorgeous-ly decorated Grand Ballroom. Mr. Tõnu Grünberg, AmCham Vice-President, gave welcoming remarks emphasizing how the AmCham family is honored to have the Radisson Blu Tashkent as a member.

Situate d in the hear t of Tash -kent’s business district, the Radis-

son Blu Tashkent Hotel is widely re-garded one of the premier places for accommodation in the region. Hotel General Manager, Mr. Peter Andersen, addressed guests with an inspira-tional speech, during which he of-fered the following remarks—“If you have any sug gestions or remarks concerning our services and facili-ties, please contact me directly any time. I am here to propel hospitality to the highest level.”

Guests enjoyed delicious food, pleasant company and atmosphere for the remainder of the evening thanks to the outstanding hospitality of the Radisson Blu Tashkent.

Peter Andersen (Radisson Blu Hotel)

Atabek Alimdjanov (Move One Logistics),Nail Khasanov (Kosta Legal Law Firm) Hans-Ullrich Ihm (OSCE)

Student of TIS.

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business Mixer on november 18, 2016The November Business Mixer was hosted by a Gold Member of AmCham U zb e k i s t a n , C e nt r a l A s i a S e e d Company (CASC). The event was made all the more memorable by the music and lively presence of Honored Artist of Uzbekistan Mr. Mansur Tashmatov.

A m C h a m P r e s i d e n t , D o n a l d Nicholson II, welcomed guests of the evening, among whom were members of AmCham, representatives of diplo-matic missions, and guests invited by event organizers.

In his speech, honorar y guest, Deput y Chairman of the Senate

of Uzbekistan, Mr. Sodik Safoyev, thanked AmCham Uzbekistan for its diligence and long-standing fruitful cooperation and support in develop-ing businesses between Uzbekistan and the United States. Mr. Safoyev expect s encouraging changes in Uzbekistan will positively influence AmCham’s activities and at tract greater foreign investment.

M r. A z iz k h a n A k h m e d ov, t h e General Director of CASC and host of the event, thanked all guests for com-ing. He also introduced the president of Agro Bank, and farmers the Central Asia Seed Company works closely with here in Uzbekistan.

AmCham President, Donald Nichol-son II, mentioned that CASC should be regarded as a role model here in Uzbekisatn for the way the cotton should be grown.

Central Asia Seed Company (CASC), a wholly owned subsidiary of the American company Elsut International, was founded in 1997 by an initia-tive of the World Bank and the Uzbek Government. The company is head-quartered in Tashkent, Uzbekistan, with manufacturing facilities in the Saihunabad district of Syrdaria region. The company was founded with the in-tent of producing high quality cotton seed, using 100% private capital.

Azizkhan Akhmedov (CASC)

Jon Larsen (USA Embassy), Atabek Alimdjanov (Move One Logistic), Nodira Yadgarova (TIC), Azamat Davletov (Agessa Grup)

Mr. Sodiq Safoyev (Senate of Uzbekistan)

Honored Artist of Uzbekistan Mr. Mansur Tashmatov


aMCHaM evenTs

adrian Macaulay

Adrian Macaulay, BA (Hons), PGCE, NPQH. He became Director at British School in Tashkent, Uzbekistan in 2016. Adrian has been an educator for 26 years, 20 of those in international schools in the Middle East. Adrian was pre-viously Assistant Head at the British School Al Khubairat in Abu Dhabi, before moving to Qatar in 2006 to work for Qatar Petroleum as Deputy Head and Headteacher at Dukhan English School, and finally as Principal of Mesaieed International School.

Myna anderson

Myna Anderson took on the mantle of Director at Tashkent International School in Tashkent, Uzbekistan starting in July 2016. Myna has served in several international schools since 1992, as a teacher, coordinator of multiple programs, admin-istrator, coach, elementary and secondary principal and ac-creditation leader. She has a broad range of experience with all three IB programs and has taught and/or coordinated programs at the elementary, middle and high school levels.

Myna approaches her first headship role with experi-ence from Lincoln School in Katmandu, Nepal; International School of Yangon in Rangoon, Burma; Harare International School in Harare, Zimbabwe; Khartoum International Community School in Khartoum, Sudan: Lahore American School, Pakistan; and ABA-An IB World School in Muscat, Oman. Myna holds MA degrees from Teachers College of Columbia University and Michigan State University

welCoMe aboarD

join aMCHaM faMily

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AMCHAM UZBEKISTAN

new MeMbers

The Dow Chemical CompanyDow (NYSE: DOW) combines the power of science and technology to passionately innovate what is essen-tial to human progress. The Company is driving innovations that extract val-ue from material, polymer, chemical and biological science to help ad-dress many of the world's most chal-lenging problems, such as the need for fresh food, safer and more sus-tainable transportation, clean water, energy efficiency, more durable in-frastructure, and increasing agricul-tural productivity.

Dow's integrated, market-driven portfolio delivers a broad range of technology-based products and so-

lutions to customers in 175 countries and in high-growth sectors such as packaging, infrastructure, transpor-tation, consumer care, electronics, and agriculture.

On June 1, 2016, Dow became the 100 percent owner of Dow Corning Corporation’s silicones business, a global company with sales of great-er than $4.5 billion in 2015, 25 man-ufacturing sites in 9 countries and approximately 10,000 employees worldwide.

In 2016, Dow had annual sales of $48 billion and employed approx-imately 56,000 people worldwide. The Company's more than 7,000 product families are manufactured at 189 sites in 34 countries across the globe.

R e fe r e n c e s t o " D o w " o r t h e "Company" mean The Dow Chemical Company and its consolidated sub-

sidiaries unless otherwise expressly noted. More information about Dow can be found at www.dow.com.Tel.: +90 (216) 571-1607Email: [email protected]: www.dow.com/en-us/turkiye

riks education CentreRIKS Education was founde d in 2007 and now it is one of the best e du c atio n al c e nte r s a n d s tu dy abroad agencies in Uzbekistan. RIKS Education has already achieved its main purposes, which are: spreading the idea of education around young people; making being well educat-

Dow Turkey and Central Asia President Ihsan Necipoglu Azimjon Khusanov (RIKS Education)


welCoMe aboarD

ed person with good knowledge of English a fashion; gathering innova-tive ideas among young generation and strengthening their knowledge; the purpose of development, which is the most important aim of any kind of business; advising and directing peo-ple, who need advice and support in the field of education;

RIKS Education centre has many international education partners in USA , UK, Canada and other coun-tries. RIKS Education is the winner of International Award PABA. Company offers General English, IELTS prepa-ration courses and Russian language for foreigners. Address: Niyozbek yuli, 1 Business Centre Eurasia 100084, Tashkent cityTel.: +998 (97) 441-8241Fax: +998 (71) 234-0234Email: [email protected]: www.riks.uz

sHerDav HiMoyaSherdav Himoya (Sherdav) is a law firm founded in 2007. Sherdav is one of the leading and rapidly ex-panding law firms with strong part-nership relations with Law Firms in more than 100 countries around the Globe being member of the PraeLegal. There are 19 experts in the team of Sherdav which makes Sherdav team one of the biggest in the country. Sherdav s expertise is not limited and the firm consists of legal experts from various fields of ju-risprudence, notably Sherdav is lead-ing firm litigating in Pharmaceutical, Road Construction, Insurance, Real Estate and Intellectual Property.

Sherdav is chosen as a local litiga-tion, due diligence and outsourcing

expert law firm by various internation-al institutions.

Sherdav serves over 340 clients annually; most of which are inter-national companies and investors, representing their interests in gov-ernmental institutions and any level of national and international Courts and Arbitrations despite the chal-lenges of local and international le-gal arena. Address: #409, 77 Bobur st., Yakkasaray dst., TashkentTel.: +998 (95) 1454921Email: [email protected]: www.sherdav.uz

“zamonaviy libos”Atelier Indira Isaeva 123—is a place where dreams of fashion come into reality. Our atelier provides services in custom made garments for women for various occasions. The garments that are offered by atelier include: casual wear, business wear, national costume garments, cocktail dresses and evening garments for special occasions, includ-ing bridal wear.

By becoming the customer of Indira Isaeva, customers are provid-ed with the development of a perfect silhouette for specific body compo-sure and the best design of a gar-ment for the given event consider-ing the latest fashion trends.

Further on, the team of produc-tion professionals together with Indira Isaeva work on producing each item thoroughly, tailoring each model of the garment into a perfect fit. Address: Sh. Rashidova street, #16 Tashkent cityTel.: +998 (71) 2050825Email: [email protected]: www.indiraisaeva.com

Ravshan Djuraev (Sherdav Law Firm), Mirzoulikbek Abdullaev (OSCE), Darvon Ahmatov (Sherdav Law Firm)

Indira Isaeva (Zamonaviy Libos)

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AMCHAM UZBEKISTAN

uzbekisTan: review of MaCroeConoMiC inDiCaTors, 2016

Macroeconomic indicators january–september 2016

Billion SUMCompared to the

same period of the previous year

Gross domestic product 199,325.1 107.8

Industrial output 111,267.2 106.0*

Agricultural production 48,431.1 106.6

Investment in fixed assets 49,476.8 109.4

Construction work 29,265.8 112.5

Transportation of goods, mln. tn 1,603.6 105.0

Passengers, million 7,875.0 103.6

Retail turnover 88,033.6 114.1

Passenger turnover, million pass. / km 110,456.1 104.3

Services, total 90,991.7 112.5

Freight turnover, million tons-km 91 ,172.6 104.9

report alert

The gross domestic product (GDP) of Uzbekistan in January–September 2016 amounted to 199,325.1 billion SUM, or grew by 7,8%.

In January–December 2016 there were produced industrial goods to the amount of 111,267.2 billion soums, the growth rate to the same period of 2015 was 106.0 percent (Interdependent sales in real time [including construction] amount-ed to 106.6 percent)*. The growth of labor productivity to the corresponding period of the previous year was 5.2 percent.

In the reporting period (January–December 2016), the volume of agricultural production was 48,431.1 billion soums or 106.6 percent to the corresponding period of 2015.

The freight turnover was 91,172.6 billion t-km or 4.9 percent higher than in January–December 2015.In comparison with January–December 2015 the number of passengers carried by all of transport increased by 3.6 per-

cent and totaled 7,875.0 million persons in January–December 2016. The passenger turnover increased by 4.3 percent and was 110,456.1 billion pass-km.

for more information contact afs office:

Phone: +998 (71) 234-9611Email : [email protected] site: www.afs-research.com


legislaTion

appliCaTion for CHaMber MeMbersHip

Chamber Membership Categories

Membership Category Qualifications Annual Dues

Vot

ing

Mem

ber

s Platinum Annual worldwide revenues of $100m and above

USD 4,000

Gold Annual worldwide revenues less than $100m and more than $5m

USD 3,000

Annual worldwide revenues less than $5m USD 1,500

No

n-v

otin

g m

emb

ers Silver Annual worldwide revenues less than $100m USD 1,000

Bronze Annual worldwide revenues less than $5m USD 600

Non-profit Registered as a non-profit organization USD 500

Non-resident Organization with no local representation/registration in Uzbekistan

USD 1,500

All categories give the member access to a full range of services and benefits including business de ve lopment function, the committee network, and all publications.

Non-voting members may not vote or sit on the Board of Directors.

1. Please indicate the category of membership for which you are applying: Membership is per cal-endar year. Enrollment is prorated by the number of months remaining in the calendar year.

Type of membership Annual Dues Type of membership Annual DuesG Platinum USD 4,000 G Bronze USD 600G Gold USD 3,000 G Non-profit USD 500G Gold USD 1,500 G Non-resident USD 1,500G Silver USD 1,000

2. I/We agree, if accepted, to be bound by the Chamber’s rules and regulations, and to pay the ap-propriate annual dues:

Name of company

Address

Tel. Fax E-mail

Head of firm in Uzbekistan:

Name Title / Position

27WWW.AMCHAM.UZ

AMCHAM UZBEKISTAN

Representatives (voting if American Company)

(first alternate)

(second alternate)

3. Nationality of parent company:

G US G Uzbekistan G Other (please specify)

Place and Date of Incorporation

4. Type of company in Uzbekistan:

G Manufacturing facility G Sales/Representative office G Service facility

Brief description of activity:

Addresses of branches or other offices in Uzbekistan:

Specify relationship with firm in the USA (if any): branch, subsidiary, affiliate, joint venture, sales offices.

Give US name, complete address, telephone and fax number:

5. Please indicate the approximate amount invested into the economy in Uzbekistan:

G USD 1,000–10,000 G USD 100,000– 1,000,000G USD 10,000– 100,000 G More than USD 1 million

6. Number of employees in Uzbekistan at all locations:

G less than 20 G less than 50 G 50–100 7. Annual revenue:

G less than USD 100,000 G USD 100,000–500,000 G More than USD 500,000

Prepared by Date

Signature of applicant

Important notice: Information found on this application is for internal AmCham use only and will be handled as business confidential.


AMCHAM UZBEKISTAN

MeMbersHip lisT

plaTinuM MeMberBAT UzbekistanDavid Le Blond, 120-5555CNH IndustrialOybek Burkhanov, 120-7450Coca-Cola Mes. Paz. Dan. San. Ve. Tic. A. S.Gabil AhmadovErnst & YoungAnvar Azamov, 140-6482GM Operations UzbekistanHector Villarreal, 280-6433PwCOtabek Muhammadiev, 120-6101UcellTõnu Grünberg, 180-0000

golD MeMberAKTE LLCHugo Minderhoud, 252-2402«Bo'stonlig Sut» JVJamilya Askarova, 120-4965Central Asia Seed CompanyAzizkhan Akhmedov, 291-0073Daewoo Pack Co, Ltd.Jang Dae Won, 295-0573Hotel International TashkentBekhzod Zufarov, 120-7000Hotel Radisson Blu TashkentPeter Andersson, 120-4900InterConcepts Inc.Charles L. Rudd, 239-1491OLSOFTEvgeniy Olevskiy, 256-3291

“Perspektiva Stroy Invest” LLCUgur Akin, 233-5097SEAF-SME Investment ManagementDonald Nicholson II, 129-3040Transcontinental JV LLCJanna Popkova, 120-3838

Train Consultancy LLCMashrab Saidov, 235-0424WCH Service bureauAlexander Tulupov, 254-3621

silver MeMberAlstomPierre-Paul Antheunissens, 148-2222Ansher Investment LLP (UK)Sarvar Rasulev, 268-9970, 286-1924Air Astana in UzbekistanYevgeniy Krutov, 140-3002Bechtel International SystemsDavid Bjorkbom, 120-4425Carlsberg UzbekistanVivek Sharma, 140-9999Centil Law FirmZafar Malikov, 120-4778Deloitte va Touche LLCErkin Ayupov, 120-4445

“Grata” Law FirmBakhodir Jabborov, 233-2623

General Electric CompanySaidolim Artikov, 205-0281Ingo-Uzbekistan Insurance CompanyRustam Turaev, 150-9999JV Indorama Kokand Textile LLCDeepak Raina, 253-8325JP Morgan Chase Bank N. A. UzbekistanTokhir Sultanov, 140-3770KDB Bank UzbekistanInjoo Kim, 120-8000/01Po latqurilma JSCAzad Sharapov, 254-1422Ram Dis TicaretLyubov Belokon, 252-6779, 252-6781SEP Nestle UzbekistanSergey Tratsevskiy, 140-0600

bronze MeMberAvialeasing Aviation CompanyIgor Smirnov, 120-4950, 120-4952AFS-Research CompanyAleksey Kirilov, 234-9611/12Agesa GrupMurat Aksahin, 280-6243Ahlers InternationalDiana Tomena, 252-7120, 252-1776

“Ardena Transport” SIATamara Matveeva, 252-2772Atlantik TradeFarkhad Yusupov, 140-4868Baker Tilly TashkentGuzal Islamova, 150-1512Carolina Technologies, Ltd.Alexander Veksler, 2814362/63/64

Shabir Firdous (Globalink Logistics), Zia-Ul Haque (Sitara International), Khalid Farooq (Globalink Logistics)

29WWW.AMCHAM.UZ

AMCHAM UZBEKISTAN

Compass ConsultingUlugbek Hojiahmedov, 255-4693Crowe Horwath Int. (Audit-As)Vera Bell, 241-4618Dentons CA LimitedMarla Valdez, 120-6946, 255-6070Education Standard Consulting GroupElena Sergeeva, 268-7544Elan Express LLCBabur Asuraliev, 150-2550Eurobasis LLCDr. Taymurot Yunusmetov, 254-4563FAYSEL Construction LogisticsYuksel Adana, 255-5216Globalink Logistics GroupKhalid Farooq, 129-9900Global Translation ServiceRuslan Daminov, 914-7627, 921-9163Gosselin World Wide MovingPim Sterckx, 186-6233Grant ThorntonNematulla Karimov, 234-4632Holos Ltd.Khalmurat Manaev, 252-7185/86HR Capital Consulting (HRC)Aziz Kurbanov, 150-4230Iberiasia TourFarkhod Sabirov, 255-4990Imeon Logistics Group Ltd.David O`Connor, 150-1856International Certificate System Group LLCDr. Shervin Mirzadeh, 236-2341

SE “Ishan Group”Khwaja Zia Ahmed, 262-0012KN Ibrakom FZcoRavshan Fazilov, 254-0019Legalmax Law FirmMukhammadali Makhmudov, 212-4732Kosta Legal Law FirmAzizbek Akhmadjonov, 238-9428Marvel Juice CoAbduvali Abdullaev, 140-0786Mega Prodex LLCNormukhamedov M., 246-1611Mercury Service Events & Travel Management LLCMurod Makhmudov, 235-7771M&M Militzer & Muench UzbekistanKhurshid Kasimdjanov, 140-0003Move One LogisticsAtabek Alimdjanov, 235-1843Namuna-Diyor Private Scientific Industrial EnterpriseFurkat Salimov, 255-3278Nano Telecom Ltd.Evgeniy Vishnevskiy, 205-0000/53NeftgazkipavtomatikaTojiev Ruzimurat, 268-2401Oasis FES LLCDale Henry, 237-5315Ramada HotelDinesh Upreti, 140-6000Riks Education CentreAzimjon Khusanov, 234-0234Sherdav HimoyaDavronbek Ahmatov, 145-4921

Sitara International Ltd.Shiraz Poonja, 281-4148Stomatologiya BudushegoZafar Usmanov, 232-2022UzNEKZokir Askarov, 244-3377Wakefield Inspection Service Ltd.Philip Hesketh, 273-1071Zamonaviy LibosIndira Isaeva, 205-0825

non-profiT non-voTingAMBiTHikmat Abdurakhmanov, 269-9339The British School of TashkentAdrian Macaulay, 262-6020Canadian ConsulateAlexander Antonov, 120-7270JETROManabu Shimoyashiro, 120-5591OSCEJohn Mac Gregor, 140-0468/69/70Tashkent International SchoolMyna Anderson, 291-9670/71/72Tashkent International ClinicMatthew Kuschel, 291-0142

Honorary MeMbersADBTakeo Konishi, 140-1920IMF Resident Representative OfficeGalina Kostina, 233-4243UNDPStefan Priesner, 120-3450, 120-3451World Bank Country Office /IFCJan-Peter Olters, 238-5950IFCZafar Khashimov, 120-2454

non-resiDenTDow Turkiye Kimya Sanayi ve Ticaret Limited SirketiMeltem Turker, +90 (216) 521-1607

non-resiDenT—non-profiTDr. Gregory GleasonUniversity of New Mexico, +49 (8821) 750-2526National Bank of PakistanDildora Yuldasheva, 2371991

inDiviDualIlkhom Khodjakulov, +49 (175) 997-3902

Andrew Kemp Maul (BTS)


AMCHAM UZBEKISTAN

TaX & aCCounTing CoMMiTTee

Vera Bell

agriCulTure anD fooD proCessing subCoMMiTTee

Dale Henry

CorporaTe & soCial responsibiliTy CoMMiTTee

Rodica Verbeniuc

TourisM & HospiTaliTy inDusTry CoMMiTTee

Otabek Mukhammadiev

THe MeMbersHip CoMMiTTee

CHairs of aMCHaM CoMMiTTees 2016

TraDe & invesTMenT CoMMiTTee

Gabil Ahmadov

Tax and Accounting Committee meets on a regular basis bringing to-gether a dynamic group of senior pro-fessionals from the leading auditing companies, multinationals, and tax specialists.

Trade and Investment Committee meets and engages with the major is-sues faced by local and foreign inves-tors as well as those dealing with com-mercial matters.

Agricultural and Food Processing Subcommittee brings together a wide range of interested players including representatives of the public sector to review and discuss a full agenda of related issues.

Corporate & Social Responsibility Committee meets to review and dis-cuss the ways in which the business community can best serve its many stakeholders including those in need.

LegAL groUP CoMMiTTee

Tourism & Hospitality Committee brings together on a regular basis the many members in the hotel-tourism sector, with the focus being on how to improve service, deal with issues and contribute to the sector's growing importance.

Membership Committee looks to not just attract new candidates for mem-bership in AmCham but also how to best serve the existing members.

Legal Group Committee is still in the process of establishing itself but the early meetings have been very en-couraging by the number of interest-ed participants and the quality of the ensuing discussions.

31WWW.AMCHAM.UZ

AMCHAM UZBEKISTAN

boarD of DireCTors 2016

Timothy BuganskyEx-Officio BOD member, U.S. Embassy in Tashkent

James VaughanSasol Synfuels International

Treasurer:Hugo MinderhoudAKTE LLC

Hector VillarrealGeneral Motors, Uzbekistan

David Le BlondUzBAT

Mirpayoz MirsaatovOLSOFT

vice-president:Tõnu Grünberg

Otabek MukhammadievPwC

Nazi AripdjanovaExecutive Director

president:Donald Nicholson IISEAF-SME Investment Management

Gabil AhmadovCoca-Cola

Business Connections is semi-an-nual and annual reports for mem-bers that are published 2 times a year for American Chamber of Commerce in Uzbekistan.

Executive DirectorNazi Aripdjanova

Editorial BoardDonald Nicholson II, Hugo Minderhoud, Nazi Aripdjanova, Lyubov Belokon, Andrew Kemp Maul, Alexey Kirilov, Lola Shaislamova, Julia Bakhmatch, Rodica Verbeniuc

Contributing AuthorsDonald Nicholson II, US Ambas sa-dor to Uzbekistan H. E. Pamela L. Spratlen, Nazi Aripdjanova, Julia Bakh match, Rodica Verbeniuc, Alexander Antonov, Robert L. Hor-ton, Maxim Dogonkin, Yana Migu li-na, Nigora Akilova

Address: 4B, Afrosiab Str., 100031 Tashkent, UzbekistanPhone: +998 (71) 140-0877Fax: +998 (71) 140-0977Email: [email protected]: www.amcham.uz

The AmCham Uzbekistan and au-thors declare that they have com-piled this document carefully and to the best of their knowledge. However, no warranty or representation is made to the accuracy of complete-ness of the information contained in this document. The AmCham Uzbekistan and authors assume no liability whatsoever for any damage resulting from the use of this docu-ment or its contents.

This bi-annual free-of-charge advertising bulletin is not consid-ered to be a subject of mass com-munication and may be distributed free of charge without registration among limited number of entities and individuals.

Designer: Kakhramon Abidjanov

Printed by CLOSSAUzbekistan, Tashkent 10001593, Avliyo-Ota streetTel: +998 (71) 2813998


AMCHAM UZBEKISTAN

annual report 2016 • anniversary issue -...

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