BAKU, Azerbaijan, May 15. On May 15, the
Minister of Investment, Industry and Trade of the Republic of
Uzbekistan Laziz Kudratov met with the Minister of Foreign Affairs
of the Republic of Cyprus Konstantinos Kombos, Trend reports.
The discussion centered on the current state of Uzbek-Cypriot
relations, as well as support for strengthening cooperation between
the business communities of both countries.
Positive dynamics of economic interaction were noted, reflected
in the growth in the volume of mutual trade and the number of joint
ventures in recent years. Mutual readiness was expressed to
stimulate the expansion of investment partnerships and industrial
cooperation.
At the end of 2023, the volume of Uzbek-Cypriot trade turnover
increased 8 times. Currently, there are 80 enterprises with Cypriot
investments operating in Uzbekistan, including 54 with 100% Cypriot
capital.