Mineral reserves and rising consumer demand: Uzbekistan and its Central Asian neighbours are becoming increasingly interesting for German companies.
German companies are becoming increasingly interested in Central Asia – particularly Uzbekistan. Thanks to its wealth of mineral reserves and rising domestic demand, the country is on a growth trajectory. Many of LBBW’s corporate customers are currently considering setting up local production facilities. LBBW is already there with its Representative Office in Tashkent.
Our Range of Services
- Advice on market entry and location searches
- Facilitating contact with Uzbek manufacturers (for importers)
- Facilitating contact for foreign trade financing
- Facilitating contact with local authorities and banks
- Facilitating contact for financial advice services for German subsidiaries and joint ventures
- Advice on export financing
3 Questions to Aziz Inomkhodjaev
We asked Aziz Inomkhodjaev, Chief Representative Tashkent, about the people who use his services, what his customers expect, and how he can surprise them.
1. Who uses your services and expertise?
LBBW’s Representative Office in Tashkent is today deemed to be the gateway for our clients to Central Asia. We support them in entering the market, offer tailor-made financing solutions and provide them with a wide range of advisory services. We also provide advisory services to local banks and importers with the aim of better connecting our clients with their potential customers.
2. What attractive options do customers often underestimate?
Customers often underestimate the local mentality and cultural differences in doing business. The local proverb says: “The East is a delicate matter”. Paying attention to customs and cultural differences and possessing local market knowledge can give you a better chance of success. We are ready to share with you our huge market and product knowledge, experience and understanding of the local mentality.
3. How can you surprise customers?
Once you have decided to do business in Central Asia, you can fully rely on us. We value our customers highly and will provide you with the best imaginable service and support. We have the unique combination of being a German bank that speaks the local language and understands the local mentality.
Your contact person
Aziz Inomkhodjaev has managed LBBW’s Representative Office in Tashkent since 2015. The native Uzbek, with an excellent knowledge of German and English, has gained more than 15 years of experience in representing German banks in Central Asia.
Phone +998 71 2389410 11
Representative Office Tashkent
Block A, 11th Floor,
107-B, Amir Temur Avenue,