Date: 2013-08-01

Russia and China Expanding Small-sized Machinery Exports to Uzbekistan

Expanding their exports of small-sized machinery exports to Uzbekistan, China and Russia are expected to ship US$2 million worth of this category of machinery this year.

Although Uzbekistan's small and medium sized enterprises (SMEs) have seen a prosperous development in recently years, they still encounter difficulties in raising capitals and in import channel when importing machinery on their own. To resolve this problem, a small-loan bank was set up this May to satisfy SMEs' capital needs, following a proposal made by President of Uzbekistan Islam Abduganievich Karimov in the beginning of the year.

In the meantime, the country's state-owned enterprise, named "

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