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Brief information on Uzbekistan
| Short-term | There are no formal restrictions on cover. |
|---|---|
| Medium/long-term | Cover facilities are available under a ceiling of EUR 150
million with a limit on the size of the individual transaction
of EUR 10 million. Transactions with higher contract values are eligible for cover if they are particularly deserving of promotion. Transactions which are financed with a tied buyer loan are not booked against the ceiling until the loan agreement is also concluded (“first come, first served basis”). Over and above the ceiling there are cover facilities for short-term transactions, project financed and other structured finance deals, where necessary based on countertrade transactions. A restrictive approach is adopted to cover of financed local costs and subcontracted foreign supplies. |
| Collateral | In the absence of a state or bank guarantee for medium and
long-term transactions with private buyers audited annual accounts
drawn up according to international accounting standards are
required which justify the granting of cover without any other
collateral. For short-term transactions the assessment of the foreign buyer’s creditworthiness may be based on other informative documents. Banks continue to be accepted as guarantor or borrower on a case-by-case basis; some banks have been generally accepted on the strength of their good credit rating. |
| Country risk category | 6 |
No responsibility is taken for the correctness of the information provided
More detailed information on the cover policy can be found in all
articles of the AGA-Report
on Uzbekistan (German version only) and country information
on commercial practices, business climate, market analyses, law,
import procedures, customs duties can be found on the 
website
of Germany Trade & Invest (gtai).
The senior country advisers for Uzbekistan will be pleased to answer your questions
- on single transaction cover: Dr. Lars Ponterlitschek, phone: +49 (0) 40 / 88 34 - 95 80
- on revolving and wholeturnover cover: Mr Detlev Wriede, phone: +49 (0) 40 / 88 34 - 90 25
- on economic analyses: Ms Alexandra Haas, phone: +49 (0) 40 / 88 34 - 95 53